SIF Oltenia S.A.

Governance Information • Dec 19, 2016

${\bf S}$ ocietatea de Investiții ${\sf Finance\;\;OLTENIA\;!s.a.}$

200767 Craiova, str. Tufănele nr.1 E-mail: public@sifolt.ro, www.sifolt.ro tel.: 0251 419.397, 419.398, 419.338, 419.347 fax: 0251 419.340

Nr. Registru C.N.V.M.: PJR09SIIR / 160003 / 14.02.2006 Cod Unic Inregistrare: 4175676, Atribut fiscal: R Nr. Reg Com.: J16 / 1210 / 30.04.1993 Capital social: 58.016.571 LEI

No. 7334 /19.12.2016

Translation from Romanian into English

FINANCIAL SUPERVISORY AUTHORITY To: Financial Instruments and Investment 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 the securities transactions

and to the Law no. 297/2004 regarding the capital market

Report date: 19.12.2016

Name of the issuer: Societatea de Investiții 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 Trade Register Number: 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:

Establishment of the Nomination Committee $-$ complying with the provisions of the Bucharest Stock Exchange Corporate Governance Code

SIF OLTENIA SA informs that the Administration Board, met on 19.12.2016, has decided through the Decision no. 20/19.12.2016 as follows:

"Art.2 (1) The Nomination Committee is set up with the following composition:

• Carmen Popa independant administrator

• Cristian Busu independant administrator

• Tudor Ciurezu

(2) The position of Chairman of the Nomination Committee will be held by Mrs. Carmen Popa, administrator."

There are no other events to report.

Assoc. Prof. DEc. Tudor CIUREZU

Chairman / General Manager

ec. Viorica BĂLAN

Internal Control