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Ecopetrol Clarified Information Published by the Media Concerning Bond Issuances

BOGOTA, April 20 /PRNewswire-FirstCall/ -- As a result of information published by international media sources regarding the extension of the deadline to receive debt issuance offers, Ecopetrol S.A. (NYSE: EC; BVC: ECOPETROL) would like to clarify the following:


-- Ecopetrol does plan on issuing bonds in the capital markets in the year 2009. The amount and timing of the issuance(s) will be determined in accordance with market conditions.

-- Ecopetrol has not yet submitted a formal request for bond issuance offers. A market study is currently being conducted in order to determine the competence and experience of well-positioned firms in the capital markets.

-- In early 2009, the authorization procedure required for access to the capital markets was commenced. It is expected that the necessary authorizations will be issued within the time established under the regulations and will not cause any delay in the schedule.

    Contact us for any additional information:
    Investor Relations
    Alejandro Giraldo
    Phone: +571-234-5190

    Media Relations (Colombia)
    Mauricio Tellez
    Phone: + 571-234-5377
    Fax: +571-234-4480


SOURCE Ecopetrol S.A.

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