Canacol Energy Ltd CNNEF

37% owned by Buddies

[oilwatcher13]

Voting Securities and Principal Holders Thereof As at May 12, 2021, there were 179,515,122 Common Shares issued and outstanding, each such share carrying the right to one vote on a ballot at the Meeting. A quorum for the transaction of business at the Meeting will be present if there are not less than two persons present at the Meeting holding or representing by proxy not less than 5% of the shares entitled to be voted at the Meeting. The Board has fixed the Record Date for the Meeting at the close of business on May 12, 2021. To the knowledge of the directors and executive officers of the Corporation, as at May 12, 2021, no person or company beneficially owned or controlled or directed, directly or indirectly, voting securities of the Corporation carrying more than 10% of the voting rights attached to any class of voting securities of the Corporation other than as set forth below:

Name Number of Common Shares(1) Percent of Outstanding Common Shares(2)
Cavengas Holdings S.R.L. 32,613,072 18%
Fourth Sail Capital, LP 34,860,968 19%

Notes: (1) Based on information disclosed in the public filings of the applicable party. (2) Based on a total of 179,515,122 Common Shares issued and outstanding as at May 12, 2021.

[oilwatcher13]

Location Bogot, Distrito Especial, Colombia Regions Latin America Gender Male Oswaldo Cisneros is the principal of Cavengas and currently serves as the President of Corporacin Digitel, a telecom company, Maritime Contractors de Venezuela, an oil drilling services company, Fabrica Nacional de Vidrios, a glass bottle manufacturer, and Central Azucarero