Fondul Proprietatea

Transaction in Own Shares • Jun 29, 2020

___________________________________________________________________________________________________

To: FINANCIAL SUPERVISORY AUTHORITY BUCHAREST STOCK EXCHANGE LONDON STOCK EXCHANGE

Re: Notification regarding the buy-back transactions

From: FONDUL PROPRIETATEA S.A.

Considering article 2 of Commission Delegated Regulation (EU) 2016/1052 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the conditions applicable to buy-back programmes and stabilisation measures, Article 5(3) of Regulation (EU) No 596/2014 on market abuse (market abuse regulation) and Article 26 (3) of Regulation (EU) No 600/2014 on markets in financial instruments, FONDUL PROPRIETATEA S.A. ("FP" / the "Fund"), represented by Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch, acting in its capacity as Investment Manager, hereby informs you in its capacity as Issuer on the following information regarding the transactions concluded during 22 – 26 June 2020:

a) Issuer's name (buyer) FONDUL PROPRIETATEA S.A. Bucharest Stock Exchange Symbol: FP London Stock Exchange Symbol: FP.

• AUERBACH GRAYSON

b) Brokers' names • SWISS CAPITAL S.A., and

c) Description of the acquired financial instruments and trading place

Ordinary shares issued by the Fund (ISIN ROFPTAACNOR5) listed and traded on the Bucharest Stock Exchange ("BVB"), and Global Depositary Receipts ("GDRs") (ISIN US34460G1067) corresponding to the Fund's shares listed and traded on the London Stock Exchange ("LSE")

d) Transaction's type Buy-back

e) Details with respect to the execution of the buy-back market orders Within the trading session

The details of the transactions carried out during the reporting period with respect to the shares and GDRs issued by Fondul Proprietatea SA for the purpose of the buy-back are described further below:

Date of the transaction	Weighted average price per share (RON)*	Weighted average price per GDR (USD)*	Volume of the transaction (no. of shares)	Volume of the transaction (no. of GDRs)	Value of the transaction with shares (RON)	Value of the transaction with GDRs (USD)
22 June 2020	1.2280	-	658,585	-	808,742.38	-
23 June 2020	1.2468	14.3000	1,010,704	17,103	1,260,145.75	244,572.90
24 June 2020	1.2474	-	1,014,723	-	1,265,765.47	-
25 June 2020	1.2393	14.000	1,007,449	5,334	1,248,531.55	74,676.00
26 June 2020	1.2520	-	954,587	-	1,195,142.92	-

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 RON, 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

__________________________________________________________________________________________________________________________________________________________

Date of the	Weighted	Weighted	Volume of	Volume of	Value of the	Value of the
transaction	average	average	the	the	transaction	transaction with
	price per	price per	transaction	transaction	with shares	GDRs (USD)
	share	GDR	(no. of	(no. of	(RON)
	(RON)*	(USD)*	shares)	GDRs)
	Number of shares and GDRs		4,646,048	22,437 GDRs	-	-
bought-back during the reporting period			shares	(representing
				1,121,850
				shares)
Total value of the transactions			-	-	5,778,328.07	319,248.90 USD
performed in the reporting period					RON total	total value of the
					value of the	GDRs
					shares acquisition	acquisition
						1,375,686.89
						RON estimated
						value of the
						equivalent shares
						of GDRs based
						on the exchange
						rate
						communicated
						by the National
						Bank of Romania
Total number of shares and GDRs			257,785,531	1,888,461	326,029,831.55	28,894,190.93
bought-back	and total	value of	shares	GDRs	RON total	USD total value
transactions performed		during 2020		(representing	value of the	of the GDRs
				94,423,050	shares	acquisition
				shares)	acquisition
						125,323,815.28
						RON estimated
						value of the
						equivalent shares
						of GDRs based
						on the exchange
						rate
						communicated
						by the National Bank of Romania
Number of shares left to be			447,791,419 shares
repurchased within the eleventh
buy-back programme1 as of the date
of this notification

* The weighted average price per security was rounded to 4-digits

Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch, in its capacity as Investment Manager of FONDUL PROPRIETATEA S.A.

Johan MEYER - Legal Representative

__________________________________________________________________________________________________________________________________________________________

¹ As per the Fund's Extraordinary General Shareholders Meeting Resolution no. 5 of 15 November 2019, published in the Official Gazette of Romania, Part IV, no. 5122/09.12.2019, the eleventh buyback programme refers to the acquisition by the Fund of a maximum number of 800,000,000 shares and/or equivalent global depository receipts corresponding to the Fund's shares ("GDRs"). The duration of the eleventh buyback programme is 1 January 2020 - 31 December 2020. The shares repurchased during this buyback programme will be cancelled.

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 RON, 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