Fondul Proprietatea

Transaction in Own Shares • Apr 25, 2016

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RNS Number : 2664W

Fondul Proprietatea S.A.

25 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 18 - 22 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:	6,545,052
-     current number of shares bought back	6,395,052
-     equivalent shares of current number of GDRs bought back	150,000 (representing 3,000 GDRs)
g) Total value of the transactions performed in the reporting period (RON), out of which:	4,977,869.97
-     value of the shares acquisition (RON)	4,864,901.67
-     estimated value of the equivalent shares of GDRs based on the exchange rate communicated by the National Bank of Romania (RON)	112,968.30
h) Total number of shares and equivalent shares of GDRs repurchased since the start of the sixth buy-back program	225,815,087
-     number of shares bought back	179,031,187
-     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	46,783,900 (representing 935,678 GDRs) 40,123,700 (representing 802,474 GDRs)
-     % of subscribed share capital as at 31 March 2016	2.05
-     % of paid-up share capital as at 31 March 2016	2.12
-     % of total voting rights as at 31 March 2016	2.17
i) Total value of the shares repurchased since the start of the sixth buy-back program (RON)	179,231,189.29
-     value of the shares acquisition (RON)	141,499,647.71
-     estimated value of the equivalent shares of GDRs based on the exchange rate communicated by the National Bank of Romania (RON)	37,731,541.58
j) Number of shares left to be repurchased from sixth buy-back programme	665,954,968
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)
18 April 2016	BVB	0.7619 RON	359,960 shares	274,253.52 RON
19 April 2016	BVB	0.7595 RON	1,071,820 shares	814,047.29 RON
20 April 2016	BVB	0.7633 RON	1,885,673 shares	1,439,334.20 RON
21 April 2016	BVB	0.7605 RON	1,917,819 shares	1,458,501.35 RON
22 April 2016	BVB	0.7577 RON	1,159,780 shares	878,765.31 RON
LSE	9.500 USD	3,000 GDRs (equivalent 150,000 shares)	28,500.00 USD

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

Oana Valentina TRUŢA

Legal Representative

This information is provided by RNS

The company news service from the London Stock Exchange

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