Fondul Proprietatea

Transaction in Own Shares • Jun 6, 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 30 May - 3 June 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
d) Transaction's type	Fund's shares listed on the London Stock Exchange ("LSE") Buy-back
e) Details with respect to the execution of the buy	Within the trading session
back market orders f) Total number of shares and equivalent shares	10,970,876
of GDRs bought-back in the reporting period,
out of which:
- current number of shares bought back	10,970,876
- equivalent shares of current number of	0 (representing 0 GDRs)
GDRs bought back
g) Total value of the transactions performed in	8,082,596.81
the reporting period (RON), out of which: - value of the shares acquisition (RON)	8,082,596.81
- estimated value of the equivalent shares of	0
GDRs based on the exchange rate
communicated by the National Bank of
Romania (RON) h) Total number of shares and equivalent shares	267,432,420
of GDRs repurchased since the start of the sixth
buy-back program
- number of shares bought back	220,058,520
- equivalent shares of current number of	47,373,900 (representing 947,478 GDRs)
GDRs bought back - equivalent shares of current number of	47,373,900 (representing 947,478 GDRs)
GDRs converted in shares from the start of
sixth buy-back programme
	_____________________ FONDUL PROPRIETATEA S.A., an alternative investment fund • 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 9,869,265,720.90, Paid-up Share Capital: RON 9,541,834,605.90 • Tel.: + 40 21 200 9600; Fax: +40 21 200 9631; Email: office@fondulproprietatea.ro; Internet: www.fondulproprietatea.ro

k) Number of shares left to be repurchased from seventh buy-back programme	204,815,025
sixth buy-back programme
j) Number of shares left to be repurchased from	624,337,635
Romania (RON)
GDRs based on the exchange rate communicated by the National Bank of
- estimated value of the equivalent shares of	38,181,070.92
- value of the shares acquisition (RON)	171,717,417.79
i) Total value of the shares repurchased since the start of the sixth buy-back program (RON)	209,898,488.71
- % of total voting rights as at 30 April 2016	2.57
2016
2016 - % of paid-up share capital as at 30 April	2.52
- % of subscribed share capital as at 30 April	2.43

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)
30 May 2016	BVB	0.7263 RON	1,779,207 shares	1,292,238.04 RON
31 May 2016	BVB	0.7355 RON	1,772,900 shares	1,303,967.95 RON
1 June 2016	BVB	0.7360 RON	2,036,080 shares	1,498,554.88 RON
2 June 2016	BVB	0.7553 RON	2,261,843 shares	1,708,370.02 RON
3 June 2016	BVB	0.7304 RON	3,120,846 shares	2,279,465.92 RON

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

Adrian CIGHI Legal Representative

FONDUL PROPRIETATEA S.A., an alternative investment fund • 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 9,869,265,720.90, Paid-up Share Capital: RON 9,541,834,605.90 • Tel.: + 40 21 200 9600; Fax: +40 21 200 9631; Email: office@fondulproprietatea.ro; Internet: www.fondulproprietatea.ro

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