Fondul Proprietatea

Transaction in Own Shares • Nov 14, 2022

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 7 – 11 November 2022:

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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)
7 November 2022	1.8177	18.1000	389,988	677	708,881.19	12,253.70
8 November 2022	1.8491	18.4000	387,160	1,016	715,897.56	18,694.40
9 November 2022	1.8513	18.8000	389,759	1,210	721,560.84	22,748.00
10 November 2022	1.8516	18.8000	372,329	1,277	689,404.38	24,007.60
11 November 2022	1.8845	19.5000	381,876	1,672	719,645.32	32,604.00
Number of shares and GDRs bought-back and total value of transactions performed during the reporting period		1,921,112 shares	5,852 GDRs (representing 292,600 shares)	3,555,389.29 RON total value of the shares	110,307.70 USD total value of the GDRs acquisition 541,687.98 RON

__________________________________________________________________________________________________________________________________________________________ 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 and paid-up share capital RON 3,233,269,110.76 • Tel.: + 40 21 200 9600; Fax: +40 316 300 048; Email: office@fondulproprietatea.ro; Internet: www.fondulproprietatea.ro

			acquisition	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 2022	415,348,737 shares	1,690,799 GDRs (representing 84,539,950 shares)	878,095,393.81 RON total value of the shares acquisition	38,132,883.28 USD total value of the GDRs acquisition 179,787,516.29 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 programme1 as of within the 2022 buy-back the date of this notification	300,111,313 shares

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* 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

__________________________________________________________________________________________________________________________________________________________ ¹ As per the Fund's Extraordinary General Shareholders Meeting Resolution no. 5 of 15 December 2021, published in the Official Gazette of Romania, Part IV, no. 5314/30 December 2021, the 2022 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 2022 buyback programme is until 31 December 2022. 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 and paid-up share capital RON 3,233,269,110.76 • Tel.: + 40 21 200 9600; Fax: +40 316 300 048; Email: office@fondulproprietatea.ro; Internet: www.fondulproprietatea.ro