SIF Oltenia S.A.

Major Shareholding Notification • Feb 6, 2020

Notification of

major shareholdings in accordance with the Law no. 24/2017 art.69 par. (1) and F.S.A. Regulation no. 5/2018

- Annex 18 -

Company: LACTATE NATURA S.A. Târgoviște Address: B-dul Independenței nr.23, Târgoviște, Dâmbovița Tax Identification Number: RO 912465 J15/376/1991 Symbol: INBO

Security type: SHARE

1. Reasons for notification:

[] A purchase or assignment of voting rights

[] A purchase or assignment of financial instruments

[] An event changing the distribution of voting rights

[X] Others: Subscription to the share capital increase

3.Details of the person subject to the obligation of notification: Societatea de Investiţii Financiare OLTENIA S.A., CUI RO 4175676, J16/1210/30.04.1993, Craiova, 1 Tufănele Street, Dolj County, LEI Code: 254900VTOOM8GL8TVH59, CRAIOVA, ISIN: ROSIFEACNOR4

1. Full name/designation of the shareholder / shareholders (if different/differents from point 3)

2. Date of dropping under, reaching or exceeding the threshold (vote percentage): 05.02.2020

3. Total positions of the persons subject to the obligation of notification:

	% of the voting rights attached to shares (total of 7.A)	% of the voting rights through the financial instruments (total of 7.B.1 + 7.B.2)	Total of the two expressed in percentage % (7.A + 7.B)	Total number of issuer's voting rights
The resulting situation, on the day it dropped below, exceeded or reached the threshold	55.0709%	-	55.0709%	1,804,897
Position of the previous notification date (if applicable)*	40.3798%	-	40.3798%	997,302

1. Information to be notified with regard to the resulting situation, on the day the threshold was exceeded, dropped under or reached

A: Voting rights attached to the shares

Class/type of shares ISIN code, as the case may be	Number of voting rights		% of the voting rights
	Direct Art. 69 paragraph (1) – (3) of Law no. 24 /2017)	Indirect Art. 70 of Law no. 24/2017)	Direct Art. 69 paragraph (1) – (3) of Law no. 24 /2017)	Indirect Art. 70 of Law no. 24/2017)
ROINBOACNOR3	0	-	0	-
SUBTOTAL A		0		0

B 1: Financial instruments according to art. 73 paragraph (1) section (a) of Law no. 24 /2017

Type of financial instrument	Date of expiry (due date)	Conversion /execution period	The number rights that can be acquired if the instrument is executed / converted	% of the voting rights
		SUBTOTAL B.1

B 2: Financial instruments with a similar economic effect in accordance with art. 73 paragraph (1) section (b) Law no. 24/2017

Type of financial instrument	Date of expiry (due date)	Conversion /execution period	Physical or cash settlement	Number of voting rights	% of the voting rights
			SUBTOTAL B.2

1. Information about the person who is subject of the notification obligation

[] The subject person of the notification obligation is not controlled by any natural person or legal entity and he/she does not control any entity (entities) that has (have) an exposure to the issuer of the supporting shares, directly or indirectly.

[] The full chain of controlled persons through the intermediary of whom voting rights and / or financial instruments are actually held, starting with the ultimate natural person or legal entity that controls them

1. In the case of a vote by a representative: [name/designation of the agent] will cease to hold [% and number] of voting rights starting from [date].

2. Additional information:

Drawn up at S.I.F OLTENIA S.A. on 06.02.2020.

Associate Prof. PhD ec. Tudor Ciurezu Chairman / General Manager

Notification of major shareholdings

A: Identification data for the person subject of the notification obligation:

Full name/designation Societatea de Investiţii Financiare OLTENIA S.A., CUI RO 4175676, J16/1210/30.04.1993, 1 Tufănele Street, LEI Code: 254900VTOOM8GL8TVH59, CRAIOVA, ISIN : ROSIFEACNOR4

Contact address: 1 Tufanele Street

E-mail: public@sifolt.ro

Phone number: TEL: 0251 419.398, FAX: 0251 419.340

Other useful information ( at least a contact person for legal entities): CALIȚOIU ELENA

B: Identification data for the person performing the notification, if necessary

Full name/designation

Contact address

E-mail

Phone / Fax number

Other useful information (functional relationship with the person or legal entity subject of the obligation of notification)

C: Additional information:

Associate Prof. PhD ec. Tudor Ciurezu Chairman / General Manager