Santierul Naval Orsova S.A.

Registration Form • Mar 4, 2020

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 STOCK EXCHANGE BUCHAREST – Department of Operations Issuers of Regulated Markets FINANCIAL MONITORING AUTHORITY – Department of Financial Instruments and Investments

____________________________________________________________________________________

CURRENT REPORT

ACCORDING TO THE LAW NO. 24/2017 AND TO THE ASF REGULATION NO. 5/2018 Concerning the issuers of financial instruments and market operations

Report date: 04.03.2020

- Name of the trading company: ŞANTIERUL NAVAL ORŞOVA S.A.;

• - Registered office: 4, TUFĂRI Street, ORŞOVA, MEHEDINŢI County;
• - Telephone/fax:0252/362399 0252/360648;
• - Single registration code issued by the Trade Register: RO 1614734;
• - Registered number with the Trade Register's Office: J25/150/03.04.1991;
• - Code Lei: 254900UXAJ8TPIKLXG79
• - Subscribed and paid in share capital: 28,557,297.5 Lei
• - Number of shares: 11.422.919 common shares, of 2,5 lei each;

- Regulated market where the issued securities are traded: Bucharest Stock Exchange-category Standard (symbol: SNO)

IMPORTANT EVENT TO REPORT: VALIDATION OF 2 CONTRACTS FOR CONSTRUCTION AND DELIVERY OF INLAND VESSELS.

Șantierul Naval Orșova S.A. informs the shareholders and all interested parties that, in its meeting dated 03 th of march 2020 the Board of Directors of Orsova Shipyard S.A. validated a total of 2 construction contracts for foreign vessels, which are related to the following clarifications:

• Nature acts concluded: commercial contracts with intra-Community (Netherland)
• Object contracts: 2 commercial contracts for the construction and delivery of two gas tanker vessel of 110 m.
• The total value of the 2 contracts: 3.770.000 EURO
• Terms and conditions of payment: an advance payment of 10% of the contract value, based on a letter of guarantee refund of the advance and the remaining payment: based on documentary letter of credit, payable after arrival at the place of delivery.

General Manager, Eng. Mircea Ion Sperdea