Teraplast SA — Major Shareholding Notification 2020

May 28, 2020

CURRENT REPORT

In accordance with Law no. 24/2017 and FSA Regulation no. 5/2018

Report date: 28.05.2020 Name of issuing company: TERAPLAST S.A. Registered office: Sat Saratel, comuna Sieu-Magherus, DN 15A, KM 45+500, Judetul Bistrita-Nasaud Telephone/Fax: 0263/238.202; 0263/231.221 Trade Register Office Number: J06/735/1992 VAT number: RO3094980 Subscribed and paid-up share capital: RON 133,780,501.80 Regulated market for shares admitted to trading: Bucharest Stock Exchange

Important events to be reported: according to art. 69 alin. (1) of Law 24/2017 and art.131 of FSA Regulation no. 5/2018

In order to ensure a complete and accurate information of the shareholders and potential investors, TeraPlast SA announces the followings:

• 1. In May 28, 2020, TeraPlast SA received a notification regarding the change of shareholding and exceedance of the threshold of 5% of the share capital, from Allianz SE, parent company of Allianz-Tiriac Pensii Private SAFPP, that manages in Romania the entities mentioned bellow:
• Fondul de pensii administrat privat AZT Viitorul Tau
• Fondul de pensii facultative privat AZT Moderato
• Fondul de pensii facultative privat AZT Vivace

Thus, following the notification received by TeraPlast SA, the total number of shares owned by Fondul de pensii administrat privat AZT Viitorul Tau after the transaction, respectively at 28.05.2020, is of 87.058.180 shares, which represents 6,51% of the share capital of TeraPlast S.A.

TERA	TeraPlast	th TeraSteel	N TeraGlass
PLAST	TeraPlast	TeraSteel	wetterhest	C TeraPlast * Ca Recycling
GROUP		Serbia

1. In May 28, 2020, TeraPlast SA received a notification from Marley Magyarorszag Zrt regarding the assignment (sale) of financial instruments below the threshold of 5% of the share capital.

Following the transaction that, accordingly to the notification received, took place in May 26, 2020, the total number of shares owned by Marley Magyarorszag Zrt at May 28, 2020 is 0 (zero) shares, which means 0% of TeraPlast's share capital.

The afore mentioned notifications are annexed to this report.

Alexandru Stanean General Manager

For any further information please contact us on +4 0741 270 439, email: investor.relations@teraplast.ro , contact person Alexandra Sica – PR Manager.

TFR A	TeraPlast	TeraSteel	TeraGlass
PLAST	TeraPlast	TeraSteel		A TeraPlast Recycling
GROUP	Hungary	Serbia	wetterbest

Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the competent authority)i
TERAPLAST S.A. (ISIN ROTRPLACNOR7)		1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:
		2. Reason for the notification (please tick the appropriate box or boxes):
[ ] Other (please specify)iii:	[X] An acquisition or disposal of voting rights [ ] An acquisition or disposal of financial instruments [ ] An event changing the breakdown of voting rights
	3. Details of person subject to the notification obligationiv :
Name: Allianz SE		City and country of registered office (if applicable): Munich, Germany
	4. Full name of shareholder(s) (if different from 3.)v	: Fondul de pensii administrat privat AZT Viitorul Tau (administrat de Allianz-Tiriac Pensii Private SAFPP) Fondul de pensii facultative privat AZT Moderato (administrat de Allianz-Tiriac Pensii Private SAFPP) Fondul de pensii facultative privat AZT Vivace (administrat de Allianz-Tiriac Pensii Private SAFPP)
		5. Date of lowering, reaching or exceeding the threshold (percentage of vote)vi: 26/05/2020
		6. Total positions of person(s) subject to the notification obligation:
	% of voting rights % of voting rights at through financial instru Total of both in % (7.A Total number of vot tached to shares (total ments + 7.B) ing rights of issuervii of 7.A) (total of 7.B.1 + 7.B.2)
Resulting situation on the date it fell below, 6,51% 0,00% 6,51% 1.337.805.018 exceeded or reached the threshold
Position of previous notification (if applica n/a n/a n/a ble)
7. Notified details of the resulting situation on the date when it was exceeded, fell below or reached the thresh oldviii:

A: Voting rights attached to shares

Class/type of shares ISIN code, as appropriate	Number of voting rightsix		% of voting rights
	Direct (Art 69 alin. (1)-(3) din Legea nr. 24/2017)	Indirect (Art 70 din Legea nr. 24/2017)	Direct (Art 69 alin. (1)-(3) din Legea nr. 24/2017)	Indirect (Art 70 din Legea nr. 24/2017)
ROTRPLACNOR7	0	87.058.180	0,00%	6,51%
SUBTOTAL A		87.058.180		6,51%

B 1: Financial Instruments according to art. 73 par. (1) lit. (a) of Law no. 24/2017
Type of financial instru ment	Expiration date (due date)x	Exercise/ Conversion Periodxi	Number of voting rights that may be acquired if the instrument is exercised/ converted.	% of voting rights
		SUBTOTAL B.1

B 2: Financial Instruments with similar economic effect according to art. 73 par. (1) lit. (b) of Law no. 24/2017
Type of financial in strument	Expiration date (due date)x	Exercise/ Conversion Period x i	Physical or cash settlementxii	Number of vot ing rights	% of voting rights
			SUBTOTAL B.2

8. Information in relation to the person subject to the notification obligation (please tick the applicable box):

[ ] Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any entity (entities) that directly or indirectly has exposure to the issuer of the underlying shares. xiii

[X] Full chain of controlled people by virtue of which they actually hold voting rights and / or financial instruments, starting with the individual or the ultimate legal entity that controls themxiv:

Namexv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifia ble threshold
1. Allianz SE
2. Allianz Holding eins
GmbH
3. Allianz New Europe
Holding GmbH
4. Allianz Tiriac Asigurari
SA
5. Allianz Tiriac Pensii Pri
vate Societate de admini
strare a fondurilor de pen
sii private S.A.
5a. Fondul de pensii admi	6,20%		6,20%
nistrat privat AZT Viitorul
Tau (administrat de Al
lianz-Tiriac Pensii Private
SAFPP)

5b. Fondul de pensii facul- tative privat AZT Moderato
(administrat de Allianz-
Tiriac Pensii Private SAFPP)
5c. Fondul de pensii facul-
tative privat AZT Vivace
(administrat de Allianz-
Tiriac Pensii Private SAFPP)

1. In case of voting by a representative: [name / trustee's name] will cease to hold [% and number] voting rights as of [date]

2. Additional information^®:

In Annex 1 an additional Organizational Chart has been provided to support section 8. Allianz SE is the ultimate parent company of Allianz Tiriac Pensii Private Societate de administrare a fondurilor de pensii private S.A. which manages holdings in TERAPLAST S.A. in the pension funds listed under 5a to 5c in Box 8.

Done at Munich on 28.05.2020.

$\tau$

Annex 1

Allianz Group structure (excerpt)

Standard form for the notification of major holdings

Notification of major holdings (to be transmitted to the relevant issuer and to the competent authority)

1. 1. Identity of the issuer or of the issuer of existing supporting shares to which voting rights are attached i: Teraplast SA - Saratel, Sieu-Magherus, Bistrita-Nasaud County, DN15A, KM 45+500, Romania, Registration code 3094980, Trade register no Jo6/735/1992 2. Reasons for notification (please mark the appropriate box or boxes: $\Box$ A purchase or assignment of voting rights $[X]$ A purchase or assignment (sale) of financial instruments

[ ] An event changing the distribution of voting rights

[ _]Others(please specify) ii: ..................................

1. Details of the person subject to the obligation of notification $III$ :

Name/Designation:	MARLEY Headquarters city and country (if
Magyarorszag Zrt.	applicable)
	Hungary 7100 Szekszard Palanki ut
	$\boldsymbol{\sigma}$

1. Full name/designation of the shareholder / shareholders (if different from point 3) $^{N}$ MARLEY Magyarország Építőipari és Műanyag Termékek Zárkörűen Működő Részvénytársaság

2. Date of dropping under, reaching or exceeding the threshold (vote percentage) $v$ . 26.05.2020

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

	% of the	% of the voting	Total of	Total number
	voting	rights	the two	of
	rights	through the	expressed	issuer's
	attached to	financial	in	voting
	shares	instruments	percentage	rights VI
	(total of 7.A)	(total of $7.B.1 +$	%
		7.B.2)	$(7.A + 7.B)$
The resulting	$\mathbf 0$	$\mathbf 0$	$\Omega$	$\Omega$
situation, on the
day it dropped
below, exceeded or
reached the
threshold
Position at the	7,928905%	7,928905%		106.073.412
previous
notification date (if
applicable)

1. Information to be notified with regard to the resulting situation, on the day the threshold was exceeded, dropped under or reached VII

A: Voting rights attached to the shares

Class/type of		Number of voting rights VIII	% of the voting rights
shares ISIN code, as the case may be	Direct Art. 69 paragraph $(1) - (3)$ of Law no. 24 / 2017)	Indirect Art. 70 of Law no. 24/2017)	Direct Art. 69 paragraph (1) $-(3)$ of Law no. 24 (2017)	Indirect Art. 70 of Law no. 24/2017)
Shares, ISINROTRPLACNOR7	$\mathbf 0$		0%
SUBTOTAL A	$\mathbf 0$		0%
B1: Financial instruments according to art. 73 paragraph (1) section (a) of Law no. 24 /2017
Type of financial instrument	Date of expiry IX (due date)	Conversion/execution period x	The number of voting rights that can be acquired if the instrument is executed converted	% of the voting rights
		SUBTOTAL B.1.

$\alpha$

B2: Financial instruments with a similar economic effect in accordance with art. 73 paragraph (1) section (b) Law no. 24/2017

Type of financial	Date of expiry IX	Conversion /execution	Physical or cash	Number of	% of the voting
instrument	(due date)	period x	settlement XI	voting rights	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.XII

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

Name/Designation Xiv	% of the voting rights if it is equal to or higher than the threshold to be notified	rights through financial instruments if it is $\vert$ equal to or higher than the threshold be to notified	% of the voting Total of the two if it is equal to or the $\vert$ higher than the threshold to be notified

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

2. Additional information XV.

Drawn up on 27 May, 2020 Frankie Bernard Eugene Thielen

Borsodi László István