SIF Oltenia S.A.

Major Shareholding Notification • Nov 10, 2023

Nr. 11.225/10.11.2023

To

FINANCIAL SUPERVISORY AUTHORITY Financial Instruments and Investments Sector

Tușnad S.A. Băile Tușnad

Report on major

shareholdings in according to the Law no. 24/2017 (R) art. 71 par. (1) and F.S.A. Regulation no.

5/2018

• Annex 18 -

Notification of major shareholdings

Company: Tusnad S.A. Băile Tusnad

Address: Sfânta Ana Alley, No. 18, Băile Tușnad, Harghita, Romania

Tax Identification Number: 4241753

J19/610/1993

Symbol: TSND

Security type: SHARE

1. Reasons for notification (please mark the appropriate box or boxes:

[] A purchase or disposal of voting rights

[x] A purchase or assignment of financial instruments

[] An event changing the distribution of voting rights

[] Others (please specify)

1. Details of the person subject to the obligation of notification: Infinity Capital Investments S.A.,

CUI RO 4175676, J16/1210/30.04.1993, 1 Tufănele Street

Cod LEI: 254900VTOOM8GL8TVH59, CRAIOVA, ISIN: ROSIFEACNOR4

Name/Business name: Headquarters town and country (if applicable)

$4$ . Full name/Business name of the shareholder / shareholders (if different from point 3)

1. Date of falling below, reaching or exceeding the threshold (vote percentage): 10.11.2023

2. Total positions of the persons subject to the obligation of notification:

	$\%$ of the voting rights attached to Ishares (total of 7.A)	$\%$ of the voting rights through the lfinancial instruments	Total of the two $\parallel$ expressed in $ $ percentage $%$ $(7.A + 7.B)$	Total number of issuer's voting rights
--	-----------------------------------------------------------------------	--------------------------------------------------------------------------	-------------------------------------------------------------------------------------	----------------------------------------------

		(total of 7.B.1 +7.B.2)
Resulting situation, on the day it fell below, exceeded or reached the threshold	$\circ$		$\circ$	301,802,818
Position of the previous notification date (if applicable)	8.57		8.57	301,802,818
exceeded, fell below or reached			7. Information to be notified with regard to the resulting situation, on the day the threshold was
A: Voting rights attached to the shares
	Number of voting rights		$\%$ of the voting rights
Class/type of shares ISIN code, as the case may be	Direct Art. 71 paragraph (1) – (3) of Law no. 24 /2017 (R)	Indirect Art. 72 of Law no. 24/2017 (R)	Direct Art. 71 paragraph (1) - (3) of Law no. 24 /2017 (R)	Indirect Art. 72 of Law no. 24/2017 (R)
ROIAMUACNOR4
SUBTOTAL A
republished			B1: Financial instruments according to art. 75 paragraph (1) section (a) of Law no. 24 /2017
Tyne of		Conversion	Number of voting riahte that can he

			SUBTOTAL B.1
B2: Financial instruments with a similar economic effect in accordance with art. 75 paragraph (1) section (b) Law no. 24/2017 - republished
Type of financial instrument	Expiry Date (due date)	Conversion /execution period		Physical or lcash settlement	Number of voting rights	$\%$ of voting rights
				SUBTOTAL B.2

1. Information about the person who is subject of the notification obligation (please mark / tick the appropriate box)

$[X]$ The subject person of the notification obligation is not controlled by any natural person or legal entity and he/she does not control any entity (entities) that has (have) an exposure to the issuer of the supporting shares, directly or indirectly.

[] The full chain of controlled persons by means of which voting rights and / or financial instruments are actually held, starting with the ultimate natural person or legal entity that controls them

Name/Business name	$\%$ of the voting rights if this is equal to or higher than the threshold to be Inotified	% of the voting rights through the financial linstruments if this is equal to or higher than the threshold to be Inotified	Total of the two if this is equal to or higher than the threshold to lbe Inotified

1. In the case of a vote by a representative: [name/business name of the trustee] will cease to hold [% and number] of voting rights starting from [date].

2. Additional information:

Prepared at Infinity Capital Investments S.A. as of 10.11.2023.

Sorin - Iulian Cioacă President - General Manager

Notification of major shareholdings

$A$ : Identification data for the person subject of the notification obligation:

Full name/Business name Infinity Capital Investments S.A., CUI RO 4175676, J16/1210/30.04.1993,

1 Tufănele Street, Cod LEI: 254900VTOOM8GL8TVH59, CRAIOVA, ISIN: ROSIFEACNOR4

Contact address: 1 Tufănele Street

E-mail: public@infinitycapital.ro

Phone number: 0251 419.398, FAX: 0251 419.340

Other useful information (at least a contact person for legal entities): Sorin-Iulian Cioacă

B: Identification data for the person performing the notification, if necessary

Full name/Business name

Contact address

E-mail

Phone / Fax number

Other useful information (functional relationship with the person or legal entity subject of the obligation of notification)

C: Additional information:

Sorin - Iulian Cioacă President - General Manager