SIF Oltenia S.A.

Major Shareholding Notification • Dec 10, 2021

No. 12198 / 09.12.2021

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 (R) and FSA Regulation no. 5/2018 on issuers of financial instruments and market operations

Report date: 09.12.2021 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: PJR09FIAIR/160001/08.06.2021 ISIN: ROSIFEACNOR4 LEI Code: 254900VTOOM8GL8TVH59 Depozitory-Custodian: Raiffeisen Bank S.A. Depozitory: Depozitarul Central Bucuresti Share capital subscribed and paid: 50,000,000 lei Regulated market on wich the issued securities are traded on: Bucharest Stock Exchange – Shares, Premium Tier (market symbol SIF5)

Important event to report:

Purchase of a stock of shares issued by S.I.F. Muntenia S.A.

S.I.F. Oltenia S.A. informs investors that, in order to diversify its portfolio, it traded on 8.12.2021 a number of 47,083,273 shares issued by SIF Muntenia in a total amount of 76,274,902.26 lei. As a result of these, S.I.F. Oltenia S.A. holds a total of 6.14% of the share capital of the issuer SIF 4.

This acquisition is part of the management strategy of S.I.F. Oltenia SA to improve the quality of the managed portfolio with the aim of increasing its long-term and sustainable value for the benefit of the shareholders of S.I.F Oltenia.

In addition, those securities fall within the risk profile of S.I.F. Oltenia S.A. and within the applicable prudential limits, and their inclusion in the portfolio is aimed at diversifying the risk across the entire portfolio managed by S.I.F Oltenia.

The investment/divestiture activities of S.I.F. Oltenia S.A. is carried out with the aim of increasing the value of the portfolio in the long term, strictly complies with the legal provisions on the matter and are part of the permitted investments provided for by the current regulatory framework.

We attach the report on major shareholdings in according to the Law no. 24/2017 (R) art. 71 par. (1) and F.S.A. Regulation no. 5/2018

Sorin-Iulian CIOACĂ President - General Manager

Mihai TRIFU Deputy General Manager f. Compliance Officer

No. 12197/09.12.2021

To:

FINANCIAL SUPERVISORY AUTHORITY Financial Instruments and Investments Sector SIF Muntenia S.A.

Report on major

shareholdings in according to the Law no. 24/2017 (R) art. 71 par. (1) and F.S.A. Regulation no. 5/2018

- Annex 18 -

Notification of major shareholdings
Company: SIF Muntenia S.A. Address: Strada Serghei Vasilievici Rahmaninov, nr. 46-48, sector 2, București Tax Identification Number: 3168735 J40/27499/1992
Symbol: SIF 4 Security type: SHARE
2. Reasons for notification (please mark the appropriate box or boxes: [] A purchase or disposal [X] A purchase or assignment [] An event changing the distribution of voting rights [] Others(please specify)	of voting rights	of financial instruments
3.Details of the person subject to the obligation of notification: OLTENIA S.A., CUI RO 4175676, J16/1210/30.04.1993, 1 Cod LEI: 254900VTOOM8GL8TVH59, CRAIOVA, ISIN			Societatea de Investiţii Financiare Tufănele Street : ROSIFEACNOR4
Name/Business name:		Headquarters town	and country (if applicable)
4. Full name/Business name			of the shareholder / shareholders (if different from point 3)
5. Date of falling below, reaching	or exceeding	the threshold	(vote percentage):	08.12.2021
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
Resulting situation, on the day it fell below, exceeded or reached the threshold	6.14	-	6.14	784,645,201

Position of the previous notification date (if applicable)	-	-	-

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

A: Voting rights attached to the shares

	Number of voting rights		% of the voting rights
Class/type of shares	Direct		Direct
ISIN code, as the	Art. 71 paragraph	Indirect Art. 72 of Law no.	Art. 71 paragraph (1) – (3) of Law	Indirect Art. 72 of Law
case may be	(1) – (3) of Law	24/2017 (R)	no. 24	no. 24/2017 (R)
	no. 24 /2017 (R)		/2017 (R)
ROSIFDACNOR6	48,200,333	-	6.14	-
SUBTOTAL A	48,200,333		6.14

B1: Financial instruments according to art. 75 paragraph (1) section (a) of Law no. 24 /2017 republished

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

B2: Financial instruments with a similar economic effect in accordance with art. 75 paragraph (1) section (b) Law no. 24/2017 – (R)

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

1. Information about the person who is subject of the notification obligation (please mark / tick the appropriate box)

[X] 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 by means of which voting rights and / or financial instruments are actually held, starting with the ultimate natural person or legal entity that controls them

Name/Business name	% of the voting rights if this is equal to or higher than the threshold to be notified	% of the voting rights through the financial instruments if this is equal to or higher than the threshold to be notified	Total of the two if this is equal to or higher than the threshold to be notified

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

2. Additional information:

Prepared at S.I.F OLTENIA S.A. on 09.12.2021

Sorin - Iulian CIOACĂ President - General Manager