Fondul Proprietatea

Transaction in Own Shares • Dec 11, 2023

To:	FINANCIAL SUPERVISORY AUTHORITY
	BUCHAREST STOCK EXCHANGE
	LONDON STOCK EXCHANGE
Re:	Notification	regarding	the	buy-back	transactions	performed	during	the	2023
	programme

___________________________________________________________________________________________________

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 9 October – 8 December 2023:

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 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)
6 December 2023	0.6319	-	1,560,550,300	-	986,111,734.57	-
7 December 2023	-	6.8551	-	2,188,994	-	15,005,772.77
Number of shares and GDRs bought back and total value of transactions performed during the reporting period			1,560,550,300 shares	2,188,994 GDRs (representing 109,449,700 shares)	986,111,734.57 RON total value of the	15,005,772.77 USD total value of the GDRs acquisition 69,070,071.48

__________________________________________________________________________________________________________________________________________________________ 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 2,947,779,186.56 • Tel.: + 40 21 200 9600; Fax: +40 316 300 048; Email: office@fondulproprietatea.ro; Internet: www.fondulproprietatea.ro

			shares	RON estimated
			acquisition	value of the
				equivalent shares
				of GDRs based
				on the exchange
				rate
				communicated
				by the National
				Bank of
				Romania
				66,567,753.21
	1,892,873,339 shares	4,390,111 GDRs (representing 219,505,550 shares)	1,511,122,059. 09 RON total value of the shares acquisition	USD total value
				of the GDRs
				acquisition
Total number of shares and GDRs				305,601,847.13 RON estimated
bought-back and total value of				value of the
transactions performed during 2023				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 2023 buy-back programme1	1,387,621,111 shares
as of the date of this notification

___________________________________________________________________________________________________

* 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. 2 of 15 November 2022, published in the Official Gazette of Romania, Part IV, no. 5051/05 December 2022, the 2023 buyback programme refers to the acquisition by the Fund of a maximum number of 3,500,000,000 shares and/or equivalent global depository receipts corresponding to the Fund's shares ("GDRs"). The duration of the 2023 buyback programme is until 31 December 2023. The shares repurchased during this buyback programme will be cancelled ("the 2023 buyback programme").

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 2,947,779,186.56 • Tel.: + 40 21 200 9600; Fax: +40 316 300 048; Email: office@fondulproprietatea.ro; Internet: www.fondulproprietatea.ro