OREANDA-NEWS. Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC; TSX: ECP) announces that the General Shareholders' Meeting held today approved an ordinary dividend of two hundred twenty-seven pesos (COPUSD 227) per share and an extraordinary dividend of thirty-three pesos (COPUSD 33) per share, for a total dividend of two hundred and sixty pesos (COPUSD 260) per share.

The General Shareholders' Meeting approved a lump sum payment of the total dividend to minority shareholders beginning on April 28, 2014. The total amount to be paid to minority shareholders is COPUSD 1,230,297,026,089.

The dividend payable to the Colombia Nation will be paid as follows:

Dividends to the Nation

Payment Due

COPUSD

First Installment

16-jul-14

1,000,000,000,000

Second Installment

11-aug-14

1,690,000,000,000

Third Installment

08-sep-14

1,690,000,000,000

Fourth Installment

08-oct-14

1,690,000,000,000

Fifth Installment

10-nov-14

1,690,000,000,000

Sixth Installment

Between December 9, 2014 and January 9, 2015

570,000,000,000

Seventh Installment

Between December 15, 2014 and January 15, 2015

570,000,000,000

Eight Installment

Between December 22, 2014 and January 22, 2015

560,044,572,471

Total

9,460,044,572,471

Pursuant to the current Colombian regulation, the dividend will be paid to shareholders who are registered as holders of shares as of five trading days before the date of the respective payment.