Investor Presentaiton

4 Disciplined financial management leads to competitive returns ecoPETROL Capital Discipline Portfolio transformation and changes in market conditions require us to adapt our capital discipline More flexible, agile and dynamic guidelines, leveraging growth in a profitable and sustainable manner Fuel Price Stabilization Fund (FEPC) balance (COP TN) FEPC settlement has strengthened our financial and liquidity position as it provides us with more flexibility to pursue our investment plan for 2024 and going forward 25.7 25.7 Before -5.2 8.0 Traditional O&G Now Energy Transition Solutions FEPC accounts receivables balance 2022 Dividends payable as of Sept. 30, 2023 -2.8 Dividends 2022 Cumulative additions FEPC Balance 3Q'23 (1) Dividend Distribution March 30th, 2023 Earnings Distribution Proposal Transmission Traditional O&G & Toll Roads Dividend Type Value Per Share Ordinary Dividend (According to dividend policy -60% of net income) Extraordinary Dividend COP 487 COP 106 Total Per Share COP 593 Source: 2022 20-F form, Form 1Q'23 6-K, Prospectus Supplement (1) Including 8.0 for the FEPC account receivables 2022 Total Distribution based on number of outstanding shares COP 24,382,200 MM Dividends to minority shareholders were paid in three equal installments; two of which took place on April 27, 2023, and September 28, 2023. The final dividend payment was made on December 21, 2023 During the nine-month period ended September 30, 2023, a total amount of COP 1,829,695 MM in cash dividends have been paid to shareholders, and a total amount of COP 16,415,907 MM due to the Government as dividends have been offset against the FEPC accounts receivable due to Ecopetrol by the Colombian Government. 14

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