SIF Oltenia S.A.

Audit Report / Information • Aug 27, 2015

$\mathbf S$ ocietatea de Investiții Financiare OLTENIA s.A. Număr Registru C.N.V.M.: PJR09SIIR/160003/14.02.2006 200767, Craiova, Str. Tufănele nr. 1 e-mail:public@sifolt.ro, www.sifolt.ro CUI/CIF: RO 4175676 Tel.: 0251-419.397, 419.398, 419.338, 419.347 Nr. Reg. Com.: J16/1210/30.04.1993 Fax: 0251-419-340 Capital social: 58.016.571 lei

STATEMENT

. In accordance with the provisions of Law no. 297/2004 and RNSC Regulation no. 1/2006, as further amended and supplemented we declare the following:

a) The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards ("IFRS") as adopted by the European Union.

b) The Group does not prepare consolidated financial statements in accordance with Romanian Accounting Regulations ("RCR").

c) We do not know at the time of this statement about other information, events, circumstances that significantly alter the above statements.

We mention that the consolidated financial statements as of 31.12.2014 have been prepared pursuant to RNSC Decision No. 1176/15.09.2010, regarding the requirement for investment companies, entities registered with R.N.S.C. / A.S.F. in the Other Undertakings for Collective Investment category (A.O.P.C.) with a diversified investment policy, to prepare and submit to F.S.A. annual consolidated financial statements in accordance with International Financial Reporting Standards adopted by the European Union ("IFRS"), within 8 months from the end of the financial year.

These financial statements have been prepared solely for information purposes and are intended to be used by the Group, its shareholders and F.S.A., cannot be invoked as the basis of the investment decision and do not generate changes in the shareholders' rights regarding dividends.

Associated Prof. PhD E. Tudor CIUREZU Chairman