Fondul Proprietatea

Major Shareholding Notification • Dec 12, 2023

________________________________________________________________________________________________________

To: Bucharest Stock Exchange Financial Supervisory Authority London Stock Exchange

Current report according to Art. 74 paragraph (6) of Law no. 24/2017 on issuers of financial instruments and market operations, Art. 131 and Annex no. 18 of FSA Regulation no. 5/2018 on issuers of financial instruments and market operations, as well as the provisions of Art. 106 of the Rulebook of the Bucharest Stock Exchange, Title II – Issuers and Financial Instruments

Important events to be reported:

Disclosure of holdings under 5% of the total voting rights held by Fondul de pensii adminstrat privat AZT Viitorul Tău, Fondul de pensii facultative privat AZT Moderato, Fondul de pensii facultative privat AZT Vivace and of Allianz Țiriac Asigurări SA in Fondul Proprietatea S.A.

Franklin Templeton International Services S.À R.L, alternative investment fund manager and sole director of Fondul Proprietatea SA ("Fondul Proprietatea / the Fund"), hereby, announces that Fondul de pensii adminstrat privat AZT Viitorul Tău, Fondul de pensii facultative privat AZT Moderato, Fondul de pensii facultative privat AZT Vivace and Allianz Țiriac Asigurări SA have sent an aggregate disclosure of holdings under 5% of the total voting rights in the Fund, as reflected in the Annex.

According to the disclosure received by Fondul Proprietatea on 12 December 2023 ("Report date"), as at 8 December 2022 ("Date of lowering the threshold (percentage of vote)"), Fondul de pensii adminstrat privat AZT Viitorul Tău, Fondul de pensii facultative privat AZT Moderato, Fondul de pensii facultative privat AZT Vivace and Allianz Țiriac Asigurări SA, by virtue of acting in concert, held in common a number of 234,082,629 voting rights, representing 4.13% of the total number of Fondul Proprietatea of 5,668,806,128.

Franklin Templeton International Services S.À R.L. in its capacity of alternative investment fund manager and sole director of FONDUL PROPRIETATEA S.A.

Johan MEYER Permanent Representative Report date: 12 December 2023

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

Registered office: 76-80 Buzesti Street 7 th floor, district 1, Bucharest, 011017

Phone/fax number: Tel.: + 40 21 200 96 00 Fax: +40 31 630 00 48

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 and paid-up share capital: RON 2,947,779,186.56

Number of shares in issue and paid-up: 5,668,806,128

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

GDRs on London Stock Exchange

Vecerdea, Iuliana	INTHARE ZIUA
From:	Sieburg, Michael (Allianz SE) < michael.sieburg@allianz.com>
Sent:	12 December 2023 12:10
10:	office@fondulproprietatea.ro; investor.relations@fondulproprietatea.ro
CC:	group.compliance@allianz.de
Subject:	Major Shareholding Notification Allianz SE // Fondul Proprietatea S.A. (ISIN
	ROFPTAACNOR5)
Attachments:	Fondul Proprietatea below 5%.pdf

FONDUL PROPRIETATEA S.A.

1168

Internal

Dear Sir and Madam,

Please find attached a major shareholding report of Allianz SE Fondul Proprietatea S.A. (ISIN ROFPTAACNOR5) which was just send to ASF.

Please acknowledge receipt and do not hesitate to contact us if you have any questions.

Best regards,

Michael

Michael Sieburg

Head of Market Integrity

Allianz SE | Group Compliance - Prevention & Advisory Unit | Königinstr. 28 | 80802 Munich, Germany

phone +49.89.3800 19957 | mobile +49.172.8969888 | fax +49.89.3800 819957 | e-mail michael sieburg@allianz.com

Corporale disclosures: www.aliances (VAT ID Number DE128274114. Financial and INSC ELV VIT Directive ane en ont.
Please not This e nail and any files transel only of the nane please do not read, copy, use or disclose the contents of the sender inmedialy. Then please delet the e-mail and any copies of I. Thank you.

Standard form for notification of major holdings

			NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the competent authority)
	Fondul Proprietatea S.A. (ISIN ROFPTAACNOR5)		1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached":
	2. Reason for the notification (please tick the appropriate box or boxes):
[] Other (please specify)™:	[X] An acquisition or disposal of voting rights [ ] An acquisition or disposal of financial instruments [ ] An event changing the breakdown of voting rights
	3. Details of person subject to the notification obligation™ :
City and country of registered office (if applicable): Name: Munich, Germany Allianz SE
Allianz Tiriac Asigurari SA	6. Total positions of person(s) subject to the notification obligation:		Fondul de pensii facultative privat AZT Moderato (administrat de Allianz-Tiriac Pensii Private SAFPP) Fondul de pensii facultative privat AZT Vivace (administrat de Allianz-Tiriac Pensii Private SAFPP) 5. Date of lowering, reaching or exceeding the threshold (percentage of vote) 4: 08.12.2023
	% of voting rights at- tached to shares (total of 7.A)	% of voting rights through financial instru- ments (total of 7.B.1 + 7.B.2)	Total of both in % (7.A + 7.B)	Total number of vot- ing rights of issuerwil
Resulting situation on the date it fell below, exceeded or reached the threshold	4.13	0,00	4.13	5,668,806,128
Position of previous notification (if applica- ble)	5.05	0.00	5.05
old vii :			7. Notified details of the resulting situation on the date when it was exceeded, fell below or reached the thresh-
A: Voting rights attached to shares
Class/type of	Number of voting rightsix		% of voting rights
shares ISIN code, as appropriate	Direct (Art 69 alin. (1)-(3) din Legea nr. 24/2017)	Indirect (Art 70 din Legea nr. 24/2017)	Direct (Art 69 alin. (1)-(3) din Legea nr. 24/2017)	Indirect (Art 70 din Legea nr. 24/2017)
ROFPTAACNOR5	O	234,082,629	0	4.13

234,082,629

SUBTOTAL A

1

4.13

Internal
----------

		B 1: Financial Instruments according to art. 73 par. (1) lit. (a) of Law no. 24/2017
Type of financial instru- ment	Expiration date (due date x	Exercise/ Conversion Periodxi	Number of voting rights that may be acquired if the instrument is exercised/ converted.	% of voting rights
		SUBTOTAL B.1

B 2: Financial Instruments with similar economic effect according to art. 73 par. (1) lit. (b) of Law no. 24/2017
Type of financial in- strument	Expiration date (due date)*	Exercise/ Conversion Period xi	Physical or cash settlement™	Number of vot- ing rights	% of voting rights
			SUBTOTAL B.2

1. Information in relation to the person subject to the notification (please tick the applicable box):

[ ] Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any entity (entities) that directly or indirectly has exposure to the issuer of the underlying shares.™

[X] Full chain of controlled people by virtue of which they actually hold voting rights and / or financial instruments, starting with the individual or the ultimate legal entity that controls them™:

Namer	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifia- ble threshold
1. Allianz SE
2. Allianz Holding eins
GmbH
3. Allianz Tiriac Asigurari
SA
4. Allianz Tiriac Pensii Pri-
vate Societate de admini-
strare a fondurilor de pen-
sii private S.A.
4a. Fondul de pensii admi-
nistrat privat AZT
Viitorul Tau (administrat
de Allianz-Tiriac Pensii Pri-
vate SAFPP)
4b. Fondul de pensii facul-
tative privat AZT Moderato

Internal

(administrat de Allianz-
Tiriac Pensii Private SAFPP)
4c. Fondul de pensii facul-
tative privat AZT Vivace
(administrat de Allianz-
Tiriac Pensii Private SAFPP)

1. In case of voting by a representative: [name / trustee's name] will cease to hold [% and number] voting rights as of [date]

2. Additional information™:

In Annex 1 an additional Organizational Chart has been provided to support section 8.

Allianz SE is the ultimate parent company of Allianz Tiriac Asigurari SA, which hold Fondul Proprietatea S.A. shares and of Allianz Tiríac Pensii Private Societate de administrare e fondurilor de pensii private S.A. which manages holdings in Fondul Proprietatea S.A. in the pension funds listed under 4a, 4b and 4c in Box 8.

Done at Munich on 12.12.2023