SIF Banat Crisana S.A.

Legal Proceedings Report • Oct 16, 2019

ADDRESS CALEA VICTORIEI 35A ARAD 310158 ROMANIA • TEL +40257 304 438 • FAX +40257 250 165 • EMAIL SIFBC@SIF1.RO • INTERNET WWW.SIF1.RO

CURRENT REPORT

according to Regulation no. 5/2018 and Law no. 24/2017 on issuers of financial instruments and market operations

Report date: October 15, 2019

Issuer Societatea de Investiții Financiare Banat-Crișana SA (SIF Banat-Crișana) | Registered office 35A Calea Victoriei, Arad 310158, Romania | Phone +40257 304 438 | Fax +40257 250 165 | Webpage www.sif1.ro | Email sifbc@sif1.ro| Tax Identification Code RO2761040 | Trade Register Number J02 / 1898 / 02.09.1992 | Number In ASF AFIAA Register PJR07.1AFIAA / 020007 / 09.03.2018 | Number In ASF SIIRS Register PJR09SIIR / 020002 / 02.02.2006 | Legal Entity Identifier (LEI) 254900GAQ2XT8DPA7274 | Subscribed and paid-up share capital RON 51,746,072.40 | Regulated market on which the issued securities are traded: Bucharest Stock Exchange (BVB) Premium category (symbol: SIF1)

Important event to be reported:

Litigation concerning the convening of the OGMS at SIF5

SIF Banat-Crișana informs the investors that, from the information published on the portal of the courts, in the hearing held on October 15, 2019, Dolj Tribunal admitted the request submitted in the file case no. 6001/63/2019 and authorized the convening of the Ordinary General Meeting of SIF OLTENIA SA by the shareholders SIF Banat-Crișana and SIF Muntenia. According to published information, the court approved the agenda of the ordinary general meeting proposed by the two shareholders, respectively:

"1. The election of the secretaries of the assembly of the general meeting of company's shareholders, respectively of the shareholders Marcel Gheorghe and Dub Bogdan Daniel, with the complete identification data available at the headquarters of the company, which will verify the presence list of the shareholders, the votes expressed on the topics on the agenda of the meeting, as well as the fulfillment of all the formalities required by law and the constitutive act of the company for holding the general meeting of shareholders, of which Mr. Marcel Gheorghe will prepare the minutes of the assembly of the general meeting of shareholders.

2. Appointment of notary public Virgil Claudiu Făurar from the Public Notary Office - SPN Doina Făurar from Craiova, Dolj county, for the supervision, at the expense of the company, of the operations performed by the secretaries of the assembly, in accordance with the provisions of art. 129 paragraph (3) of Law no. 31/1990.

3. Election of the commission for counting the votes expressed by the shareholders on the topics on the agenda of the ordinary general meeting of company' shareholders, comprised of the shareholders Marcel Gheorghe and Dub Bogdan Daniel proposed as secretaries of the meeting, having the complete identification data available at headquarters of the company.

4. Approval of the revocation of the administrators (members of the Board of Directors) Tudor Ciurezu, Anina Radu, Carmen Popa and Nicolae Stoian, with the immediate termination of their mandate of administrator from the date of approval of the decision.

5. Ascertaining the termination of the mandate of general director (CEO) of SIF Oltenia SA held by the administrator Tudor Ciurezu.

6. The election of four administrators as members of the board of directors of SIF Oltenia SA for a term of office equal to the period beginning with the date of their election and ending on 21.04.2021.

7. Establishing the rights due to the newly elected directors for the exercise of the mandate of administrator of SIF Oltenia SA and the rights due to the members of the senior management (General Director and Deputy General Director) at the level set by the Decision of the ordinary general meeting of ADDRESS CALEA VICTORIEI 35A ARAD 310158 ROMANIA • TEL +40257 304 438 • FAX +40257 250 165 • EMAIL SIFBC@SIF1.RO • INTERNET WWW.SIF1.RO

SIF Oltenia SA shareholders no. 5 / 20.04.2013, published in the Official Gazette of Romania, Part IV, no. 2562 / 15.05.2013.

8. Approval of the empowerment of the secretary of the assembly of the general meeting of shareholders appointed for the preparation of the minutes of the assembly of the general meeting of shareholders, with the right of substitution, to sign the decisions of the general meeting of shareholders and any other related documents, to represent the company and to carry out all the deeds and formalities of publicity, registration and implementation of the decisions adopted by the general meeting of the shareholders at the trade register office, the Financial Supervisory Authority, Depozitarul Central SA and any other authorities.

9. Approval of the instruction to the board of directors and to the senior management of the company to promptly provide the empowered person, namley to the secretary of the assembly of the general meeting of shareholders appointed for the preparation of the minutes of the assembly of the general meeting of shareholders, as well as for performing the deeds and formalities of publicity, registration and implementation of the decisions adopted by the general meeting of the shareholders, all the necessary information and documents and to give him all the necessary support for this purpose.

10. Approval of the empowerment of the secretary of the assembly of the general meeting of shareholders appointed for the preparation of the minutes of the general meeting of shareholders, to appoint one or more lawyers for the defense and representation of SIF Oltenia SA before the courts or any institutions and authorities in any present or future trials or litigation procedures in relation to the decisions adopted by the general meeting of the company's shareholders during the period May-December 2019, with the right of the empowered person to receive all the information and documents regarding those litigation processes and procedures.

11. Approval of the instruction to the board of directors and the senior management of the company to hire for the company one or more lawyers appointed by the empowered person appointed by the general meeting of the shareholders for the defense and representation of SIF Oltenia SA before the courts or any institutions and authorities in any present or future trials or litigation proceedings in connection with the decisions adopted by the general meeting of the company's shareholders during the period May-December 2019, for a fee of up to RON 9,000 for each trial or litigation procedure."

At the same time, the Court set the date of holding the general meeting within 60 days from the moment the sentence is final, establishing that the shareholder SIF BANAT-CRIȘANA SA through legal representative to preside the assembly of the Ordinary General Meeting of SIF OLTENIA SA.

The sentence of the Dolj Court is not final, it can be appealed within 30 days after its communication.

Chairman and CEO Bogdan-Alexandru DRĂGOI

Compliance Officer Eugen Cristea