Fondul Proprietatea

Major Shareholding Notification • Dec 4, 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

Important events to be reported:

Shareholding structure and total number of voting rights as at 30 November 2020

The shareholding structure and total number of voting rights at the level of Fondul Proprietatea S.A. as at 31 November 2020, as received from Depozitarul Central S.A., was as follows:

Shareholder Type	% of subscribed share capital	% of paid–up share capital	% of total voting rights
Romanian institutional shareholders	31.78	33.47	36.88
The Bank of New York Mellon (depository bank for Global Depository Receipts) - out of which Fondul Proprietatea held 0 Global Depository Receipts (0 shares equivalent)	21.73	22.89	25.22
Romanian private individuals	17.78	18.72	20.63
Foreign institutional shareholders	11.81	12.43	13.70
Foreign private individuals	2.98	3.14	3.46
Ministry of Public Finance	5.14	0.10	0.11
Treasury Shares	8.78	9.25	0
Total	100	100	100

The total number of shareholders: 7,277 The total number of voting rights was 6,213,384,617

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

Johan MEYER Legal Representative Report date: 4 December 2020

Name of the issuing entity: Fondul Proprietatea S.A.

Registered office: 78-80 Buzesti Street 7 th 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 3,749,282,292.08

Paid-up share capital: RON 3,560,099,870.08

Number of shares in issue: 7,210,158,254

Number of paid shares: 6,846,345,904

Regulated market on which the issued securities are traded: Shares on Bucharest Stock Exchange

GDRs on London Stock Exchange