Fondul Proprietatea

Regulatory Filings • Aug 19, 2015

To: Bucharest Stock Exchange Financial Supervisory Authority London Stock Exchange

Current report according to Article 99 of the Code of the Bucharest Stock Exchange, Title II, Issuers and Financial Instruments.

Important events to be reported:

Review of strategic options for Fondul Proprietatea S.A. holding in OMV Petrom S.A.

Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch ("the Fund Manager"), in its capacity as sole director and fund manager of Fondul Proprietatea SA ("the Fund"), would like to inform shareholders that, as part of its ongoing commitment to increase value for shareholders and to improve the liquidity of the assets in the Fund's portfolio, the Fund continues to review strategic options to potentially reduce its ownership interest in OMV Petrom S.A. (the "Company") to below 15% of the issued share capital of the Company including via a public offering of both shares and Global Depositary Receipts representing interests in shares ("GDRs"), with GDRs to be listed on the London Stock Exchange. Any such transaction is subject to both favourable market conditions and required approvals.

The review remains an ongoing process, is subject to a number of developments and market conditions and no firm decision has been yet taken to move forward with a transaction. As mentioned in our previous ongoing reporting (5 March 2014) further announcements will be made as and when a firm decision is taken.

The Fund currently holds 19% of the issued share capital of the Company (representing 32.86% of the Fund's NAV as at 31 July 2015) and aims to enhance the trading liquidity of the Company's shares while remaining committed as a long term core shareholder to its successful development.

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

Adrian Cighi Legal Representative

Report date: 19 August 2015

Name of the issuing entity: Fondul Proprietatea S.A.

Registered office: 78-80 Buzesti St., 7 th floor, district 1, Bucharest, postal code 011017

Phone/fax number: Tel.: + 40 21 200 9600 Fax: + 40 21 200 9631

Sole Registration Code with the Trade Register Office: 18253260

Order number in the Trade Register: J40/21901/2005

Subscribed share capital: RON 10,074,080,745.90

Paid-up share capital: RON 9,746,649,630.90

Number of shares in issue: 11,193,423,051

Number of paid shares: 10,829,610,701

Regulated market on which the issued securities are traded: Shares on Bucharest Stock Exchange

GDRs on London Stock Exchange

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 10,074,080,745.90, Paid-up Share Capital: RON 9,746,649,630.90 • Tel.: + 40 21 200 9600; Fax: +40 21 200 9631; Email: office@fondulproprietatea.ro; Internet: www.fondulproprietatea.ro

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