SIF Oltenia S.A.

Legal Proceedings Report • May 6, 2020

No. 3437 / 06.05.2020

Translation from Romanian into English

To: BUCHAREST STOCK EXCHANGE Fax no.: 021-307.95.19

FINANCIAL SUPERVISORY AUTHORITY Financial Instruments and Investments Sector Fax no.: 021.659.60.51

CURRENT REPORT

according to the F.S.A. Regulation no. 5/2018 on issuers of financial instruments and market operations

Report date: 06.05.2020 Name of the issuer: Societatea de Investiţii Financiare OLTENIA S.A. Headquarters: Dolj County, Craiova, 1 Tufănele Street, postal code 200767 Phone/Fax: 0251-419.335 / 0251-419.340 Fiscal Registration Code: RO 4175676 Order number at the Trade Register: J16/1210/30.04.1993 FSA Register Number:PJR07¹AFIAA/160004/15.02.2018 ISIN: ROSIFEACNOR4 LEI Code: 254900VTOOM8GL8TVH59 Depozitory-Custodian: Raiffeisen Bank S.A. Depozitory: Depozitarul Central Bucuresti Share capital subscribed and paid: 58,016,571 lei Regulated market on wich the issued securities are traded on: Bucharest Stock Exchange – Shares, Premium Tier (market symbol SIF5)

Important event to report: Investor information - S.I.F. Oltenia S.A. litigation, file no. 2638/63/2020

S.I.F. Oltenia S.A. informs investors that in the file no. 2638/63/2020, against SIF Banat - Crisana SA as plaintiff, having as object presidential ordinance, namely suspension of execution of the Decisions no. 1,2,3,4,5,6,7 and 8 of the SIF Oltenia SA Ordinary General Shareholder Meeting on 28.04.2020, chaired by the President of the Board of Administration, Mr. Tudor Ciurezu, until settlement of the request formulated by SIF Banat - Crisana SA regarding establishment of absolute nullity of the OGSM Decisions by definitive court resolution and recording at Trade Register Office of the suspension entry of the Decisions no.1,2,3,4,5,6,7, and 8 of the SIF Oltenia SA Ordinary General Shareholder Meeting on 28.04.2020, chaired by the President of the Board of Administration, Mr. Tudor Ciurezu , the court gives first judgement term on 13.05.2020.

There are no other events to report.

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

Compliance Officer ec. Viorica Bălan