Comelf S.A.

Legal Proceedings Report • Aug 12, 2016

Judetul Cluj G5 CONSULTING SRL 405200 Dej,str.Alecu Russo nr.24/2 Nr.Reg.Comertului Cluj:J12/943/2002 Capital social:500 lei Autorizatia CAFR nr.223/07.2002 C.U.I. RO 14650690 Tel/fax:0264-214434 e-mail:office.g500@yahoo.com

Raportul auditorului financiar intocmit conform prevederilor art.113 lit.G alin.(3) din Regulamentul CNVM nr.1/2006

Subscrisa SC G5 CONSULTING SRL persoana juridica inregistrata in tabloul Camerei Auditorilor Financiari din Romania conform adresei nr.1068/21.06.2002 si autorizata de catre Camera Auditorilor Financiari din Romania cu nr.223/02.07.2002 reprezentata de Rus Adina Cornelia auditor financiar cu carnet nr.2889/2008 si auditor al entitatilor din piata de capital cu certificat de absolvire nr.008/14.11.2011 , care are calitatea de auditor financiar la SC COMELF SA ,conform contractului de prestari servicii nr.597-1/1000/14.02.2014,am procedat la analiza tranzactiilor prevazute de art.225 din Legea nr.297/2004 si raportate conform prevederilor sectiunii G aliniatul 3 din Regulamerntul nr.1 /2006 al CNVM.Din analiza efectuata prin coroborarea drepturilor si obligatiilor asumate de parti prin contractele incheiate ne exprimam in cele ce urmeaza opinia noastra bazata pe cunostintele in domeniu si experienta profesionala.

Facem precizarea ca analiza se refera la tranzactiile efectuate pe parcursul semestrului I al anului 2016 si care intra sub incidenta prevederilor art.225 din Legea nr.297/2004 .

Nr.	Partener contract	Nr.si data contract	Nr. si valoare	Nr.si data
crt.		(Act aditional)	COMANDA/Rulaj SEM. I	transm. la
			2016	CNVM
1	COMELF SA	Contract nr.4/06.12.2002	833.675 lei/ 185.261 euro	Raport curent
	-cumparator	valoare totala 11.000.000		din 12.08.2016
		euro/an
	UZINSIDER TECHNO SA
	-vinzator
2	UZINSIDER TECHNO SA	Contract de vinzare	12.086.843 lei /2.685.965
	-cumparator	cumparare ELF-UZT	euro	- " -
		6627/17.11.2015,valoare
	COMELF SA	totala de 5.000.000 euro/an
	-vanzator
3	UZINSIDER GENERAL	Acord de colaborare si	-
	CONTRACTOR SA	prestatii,valoare totala		- " -
	-cumparator	500.000 euro/an
	COMELF SA		2.449 lei/544 euro

	-vinzator
4	UZINSIDER SA	Contract de consultanta
	-consultant	nr.15/31.12.2007,Act		- " -
		aditional nr. 592/28. 05.
	COMELF SA	2014, valoare de 1.029.600
	-beneficiar	lei/an echivalent a 249.000	497.096 lei / 110.466 euro
		euro si Act aditional nr.
		.256/30.05.2016 in valoare
		de 817.163 lei/181.592 euro
5	24 IANUARIE SA	Acord de colaborare si	4.667 lei/1.037 euro
	-cumparator –	prestatii in valoare de		- " -
	COMELF SA	200.000 euro/an
	- vinzator
6	PROMEX SA Braila	Acord de colaborare si	37.716 lei/8.382 euro
	-cumparator –	prestatii in valoare de		- " -
	COMELF SA	200.000 euro/an
	-vinzator

Sumele din contracte nu includ TVA.

Preturile sunt in conformitate cu cele practicate pe piata si nu au fost lezate interesele economice ale SC COMELF SA prin nici unul din contractele mentionate mai sus.

Drept pentru care am intocmit prezentul raport in trei exemplare cite un exemplar pentru CNVM(ASF),SC COMELF SA si unul pentru auditor.

Bistrita la:12.08.2016 G5 CONSULTING SRL prin reprezentant Rus Adina Cornelia carnet CAFR nr.2889/2008

…………………………………………………….

County of CLUJ G5 CONSULTING SRL RO-405200, DEJ, no. 24/2, ALECU RUSSO street, Cluj Trade Register Registration Number: J12/943/2002 Registered Capital: 500 RON CAFR Authorization no. 223/07/2002 VAT Number: RO-14650690 Telephone / Fax no.: +40-264-214434 E-mail: office.g500@yahoo.com

Financial Auditor Report drafted according to the requirements of art. 113, item G, par. (3) of Order no. 1/2006 of the Romanian Commission for Transferable Securities

The undersigned SC G5 CONSULTING SRL, legal person registered with the Panel of the Chamber of Financial Auditors of Romania according to the letter no. 1068 / 21.06.2002 and authorized by the Chamber of Financial Auditors of Romania as certified by Certificate no. 223/02.07.2002, represented by RUS Adina Camelia, financial auditor owner of Financial Auditor membership card no. 2889/2008 and auditor of stock-market entities and graduation certificate no. 008/14.11.2011, as financial auditor of SC COMELF SA, according to Service Contract no. 597-1 / 1000 / 14.02.2014, I have proceeded to review the transactions outlined by article 225 of Law no. 297 / 2004 and reported according to Section G Paragraph 3 of Order no. 1 / 2006 of RCTS. The review has been performed by corroborating rights and claims undertaken by the parties through the contracts entered into, and we have expressed below our opinion based on our knowledge in the field and our professional experience.

Item	Contract Parties	Contract no. and date	PO no. and value /	No. and date sent
			Turnover Ist	to RCTS
			Semester 2016
1	COMELF SA -buyer	Contract no. 4/06.12.2002	833.675 RON /	Current Report of
	UZINSIDER TECHNO SA	total value 11.000.000	185.261 EURO	August 12th, 2016
	-seller	EURO/year
2	UZINSIDER TECHNO SA	Contract no. ELF-UZT	12.086.843 RON /	- " -
	-buyer	6627/17.11.2015, total	2.865.965 EURO
	COMELF SA -Seller	value of 5.000.000
		EURO/year
3	UZINSIDER GENERAL	Service and collaboration	-	- " -
	CONTRACTOR SA -	agreement, total value	2.449 RON / 544
	buyer	500.000 EURO/year	EURO
	COMELF SA -seller

It is worth mentioning that the review has included only transactions performed during the first semester of 2016 and required to undergo scrutiny according to the requirements of article 225 of Law no. 297 / 2004.

Item	Contract Parties	Contract no. and date	PO no. and value /	No. and date sent
			Turnover Ist	to RCTS
			Semester 2016
4	UZINSIDER SA -	Consulting Agreement no.	497.096 RON /	- " -
	consultant	15/31.12.2007, addendum	110.466 EURO
	COMELF SA -customer	no. 592/28.05.2014,
		amounting to 1.029.600
		RON/year equivalent to
		249.000 EURO and
		Addendum no.
		256/30.05.2016
		amounting to 817.163
		RON / 181.592 EURO
5	24 IANUARIE SA -	Service and collaboration	4.667 RON / 1.037	- " -
	buyer	agreement, total value	EURO
	COMELF SA -seller	200.000 EURO/year
6	PROMEX SA Brăila -	Service and collaboration	37.716 RON /	- " -
	buyer	agreement, total value	8.382 EURO
	COMELF SA -seller	200.000 EURO/year

The amounts in the contracts do not include VAT.

The prices stipulated are in agreement with those present on the market and none of the contracts listed above for which COMELF SA is a signatory damages the financial interests of SC COMELF SA.

To confirm the above, this Audit Report has been drafted in three hard copies, one copy for each of the following entities: Romanian Commission for Transferable Securities, COMELF SA and the auditor.

Issued in Bistrita on August 12th, 2016 G5 CONSULTING SRL

Through its Repreasentative, RUS Adina Cornelia

RCFA membership Card no. 2889/2008

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