Fondul Proprietatea

Transaction in Own Shares • Apr 4, 2016

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RNS Number : 1154U

Fondul Proprietatea S.A.

04 April 2016

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. ("FP / The Fund"), represented by Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch, acting in its capacity as Investment Manager, hereby informs you in its capacity as Issuer on the following information regarding the transactions concluded during 28 March - 1 April 2016, according to Article 150 of the NSC's Regulation no. 1/2006 regarding issuers and operations with securities:

a) Issuer's name (buyer)	FONDUL PROPRIETATEA S.A. Bucharest Stock Exchange Symbol: FP London Stock Exchange Symbol: FP.
b) Broker's name	WOOD & COMPANY FINANCIAL SERVICES A.S. (as buy-back agent in relation to the purchase of shares), and GOLDMAN SACHS INTERNATIONAL (as buy-back agent in relation to the purchase of GDRs)
c) Description of the acquired financial instruments	Ordinary shares issued by the Fund (ISIN ROFPTAACNOR5) listed on the Bucharest Stock Exchange  ("BVB"), and Global Depositary Receipts ("GDRs") corresponding to the Fund's shares listed on the London Stock Exchange ("LSE")
d) Transaction's type	Buy-back
e) Details with respect to the execution of the buy-back market orders	Within the trading session
f) Total number of shares and equivalent shares of GDRs bought-back in the reporting period, out of which:	5,504,467
-     current number of shares bought back	3,363,917
-     equivalent shares of current number of GDRs bought back	2,140,550 (representing 42,811 GDRs)
g) Total value of the transactions performed in the reporting period (RON), out of which:	4,234,498.58
-     value of the shares acquisition (RON)	2,594,603.96
-     estimated value of the equivalent shares of GDRs based on the exchange rate communicated by the National Bank of Romania (RON)	1,639,894.62
h) Total number of shares and equivalent shares of GDRs repurchased since the start of the sixth buy-back program	207,464,881
-     number of shares bought back	162,330,981
-     equivalent shares of current number of GDRs bought back -     equivalent shares of current number of GDRs converted in shares from the start of sixth buy-back programme	45,133,900 (representing  902,678 GDRs) 40,123,700 (representing 802,474 GDRs)
-     % of subscribed share capital as at 14 March 2016	1.89
-     % of paid-up share capital as at 14 March 2016	1.95
-     % of total voting rights as at 14 March 2016	1.99
i) Total value of the shares repurchased since the start of the sixth buy-back program (RON)	165,260,708.70
-     value of the shares acquisition (RON)	128,786,315.32
-     estimated value of the equivalent shares of GDRs based on the exchange rate communicated by the National Bank of Romania (RON)	36,474,393.38
j) Number of shares left to be repurchased from sixth buy-back programme	684,305,174
k) Number of shares left to be repurchased from seventh buy-back programme	204,815,025

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

Date of the transaction	Market on which the securities were traded	Average price per security (currency)	Volume of the transaction (no. of securities)	Value of the transaction (currency)
28 March 2016	BVB	0.7736 RON	75,287 shares	58,242.02 RON
29 March 2016	BVB	0.7724 RON	742,439 shares	573,459.88 RON
LSE	9.6500 USD	8,811 GDRs (equivalent to 440,550 shares)	85.026,15 USD
30 March 2016	BVB	0.7725 RON	774,584 shares	598,366.14 RON
LSE	9.6500 USD	10,000 GDRs (equivalent to 500,000 shares)	96.500,00 USD
31 March 2016	BVB	0.7716 RON	985,786 shares	760,632.48 RON
LSE	9.6850 USD	10,000 GDRs (equivalent to 500,000 shares)	96.850,00 USD
1 April 2016	BVB	0.7685 RON	785,821 shares	603,903.44 RON
LSE	9.6893 USD	14,000 GDRs (equivalent to 700,000 shares)	135.650,20 USD

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

Adrian CIGHI

Legal Representative

This information is provided by RNS

The company news service from the London Stock Exchange

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