Turbomecanica S.A.

Interim / Quarterly Report • Aug 5, 2016

TURBOMECANICA

244 Iuliu Maniu Bd. District 6 Postal Code 061126 Bucharest - Romania Tel.: (+4) 021 434 07 41 Fax: (+4) 021 434 09 21; (+4) 021 434 31 65 Trade Registry Code J40/533/1991 Fiscal Registration Code RO3156315 Sole Registration Code 3156315 Fully Paid Share Capital 36.944.247,50 RON www.turbomecanica.ro; e-mail: office@turbomecanica.ro

Our Reference: 219 Date: 21/07/2016

Subject: Statement

I, Radu Viehmann, Engineer, Chairman and General Manager, herewith undertakes the responsibility for the drafting of the accounting reports at 30 June 2016.

We hereby declare, that all accounting policies used by Turbomecanica S.A. in drafting the accounting reports at 30 June 2016 are in compliance with the Accounting Regulations, for companies whose securities are admitted for trading on a regulated market, with OMFP no. 1286/2012 for the approval of the International Standards for Financial Reporting, published in the Official Gazette, Part I no. 687 on 04.10.2012 and with the Accounting Law no. 82/1991 with its subsequent amendments.

We hereby confirm that in the second quarter of 2016 the company did not record any cases of non-compliance with laws or regulations that could significantly influence the accounting reports.

We declare that the accounting reports as at 30 June 2016 of Turbomecanica S.A. provide an accurate image of the financial position, financial performance and other information related to the work carried out between 01.04.2016 - 30.06.2016.

We declare that Turbomecanica S.A. carries out its activity in terms of continuity and does not intend nor needs to liquidate or reduce its business volume as a result of:

• loss of important clients
• applying a reorganization plan
• outstanding payments
• failure to observe the rescheduling agreements
• · liquidity problems, litigation as a defendant and plaintiff with shareholders, debtors, significant creditors, state bodies, claiming
• market risk sector $\bullet$
• other factors ò

We hereby declare that the Board Members are not aware of material uncertainties related to events or conditions that may cause significant doubts on the ability of the company to continue its operations.

We hereby mention the fact that the accounting reports drafted at 30 June 2016 have not been audited.

PRESIDENT & GENERAL MANGER RADU VIEHMANN	FINANCIAL & COMMERCIAL MANAGER ANGHEL CILAUDIA
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