Fondul Proprietatea

Report Publication Announcement • Jan 13, 2016

To: Bucharest Stock Exchange Financial Supervisory Authority London Stock Exchange

According to Chapter VI, Section 2, Article 92 of Bucharest Stock Exchange Rulebook Market Operator

Important events to be reported:

Financial calendar 2016 for Fondul Proprietatea SA

Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch, in its capacity as sole director and fund manager of the Fund (the "Fund Manager"), publishes the financial calendar for 2015 for Fondul Proprietatea SA:

Event	Deadline
Preliminary annual financial results 2015	15 February 2016
2015 Preliminary Annual Results Conference Call	15 February 2016
Annual General Shareholders Meeting (GSM)	26 April 2016
Submission of Annual Report as at 31 December 2015	27 April 2016
Submission of Quarterly Report for the first quarter 2016 (31 March 2016)	13 May 2016
Q1 2016 Results Conference Call	13 May 2016
Submission of Semi-Annual Report 2016 (30 June 2016)	12 August 2016
H1 2016 Results Conference Call	12 August 2016
Fondul Proprietatea Analyst and Investor Days	7-9 September 2016
Submission of Quarterly Report for the third quarter 2016 (30 September 2016)	15 November 2016
Q3 2016 Results Conference Call	15 November 2016

Report date: 13 January 2016

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

In case of changes of any dates mentioned in this schedule, the new proposed dates will be communicated with at least 48 hours before the initially set date.

Franklin Templeton Investment Management Ltd United Kingdom Bucharest Branch, acting as Sole Administrator on behalf of FONDUL PROPRIETATEA S.A.

Oana Valentina TRUŢA Legal Representative