Santierul Naval Orsova S.A.

Board/Management Information • Jan 11, 2019

S.C. "ŞANTIERUL NAVAL ORŞOVA" S.A. Nr. RC J25/150/1991 CIF: RO 1614734 Capital social: - subscris 28.557.297,5 lei - varsat 28.557.297,5 lei Str. Tufări, nr. 4, Orşova, 225200, Mehedinţi Tel.: 0252/362.399; 0252/361.885; Fax: 0252/360.648 E-mail: mircea.sperdea@snorsova.ro; marketing@snorsova.ro Codul LEI (Legal Entity Identifier): 254900UXAJ8TPIKLXG79 Cod IBAN: RO96RNCB0181022634120001- B.C.R. Orşova Cod IBAN: RO59BRDE260SV03176142600- B.R.D. Orşova

To:

THE BUCHAREST STOCK EXCHANGE– Department for Operations Issuers of Regulated Markets FINANCIAL MONITORING AUTHORITY – Sector of Instruments and Financial Investment

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CURRENT REPORT ACCORDING TO LAW NO. 24/2017 AND TO THE ASF REGULATION NO. 5/2018 CONCERNING THE ISSUERS OF FINANCIAL INSTRUMENTS AND MARKET OPERATIONS

Date of the report: 11 th of January 2019

Trading company: S.C. ŞANTIERUL NAVAL ORŞOVA S.A; Main headquarters: no. 4 Tufări Street, Orşova Town, Mehedinţi County; Phone number: 0252/362399; Fax no.: 0252/360648 Unique registration code at the Trade Register Office: RO 1614734; Number and registration date at the Trade Register Office: J25/150/03.04.1991; Share capital issued and paid up: 28.557.297,5 lei Number of shares: 11.422.919 common shares, of 2,5 lei each; Regulated stock market on which the issued securities are traded: the Stock Exchange Bucharest, STANDARD categories (under symbol: SNO);

Important event to report: Co-opting a member of the board of directors.

At its meeting on 10.01.2019, the board of directors of S.C. Naval Orsova SA, on the basis of art.137² of the Companies Law no.31 / 1990, republished, as subsequently amended and supplemented, decided to fill number of administrators with a provisional member, until the ordinary general meeting of the shareholders, as a result of the waiver of Mr. Voiculescu Dan's mandate. Therefore, on the vacant place was nominated Mr Ciurezu Tudor from the shareholder SIF Oltenia, who holds 3,200,337 shares and 28.02% of the share capital of S.C. Shipyard Orsova SA.

PRESIDENT OF THE ADMINISTRATION BOARD, EC. Manager MIHAI FERCALA