Ecopetrol files its Form 20-F for the Fiscal Year 2016

BOGOTA, Colombia, May 31, 2017 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol") announced today the filing of its annual report under the Form 20-F for the fiscal year ended December 31, 2016 with the U.S. Securities and Exchange Commission (SEC).

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With the filing of its annual report under Form 20-F the Company complies with its reporting obligations with the U.S. Securities and Exchange Commission (SEC), the New York Stock Exchange (NYSE), the bondholders and lenders.

The joint effort of the Board of Directors, the auditors for 2014-2015 and for 2016, and Ecopetrol´s management, enabled the fulfillment of the respective due diligence to file the 20-F.

Investors may receive a hard copy of Ecopetrol's 20-F report free of charge by requesting a copy from the contact below:

Investor Relations Officer
Andrés Felipe Sánchez
Phone: +571-234-5190
E-mail: investors@ecopetrol.com.co

The 2016 annual report can be accessed by visiting the SEC's website at www.sec.gov or Ecopetrol's website at www.ecopetrol.com.co.

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This release contains statements that may be considered forward looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. All forward-looking statements, whether made in this release or in future filings or press releases or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend, and do not assume any obligation to update these forward-looking statements.

For further information, please contact:

Head of Corporate Finance and Investor Relations
María Catalina Escobar
Phone: (+571) 234 5190
E-mail: investors@ecopetrol.com.co

Media Relations (Colombia)
Jorge Mauricio Tellez
Phone: (+571) 234 4329
E-mail: mauricio.tellez@ecopetrol.com.co

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SOURCE Ecopetrol S.A.