Fondul Proprietatea

Transaction in Own Shares • Jul 31, 2015

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To: FINANCIAL SUPERVISORY AUTHORITY BUCHAREST STOCK EXCHANGE LONDON STOCK EXCHANGE Re: Notification regarding the transactions performed within the buy-back programme From: FONDUL PROPRIETATEA S.A.

The undersigned, FONDUL PROPRIETATEA S.A., duly represented by Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch, acting in its capacity as Sole Director and Fund Manager, hereby inform you in its capacity of issuer on the following information regarding the transactions concluded during 24 – 29 July 2015, according to Article 150 of the NSC's Regulation no. 1/2006 regarding issuers and operations with securities:

a) Issuer's name (buyer) b) Broker's name c) Description of the acquired financial instruments d) Transaction's type	FONDUL PROPRIETATEA S.A. (FP) Wood & Company Financial Services, a.s. Ordinary shares issued by Fondul Proprietatea (ISIN ROFPTAACNOR5) Buy-back
e) Details with respect to the execution of the buy	Within the trading session
back market orders
f) Total number of shares bought-back in the reporting period	10,334,915
g) Total value of the transactions performed in the reporting period (RON)	8,436,816.97
h) Total number of shares repurchased since the start	227,572,250
of the buy-back program
i) Total value of the shares repurchased since the	193,470,259.59
start of the buy-back program (RON)
j) Number of shares left to be repurchased	0

The details of the transactions carried out during the reporting period with respect to the shares issued by Fondul Proprietatea SA for the purpose of the buy-back are described further below:

Date and place of the transaction	Average price per share (RON)	Volume of the transaction (no. of shares)	Value of the transaction (RON)
24 July 2015 – BVB	0.818118	3,150,000	2,577,071.70
27 July 2015 - BVB	0.81246	1,650,000	1,340,559.00
28 July 2015 – BVB	0.81579	1,969,331	1,606,560.54
29 July 2015 – BVB	0.816872	3,565,584	2,912,625.73

Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch, in its capacity as Sole Director of FONDUL PROPRIETATEA S.A.

Oana Valentina Truța Legal Representative

FONDUL PROPRIETATEA S.A., a closed-end investment company administrated under a unitary system • Headquarters at: 78-80 Buzesti Street, 7th floor, Bucharest 1st district, postal code 011017, Romania. • Fiscal Identification Code (CIF): 18253260, registered with the Trade Registry under no: J40/21901/2005 • Register on Data Protection Notification Register under number 18668 • Subscribed share capital RON 10,965,850,800.30, Paid-up Share Capital: RON 10,638,419,685.30 • Tel.: + 40 21 200 9600; Fax: +40 21 200 9631; Email: office@fondulproprietatea.ro; Internet: www.fondulproprietatea.ro

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