Fondul Proprietatea

Declaration of Voting Results & Voting Rights Announcements • Dec 6, 2018

To: Bucharest Stock Exchange Financial Supervisory Authority London Stock Exchange

Current report according to Article 99 of the Rule book of the Bucharest Stock Exchange Market Operator, Title II, Issuers and Financial Instruments

Events to be reported:

Shareholding structure and total number of voting rights as at 30 November 2018

The shareholding structure at the level of Fondul Proprietatea S.A. ("the Fund") as at 30 November 2018, as received from Depozitarul Central S.A., was as follows:

Shareholder Type	% of subscribed share capital	% of paid– up share capital	% of total voting rights
The Bank of New York Mellon (depository bank for Global Depository Receipts) – out of which Fondul Proprietatea held 20,440 Global Depository Receipts (1,022,000 shares equivalent)	28.90	30.09	36.50
Romanian institutional shareholders	16.79	17.48	21.22
Romanian private individuals	15.65	16.30	19.78
Foreign institutional shareholders	15.32	15.95	19.36
Foreign private individuals	2.42	2.52	3.05
Ministry of Public Finance	4.04	0.08	0.09
Treasury Shares1	16.88	17.58	0.00
Total	100	100	100

Also, please note that the total number of shareholders was 6,171 and the total number of voting rights was 7,262,376,432.

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

Johan Meyer Legal Representative

Report date:

6 December 2018 Name of the issuing entity: Fondul Proprietatea S.A. Registered office: 78-80 Buzesti Street 7th floor, district 1, Bucharest, 011017 Phone/fax number: Tel.: + 40 21 200 9600 Fax: + 40 21 200 9631 Email: office@fondulproprietatea.ro Internet: www.fondulproprietatea.ro Sole Registration Code with the Trade Register Office: 18253260 Order number in the Trade Register: J40/21901/2005 Subscribed share capital: RON 4,771,610,196.08 Paid-up share capital: RON 4,582,427,774.08 Number of shares in issue: 9,176,173,454 Number of paid shares: 8,812,361,104 Regulated market on which the issued securities are traded: Shares on Bucharest Stock Exchange GDRs on London Stock Exchange

__________________________________________________________________________________________________________________________________________________________________________ ¹ 1,548,962,672 treasury shares out of which 74,210,188 treasury shares acquired by the Fund within the eighth buyback program and 1,474,752,484 treasury shares acquired by the Fund within the ninth buyback program

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 4,771,610,196.08, Paid-up Share Capital: RON 4,582,427,774.08 • Tel.: + 40 21 200 9600; Fax: +40 21 200 9631; Email: office@fondulproprietatea.ro; Internet: www.fondulproprietatea.ro