Investor Presentaiton

Gas continues as strategic priority $ ~ 10% Upstream Income Demand contracted at fixed prices Lower self-consumption: due to lower throughput in refineries and closing of fields Force Majeure Q1 Vol. Results mboed 131 5.4% 138 1Q 19 1Q 20 Demand Protection: sector measures to mitigate impact on customers Materialize Upsides: commercial strategy to meet thermal power sector demand with surpluses Current Challenges Portfolio Hocol receives from Chevron Chuchupa and Ballena fields in La Guajira 31 mboed Total production potential Strategic progress in gas agenda Integrated vision Operational continuity assured in Invercolsa's integration process InverColsa The energy of the transition Investments Gas investment plan is maintained 14

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