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Press release from CNW Group

Ecopetrol S.A. Announces Eximbank-guaranteed Credit Facility

Tuesday, March 26, 2013

Ecopetrol S.A. Announces Eximbank-guaranteed Credit Facility19:46 EDT Tuesday, March 26, 2013BOGOTA, March 26, 2013 /CNW/ - Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC; TSX: ECP) reports that on March 22, 2013, it entered into a credit facility guaranteed by the US EximBank that was being structured since the end of 2009. The four international lender banks are JPMorgan Chase Bank, N.A., The Bank of Tokyo-Mitsubishi UFJ LTD, Mizuho Corporate Bank, ltd. and Citibank N.A.(Logo: http://photos.prnewswire.com/prnh/20090209/ARM001LOGO )The facility consists of two parts, whose terms are governed by: (i) A Facility Agreement for US$420,442,800, amortized over 7 years at a rate of LIBOR + 0.65; and (ii) a Credit Agreement for US$426,616,323, amortized over 10 years at a rate of Libor + 0.90. The funds can only be disbursed abroad and used exclusively to pay for goods and services purchased from U.S. providers. Therefore, none of the foreign currency disbursed pursuant to these facilities will be entering in Colombia. Ecopetrol has not yet drawn on either of these facilities.Prior to the closing, Ecopetrol S.A. had previously complied with all of the procedures and approvals required by pertinent governmental entities.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.coSOURCE: Ecopetrol S.A.For further information: http://www.ecopetrol.com.cohttp://photos.prnewswire.com/prnh/20090209/ARM001LOGO