Santierul Naval Orsova S.A.

Board/Management Information • Jun 27, 2019

S.C. "ŞANTIERUL NAVAL ORŞOVA" S.A. No. RC J25/150/1991 CIF: RO 1614734 Issued capital: - subscribed 28.557.297,5 lei - paid 28.557.297,5 lei Str. Tufări, no. 4, Orşova, 225200, Mehedinţi Tel.: 0252/362.399; 0252/361.885; Fax: 0252/360.648 E-mail: mircea.sperdea@snorsova.ro marketing@snorsova.ro Code IBAN: RO96RNCB0181022634120001- B.C.R. Orşova Code IBAN: RO59BRDE260SV03176142600- B.R.D. Orşova

To:

THE STOCK EXCHANGE BUCHAREST – Department of Operations Issuers of Regulated Markets FINANCIAL MONITORING AUTHORITY – Department of Financial Instruments and Investments

CURRENT REPORT ACCORDING TO THE LAW NO. 24/2017 AND TO THE ASF REGULATION NO. 5/2018 Concerning the issuers of financial instruments and market operations

DATE OF THE REPORT: 27TH of June 2019

• Name of the trading company: S.C. ŞANTIERUL NAVAL ORŞOVA S.A.;
• Registered office: 4, TUFĂRI Street, ORŞOVA, MEHEDINŢI County;
• Telephone/fax:0252/362399 0252/360648;
• Single registration code issued by the Trade Register: RO 1614734;
• Registered number with the Trade Register's Office: J25/150/03.04.1991;
• Code Lei: 254900UXAJ8TPIKLXG79
• Subscribed and paid in share capital: 28,557,297.5 Lei
• Number of shares: 11.422.919 common shares, of 2,5 lei each;
• Regulated market where the issued securities are traded: Bucharest Stock Exchange-category Standard (symbol: SNO)

IMPORTANT EVENT TO REPORT: Changes in executive management

S. C. Naval Shipyard Orsova S.A. informs shareholders and all those interested that, considering vacant post of Economic Director of the Company due to the retirement of Mr. Caraiman Gheorghe on 30/06/2019, the Board of Directors decided in its meeting on 26.06.2019 the appointment on this post of Mrs. Visescu Marilena, Romanian citizen, starting with 01.07.2019.

General Manager, Eng. Mircea Ion Sperdea