Fondul Proprietatea

National Storage Mechanism | Additional information

RNS Number : 2544W

Fondul Proprietatea S.A.

20 December 2021


To: Bucharest Stock Exchange Financial Supervisory Authority London Stock Exchange Current report according to 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: 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. Mark Gitenstein has resigned from his positions held within the Fund's Board of Nominees (the "Board") and all consultative committees of the Fund. The effective date of the resignation is 18 December 2021. The appointment of a new member of the Board will be on the agenda of the next general meeting of the shareholders. The procedure for proposing a candidate and the required documentation will be published on or around 24 February 2022, when the Fund Manager will publish the current report for calling general the annual shareholders meetings. Mr. Johan Meyer, Portfolio Manager for the Fund and CEO for Franklin Templeton International Services S.À R.L. Bucharest Branch stated: "I would like to thank Mr. Gitenstein for his dedication, guidance and support to the Fund during the eight years in which he served as member of the Board of Nominees. He has been relentlessly advocating for the Fund's key objectives, particularly increased corporate governance, transparency and accountability in state-owned portfolio companies. It has been a privilege working with him and I would like to wish him all the best in his future endeavours". Mrs. Ilinca von Derenthall, Chairperson of the Board of Nominees, added: "The Board of Nominees greatly appreciates the commitment, vision and valuable input brought by Mr Gitenstein to the Board and the Fund during his long-term tenure. We especially salute his support for the development of the Romanian capital market for the benefit of all stakeholders involved and his unwaivering dedication to implementing best corporate governance practices. It has been a great pleasure and growth opportunity working with him for the past year and I wish him all the best in his future career." Franklin Templeton International Services S.À R.L, in its capacity of alternative investment fund manager of FONDUL PROPRIETATEA S.A. Johan MEYER Permanent Representative	Report date: 20 December 2021 Name of the issuing entity: Fondul Proprietatea S.A. Registered office: 76-80 Buzesti Street 7th floor, district 1, Bucharest, 011017 Phone/fax number: Tel.: + 40 21 200 9600 Fax: + 40 21 200 9631 Email: [email protected] 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 3,334,342,422.84 Paid-up share capital: RON 3,145,160,000.84 Number of shares in issue: 6,412,196,967 Number of paid shares: 6,048,384,617 Regulated market on which the issued securities are traded: Shares on Bucharest Stock Exchange GDRs on London Stock Exchange

To:          Bucharest Stock Exchange

                Financial Supervisory Authority

              London Stock Exchange

Current report according to 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:

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. Mark Gitenstein has resigned from his positions held within the Fund's Board of Nominees (the "Board") and all consultative committees of the Fund. The effective date of the resignation is 18 December 2021.

The appointment of a new member of the Board will be on the agenda of the next general meeting of the shareholders.

The procedure for proposing a candidate and the required documentation will be published on or around 24 February 2022, when the Fund Manager will publish the current report for calling general the annual shareholders meetings.

Mr. Johan Meyer, Portfolio Manager for the Fund and CEO for Franklin Templeton International Services S.À R.L. Bucharest Branch stated: "I would like to thank Mr. Gitenstein for his dedication, guidance and support to the Fund during the eight years in which he served as member of the Board of Nominees. He has been relentlessly advocating for the Fund's key objectives, particularly increased corporate governance, transparency and accountability in state-owned portfolio companies. It has been a privilege working with him and I would like to wish him all the best in his future endeavours".

Mrs. Ilinca von Derenthall, Chairperson of the Board of Nominees, added: "The Board of Nominees greatly appreciates the commitment, vision and valuable input brought by Mr Gitenstein to the Board and the Fund during his long-term tenure. We especially salute his support for the development of the Romanian capital market for the benefit of all stakeholders involved and his unwaivering dedication to implementing best corporate governance practices. It has been a great pleasure and growth opportunity working with him for the past year and I wish him all the best in his future career."

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

Johan MEYER

Permanent Representative

Report date:

20 December 2021

Name of the issuing entity:

Fondul Proprietatea S.A.

Registered office:

76-80 Buzesti Street

7th floor, district 1,

Bucharest, 011017

Phone/fax number:

Tel.: + 40 21 200 9600

Fax: + 40 21 200 9631

Email:

[email protected]

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 3,334,342,422.84

Paid-up share capital:

RON 3,145,160,000.84

Number of shares in issue:

6,412,196,967

Number of paid shares:

6,048,384,617

Regulated market on which the issued securities are traded:

Shares on Bucharest Stock Exchange

GDRs on London Stock Exchange

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