Ecopetrol S.A.'s Board of Directors Approves Earnings Distribution Proposal For Fiscal Year 2012

Ecopetrol S.A.'s Board of Directors Approves Earnings Distribution Proposal 
For Fiscal Year 2012 
BOGOTA, Colombia, Feb. 25, 2013 /CNW/ - Ecopetrol S.A. (BVC: ECOPETROL; NYSE: 
EC; TSX: ECP) announces its earnings distribution proposal for 2012 that was 
approved by the company's Board of Directors and will be presented to the 
General Shareholders Assembly for its consideration on March 21, 2013. 
(Logo: ) 

    --  The plan calls for 70.02% of 2012 net earnings to be
        distributed as ordinary dividend, and an additional 9.89% of
        2012 net earnings as extraordinary dividend.
    --  The ordinary dividend would be COP$255.00 per share and the
        extraordinary dividend would be COP$36.00 per share.
    --  Total dividend per share would be COP$291.00.

The number of dividend payments will be decided by the Shareholders Assembly.

Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC; TSX: ECP) is the largest company in 
Colombia and an integrated oil company that is one of the 50 largest oil 
companies in the world and one of the four main oil companies in Latin 
America. Besides Colombia, where it accounts for 60% of production, Ecopetrol 
maintains exploration and production activities in Brazil, Peru and the United 
States (Gulf of Mexico). Ecopetrol owns the largest refinery in Colombia, most 
of the country's network of oil and multipurpose pipelines and is becoming 
increasingly involved in the biofuels business.

This news release contains statements related to the prospects of the 
business, estimates for operating and financial results, and the growth 
forecasts of Ecopetrol. These are projections, and, as such, are solely based 
on the expectations of management with regard to the company's future and its 
continued access to capital to finance the company's business plan. Such 
forward-looking estimates depend on changes in market conditions, government 
regulations, competitive pressures, performance of the Colombian economy and 
industry, among other factors; therefore, they are subject to change without 
prior notice.

For more information, please contact:

Director of Investor Relations  Alejandro Giraldo Telephone: +571-234-5190  
Fax: +571-234-5628  E-mail:

Media Relations (Colombia)  Jorge Mauricio Tellez Telephone:  +571-234-4329  
Fax: +571-234-4480  E-mail:

SOURCE: Ecopetrol S.A.

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CO: Ecopetrol S.A.

-0- Feb/25/2013 14:26 GMT

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