Ecopetrol Sets New Standards for Shareholders' Representation at Upcoming Meeting

Ecopetrol Enhances Shareholder Representation for Upcoming Meeting

Ecopetrol S.A., Colombia's largest company and a prominent player in the energy sector throughout the Americas, has taken significant steps to bolster the representation of its shareholders at the Extraordinary Shareholders' Meeting scheduled for September 15, 2026. This initiative aims to align with the requirements outlined in the regulations of the Financial Superintendence of Colombia.

The company is committed to ensuring transparency and integrity at this critical meeting by implementing several key measures:

1. Right to Proxy Representation: Shareholders will be informed of their right to appoint a proxy for the upcoming meeting. Key legal details surrounding the proxies must be clearly communicated. It is critical that the powers of attorney submitted meet the legal criteria to be valid.

2. Adherence to Legal Requirements: Those responsible for verifying the authenticity of powers of attorney will be instructed not to accept any proxies that lack the necessary legal elements. A clear designation of the proxy's name is mandatory for validation.

3. Neutrality of Management: Ecopetrol reinforces that management and employees must remain neutral during the voting process. They are prohibited from suggesting or deciding whom shareholders should appoint as proxies or which proposals to support or oppose during the meeting. This is to ensure the independence of shareholder decisions.

4. Restrictions on Proxy Granting: The rules explicitly prevent the granting of proxies to any individuals who are associated with Ecopetrol's management or employees, addressing potential conflicts of interest. Employees may only represent shares that they personally own unless they are legally required to do otherwise.

5. Verification Responsibilities: The Corporate Legal Vice Presidency and the General Secretariat will be tasked with overseeing the compliance of powers of attorney, ensuring standards are strictly followed.

Ecopetrol, which employs over 19,000 individuals, stands at the forefront of Colombia’s hydrocarbon industry, producing over 60% of the country’s oil and gas. Its recent acquisition of a majority stake in Interconexión Eléctrica S.A. (ISA) further expands its influence into energy transmission and significant infrastructure projects.

Through these measures, Ecopetrol aims to uphold high governance standards and improve the shareholder experience. The management's commitment to transparency and strict adherence to regulations reflects an effort to build trust with shareholders amid a complex market landscape.

As Ecopetrol continues to operate in various strategic basins across the Americas—including exploration and production ventures in the U.S., Brazil, and Mexico—it remains vital for the company to pre-emptively address any issues related to shareholder governance. The upcoming Ordinary Shareholders' Meeting will not only be an opportunity to discuss operational strategies but also a chance to reinforce the principles of fair representation.

The company's proactive approach to governance and shareholder engagement signals its dedication to maintaining stability and integrity in corporate management, promising to positively impact its long-term growth trajectory and financial health.

In summary, with the Extraordinary Shareholders' Meeting on the horizon, Ecopetrol is setting a benchmark in corporate governance, showcasing its commitment to ensuring that shareholder voices are heard and represented correctly. It remains essential for all stakeholders to partake in this vital aspect of corporate oversight, shaping the future of one of the most significant companies in Latin America.