Ecopetrol Adopts Measures to Guarantee the Adequate Representation of Shareholders at the Extraordinary Shareholders' Meeting

Ecopetrol Adopts Measures to Guarantee the Adequate Representation of 
Shareholders at the Extraordinary Shareholders' Meeting 
BOGOTA, Colombia, Nov. 23, 2012 /CNW/ - In accordance with Resolution 116 of 
2002, the Board of Directors of Ecopetrol S.A. (NYSE: EC; BVC: ECOPETROL; TSX: 
ECP) ("Ecopetrol" or the "Company") approved the following measures to 
guarantee the adequate representation of the Shareholders at the Extraordinary 
General Shareholders' Meeting to be held on December 6, 2012 (the "Meeting"): 
1. Ordered the Company's management to inform shareholders of their 


     right to be represented at the General Shareholders' Meeting
     through a proxy and the legal requirements that those proxies must


 satisfy.
  2. Instructed the Company's employees to participate in reviewing 
 shareholder proxies and not to accept proxies that do not comply 
 with the requirements established by Colombian law.
  3. Instructed the Company's management to inform the Company's 
 managers and employees that they may not recommend to shareholders 
 that they vote on certain way about any specific item.
  4. Instructed the Company's management to inform the Company's 


     managers and employees not to suggest, coordinate, or agree with
     shareholders on the submission of shareholder proposals during the


 General Shareholders' Meeting.
  5. Instructed the Company's management to inform the Company's 


     managers and employees not to suggest, coordinate or agree with
     shareholders voting in favor or against any given shareholder


 proposal presented at the General Shareholders' Meeting.
  6. Instructed the Company's management to inform Shareholders that 
 they cannot grant proxies to persons who are directly, or 
 indirectly, part of the company's management.
  7. Instructed the Company's managers to adopt all measures necessary 
 to ensure that the Company's employees act in neutrally when 
 interacting with shareholders.
  8. Appointed the Secretary General of Ecopetrol as the person 
 responsible for verifying adequate compliance with these measures.
  9. Appointed the Legal Vice-Presidency as the internal division 
 responsible for reviewing shareholders' proxies. 
(Logo: http://photos.prnewswire.com/prnh/20090209/ARM001LOGO ) 
The measures listed above (adopted by the Board of Directors of Ecopetrol in 
order to ensure compliance with Resolution 116 of 2002) were made public to 
the general market by the Chairman of the Board of Directors (acting through 
the Superintendent for Issuers) prior to the General Shareholders' Meeting. 
Ecopetrol is Colombia's largest integrated oil & gas company, where it 
accounts for 60% of total production. It is one of the top 40 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. 
This release contains forward-looking statements relating to the prospects of 
the business, estimates for operating and financial results, and those related 
to growth prospects of Ecopetrol. These are merely projections and, as such, 
are based exclusively on the expectations of management concerning the future 
of the business and its continued access to capital to fund the Company's 
business plan. Such forward-looking statements depend, substantially, on 
changes in market conditions, government regulations, competitive pressures, 
the performance of the Colombian economy and the industry, among other 
factors; therefore, they are subject to change without prior notice. 
Contact us for any additional information: 
Investor Relations Alejandro Giraldo Phone: +571-234-5190 Email: 
investors@ecopetrol.com.co 
Media Relations (Colombia) Mauricio Tellez Phone: + 571-2345377 Fax: 
+571-2344480 Email: mtellez@ecopetrol.com.co 
Website: www.ecopetrol.com.co 
http://www.ecopetrol.com.co 
http://photos.prnewswire.com/prnh/20090209/ARM001LOGO 
SOURCE: Ecopetrol S.A. 
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CO: Ecopetrol S.A.
NI: OIL UTI  
-0- Nov/23/2012 14:47 GMT