SIF Banat Crisana S.A.

Major Shareholding Notification • Mar 20, 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: March 18, 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 | 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:

Reporting under art. 69 par. (1) of Law 24/2017

SIF Banat-Crișana informs the shareholders upon the receiving on March 18, 2019, from Societatea de Investiții Financiare (SIF) Oltenia S.A. of - Reporting of major shareholdings as per art. 69 par. (1) of Law no. 24/2017 and ASF Regulation no. 5/2018.

The document is annexed hereto.

Bogdan-Alexandru DRĂGOI

Chairman and CEO

Compliance Officer, Eugen Cristea

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: S.I.F. BANAT CRISANA S.A.
Address: Calea Victoriei nr.35 A, ARAD
Tax Identification Number: 2761040
J02/1898/1992
Symbol: SIF 1
Security type: SHARE
2. Reasons for notification (please mark the appropriate box or boxes:
[] A purchase or assignment of voting rights
$[X]$ A purchase or assignment of financial instruments
$\prod$ An event changing the distribution of voting rights
$\Box$ Others(please specify)
3. Details of the person subject to the obligation of notification: Societatea de Investiții
Financiare OLTENIA S.A., CUI RO 4175676, J16/1210/30.04.1993, Craiova, 1 Tufănele
Street, Dolj County, LEI Code: 254900VTOOM8GL8TVH59, CRAIOVA, ISIN :
ROSIFEACNOR4
Name/Designation:		Headquarters city and country
4. Full name/designation of the shareholder / shareholders
5. Date of dropping under, reaching or exceeding the threshold (vote percentage): 14.03.2019
6. 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	5.0906%		5.0906%	26, 341, 753
Position of the previous notification date (if applicable)	2.8515%		2.8515%	14,755,456
7. 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)
ROSIFAACNOR2	19,245,633	7,096,120	3.7193%	1.3713%
SUBTOTAL A	26.341.753		5.0906%

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 supportingshares, directly or indirectly.

$[X]$ 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

Name/Designation	% of the voting rights it is equal to or higher than the threshold to be notified	% of the voting rights through the financial instruments if it is equal to or higher than the threshold to be notified	Total of the two if it is equal to or higher than the threshold to be notified
Alimentara S.A. Slatina	0.4816		0.4816
Flaros S.A. Bucharest	0.1205		0.1205
Mercur S.A. Craiova	0.0564		0.0564
Univers S.A. Râmnicu Vâlcea	0.4821		0.4821
Voltalim S.A. Craiova	0.0704		0.0704
Ciurezu Tudor	0.1438		0.1438
Ciurezu Victoria	0.0165		0.0165

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 18.03.2019

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