OREANDA-NEWS. Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC; TSX: ECP) announces that the General Shareholders' Meeting held decided the composition of the Board of Directors:

Representatives from the Government of Colombia:

• Minister of Finance and Public Credit (currently Mr. Mauricio Cardenas)

• Minister of Mines and Energy (currently Mr. Amilkar Acosta)

• Director of the National Planning Department (currently Ms. Tatyana Orozco)

Independent representatives:

• Gonzalo Restrepo Lopez

• Joaquin Moreno Uribe

• Jorge Gabino Pinzon Sanchez

• Luis Fernando Ramírez Acuna

• Horacio Ferreira Rueda (representative from the hydrocarbons producing provinces)

• Roberto Steiner Sampedro (representative from the minority shareholders)

Ecopetrol is Colombia's largest integrated oil & gas company, where it accounts for 60% of total production. It is one of the top 50 oil companies in the world and the fourth largest oil company in Latin America. The Company is also involved in exploration and production activities in Brazil, Peru and the United States Gulf Coast, and owns the main refineries in Colombia, most of the network of oil and multiple purpose pipelines in the country, petrochemical plants, and is entering into the biofuels business.