Fondul Proprietatea

Board/Management Information • Nov 1, 2016

To: Bucharest Stock Exchange Financial Supervisory Authority London Stock Exchange

Current report according to Article 113 (A) para. (1) letter e) of the Romanian National Securities Commission Regulation no. 1/2006 regarding the issuers and the operations with securities, as subsequently amended and completed, as well as the provisions of Article 99 letter h) of the Code of the Bucharest Stock Exchange, Title II, Issuers and Financial Instruments.

Important events to be reported:

Appointment of Mr. Johan Meyer as co-CEO of Franklin Templeton Investment Management Ltd. UK Bucharest Branch and Co-Portfolio Manager of Fondul Proprietatea SA

Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch ("FTIML Bucharest Branch / Investment Manager"), in its capacity as Investment Manager of Fondul Proprietatea SA ("the Fund"), would like to inform shareholders and investors that effective on 1 November 2016, Mr. Johan Meyer is appointed as Co-Chief Executive Officer ("Co-CEO") of FTIML Bucharest Branch and Co-Portfolio Manager ("Co-PM") of Fondul Proprietatea.

Mr. Meyer's focus is on supporting Mr. Grzegorz Maciej Konieczny, CEO of FTIML Bucharest and PM of Fondul Proprietatea on portfolio side as a co-CEO and co-PM level. To this end, Mr. Johan Meyer will be based in Bucharest and will be working closely with FTIML Bucharest Branch's team managing Fondul Proprietatea.

Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch acting as Investment Manager of FONDUL PROPRIETATEA S.A.

Grzegorz Maciej KONIECZNY Legal Representative

Report date: 1 November 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 Registry: 18253260

Order number in the Trade Registry: J40/21901/2005

Subscribed share capital: RON 9,168,314,116.70

Paid-up share capital: RON 8,859,073,619.20

Number of shares in issue: 10,786,251,902

Number of paid shares: 10,422,439,552

Regulated market on which the issued securities are traded: Shares on Bucharest Stock Exchange

GDRs on London Stock Exchange

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 9,168,314,116.70, Paid-up Share Capital: RON 8,859,073,619.20 • Tel.: + 40 21 200 9600; Fax: +40 21 200 9631; Email: office@fondulproprietatea.ro; Internet: www.fondulproprietatea.ro

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