Turbomecanica S.A.

Quarterly Report • Nov 3, 2015

S.C. TURBOMECANICA S.A

244 Iuliu Maniu Blv., 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

QUARTERLY REPORT IN ACCORDANCE WITH THE 297/2004 LAW, ARTICLE NO. 227 AND CNVM REGULATION NO. 1/2006

REPORT DATE: 30.09.2015

S.C.TURBOMECANICA S.A.

REGISTERED OFFICE: 244 Iuliu Maniu Blv., District 6, Bucharest, ROMANIA TELEPHONE / FAX: 021 434.07.41 / 021 434.09.21 TRADE REGISTRY NUMBER AND INCORPORATION DATE: J40/533/1991: FORM OF OWNERSHIP: Majority private: MAIN ACTIVITY: 3030 Manufacturing of Aircrafts and Spaceships; SOLE REGISTRATION CODE: RO3156315:

REGULATED MARKET ON WHICH SECURITIES ISSUED ARE TRADED: Bucharest Stock Exchange; CALLED-UP AND PAID IN SHARE CAPITAL: 36,944,247.50 LEI.

1. ECONOMIC AND FINANCIAL SITUATION

A. Balance Sheet Statement: comprises information related to Company's assets, liabilities liquidities and invested profit, which is reported in the Financial Statement Report and Quarterly Report as at 30 September 2015.

B. Financial Results Report: comprises information about the Company's turnover, gross revenues, and material expenses as per attached documents.

Accounting reports issued as at 30 September 2015 are not financially audited.

2. COMPANY'S ACTIVITY ANALYSIS

2.1 Tendencies, elements, events or uncertainty factors that affect or could affect liquidity:

There were no tendencies, elements, events or significant uncertainty factors that affected liquidity. The recession of the aviation market could be considered, in extenso, an uncertainty factor likely to affect the liquidity.

2.2. The effects on the financial statements:

Secured customer agreements have led to an increase of 22,1% in the Company's turnover, compared to the same period of the previous year (30 September 2014). Operating expenses increased proportionally to the turnover.

2.3. Events, transactions, economic changes that significantly affect the revenues generated by the main activity:

At the end of Q3 2015, the Company achieved operating revenues in amount of RON 39,321,612 and operating expenses up to RON 33,058,570.

The largest share of the recorded revenues is related to manufacturing activities, in line with the main profile of the Company.

3. CHANGES AFFECTING THE SHARE CAPITAL AND MANAGEMENT OF THE COMPANY.

3.1 Cases in which TURBOMECANICA S.A. was unable to respect its financial obligations:

There were no cases in which the Company failed to comply with its financial obligations.

3.2 Amendments to the rights of the securities holders issued by TURBOMECANICA S.A.:

There were no amendments during the reporting period.

Issues that were discussed with securities holders: there were no special events during the period 01 January $2015 - 30$ September 2015.

FINANCIAL & COMMERCIAL MANAGER Ec. ANGHEL CLAUDIA

$\overline{\mathbf{4}}$ ANNEXES:

-MANAGEMENT REPORT as at 30.09.2015. -FINANCIAL STATEMENT REPORT as at 30.09.2015; -FINANCIAL RESULTS REPORT as at 30.09.2015 -ECONOMIC AND FINANCIAL INDICATORS as at 30.09.2015

COM PRESIDENT- GENERAL MANAGE Eng. VIEHMANN RADU

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