SIF Oltenia S.A.

Earnings Release • Nov 14, 2022

No. 12.000 / 14.11.2022

Press release regarding the results registered by S.I.F. Oltenia as of 30.09.2022

S.I.F Oltenia S.A. achieved in the first nine months of 2022 a net profit of 175,026,395 lei (which represents 184.14% of that proposed by B.V.C.) increased by 271% compared to 30.09.2021 (47,177,096 lei). The company achieved, on 30.09.2022, total revenues in the amount of 199,927,772 lei, representing an increase of 215.06% compared to the revenues recorded on 30.09.2021 (63,456,504 lei), this increase being mainly determined by the solid dividends granted by the companies in the portfolio.

On 30.09.2022, the assets of the company- valued according to the provisions of the FSA Regulation no. 7/2020 regarding authorization and operation of alternative investment funds - had a market value of 2,102,694,117 lei, decreased by 13.75% compared to the value on 30.09.2021 (2,437,876,759) compared to the value recorded on 31.12.2021, the assets on the reporting date show an decrease of 13.20% ( 2,422,592,329).

The net asset value (4.2230 lei/share) recorded a decrease of 3.6153 compared to the registered value on 30.09.2021 (4.3814 lei/share) and 3.9201% compared to the registered value on 31.12.2021 (4.3953 lei/share).

S.I.F. OLTENIA S.A. informs the investors that the Quarterly Report as of 30.09.2022 – prepared in accordance with legislation in force – will be available starting from 14.11.2022, at 8:00 a.m. at the internet address http://www.sifolt.ro/en/raportari/2022/tr3/tr3.html.

The report will be made available to those interested -as from the same date- at S.I.F. Oltenia's head office from Craiova, 1 Tufanele Street.

We mention that the Simplified Interim Individual Financial Statements as of September 30, 2022 are not audited by the company's external financial auditor.

Additional information can be obtained by phone at numbers: 0251-419.335, 0251- 419.347.

Sorin - Iulian Cioacă President - General Manager

Viorica Balan Compliance Officer