Fondul Proprietatea

Transaction in Own Shares • Sep 28, 2020

National Storage Mechanism | Additional information

RNS Number : 3397A

Fondul Proprietatea S.A.

28 September 2020

To:	FINANCIAL SUPERVISORY AUTHORITY
	BUCHAREST STOCK EXCHANGE
	LONDON STOCK EXCHANGE
Re:	Notification regarding the buy-back transactions
From:	FONDUL PROPRIETATEA S.A.

Considering article 2 of Commission Delegated Regulation (EU) 2016/1052 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the conditions applicable to buy-back programmes and stabilisation measures, Article 5(3) of Regulation (EU) No 596/2014 on market abuse (market abuse regulation) and Article 26 (3) of Regulation (EU) No 600/2014 on markets in financial instruments, 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 21 September - 25 September 2020:

a) Issuer's name (buyer)	FONDUL PROPRIETATEA S.A. Bucharest Stock Exchange Symbol: FP London Stock Exchange Symbol: FP.
b) Brokers' names	·  SWISS CAPITAL S.A., and ·  AUERBACH GRAYSON
c) Description of the acquired financial instruments and trading place	Ordinary shares issued by the Fund (ISIN ROFPTAACNOR5) listed and traded on the Bucharest Stock Exchange ("BVB"), and Global Depositary Receipts ("GDRs") (ISIN US34460G1067) corresponding to the Fund's shares listed and traded 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

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	Weighted average price per share (RON)*	Weighted average price per GDR (USD)*	Volume of the transaction (no. of shares)	Volume of the transaction (no. of GDRs)	Value of the transaction with shares (RON)	Value of the transaction with GDRs (USD)
21 September 2020	1.2689	-	2,558,279	-	3,246,200.22	-
22 September 2020	1.2733	-	2,585,149	-	3,291,670.22	-
23 September 2020	1.3084	15.5000	2,592,962	7,803	3,392,631.48	120,946.50
24 September 2020	1.3271	15.5000	2,612,745	26,026	3,467,373.89	403,403.00
25 September 2020	1.3311	15.500	2,674,161	29,698	3,559,575.71	460,319.00
Number of shares and GDRs bought-back during the reporting period			13,023,296 shares	63,527 GDRs (representing 3,176,350 shares)	-	-
Total value of the transactions performed in the reporting period			-	-	16,957,451.52 RON total value of the shares acquisition	984,668.50 USD total value of the GDRs acquisition 4,104,013.28 RON estimated value of the equivalent shares of GDRs based on the exchange rate communicated by the National Bank of Romania
Total number of shares and GDRs bought-back and total value of transactions performed during 2020			422,792,509 shares	3,425,111 GDRs (representing 171,255,550 shares)	553,693,846.95 RON total value of the shares acquisition	54,676,074.29 USD total value of the GDRs acquisition 231,273,510.08 RON estimated value of the equivalent shares of GDRs based on the exchange rate communicated by the National Bank of Romania
Number of shares left to be repurchased within the eleventh buy-back programme as of the date of this notification			205,951,941 shares

* The weighted average price per security was rounded to 4-digits

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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