Ecopetrol S.A. Tender Offer for Brava Energia S.A.

Ecopetrol S.A., through its Brazilian subsidiary Ecopetrol Investimentos do Brasil LTDA, has launched a voluntary Tender Offer (TO) on Brazil’s B3 stock exchange to acquire approximately 25% of Brava Energia S.A.’s issued and outstanding shares. The offer price of R$23.00 per share represents a premium of approximately 20.9% over Brava’s 90-day VWAP. This TO is part of a larger transaction, announced on April 23, 2026, where Ecopetrol aims to acquire a 51% controlling voting interest in Brava. The TO is open until June 25, 2026, and is subject to regulatory approvals and other conditions. Ecopetrol expects the acquisition to be financed through a bridge loan and anticipates positive impacts on its reserves, production, EBITDA, and ROACE, while expanding its presence in Brazil and diversifying its asset base. The company also provided a general disclaimer regarding forward-looking statements and its business operations.