SIF Oltenia S.A.

Pre-Annual General Meeting Information • Mar 20, 2019

Nr. 2486 / 20.03.2019

PRESS RELEASE

PROPOSAL OF THE BOARD OF ADMINISTRATION regarding the allocation of the net profit achieved in the financial exercise of the year 2018

In the financial statements for the year 2018, subject to the approval of The Ordinary General Shareholders Meeting of S.I.F. Oltenia S.A. called on 24.04.2019 - first call, 25.04.2019 respectively, in case the necessary quorum is not met at first call, the following indicators are presented:

• lei -

TOTAL INCOMES	123,632,287
TOTAL EXPENSES	22,246,584
GROSS PROFIT	101,385,703
INCOME TAX	5,125,903
NET PROFIT	96,259,800

The net profit of the financial exercise amounted to 96,259,800 lei, 28.12% higher than budgeted for 2018.

The Board of Administration of S.I.F. Oltenia S.A. proposes to the Ordinary General Shareholders Meeting that net profit obtained to be allocated to the following destinations:

DESTINATION	AMOUNT (lei)	WEIGHT IN NET PROFIT (%)
Dividends	84,081,469.35	87.3485
Other reserves (own financing sources)	12,178,331.12	12.6515
TOTAL NET PROFIT ALLOCATED	96,259,800.47	100.0000

The gross dividend proposed to be alloted for one share held as of the registration date is 0.15 lei/share, which represents a distribution rate of 87.3485% of the total net profit achieved in the fiscal year 2018.

The gross dividend proposed provides a yield of 7.0175% of the average trading price of the shares in 2018 and 7.1942% of market closing price/share on the last trading day of 2018.

The shareholders entitled to receive the dividend distributed from the net profit achieved in the financial exercise of the year 2018 are those that will be recorded in the consolidated register of shareholders as of registration date, to be approved by the Ordinary General Shareholders Meeting, according to the provisions of art. 86 paragraph (1) of the Law no. 24/2017.

The Board of Administration proposed and will submit to approval of the Ordinary General Shareholders Meeting that registration date to be the date of 28.05.2019 (ex-date 27.05.2019).

The Board of Administration Assoc. Prof.PhD. Tudor CIUREZU

Chairman / General Manager

ec. Viorica Bălan

Compliance Officer