Ecopetrol S.A. informed that, as part of its comprehensive debt management and maturity refinancing strategy, the Ministry of Finance and Public Credit, through Resolution 0652 of 20 March 2024, has approved the execution of a loan of up to USD 1,200 million. The loan will be executed by and among Ecopetrol, as borrower, and Bank of Nova Scotia (USD 300 million), BBVA Securities Inc. (USD 250 million), Bank of America, N.A. (USD 200 million), JPMorgan Chase Bank, N.A. (USD 200 million), Itaú Chile New York Branch (USD 100 million) and Standard Chartered Bank Hong Kong Limited (USD 150 million), as lenders. The term of the loan will be five (5) years; principal will be repaid at maturity; and interest will be subject to a variable rate previously agreed by the parties.

The loan was approved by the MHCP, given Ecopetrol's request to refinance the USD 1,200 million outstanding under a previously-executed loan authorized by Resolution 1824 of July 30, 2021, and which expired on August 16, 2023. Such loan authorized in 2021 was disbursed on September 29, 2022 to refinance the debt contracted for the acquisition of Interconexión Eléctrica S.A. In order to obtain the loan, the Company complied with all the required internal and external procedures and approvals. The terms of the loan confirm the support and confidence of the international financial sector in the strategy of the Ecopetrol Group.