Ecopetrol announces decision by the Board of Directors

Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) (“Ecopetrol”) hereby reports that, in the meeting held on June 17, 2016, the Board of Directors of Ecopetrol acknowledged the resignation of Mr. Roberto Steiner Sampedro, a member of the Board of Directors.

The resignation will become effective once the General Shareholder Assembly appoints the new members of the Board of Directors.

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