Ecopetrol S.A. informed that, through Resolution 1671 of June 14, 2024, the Ministry of Finance and Public Credit ("MHCP") authorized Ecopetrol to execute a loan agreement for up to one trillion Colombian pesos (COP). The loan is expected to be executed with Banco de Bogotá S.A. (COP 642 billion), Banco de Occidente S.A. (COP 208 billion) and Banco Popular S.A. (COP 150 billion), as lenders. The term of the loan is expected to be seven (7) years, with a grace period of two (2) years from the date of the first disbursement.

The amortization is expected to be made in ten (10) equal semi-annual installments once the grace period is over and the interest rate is expected to be indexed to the IBR in the terms previously agreed with the banks. Aligned with the 2024 financing plan and maintaining the gross debt/EBITDA target for the year, the resources of this operation will be used for non-investment expenses, including the payment of existing financial commitments. To obtain authorization for the loan, the Company complied with all the required internal procedures and approvals.

The conditions obtained for this agreement ratify the support and confidence of the financial sector in the Ecopetrol Group's strategy.