SIF Oltenia S.A.

AGM Information • Aug 26, 2016

No. 4976 / 26.08.2016

Translation from Romanian into English

To: FINANCIAL SUPERVISORY AUTHORITY Financial Instruments and Investments Sector Fax no.: 021-659.60.51

BUCHAREST STOCK EXCHANGE Fax no.: 021-307.95.19

CURRENT REPORT

according to the R.N.S.C. (C.N.V.M.) Regulation no. 1/2006 regarding the issuers and securities transactions and the Law no. 297/2004 regarding the capital market

Report date: 26.08.2016 Name of the issuer: Societatea de Investiţii Financiare OLTENIA S.A. Headquarters: Dolj County, Craiova, 1, Tufănele St., zip code 200767 Phone /Fax: 0251-419.335 / 0251-419.340 Fiscal Registration Code (CIF): RO 4175676 Order number at the Trade Register: J16/1210/30.04.1993 R.N.S.C. (C.N.V.M.) Register Number: PJR09SIIR/160003/14.02.2006 Share capital subscribed and paid: 58,016,571 RON Regulated market on which the issued securities are traded on: Bucharest Stock Exchange – Shares, Premium Tier, (market symbol SIF5)

Important event to report:

Decisions of the Ordinary General Shareholders Meeting of S.I.F. Oltenia S.A., met on 26.08.2016, at the second call

The Ordinary General Shareholders Meeting of SOCIETATEA DE INVESTITII FINANCIARE OLTENIA SA, statutorily met on 26.08.2016, at the second call, in the presence of shareholders holding a number of 165,022,582 shares, representing 28.444% of the share capital and 28.449% of the share capital with voting right, all shares present in the Meeting having voting right, based on the Law no. 31/1990 R, as subsequently amended and supplemented, the Law no. 297/2004, amended and supplemented, the ASF (former RNSC) Regulations in force and the own Articles of Incorporation, with the majority of votes cast, as it is pointed out in the minutes of the meeting, corresponding to the issues on the agenda, adopts the following Decisions:

DECISION no. 9

It is approved of consolidated financial statements prepared as of 31.12.2015 in accordance with International Financial Reporting Standards (IFRS) for the financial year of 2015, based on the Report of the Administration Board and Financial Auditor's Report.

The votes: FOR – 85.875%, AGAINST – 13.200% and ABSTENTION – 0.926% out of the total of 165,022,582 shares with voting right valid cast.

D E C I S I O N no. 10

It is approved the appointment of JPA AUDIT & CONSULTANTA SRL as Financial Auditor of SIF Oltenia SA for a period of 2 years in order to audit individual financial statements prepared in accordance with International Financial Reporting Standards (IFRS), as well as to audit consolidated financial statements prepared in accordance with International Financial Reporting Standards (IFRS), for the financial years of 2017 and 2018 and the empowering of the Administration Board to conclude the contract for auditing and establishing the conditions for exercising the auditing activity, in compliance with all legal provisions applicable to such activities.

The votes: FOR – 83.761%, AGAINST – 16.239% and ABSTENTION – 0 % out of the total of 165,022,582 shares with voting right valid cast.

D E C I S I O N no. 11

It is approved the date of 15.09.2016 as registration date (and 14.09.2016 as ex-date), in accordance with the legal provisions applicable for determining shareholders who are affected by the adopted decisions.

The votes: FOR – 86.800%, AGAINST – 13.200% and ABSTENTION – 0 % out of the total of 165,022,582 shares with voting right valid cast.

There are no more events to report.

Associate Prof. PhD. E. Tudor CIUREZU Chairman / General Manager

Ec. Viorica Balan Internal Control