SIF Oltenia S.A.

Pre-Annual General Meeting Information • Mar 16, 2020

No. 2301 / 16.03.2020

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: 16.03.2020 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: Actions implemented for prevention/containment the spread of COVID-19

S.I.F. Oltenia S.A. informs the investors that according to the legal provisions in force, it has a continuity plan for cases in which the activity can not be longer carried out at the company's head office, a plan involving remote working.

Furthermore, we notify shareholders and investors that, as a result of spreding of the Covid-19 viral epidemy and official recommandations in regard to prevention measures to be taken, we shall take continuous measures for prevention and containment the impact of Covid-19 on the company's current activity.

As from the first Covid-19 case confirmation in Romania, SIF Oltenia SA has carefully monitored the development of situation presented by the authorities. There also have been implemented additional measures of hygiene and disinfection.

SIF Oltenia SA has decided for reasons of security and prevention to restrict access of visitors at company's head office during March 2020, with the possibility to extend them also after March 2020, function to the development of the Covid-19 events in Romania.

Considering that the Extraordinary General Shareholders Meeting is scheduled to take place on 25th March 2020 (it was called on 20th February 2020), SIFOltenia SA will respect the shareholders right to get information documents by correspondence or e-mail instead of phisical presence at the company's head office (in case the document will be requested).

All the documents regarding the EGSM are also available on the company's web site:

https://www.sifolt.ro/ro/aga/2020/aga_martie/agea.html.

As for the possibility that the conducting of the EGSM to be affected by the Covid-19 spreading, SIF Oltenia wrote to the Dolj Public Health Direction requesting a formal position regarding the conducting of the EGSM. The answer of Dolj DSP was to observe the legislation in force.

In this context, we propose to shareholders to exercise their vote right by correspondence like if any general shareholders meeting conducted by the company, as it is depicted in the call notification.

• using the ballot form submitted to SIF Oltenia SA in original (written form) by post
• using the ballot form submitted to SIF Oltenia SA by electronical means with extended electronical signature based on a qualified certificate or using the ballot form filled-in on SIF Oltenia SA site based on an allocated key.

During this period when the normal activity is affected by the Covid-19 spreading, S.I.F. Oltenia S.A. will continue to observe its legal obligations to inform shareholders and investors regarding the inside information.

All information will be made available to shareholders and investors by disclosure both through the market operator and on company's web site, www.sifolt.ro.

Any formal notifications to S.I.F. Oltenia S.A. will be submitted to e-mail address: public@sifolt.ro

There are no other events to report.

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

ec. Viorica Bălan Compliance Officer