SIF Oltenia S.A.

Major Shareholding Notification • Oct 8, 2019

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 CRIȘANA S.A. Address: Calea Victoriei nr.35 A, ARAD Tax Identification Number: 2761040 J02/1898/1992

Symbol: SIF 1

Security type: SHARE

1. Reasons for notification:

[] A purchase or assignment of voting rights

[X] A purchase or assignment of financial instruments

[] An event changing the distribution of voting rights

[] Others (please specify)

3.Details of the person subject to the obligation of notification: Societatea de Investiţii Financiare OLTENIA S.A., CUI RO 4175676, J16/1210/30.04.1993, Craiova, 1 Tufănele Street, Dolj County, LEI Code: 254900VTOOM8GL8TVH59, CRAIOVA, ISIN: ROSIFEACNOR4

1. Full name/designation of the shareholder / shareholders (if different/differents from point 3)

2. Date of dropping under, reaching or exceeding the threshold (vote percentage): 07.10.2019

3. 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	5.000000%	-	5.000000%	25,873,036
Position of the previous notification date (if applicable)*	5.000004%	-	5.000004%	25,873,057

1. 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		Number of voting rights	% of the voting rights
shares ISIN code, as the case may be	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	19,536,252	6,336,784	3.775408%	1.224592%
SUBTOTAL A	25,873,036		5.000000%

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 supporting shares, 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 if 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	0.481580		0.481580
Flaros S.A. București	0.120525		0.120525
Mercur S.A. Craiova	0.056429		0.056429
Univers S.A. Râmnicu Vâlcea	0.375769		0.375769
Voltalim S.A. Craiova	0.046451		0.046451
Ciurezu Tudor	0.143838		0.143838

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:

*According to F.S.A. Decision no.833/19.06.2019 the shareholders group held on 06.06.2019 a percent of 5,000004% of the share capital of SIF Banat Crisana SA.

Drawn up at S.I.F OLTENIA S.A. on 08.10.2019

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

Notification of major shareholdings

A: Identification data for the person subject of the notification obligation:

Full name/designation Societatea de Investiţii Financiare OLTENIA S.A., CUI RO 4175676, J16/1210/30.04.1993, 1 Tufănele Street, LEI Code: 254900VTOOM8GL8TVH59, CRAIOVA, ISIN : ROSIFEACNOR4

Contact address: 1 Tufanele Street

E-mail: public@sifolt.ro

Phone number: TEL: 0251 419.398, FAX: 0251 419.340

Other useful information ( at least a contact person for legal entities): CALIȚOIU ELENA

B: Identification data for the person performing the notification, if necessary

Full name/designation

Contact address

E-mail

Phone / Fax number

Other useful information (functional relationship with the person or legal entity subject of the obligation of notification)

C: Additional information:

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