SIF Oltenia S.A.

Legal Proceedings Report • Jul 13, 2020

200767, Craiova, Str. Tufănele nr. 1	BVB – categoria Premium (SIF5)	Număr Registru A.S.F.: PJR071AFIAA/160004/15.02.2018
www.sifolt.ro, e-mail: public@sifolt.ro	Capital social: 56.054.312.9 lei	LEI (Legal Entity Identifier): 254900VTOOM8GL8TVH59
Tel.: 0251-419.397. 419.398. 419.338. 419.347	Fax: 0251-419.340	CUI/CIF: RO 4175676 J16/1210/30.04.1993

No. 4717 /13.07.2020

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 Law no. 24/2017 and A.S.F. Regulation no. 5/2018 on issuers of financial instruments and market operations

Report date: 13.07.2020 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: 56,054,312.9 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 - regarding request for calling ordinary general shareholder meeting

S.I.F. Oltenia S.A. informs investors that, during the meeting on 10.07.2020, S.I.F. Oltenia S.A. Board of Administration took note of the joint letter of the shareholders S.I.F. Banat-Crișana S.A. and S.I.F. Muntenia S.A., registered at S.I.F. Oltenia S.A. under no. 4041/11.06.2020, by which the joint request of the two shareholder holding together shares representing 5% of the share capital of Societatea de Investiții Financiare Oltenia S.A. for calling the SIF Oltenia's Ordinary General Shareholder Meeting was submitted.

Based on the report prepared by the Legal Division, the Risk Adminsitrator briefing and the context determined by the alert state existing in Romania, established by the Romania Government through GD no.394/2020, Board of Administration approved the calling of the S.I.F. Oltenia S.A. Ordinary General Shareholder Meeting requested by the shareholders S.I.F. Banat-Crișana S.A. and S.I.F. Muntenia S.A., after clarification of the litigations making the object of the files no. 6001/63/2019, 3608/63/2019, 2634/63/2020, so that the proposed agenda to be correlated with the decisions of the courts to be issued in these files, in order to avoid

calling of an OGSM that can remain without object, legal risks and shareholder reeling.

During the meeting on 10.07.2020, the Board of Administration also mandates the senior management of S.I.F. Oltenia S.A. (General Manager and Deputy General Manager) to approve the date and conditions for conducting the S.I.F. Oltenia S.A. Ordinary General Shareholder Meeting, requested by the shareholders S.I.F. Banat-Crișana S.A. and S.I.F. Muntenia S.A., function to the development of the litigations making object of the files no. 6001/63/2019, 3608/63/2019, 2634/63/2020.

There are no other events to report.

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

Compliance Officer ec. Viorica Bălan