Santierul Naval Orsova S.A.

Board/Management Information • May 24, 2018

S.C. "ŞANTIERUL NAVAL ORŞOVA" S.A. Nr. RC J25/150/1991 CIF: RO 1614734 Capital social: - subscris 28.557.297,5 lei - varsat 28.557.297,5 lei Str. Tufări, nr. 4, Orşova, 225200, Mehedinţi Tel.: 0252/362.399; 0252/361.885; Fax: 0252/360.648 E-mail: mircea.sperdea@snorsova.ro; marketing@snorsova.ro Codul LEI (Legal Entity Identifier): 254900UXAJ8TPIKLXG79 Cod IBAN: RO96RNCB0181022634120001- B.C.R. Orşova Cod IBAN: RO59BRDE260SV03176142600- B.R.D. Orşova

TO :

AUTHORITY OF FINANCIAL SURVEILLANCE BUCHAREST EXHANGE HOUSE,

CURENT REPORT IN ACCORDING WITH C.N.V.M. REGULATION NR. 1/2006, AS AMENDED AND SUPPLEMENTED

____________________________________________________________________________________

Report date: 24.05.2018

• Name of the company: S.C. ŞANTIERUL NAVAL ORŞOVA S.A.;
• Registered office: 4, TUFĂRI Street, ORŞOVA, MEHEDINŢI County;
• Telephone/facsimile:0252/362399 0252/360648;
• Single registration code issued by the Trade Register: RO 1614734;
• Registered number with the Trade Register: J25/150/03.04.1991;
• Regulated market where the issued securities are traded: it is a company whose shares are traded on a regulated market, respectively it is listed on the Bucharest Stock Exchange, symbol: SNO
• Subscribed and paid in share capital: 28,557,297.5 Lei
• Class, type, number and core values of securities issued by the company: 11,422,919 common shares, nominative, of 2.5 Lei each;

In accordance with the provisions of Law no.297 / 2004 on capital market, as amended and supplemented and Regulation No.1 / 2006 as amended and supplemented, SC Orşova Shipyard S.A., a company admitted to trading on an organized market, listed on the Bucharest Stock Exchange informs ASF, BSE and its shareholders in this Current Report regarding the following significant events to report:

RENOUNCEMENT ADMINISTRATOR MANDATE

At its meeting on May 24, 2018, the Board of Directors of S.C. Santierul Naval Orsova SA took note of renunciation of his mandate as administrator - starting May 1, 2018 - of Mr. Voiculescu Dan, member of the board of directors of the company.

PRESIDENT OF BOARD OF DIRECTORS Dr. Ec. Mihai Fercala