#Ecopetrol #Colombia #Bogota #Shareholders

Ecopetrol's Commitment to Shareholder Representation

Ecopetrol S.A. has recently announced important measures designed to ensure that shareholders are adequately represented at its upcoming Ordinary General Shareholders' Meeting scheduled for March 28, 2025. This initiative is in compliance with the Colombian Financial Superintendence's regulations and reflects Ecopetrol's commitment to corporate governance and transparency.

The measures, approved by the Board of Directors during a meeting on February 21, 2025, are focused on maintaining the integrity of the shareholder representation process. By encouraging shareholders to appoint proxies, the company wants to ensure that all voices are heard and that the voting process is conducted fairly.

Key Measures Adopted

1. Right to Proxy Appointment: Shareholders will be informed of their right to appoint proxies and will be made aware of the legal requirements for these appointments. This step is crucial for upholding the rights of every shareholder, especially those who may not be able to attend the meeting in person.

2. Validation of Proxies: The company will appoint officials responsible for the validation of proxies. Proxies that do not meet the established legal requirements will not be accepted to ensure that only eligible representatives participate in the voting process.

3. Guidance Against Influence: To maintain the independence of the proxy process, Ecopetrol's management and employees have been instructed to refrain from influencing shareholder decisions, prohibiting them from suggesting candidates or coordinating votes on specific proposals.

4. Restriction on Proxy Assignment: The measures also restrict proxy assignments to individuals who are not directly or indirectly connected to the company's administration or employees, thus ensuring that conflicts of interest are avoided.

5. Oversight Responsibilities: The Vice-Presidency of Legal Affairs and Secretariat will oversee the review and verification of all proxy assignments, ensuring the adherence to this policy.

Ecopetrol's Position in the Market

Ecopetrol stands as Colombia's largest company and is a significant player in the American energy sector. With over 60% of Colombia's hydrocarbon production to its name, the company is integral to the nation's economy and infrastructure, engaging in various activities from hydrocarbon refining to logistics. It also has international operations in the U.S., Brazil, and Mexico, showcasing its extensive reach. The recent measures indicate Ecopetrol's holistic approach to governance, aiming to enhance the trust of its shareholders and strengthen its corporate structure.

These steps not only illustrate Ecopetrol's dedication to its stakeholders but also reinforce the company's commitment to upholding the highest standards of corporate governance. As they move closer to the upcoming meeting, Ecopetrol seeks to prepare adequately to facilitate a transparent and representative voting procedure for its shareholders.

For further information or inquiries, shareholders and interested parties are encouraged to contact the company's Capital Markets Head, Carolina Tovar Aragón, or the Corporate Communications Head, Marcela Ulloa, through their provided contact details.

Through these proactive measures, Ecopetrol not only complies with regulatory requirements but also positions itself as a leading example of corporate responsibility in the region.