SIF Oltenia S.A.

Notice of Dividend Amount • Mar 11, 2015

Nr. 1345 | 11. 03.2015

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OFFICIAL STATEMENT

PROPOSAL OF THE ADMINISTRATION BOARD regarding the allocation of net profit obtained in the financial exercise of the year 2014 - proposal of the gross dividend on share -

In the financial statements elaborated for the year 2014, submitted to the approval of the Ordinary General Assembly of Shareholders S.I.F. Oltenia S.A. convened for 28/29.04.2015, the following indicators are presented:

	- lei -
TOTAL INCOMES	263, 293, 213
TOTAL EXPENSES	150, 125, 366
GROSS PROFIT	113, 167, 847
PROFIT TAX	18,291,717
NET PROFIT, out of which:	94,876,130

Taking into account the financial statements elaborated for the financial exercise of the year 2014, the Administration Board of S.I.F. Oltenia S.A. proposes to the Ordinary General Assembly of Shareholders that the net profit obtained to be allocated to the following destinations:

DESTINATION	AMOUNT (lei)	WEIGHT IN NET PROFIT (%)
1. Own financing sources constituted from profit	25,256,244	26.62
2. Dividends	69,619,886	73.38
TOTAL NET PROFIT ALLOCATED	94,876,130	100.00

The gross dividend that is to be given for one share held on the registration date is proposed to be 0.12 lei/share, which represents a distribution rate of 73.38% of the total net profit realized in the fiscal year 2014. The gross dividend proposed to be distributed represents a profitability of 6.26%. calculated at the trading average price for the year 2014, respectively a profitability of 7.19%. calculated at the closing price for the year 2014.

Shareholders entitled to receive the dividends distributed from net profit obtained in the financial exercise of the year 2014 are those who will be registered in the consolidated register of shareholders on the registration date, which will be approved by the Ordinary General Assembly of Shareholders, according to the provisions of art. 238, paragraph (1) of the Law no. 297/2004 (with subsequent amendments and completions) – regarding the capital market. The Administration Board proposed and will submit to the approval of the Ordinary General Assembly of Shareholders that the registration date to be the date of 28.08.2015.

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