Fondul Proprietatea

Major Shareholding Notification • Jun 15, 2020

To: Bucharest Stock Exchange Financial Supervisory Authority London Stock Exchange

Current report according to the provisions of Article 99 of the Code of the Bucharest Stock Exchange, Title II, Issuers and Financial Instruments

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Important events to be reported:

Shareholding structure and total number of voting rights as at 10 June 2020 - "Registration Date" for the payment of the dividends related to the 2019 financial year

The shareholding structure and total number of voting rights at the level of Fondul Proprietatea S.A. as at 10 June 2020 - considered as "Registration Date" for the payment of the dividends related to the 2019 financial year, in gross value of RON 0.0642 per share, as approved by the Fund's Ordinary General Shareholders Meeting Resolution no. 3 / 28 April 2020, as received from Depozitarul Central SA, was as follows:

Shareholder Type	% of subscribed share capital	% of paid– up share capital	% of total voting rights
Romanian institutional shareholders	28.81	30.26	33.70
The Bank of New York Mellon (depository bank for Global Depository Receipts)	23.65	24.84	27.66
Romanian private individuals	17.30	18.17	20.24
Foreign institutional shareholders	12.85	13.49	15.02
Foreign private individuals	2.80	2.94	3.28
Ministry of Public Finance	4.87	0.09	0.10
Treasury Shares	9.72	10.21	0
Total	100	100	100

The total number of shareholders: 7,435

The total number of voting rights was 6,510,364,222

Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch acting as Investment Manager of FONDUL PROPRIETATEA S.A.

Johan MEYER Legal Representative Report date: 15 June 2020 Name of the issuing entity: Fondul Proprietatea S.A.

Registered office: 78-80 Buzesti Street 7th floor, district 1, Bucharest, 011017 Phone/fax number: Tel.: + 40 21 200 9600 Fax: + 40 21 200 9631 Email: office@fondulproprietatea.ro Internet: www.fondulproprietatea.ro Sole Registration Code with the Trade Register Office: 18253260 Order number in the Trade Register: J40/21901/2005 Subscribed share capital: RON 3,959,264,762.44 Paid-up share capital: RON 3,770,082,340.44 Number of shares in issue: 7,613,970,697 Number of paid shares: 7,250,158,347 Regulated market on which the issued securities are traded: Shares on Bucharest Stock Exchange

GDRs on London Stock Exchange

__________________________________________________________________________________________________________________________________________________________________________ FONDUL PROPRIETATEA S.A., an alternative investment fund • Headquarters at: 78-80 Buzesti Street, 7th floor, Bucharest 1st district, postal code 011017, Romania. • Fiscal Identification Code (CIF): 18253260, registered with the Trade Registry under no: J40/21901/2005 • Subscribed share capital RON 3,959,264,762.44, Paid-up Share Capital: RON 3,770,082,340.44 • Tel.: + 40 21 200 9600; Fax: +40 21 200 9631; Email: office@fondulproprietatea.ro; Internet: www.fondulproprietatea.ro