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Investor Presentaiton

1 New avenues for growth in the energy value chain Ecopetrol's strategic investment in ISA ecoPETROL GROUP isa CONEXIONES QUE INSPIRAN Acquisition of 51.4% of ISA August 20th, 2021 isa CONEXIONES QUE INSPIRAN ecoPETROL Electric Power Transmission GROUP Transaction size: US$3.67 BN (1) Transformational step in the development of the strategy of energy transition, decarbonization and diversification of the business Positions Ecopetrol as a key player in the electricity business, with prospects for future growth Transmission networks will play a key role in the energy transition in LatAm through the integration of renewables and by improving the systems' reliability Sustainable growth: new avenues of organic and inorganic growth in LatAm The creation of the Electric Power Transmission and Toll Roads Business segment generated: 7 power transmission projects, 1 battery project, and 76 expansions and reinforcements āœ“ A COP$1,375,715 MM increase in revenues from other services in 3Q'23 Operations in 6 countries in South and Central America Toll Roads Concessions 50 subsidiaries 11 joint ventures 1 associate ? Telecom Acquisition Loan Refinancing (2) As of March 31st, 2023, Ecopetrol had refinanced 100% (US$3.67 BN) of the Acquisition Loan used to acquire ISA, via: US$2.0 BN USD Bond issuance + October 2021 US$1.2 BN USD Loan September 2022 US$472 MM US$2.0 BN Bond issuance January 2023(3) Source: 2022 20-F form, Prospectus Supplement (1) US$ converted using an FX rate of 3,876.08 COP/US$ as of 8/20/2021 (2) Figures based on Capitalization information from the Preliminary Prospectus Supplement (3) Only US$472mm of the total 2033 bond proceeds were used to repay the outstanding loan balance
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