Ecopetrol Adopts Measures To Guarantee The Adequate Representation Of Shareholders At The 2013 General Shareholders' Meeting

Ecopetrol Adopts Measures To Guarantee The Adequate Representation Of 
Shareholders At The 2013 General Shareholders' Meeting 
BOGOTA, Colombia, Feb. 25, 2013 /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 its shareholders at the 2013 General 
Shareholders' Meeting to be held on March 21, 2013 (the "Meeting"): 
1. Ordered the Company's management to inform shareholders of their 
 right to be represented at the 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 in any given way about any specific item.
  4. Instructed the Company's management to inform the Company's 


     managers and employees that they may not 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 that they may not 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 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. 
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 Meeting. 
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. 
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 
(Logo http://photos.prnewswire.com/prnh/20090209/ARM001LOGO ) 
http://www.ecopetrol.com.co 
http://photos.prnewswire.com/prnh/20090209/ARM001LOGO 
SOURCE: Ecopetrol S.A. 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/February2013/25/c8139.html 
CO: Ecopetrol S.A.
NI: OIL UTI FIN  
-0- Feb/25/2013 14:32 GMT
 
 
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