Fondul Proprietatea

Board/Management Information • Aug 9, 2019

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To: Bucharest Stock Exchange Financial Supervisory Authority London Stock Exchange

Current report according to the provisions of Art. 99 letters h) and j) of Title II of the Rulebook of Bucharest Stock Exchange

Important events to be reported:

Update regarding the Board of Nominees of Fondul Proprietatea S.A.

Franklin Templeton International Services S.À R.L., in its capacity as alternative investment fund manager and sole director (the "Fund Manager") of Fondul Proprietatea S.A. (the "Fund"), hereby, informs the investors that Mr. Sorin Mîndruțescu, who has served as a member of the Fund's Board of Nominees (the "Board") since September 2010 and as its Chairman since April 2012, decided to step down with immediate effect from the positions held within the Fund's Board and Consultative Committees.

On 8 August 2019, the Romanian National Anticorruption Directorate published an official communique announcing the start of the formal criminal investigation against Mr. Mîndruțescu, CEO of Oracle Romania. According to the same communique, Mr. Mîndruțescu was placed under judicial control for a period of 60 days.

Franklin Templeton International Services S.À R.L., in its capacity as alternative investment fund manager and sole director of FONDUL PROPRIETATEA S.A.

Johan MEYER Permanent Representative Report date: 9 August 2019

Name of the issuing entity: Fondul Proprietatea S.A.

Registered office: 78-80 Buzesti Street 7 th 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 4,733,020,898.32 Paid-up share capital: RON 4,543,838,476.32 Number of shares in issue: 9,101,963,266 Number of paid shares: 8,738,150,916 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 • Subscribed share capital RON 4,733,020,898.32, Paid-up Share Capital: RON 4,543,838,476.32 • Tel.: + 40 21 200 9600; Fax: +40 21 200 9631; Email: office@fondulproprietatea.ro; Internet: www.fondulproprietatea.ro