Authorization granted to a Director to sell shares of Ecopetrol S.A.

BOGOTÁ, Colombia, June 28, 2018 /PRNewswire/ -- Ecopetrol S.A (BVC: ECOPETROL; NYSE: EC) reports that its Board of Directors has unanimously authorized Company Director Dr. Héctor Manosalva Rojas to sell 49,380 of his shares in Ecopetrol S.A. This transaction was authorized under Article 404 of the Colombian Commercial Code [Código de Comercio].

This release contains statements that may be considered forward looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. All forward-looking statements, whether made in this release or in future filings or press releases or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend, and do not assume any obligation to update these forward-looking statements.

For further information contact:

Capital Markets Manager
María Catalina Escobar
Telephone: +571-234-5190
Email: investors@ecopetrol.com.co

Media Relations (Colombia)
Jorge Mauricio Tellez
Telephone: + 571-234-4329
Email: mauricio.tellez@ecopetrol.com.co 

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SOURCE Ecopetrol S.A.