SIF Oltenia S.A.

Board/Management Information • Dec 29, 2021

No. 12890 /29.12.2021

Translation from Romanian into English

To: BUCHAREST STOCK EXCHANGE Fax no.: 021-307.95.19

FINANCIAL SUPERVISORY AUTHORITY Financial Instruments and Investments Sector Fax no.: 021.659.60.51

CURRENT REPORT

according to Law no. 24/2017 and F.S.A. Regulation no. 5/2018 on issuers of financial instruments and market operations

Report date: 29.12.2021 Name of the issuer: Societatea de Investiţii Financiare OLTENIA S.A. Headquarters: Dolj County, Craiova, 1 Tufănele Street, postal code 200767 Phone/Fax: 0251-419.335 / 0251-419.340 Fiscal Registration Code: RO 4175676 Order number at the Trade Register: J16/1210/30.04.1993 FSA Register Number: PJR09FIAIR/160001/08.06.2021 ISIN: ROSIFEACNOR4 LEI Code: 254900VTOOM8GL8TVH59 Depozitory-Custodian: Raiffeisen Bank S.A. Depozitory: Depozitarul Central Bucuresti Share capital subscribed and paid: 50,000,000 lei Regulated market on wich the issued securities are traded on: Bucharest Stock Exchange – Shares, Premium Tier (market symbol SIF5)

Important events to report:

Changes in the company's management: Appointment of Mr. Ciprian Copariu as Director of the Portfolio (substitute for the Deputy General Manager)

S.I.F. Oltenia S.A. informs the shareholders that, on 28.12.2021, the Board of Directors of the Financial Investment Company Oltenia S.A. decided by C.A. no. 35/28.12.2021, the appointment of Mr. Ciprian Copariu in the position of Director of the Portfolio Department starting with 03.01.2022.

Mr. Ciprian Copariu holds a master's degree in "Financial-Banking and Insurance Management" and is a graduate, both in Law and in Economics-specialization "Banks and Stock Exchanges". At the same time, Mr. Ciprian Copariu has over 20 years of professional experience in the field of the capital market.

Sorin-Iulian CIOACĂ President - General Manager

Viorica Bălan Compliance officer