SIF Oltenia S.A.

Annual / Quarterly Financial Statement • Aug 9, 2016

Societatea de Investiții Financiare OLTENIA S.A.

200767, Craiova, Str. Tufänele nr. 1 e-mail:public@sifolt.ro, www.sifolt.ro Tel.: 0251-419.397, 419.398, 419.338, 419.347 Fax: 0251-419.340

Număr Registru C.N.V.M.: PJR09SIIR/160003/14.02.2006 CUI/CIF: RO 4175676 Nr. Reg. Com.: J16/1210/30.04.1993 Capital social: 58.016.571 lei

Translation from Romanian into English

STATEMENT

according to the provisions of

the R.N.S.C. / F.S.A. Regulations no. 1/2006

(as subsequently amended and supplemented)

regarding issuers and operations with securities

We hereby confirm that, to our knowledge, the half-yearly financial accounting statement on 30.06.2016, which was prepared in accordance with applicable accounting standards, gives a fair and consistent image with the reality of: assets, liabilities, financial position, profit and loss account of SIF Oltenia SA and that the Administration Board Report includes a fair review of the development and performance of the company as well as a description of the main risks and uncertainties specific to the activity.

Associate Professor PhD ec. Tudor CIUREZU

Anina RADU

ec. Elena SICHIGEA

Chairman

Deputy General Manager

Economic Manager