The Republic of Ecuador Announces an Invitation for Offers to Tender for Cash Its 2020 Notes (2)

Lucid Issuer Services Limited Tankerton Works 12 Argyle Walk London WC1H 8HA United Kingdom Attention: Arlind Bytyqi and Thomas Choquet E-mail: ecuador@lucid-is.com Tel: +44 20 7704 0880

Any questions regarding procedures for tendering Old Notes or requests for copies of the Invitation should be directed to the Information and Tender Agent at the telephone number above. Holders may also contact the Dealer Managers at their telephone numbers set forth below or its broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Invitation.

The Dealer Managers for the Invitation are:

Citigroup Global Markets Inc. Deutsche Bank Securities Inc. J.P. Morgan Securities LLC 388 Greenwich St, 7th Floor 60 Wall Street 383 Madison Avenue New York, New York 10005 New York, NY 10179 New York, NY Attention: Liability Management Attention: Latin America Debt 10013 Group Capital Markets Attention: Liability Management Group Collect: +1-212-250-2955 Collect: +1-212-834-7279 Collect: U.S. Toll-free: +1-866-627- U.S. Toll-free: +1-866- +1-212-723-6106 0391 846-2874 U.S. Toll-free: +1-800-558- 3745