Ms. Maria Hoyos reports

ECOPETROL NAMES NEW EXECUTIVE VICE-PRESIDENT AND CORPORATE INTERNAL AUDIT DIRECTOR

During the ordinary meeting on Nov. 20, 2015, Ecopetrol S.A.'s board of directors elected the engineer Felipe Bayon Pardo as the new executive vice-president of Ecopetrol.

Mr. Bayon graduated with a degree in mechanical engineering from the University of Los Andes in 1989 and has more than 24 years of experience in the oil and gas industry.

During the past 20 years, he has worked with British Petroleum (BP), most recently as the company's senior vice-president of BP America and director of the deepwater response group.

From 2005 to 2010, Mr. Bayon was BP's regional president for the Southern Cone in South America, overseeing Pan American Energy, a joint venture 60 per cent owned by BP, with operations in Argentina, Bolivia, Uruguay, Peru, Chile and southern Brazil. Until 2005, he worked at BP's head office as director of the BP exploration and production executive office.

His career with BP started in 1995 as a project engineer in Colombia, where he held several positions before being promoted to vice-president of BP Colombia operations. Prior to BP Colombia, Mr. Bayon worked at Hocol.

At the same board of directors meeting, Claudia Patricia Bastidas was elected as corporate internal audit director. Ms. Bastidas has a degree in accounting from Externado University in Colombia, with specialization in finance from the EAFIT-CESA University.

For the past six years, Ms. Bastidas has served as manager of internal audit and compliance manager at Carbones del Cerrejon.

Ms. Bastidas will be joining Ecopetrol on Dec. 1, 2015, and Mr. Bayon on Feb. 15, 2016.

We seek Safe Harbor.