Fondul Proprietatea — Major Shareholding Notification 2016

Jul 7, 2016

To: Bucharest Stock Exchange Financial Supervisory Authority London Stock Exchange

Current report according to the provisions of Article 99 letter s) of the Code of the Bucharest Stock Exchange, Title II, Issuers and Financial Instruments.

Important events to be reported:

Shareholding structure and total number of voting rights as at 30 June 2016

The shareholding structure and total number of voting rights at the level of Fondul Proprietatea SA ("The Fund") as at 30 June 2016, as received from Depozitarul Central SA, were 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 22,500 Global Depository Receipts (1,125,000 shares equivalent)	33.33	34.48	35.43
Foreign institutional shareholders	23.90	24.72	25.40
Romanian private individuals	19.74	20.42	20.99
Romanian institutional shareholders	13.46	13.92	14.31
Foreign private individuals	3.59	3.71	3.82
Ministry of Public Finance	3.36	0.04	0.05
Fondul Proprietatea	2.62	2.71	0.00
Total	100	100	100

The total number of shareholders was 7,892 and the total number of voting rights was 10,313,668,344.

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

Oana Valentina Truța Legal Representative Report date: 7 July 2016

Name of the issuing entity:

Fondul Proprietatea S.A.

Registered office:

78-80 Buzesti St., 7 th floor, district 1, Bucharest, postal code 011017

Phone/fax number:

Tel.: + 40 21 200 9600

Fax: + 40 21 200 9631

Sole Registration Code with the Trade Register Office: 18253260

Order number in the Trade Register: J40/21901/2005

Subscribed share capital: RON 9,320,973,180.85

Paid-up share capital: RON 9,011,732,683.35

Number of shares in issue: 10,965,850,801

Number of paid shares: 10,602,038,451

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 • Register on Data Protection Notification Register under number 18668 • Subscribed share capital RON 9,320,973,180.85, Paid-up Share Capital: RON 9,011,732,683.35 • Tel.: + 40 21 200 9600; Fax: +40 21 200 9631; Email: office@fondulproprietatea.ro; Internet: www.fondulproprietatea.ro

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