Fondul Proprietatea

Transaction in Own Shares • Dec 27, 2021

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 International Services S.À R.L., in its capacity of alternative investment fund manager, hereby informs you in its capacity as Issuer on the following information regarding the transactions concluded during 20 - 24 December 2021:

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a) Issuer's name (buyer)	FONDUL PROPRIETATEA S.A.
	Bucharest Stock Exchange Symbol: FP
	London Stock Exchange Symbol: FP.
b) Brokers' names	• SWISS CAPITAL S.A., and
	• AUERBACH GRAYSON
c) Description of the acquired financial instruments and	Ordinary shares issued by the Fund (ISIN
trading place	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)
20 December 2021	1.8642	-	361,040	-	673,050.77	-
21 December 2021	1.8808	-	355,470	-	668,555.54	-
22 December 2021	1.8815	-	346,290	-	651,544.64	-
23 December 2021	1.9167	-	346,303	-	663,758.96	-
24 December 2021	-	-	-	-	-	-
Number of shares and GDRs bought-back during the reporting period			1,409,103 shares	0 GDRs (representing 0 shares)	-	-

FONDUL PROPRIETATEA S.A., an alternative investment fund • Headquarters at: 76-80 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 3,334,342,422.84 RON, Paid-up share capital RON 3,145,160,000.84 • Tel.: + 40 21 200 9600; Fax: +40 316 300 048; 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)
Total value of the transactions performed in the reporting period			-	-	2,656,909.91 RON total value of the shares acquisition	0 USD total value of the GDRs acquisition 0 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 and total value of transactions performed during 2021		143,807,761 shares	983,610 GDRs (representing 49,180,500 shares)	244,342,905.09 RON total value of the shares acquisition	19,776,054 USD total value of the GDRs acquisition 80,987,128.51 RON estimated value of the equivalent shares of GDRs based on the exchange rate communicated by the National Bank of Romania
Number of within the twelfth as of the date of this notification	shares left to be repurchased buy-back	programme1	607,011,739 shares

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

Franklin Templeton International Services S.À R.L., acting as Alternative Investment Fund Manager of FONDUL PROPRIETATEA S.A. Johan MEYER - Permanent Representative

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¹ As per the Fund's Extraordinary General Shareholders Meeting Resolution no. 5 of 13 November 2020, published in the Official Gazette of Romania, Part IV, no. 4233/02.12.2020, the twelfth 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 twelfth buyback programme is 1 January 2021 - 31 December 2021. The shares repurchased during this buyback programme will be cancelled.

FONDUL PROPRIETATEA S.A., an alternative investment fund • Headquarters at: 76-80 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 3,334,342,422.84 RON, Paid-up share capital RON 3,145,160,000.84 • Tel.: + 40 21 200 9600; Fax: +40 316 300 048; Email: office@fondulproprietatea.ro; Internet: www.fondulproprietatea.ro