Exhibit 99.1
Annual General Shareholders’ Meeting
The Chief Executive Officer of Ecopetrol S.A. hereby calls on Shareholders to attend the Annual General Shareholders’ Meeting to be held on Friday, March 23, 2018, starting at 9 a.m., at the International Center of Business and Exhibitions (Centro Internacional de Negocios y Exposiciones, Corferias) located at Carrera 37 No. 24 – 67 in Bogotá, Colombia.
The agenda for the meeting will be:
| 3. | Opening by the Chief Executive Officer |
| 5. | Appointment of the President presiding Shareholders Meeting |
| 6. | Appointment of the Commission responsible of scrutinizing elections and polling |
| 7. | Appointment of the Commission responsible of reviewing and approving the minutes of the meeting |
| 8. | Presentation of the report concerning the Board of Directors’ activities, the Board’s evaluation of the Chief Executive Officer’s performance, as well as the company’s compliance with the Corporate Governance Code |
| 9. | Presentation of 2017 performance report by the Board of Directors and by the Chief Executive Officer |
| 10. | Review and consideration of financial statements and consolidated financial statements as of December 31, 2017 |
| 11. | Review of the External Auditor’s Report |
| 12. | Approval of reports presented by management and the External Auditor and approval of Financial Statements |
| 13. | Approval of proposal for dividend distribution |
| 14. | Election of the External Auditor and assignment of his remuneration |
| 15. | Election of the Board of Directors |
| 16. | Approval of amendments to the Bylaws |
| 17. | Propositions and miscellaneous |
As from March 1, 2018, the shareholders may exercise the right to inspect the books and documents referred to in Articles 446 and 447 of the Colombian Code of Commerce. This information may be consulted at the Company’s main offices (Cra. 7 No. 37-69 Bogota, Office of Citizens Participation), in a time schedule from 7:30 a.m. to 4:00 p.m. The Sustainable Integrated Management Report may be consulted on Ecopetrol´s web site.
The résumés of the candidates for the Board of Directors and for the External Auditor are available to the shareholders on Ecopetrol´s Web site.
Shareholders that cannot attend the Shareholders´ Meeting may be represented through a proxy, granted in writing that shall meet the requirements established in Article 184 of the Colombian Code of Commerce. Shareholders may download from the web site the proxy models that may be used.
Except for cases of legal representation, officers and employees of Ecopetrol S.A. shall not be entitled to represent shares, other than their own, while in exercise of their posts, nor shall they be allowed to substitute the powers of attorney conferred upon them. Nor will they be able to vote on the financial statements.
In all cases, shareholders´ representation shall be subject to the established in Resolution 116 of 2002, concerning illegal, unauthorized and unsafe practices by the issuers of securities.
FELIPE BAYÓN PARDO
Chief Executive Officer
The meeting will be broadcasted live on Ecopetrol´s web site.
RECOMMENDATIONS:
| · | Have your identity document at hand, and, if you are representing other shares, the respective proxy. |
| · | To avoid blockings and ensure proper participation of shareholders, the doors of Corferias and the registration stands will be open from 7:00 a.m. onwards. |
| · | Entry of accompanying persons will be allowed only for physically handicapped shareholders, elderly adults and minors. |
| · | It is recalled that the admission to the Assembly or the distribution during the same of advertisements, flyers, bulletins and any other material that could affect the normal development of the Assembly are not allowed. Neither the admission nor distribution of advertising elements, banners, pamphlets and any type of propaganda material are allowed. |
For further information
Shareholder Office, Calle 81 No. 19a-18, Building Country 2nd floor
Bogotá telephone: 307 70 75; National line: 01 8000 113434
E-mail:accionistas@ecopetrol.com.co
www.ecopetrol.com.co
