Ecopetrol Reschedules Release Date of 4th Quarter 2008 Results for February 17

February 9, 2009

BOGOTA, Colombia, Feb. 9 /PRNewswire-FirstCall/ — Ecopetrol announced
that it has rescheduled its fourth quarter and full year 2008 earnings release
to after the close of markets on Tuesday, February 17. The postponement is due
to a delay in the final reconciliation of some non operating expense items,
which at the end the Company does not expect to have a significant impact on
its financial results.

The Company will host conference calls on Wednesday, February 18 in
Spanish at 8am and in English at 10am. These calls can be accessed through a
live webcast that will be available on the Company’s website
www.ecopetrol.com.co .

Ecopetrol is Colombia’s largest integrated oil company and is among the
top 40 oil companies in the world and the four largest oil companies in Latin
. Besides Colombia, where it accounts for 60% of total production, the
Company is involved in exploration and production activities in Brazil, Peru
and the United States (Gulf of Mexico). Ecopetrol has the principal refinery
in Colombia, most of the network of oil and multiple purpose pipelines in the
country, and it is considerably increasing its participation in biofuels.

This release contains forward-looking statements relating to the prospects
of the business, estimates for operating and financial results, and those
related to growth prospects of Ecopetrol. These are merely projections and, as
such, are based exclusively on the expectations of management concerning the
future of the business and its continued access to capital to fund the
Company’s business plan. Such forward-looking statements depend,
substantially, on changes in market conditions, government regulations,
competitive pressures, the performance of the Colombian economy and the
industry, among other factors; therefore, they are subject to change without
prior notice.

    Contact us for any additional information:

    Investor Relations
    Alejandro Giraldo
    Phone: +571-234-5190
    Email: investors@ecopetrol.com.co

    Media (Colombia)
    Mauricio Tellez
    Phone: + 571-2345377
    Fax: +571-2344480
    Email: mtellez@ecopetrol.com.co

    Website: www.ecopetrol.com.co

SOURCE Ecopetrol

Source: newswire

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