Ecopetrol S.A. ("Ecopetrol" or the "Company") ((BVC: ECOPETROL, NYSE:EC) announces that, on August 5, 2026, its Brazilian subsidiary, Ecopetrol Investimentos do Brasil Ltda. ("Ecopetrol Brasil"), successfully completed the auction process for the voluntary tender offer (Oferta Pública de Aquisição Voluntária, or "OPAV") conducted through the B3 S.A. – Brasil, Bolsa, Balcão securities exchange in Brazil for the acquisition of 116,110,717 common shares of Brava Energia S.A. (B3: BRAV3) ("Brava"), representing approximately 25% of Brava's issued and outstanding share capital, at a price of R$23.00 per share (the "OPAV Shares"). The completion of the auction followed the satisfaction of all applicable regulatory requirements and conditions precedent to the OPAV.

The transaction attracted strong market demand, resulting in a favorable outcome consistent with the terms initially offered.

The Company continues to take the actions required to (i) settle and pay for the OPAV Shares on August 17, 2026 (the "Settlement Date") and (ii) consummate, on the Settlement Date, the share purchase agreement entered into on April 23, 2026 with a group of shareholders of Brava holding, in the aggregate, approximately 26% of Brava's share capital, in each case subject to the completion of all procedures required under the transaction agreements and applicable regulations.

The successful completion of the auction process represents a significant milestone in the transaction announced by the Company on April 23, 2026, pursuant to which Ecopetrol Brasil is expected to acquire a controlling interest representing approximately 51% of Brava's voting share capital (the "Transaction").

The Company expects to initially finance the Transaction through a short-term credit facility governed by the laws of the State of New York (the "Bridge Facility"), entered into on the date hereof by Ecopetrol Capital AG, a subsidiary of the Company organized under the laws of Switzerland which, in turn, will extend an intercompany loan to Ecopetrol Investimentos do Brasil LTDA. The Company anticipates refinancing the Bridge Facility through a combination of long-term debt and equity contributions, with the objective of maintaining a sustainable capital structure consistent with the Company's leverage targets and credit ratings.