Fondul Proprietatea

Transaction in Own Shares • Jul 23, 2018

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RNS Number : 4742V

Fondul Proprietatea S.A.

23 July 2018

To:	FINANCIAL SUPERVISORY AUTHORITY
	BUCHAREST STOCK EXCHANGE
	LONDON STOCK EXCHANGE
Re:	Notification regarding the transactions performed within the ninth 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 16 - 20 July 2018:

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 JEFFERIES INTERNATIONAL LIMITED (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") (ISIN US34460G1067) 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:	2,978,353
-     current number of shares bought back	998,353
-     equivalent shares of current number of GDRs bought back	1,980,000
g) Total value of the transactions performed in the reporting period (RON), out of which:	2,626,280.81
-     value of the shares acquisition (RON)	886,743.20
-     estimated value of the equivalent shares of GDRs based on the exchange rate communicated by the National Bank of Romania (RON)	1,739,537.61
h) Total number of shares and equivalent shares of GDRs repurchased since the start of the ninth buy-back program	1,392,068,160
-     number of shares bought back	798,078,660
-     equivalent shares of current number of GDRs bought back -     equivalent shares of current number of GDRs converted in shares from the start of ninth buy-back programme	593,989,500 (representing 11,879,790 GDRs) 587,737,150 (representing 11,754,743 GDRs)
-     % of subscribed share capital as at 30 June 2018	14.91% (and 15.71% computed to the total outstanding treasury shares and equivalent)
-     % of paid-up share capital as at 30 June 2018	15.52% (and 16.34% computed to the total outstanding treasury shares and equivalent)
-     % of total voting rights as at 30 June 2018	18.92% (and 19.92% computed to the total outstanding treasury shares and equivalent)
i) Total value of the shares repurchased since the start of the ninth buy-back program (RON)	1,298,659,734.08
-     value of the shares acquisition (RON)	744,410,059.32
-     estimated value of the equivalent shares of GDRs based on the exchange rate communicated by the National Bank of Romania (RON)	554,249,674.76
j) Number of shares left to be repurchased within the ninth buy-back programme as of the date of this notification	368,956,342

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)
16 July 2018	BVB	RON 0.8880	687,346 shares	RON 610,363.25
17 July 2018	BVB	RON 0.8870	4,814 shares	RON 4,270.02
LSE	USD 10.9714	14,000 GDRs (700,000 shares equivalent)	USD 153,599.60
18 July 2018	BVB	RON 0.8887	286,604 shares	RON 254,704.97
19 July 2018	BVB	RON 0.8880	9,665 shares	RON 8,582.52
LSE	USD 11.0000	13,200 GDRs (660,000 shares equivalent)	USD 145,200.00
20 July 2018	BVB	RON 0.8890	9,924 shares	RON 8,822.44
LSE	USD 11.0000	12,400 GDRs (620,000 shares equivalent)	USD 136,400.00

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

Johan MEYER

Legal Representative

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