Investor Presentaiton

Facing this new challenge COP 3.5 Tn OPEX Optimization COSTS AND EXPENSES FINANCING AND CASH US$ 3.1 Bn Financing REVENUE (COMMERCIAL) > US$ 130 M Commercial Strategy INVESTMENT PLAN US$ 2.5 3.0 Bn - CAPEX 2020 We exceeded previously announced efficiency targets We maintain investments in strategic projects Enhanced Oil Recovery Technologies Gas Opportunities Digital Transformation Renewable Energy De-carbonization roadmap Unconventional Integral Research Pilot Projects* * In unconventional reservoirs 8

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