Fondul Proprietatea

Transaction in Own Shares • Oct 19, 2020

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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 12 October – 16 October 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)
12 October 2020	1.3149	15.600	983,144	140	1,292,736.05	2,184.00
13 October 2020	1.3090	15.600	946,671	10,140	1,239,192.34	158,184.00
14 October 2020	1.3194	-	932,753	-	1,230,674.31	-
15 October 2020	1.3102	15.600	928,883	12,068	1,217,022.51	188,260.80
16 October 2020	1.3205	-	913,504	-	1,206,282.03	-

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 3,749,282,292.08 RON, Paid-up share capital RON 3,560,099,870.08 • Tel.: + 40 21 200 9600; Fax: +40 21 200 9631; Email: office@fondulproprietatea.ro; Internet: www.fondulproprietatea.ro

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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)
Number of shares and GDRs bought-back during the reporting period			4,704,955 shares	22,348 GDRs (representing 1,117,400 shares)	-	-
Total value performed in the reporting period	of the	transactions	-	-	6,185,907.24 RON total value of the shares acquisition	348,628.80 USD total value of the GDRs acquisition 1,444,687.37 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 bought-back transactions performed	and total	value of during 2020	453,706,887 shares	3,585,088 GDRs (representing 179,254,400 shares)	594,387,060.58 RON total value of the shares acquisition	57,155,406.79 USD total value of the GDRs acquisition 241,603,647.32 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 repurchased within the eleventh buy-back programme1 as of the date of this notification			167,038,713 shares

* 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.

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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 3,749,282,292.08 RON, Paid-up share capital RON 3,560,099,870.08 • Tel.: + 40 21 200 9600; Fax: +40 21 200 9631; Email: office@fondulproprietatea.ro; Internet: www.fondulproprietatea.ro

Johan MEYER - Legal Representative

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 3,749,282,292.08 RON, Paid-up share capital RON 3,560,099,870.08 • Tel.: + 40 21 200 9600; Fax: +40 21 200 9631; Email: office@fondulproprietatea.ro; Internet: www.fondulproprietatea.ro

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