Fondul Proprietatea

Transaction in Own Shares • Sep 4, 2017

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RNS Number : 7777P

Fondul Proprietatea S.A.

04 September 2017

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

The undersigned, 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 28 August - 1 September 2017, per Article 150 paragraph (2) of the NSC's Regulation no. 1/2006 regarding issuers and operations with securities:

a)  Issuer's name (buyer)	FONDUL PROPRIETATEA S.A. Bucharest Stock Exchange Symbol: FP London Stock Exchange Symbol: FP.
b) Broker's name	WOOD & COMPANY FINANCIAL SERVICES A.S. (as buy-back agent in relation to the purchase of shares), and JEFFERIES INTERNATIONAL LIMITED (as buy-back agent in relation to the purchase of GDRs)
c) Description of the acquired financial instruments	Ordinary shares issued by the Fund (ISIN ROFPTAACNOR5) listed on the Bucharest Stock Exchange ("BVB"), and Global Depositary Receipts ("GDRs") (ISIN US34460G1067) corresponding to the Fund's shares listed 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
f) Total number of shares and equivalent shares of GDRs bought-back in the reporting period, out of which:	3,126,162
-       current number of shares bought back	2,126,162
-       equivalent shares of current number of GDRs bought back	20,000 (representing 1,000,000 GDRs)
g) Total value of the transactions performed in the reporting period (RON), out of which:	2,720,903.40
-       value of the shares acquisition (RON)	1,848,916.30
-       estimated value of the equivalent shares of GDRs based on the exchange rate communicated by the National Bank of Romania (RON)	871,987.10
h) Total number of shares and equivalent shares of GDRs repurchased since the start of the eighth buy-back program	79,213,156
-       number of shares bought back	45,185,306
-       equivalent shares of current number of GDRs bought back -       equivalent shares of current number of GDRs converted in shares from the start of eighth buy-back programme	34,027,850 (representing 680,557 GDRs) 5,936,500 (representing 118,730 GDRs)
-       % of subscribed share capital as at 31 July 2017	0.7863 (and 9.0277% computed to the total outstanding treasury shares and equivalent)
-       % of paid-up share capital as at 31 July 2017	0.8158 (and 9.3660% computed to the total outstanding treasury shares and equivalent)
-       % of total voting rights as at 31 July 2017	0.8978 (and 10.3078% computed to the total outstanding treasury shares and equivalent)
i) Total value of the shares repurchased since the start of the eighth buy-back program (RON)	69,170,746.47
-       value of the shares acquisition (RON)	39,419,699.90
-       estimated value of the equivalent shares of GDRs based on the exchange rate communicated by the National Bank of Romania (RON)	29,751,046.57
j) Number of shares left to be repurchased from the eighth buy-back programme as of the date of this notification	97,947,300

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	Market on which the securities were traded	Average price per security (currency)	Volume of the transaction (no. of securities)	Value of the transaction (currency)
28 August 2017	BVB	RON 0.8700	407,703 shares	RON 354,701.61
29 August 2017	BVB	RON 0.8699	195,493 shares	RON 170,059.36
LSE	USD 11.3000	10,000 GDRs (500,000 shares equivalent)	USD 113,000.00
30 August 2017	BVB	RON 0.8700	608,259 shares	RON 529,185.33
31 August 2017	BVB	RON 0.8694	607,744 shares	RON 528,372.63
1 September 2017	BVB	RON 0.8685	306,963 shares	RON 266,597.37
LSE	USD 11.3000	10,000 GDRs (500,000 shares equivalent)	USD 113,000.00

Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch, in its capacity as Investment Manager of FONDUL PROPRIETATEA S.A.

Johan MEYER - Legal Representative

This information is provided by RNS

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