Ecopetrol S A : Partial Distribution of occasional reserve and modification of the dividend payment schedule for the majority shareholder - Form 6-K

Partial Distribution of occasional reserve and modification of the dividend payment schedule for the majority shareholder

Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Company") announces that, at the Extraordinary General Shareholders' Meeting held on June 17, 2022, the Company's Shareholders approved the modification of the:

i)	deadline for the payment of dividends to the Nation, approved in the ordinary session of March 30, 2022, from September 30 to October 31, 2022.

ii)	change in the destination of the Company's occasional reserve that had been constituted in the General Shareholder's Meeting held on past March 30, in order to distribute it as an extraordinary dividend of one hundred and sixty-eight Colombian pesos per share (COP$168), as follows:

Occasional Reserve Distribution
Total occasional reserve available:	COP$ 8,889,900,168,629
Number of shares:	41,116,694,690.1959
Value for distribution per share:	COP$ 168
Amount of occasional reserve for distribution	COP $6,907,604,707,953
Value of reserve not distributed:	COP$1,982,295,460,676

The payment of the dividend for minority shareholders will be made in a single installment on June 30, 2022, and for the majority shareholder, the total dividend payment will be offset with the receivable account within the Fuel Price Stabilization Fund (FEPC for its acronym in Spanish) with Ecopetrol S.A. no later than June 30, 2022, in accordance with the provisions of Paragraph 2 of Article 90 of Law 2159 of 2021.

Bogotá D.C., June 17, 2022

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Ecopetrolisthelargest company in Colombiaand oneof themainintegrated energy companies intheAmericancontinent,with morethan18,000employees.InColombia,it isresponsiblefor morethan60%ofthehydrocarbon productionofmosttransportation, logistics, and hydrocarbon refining systems, anditholds leading positionsinthe petrochemicals andgas distributionsegments.Withthe acquisition of51.4%ofISA'sshares,the company participates in energy transmission,the management ofreal-time systems (XM),andthe Barranquilla - Cartagenacoastalhighway concession. Attheinternational level, Ecopetrolhas a stakeinstrategicbasinsinthe American continent,withDrillingandExplorationoperationsintheUnitedStates (PermianbasinandtheGulfofMexico), Brazil,and Mexico, and, through ISAandits subsidiaries, Ecopetrol holds leading positions inthepower transmission business inBrazil, Chile, Peru,and Bolivia, roadconcessionsin Chile, andthetelecommunications sector. This pressreleasecontains business prospect statements,operatingand financial result estimates, and statements relatedtoEcopetrol's growth prospects. These are all projectionsand,assuch,they are based solely on the expectations of themanagersregardingthefuture of thecompanyandtheircontinuedaccessto capital to finance the company's businessplan.Therealizationof said estimatesinthefuturedependson the behavior of market conditions, regulations, competition, theperformanceof the Colombian economymyandtheindustry,among otherfactors,and are consequentlysubjectto changewithout prior notice.

This releasecontains statements that may beconsideredforward-lookingstatementswithinthemeaningof Section 27Aof theU.S. Securities Actof1933,asamended,andSection21Eof theU.S. SecuritiesExchangeActof1934,asamended. All forward-looking statements, whether madeinthis releaseorinfuture filings orpressreleasesororally,address matters that involve risksanduncertainties,includinginrespectof theCompany'sprospectsfor growth anditsongoingaccesstocapitaltofund theCompany'sbusiness plan, among others.Consequently,changesinthefollowing

factors,among others, couldcause actual resultstodiffer materially from those included intheforward-lookingstatements: market prices of oil & gas,ourexploration,andproduction activities, market conditions,applicable regulations, theexchangerate,theCompany's competitiveness andthe performance of Colombia's economyandindustry,tomention a few.Wedonotintendanddonotassumeany obligation toupdate these forward-looking statements.

For more information,pleasecontact:

Headof Capital Markets

Tatiana Uribe Benninghoff

Email: [e-mail]

Headof Corporate Communications

Mauricio Téllez

Email: [e-mail]