Fondul Proprietatea

Transaction in Own Shares • Sep 8, 2015

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RNS Number : 4548Y

Fondul Proprietatea S.A.

08 September 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 Market Operator, Title II, Issuers and Financial Instruments Important events to be reported: Starting the sixth buy-back programme Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch, in its capacity as Sole Director and Fund Manager of Fondul Proprietatea SA (the "Fund Manager"), would like to inform shareholders that the sixth buy-back programme will start on 9 September 2015.  As per the EGM Resolution no. 5 / 27 April 2015 published in the Official Gazette no. 2431, Part IV ("EGM Resolution") on 15 May 2015, the programme refers to the acquisition by Fondul Proprietatea SA ("The Fund") of a maximum number of (i) 891,770,055 shares or equivalent of for global depositary receipts ("GDRs") corresponding to the Fund's shares or (ii) 10% of the issued share capital at the relevant time, whichever is the lesser, at a minimum value of RON 0.2 per share and a maximum one of RON 2.0 per share. In case of acquisitions of GDRs corresponding to the Fund's shares, the calculation of shares in relation to the aforementioned thresholds shall be based on the number of the Fund's shares underlying such instruments and their minimum and maximum acquisition price in the currency equivalent shall be within the price limits applicable to the share buy-backs above-mentioned, and shall be calculated based on the number of shares represented by each GDR. The maximum unfolding period of this buy-back programme expires on 15 November 2016. The buy-back programme is aimed at the share capital decrease. The Fund Manager announces that following the evaluation of the offers submitted in the brokers' selection process, Wood & Company Financial Services, A.S. (as buy-back agent in relation to the purchase of shares listed on Bucharest Stock Exchange) and Goldman Sachs International (as buy-back agent in relation to the purchase of GDRs listed on London Stock Exchange) have been selected to provide brokerage services for the sixth buy-back programme. The Fund is allowed to buy-back a daily volume of up to 25% of the average daily volume of the Fund's shares (whether in the form of ordinary shares of the Fund or GDRs) on the regulated market on which the purchase is carried out, calculated according to applicable law. The Fund Manager will report weekly on the progress of this buy-back programme according to legislation in force. Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch, acting as Sole Director on behalf of FONDUL PROPRIETATEA S.A. For the Legal Representative Valeria NISTOR Head of Legal Empowered by the Decision of the Sole Administrator of FONDUL PROPRIETATEA S.A., Franklin Templeton Investment Management Ltd United Kingdom Bucharest Branch no. 29/01.09.2015

Report date: 8 September 2015   Name of the issuing entity:     Fondul Proprietatea S.A.         Registered office:                78-80 Buzesti St., 7th 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

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