GENERAL SHAREHOLDERS' MEETING OF ECOPETROL S.A.

Rhea-AI Summary

Ecopetrol (EC) summons shareholders to its General Shareholders' Meeting on March 27, 2026 at 9:00 a.m. at Corferias, Bogota. The agenda includes Corporate Governance and 2025 Integrated Management reports, audited 2025 financial statements, profit distribution, and a proposed merger with Parque Solar Portón del Sol S.A.S.

The Meeting will be held in person and streamed live, voting is planned to be electronic, inspection rights begin March 5, 2026, and proxy representation details and contact emails are provided.

Key Figures

AGM date: March 27, 2026 AGM start time: 9:00 a.m. Doors open time: 7:00 a.m. +5 more

8 metrics

AGM date March 27, 2026 General Shareholders' Meeting in Bogota

AGM start time 9:00 a.m. Scheduled start time at Corferias venue

Doors open time 7:00 a.m. Corferias doors and registration opening

Inspection start date March 5, 2026 Shareholders’ right of inspection over books and documents

Current price $12.58 Price before AGM notice, up 4.31% over 24h

52-week range $7.795–$13.27 Price stood 5.2% below 52-week high

Market cap $24,793,366,904 Equity value prior to AGM announcement

200-day MA $9.61 Share price trading above long-term moving average

Market Reality Check

Price: $12.58 Vol: Volume 3,789,935 vs 3,131...

normal vol

$12.58 Last Close

Volume Volume 3,789,935 vs 3,131,252 20-day average (relative volume 1.21x). normal

Technical Price 12.58 is trading above the 200-day MA at 9.61, and about 5.2% below the 52-week high of 13.27.

Peers on Argus

EC gained 4.31% with multiple integrated energy peers also positive: CVE +1.72%,...

EC gained 4.31% with multiple integrated energy peers also positive: CVE +1.72%, YPF +2.86%, IMO +0.91%, SU +0.71%, PBR +1.16%, suggesting a supportive sector backdrop rather than company-specific weakness.

Historical Context

5 past events · Latest: Feb 18 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 18	Earnings schedule	Neutral	+0.9%	Announced dates for Q4 and full-year 2025 results and conference call.
Feb 05	Board election	Positive	+4.3%	Extraordinary Meeting approved new Board of Directors for 2025–2029 term.
Jan 30	Governance report	Neutral	-2.1%	Filed 2025 Corporate Governance Best Practices Implementation Report – Código País.
Jan 30	Board nomination	Neutral	-1.6%	Minority shareholders nominated a candidate for ninth director on government slate.
Jan 23	Tax assessment	Negative	+1.4%	DIAN confirmed VAT and penalty assessment totaling COP 5.3 trillion plus interest.

Pattern Detected

Recent governance and tax headlines have produced mixed reactions, with one clear alignment on positive board-election news and a divergence where shares rose despite adverse VAT developments.

Recent Company History

Over the last month, Ecopetrol has focused on governance, shareholder meetings, and a major tax dispute. A Feb 5, 2026 Extraordinary Shareholders’ Meeting elected the Board for 2025–2029, and governance reports were filed on Jan 30, 2026. On Jan 23, 2026, DIAN confirmed a VAT and penalty assessment of COP 5.3 trillion. Today’s AGM call fits into this sequence of corporate governance and shareholder-related actions following board renewal and regulatory developments.

Market Pulse Summary

This announcement sets the timetable and agenda for Ecopetrol’s March 27, 2026 General Shareholders’...

Analysis

This announcement sets the timetable and agenda for Ecopetrol’s March 27, 2026 General Shareholders’ Meeting, where 2025 results, profit distribution, and a merger with Parque Solar Portón del Sol S.A.S. will be reviewed. It follows recent governance actions, including a new Board election and the filing of corporate governance reports, as well as DIAN’s COP 5.3 trillion VAT assessment. Investors may watch the profit distribution proposal, merger approval, and any updates surrounding tax proceedings.

Key Terms

general shareholders' meeting, independent auditor, commercial code, proxy

4 terms

general shareholders' meeting regulatory

"hereby summons all shareholders to the General Shareholders' Meeting (the "Meeting")"

A general shareholders' meeting is a formal gathering of a company’s owners (shareholders) where management and the board report on performance, present proposals, elect directors and ask shareholders to approve key decisions. For investors it’s the main chance to ask questions, vote on pay, strategy or major transactions and influence corporate governance—like a town hall where owners decide how their investment is run; outcomes can change confidence in the company and affect the stock price.

independent auditor regulatory

"Reading of the Independent Auditor's opinion"

An independent auditor is an outside, qualified accounting professional or firm that examines a company's financial records and controls to determine whether its financial statements are accurate and prepared according to accepted accounting rules. Like a neutral referee or home inspector, the auditor issues a report that gives investors confidence (or raises red flags) about the reliability of the numbers, which affects assessments of risk, valuation and investment decisions.

commercial code regulatory

"documents referred to in Articles 446 and 447 of the Commercial Code"

A commercial code is a set of laws or rules that govern business transactions—how contracts are made, sales are completed, loans are secured by assets, and payments or claims are enforced. For investors it matters because these rules determine how reliably agreements can be enforced, who gets paid first if a company fails, and how easily assets can be used as collateral; think of it like traffic rules for money and goods that reduce uncertainty and protect rights.

proxy financial

"Shareholders who are unable to attend the Meeting may be represented by proxy."

A proxy is the authorization a shareholder gives to another person or document to cast votes on their behalf at a company meeting. Think of it like handing someone your voting ticket so they can represent your choices on board elections, executive pay, mergers and other big decisions; it matters because proxies determine who controls the company and which proposals pass, directly affecting share value and investor returns.

AI-generated analysis. Not financial advice.

BOGOTA, Colombia, Feb. 19, 2026 /PRNewswire/ -- The Chief Executive Officer of Ecopetrol S.A. ("Ecopetrol") hereby summons all shareholders to the General Shareholders' Meeting (the "Meeting") to be held on Friday, March 27, 2026, starting at 9:00 a.m., at Centro Internacional de Negocios y Exposiciones (Corferias), located on Carrera 37 No. 24 - 67 in Bogota, D.C.

The agenda for the Meeting is expected to be the following:

1. Safety guidelines
2. Quorum verification
3. Opening of the Meeting by the Chief Executive Officer of Ecopetrol
4. Approval of the agenda
5. Appointment of the chairperson presiding over the Meeting
6. Appointment of the commission responsible for scrutiny and counting of the votes
7. Appointment of the commission responsible for the revision and approval of the minutes of the Meeting
8. Presentation and review of the board of directors' Corporate Governance Report
9. Presentation and review of the 2025 Integrated Management Report
10. Presentation and review of the audited individual and consolidated financial statements as of December 31, 2025
11. Reading of the Independent Auditor's opinion
12. Approval of the board of directors' Corporate Governance Report
13. Approval of the 2025 Integrated Management Report
14. Approval of the audited individual and consolidated financial statements
15. Presentation and approval of the planned profit distribution for Ecopetrol's shareholders
16. Review and approval of the merger and the merger agreement to be entered into by and between Ecopetrol (as surviving company), and Parque Solar Portón del Sol S.A.S. (as absorbed company)
17. Interventions and miscellaneous

The meeting is planned to be held in person and also is also planned to be streamed live on Ecopetrol's website.

The voting process is expected to be conducted electronically. Shareholders are requested to attend the Meeting with their smart mobile device. If a shareholder does not have access to a [device with the required technical specifications][smart mobile device], the company plans to provide an alternative mechanism to enable voting by shareholders.

Beginning on March 5, 2026, shareholders may exercise the right of inspection over Ecopetrol's books and other documents referred to in Articles 446 and 447 of the Commercial Code. Shareholders, their proxies and/or their representatives may request an in-person appointment by emailing derechodeinspeccion2026@ecopetrol.com.co, at least one business day prior to the intended inspection date, in accordance with applicable regulations (available at www.ecopetrol.com.co/asamblea-2026). The aforementioned email address is intended solely and exclusively for scheduling the in-person appointment. Any other concerns or requests must be sent to accionistas@ecoptrol.com.co.

Pursuant to Article 13 of Law 222 of 1995, we inform shareholders that the merger proposal referred to in item 16 of the agenda is expected to be made available at the Ecopetrol's main domicile, within the legally required time frame. Likewise, we further inform shareholders that said merger does not impose any greater liability upon them nor does it entail any impairment of their economic rights. Therefore, withdrawal rights have not been triggered. Notwithstanding the foregoing, absent or dissenting shareholders who consider that such grounds exist may submit their objection to the merger in accordance with Article 14 of Law 222 of 1995

Shareholders who are unable to attend the Meeting may be represented by proxy. Proxies must meet the requirements established in Article 184 of the Commercial Code. Proxy templates in Spanish and English can be downloaded from the website at www.ecopetrol.com.co/asamblea-2026.eng

For purposes of shareholder representation, the provisions of Legal Circular 006 of 2025 regarding the illegal, unauthorized and unsafe practices by securities issuers shall apply.

Except in cases of legal representation via proxy, Ecopetrol's managers and employees may not represent shares other than their own while they are employed by Ecopetrol. They may also not act as substitute attorneys-in fact. Additionally, they may not vote on the Company's financial statements.

RICARDO ROA BARRAGÁN
Chief Executive Officer

RECOMMENDATIONS

• If an individual is acting as a proxy representative, the corresponding proxy form must be submitted in its physical form at registration along with any additional documentation required. Certificates of incorporation and legal representation of the companies must have an issuance date not exceeding one month.
• To avoid overcrowding, guarantee the adequate participation of all shareholders, the doors of Corferias and registration points will open as of 7:00 a.m.
• To expedite the registration process and ensure appropriate participation at the
• If you experience symptoms of acute respiratory infection (cough, fever, sore throat, muscle pain), we recommend that you refrain from attending the Meeting and instead follow it live via streaming. If you choose to attend, please wear a face mask during the Meeting.
• Shareholders are invited to update their personal information through the Shareholder Service Office´s mailbox and/or phone number and/or the Shareholder portal available on Ecopetrol´s website.
• Meeting, in the case of individuals representing as proxy multiple shareholders, it is suggested a proxy representative is only responsible for at most 50 proxy forms.
• Only one helper per shareholder requiring additional assistance will be allowed entry.
• Only one kit will be provided per shareholder or proxy, regardless of the number of people they represent. The substitution or revocation of the power of attorney will not entitle the delivery of a new kit.
• Publicity material or any other type of material that might hamper the normal course of the meeting will not be allowed in the facility and their distribution is strictly prohibited.

ADDITIONAL INFORMATION IS AVAILABLE AT:
Shareholder Services Office
Telephone Bogotá: +(57) 601307 70 75; rest of the country: +(57) 01 8000 113434 
Email: accionistas@ecopetrol.com.co
www.ecopetrol.com.co/asamblea-2026

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SOURCE Ecopetrol S.A.

FAQ

When and where will Ecopetrol's (EC) General Shareholders' Meeting take place?

The Meeting will be held on March 27, 2026 at 9:00 a.m. in Bogota. According to Ecopetrol, it will take place at Corferias (Centro Internacional de Negocios y Exposiciones), Carrera 37 No. 24 - 67, and will also be streamed live on the company website.

What key items are on the agenda for Ecopetrol's (EC) March 27, 2026 meeting?

Agenda items include approval of 2025 reports and audited financial statements, profit distribution, and a merger proposal. According to Ecopetrol, the board governance and 2025 Integrated Management Report will be presented and subject to shareholder approval.

What are the voting and streaming arrangements for Ecopetrol's (EC) shareholder meeting?

Voting is expected to be conducted electronically and the meeting will be streamed live. According to Ecopetrol, shareholders should bring a smart mobile device; alternatives will be provided for those without required technical devices to enable electronic voting.

How can shareholders inspect Ecopetrol (EC) books and documents before the meeting?

Shareholders may exercise inspection rights beginning March 5, 2026 with an in-person appointment. According to Ecopetrol, appointments must be requested via derechodeinspeccion2026@ecopetrol.com.co at least one business day prior, per Articles 446 and 447 of the Commercial Code.

What does the proposed merger with Parque Solar Portón del Sol S.A.S. mean for Ecopetrol (EC) shareholders?

The company indicates the merger does not increase shareholder liabilities nor impair economic rights, so withdrawal rights are not triggered. According to Ecopetrol, dissenting shareholders may still submit objections under Article 14 of Law 222 of 1995 if they believe grounds exist.

How can shareholders appoint proxies for Ecopetrol's (EC) March 27, 2026 meeting?

Shareholders may be represented by proxy meeting Commercial Code requirements and must submit physical proxy forms at registration. According to Ecopetrol, proxy templates in Spanish and English are available at www.ecopetrol.com.co/asamblea-2026 and legal documentation must be recent.