Turbomecanica S.A.

Share Issue/Capital Change • Aug 5, 2016

ON 30th OF JUNE 2016	ITATEMENT ON CHANGES IN OWN CAPITAL

o.

		Balance on		Growth	Decrease		Balance on
Elements of equity capital		1st of January 2016					30th of June 2016
⋗			Total, of which Z	through transfer $\bm{\mathsf{\omega}}$	total, of which 4	through transfer c	თ
Subscribed capital		36.944.248					36.944.248
Adjustments of registered capital		987.626.807					987.626.807
Patrimonial assets
Share premiums
Revaluation reserve		34.066.531			277.561		33.788.969
Legal reserves		14.783.405					14.783.405
Statutory or contractual capital reserves
Reserves representing revaluation reserves
sniduns		28.421.712	277.561				28.699.273
Other reserves		31.290.748					31.290.748
Own shares			451.294				451.294
Income related to own capital instruments
Loss related to own capital instruments		238.668					238.668
	Balance C	858.690					858.690
Profit/loss carried forward	Balance D
adoption of IAS 29 for the first Reatined earnings due to the	Balance C
time	Balance D	1.008.346.916					1.008.346.916
adoption of IAS for the firs time, Retained earnings due to the	Balance $\circ$	258.730					258.730
except for IAS 29	Balance D
Retained earnings due to the	Balance C	599.269					599.269
correction of accounting errors	Balance D	.685.870					028.870
Retained earnings resulting from
the adoption of Accounting Regulations according to the	Balance C
Fourth Directive of European
Economic Community	Balance D

TURBOMECANICA SA

39.893.159		-3.569.697		114.322	36.209.139		TOTAL OWN CAPITAL
		170.195			170.195		Profit appropriation
88.846.88		3.677.064			92.523.947	Balance D	Profit or loss for the period
4.135.314				288.055	3.847.259	Balance C
2016	total, of which through transfer		Total, of which through transfer		2016
30th of June					1st of January		Elements of equity capital
Balance on	Decrease		Growth		Balance on

to the OG No. 64/2001 and OMFP No. 128/15.02.2005. These reserves have not been used. The legal reserves are established according to the Law 31/1991 with subsequent amendments and completions and registered in accountancy according

Within "Other reserves" there are recorded the sums appropriated from the net profit as own finance sources. These reserves have not been used

The transfer can represent a maximum of 5% from gross profit to 20% of the registered capital. On 30th of June 2016 the legal reserve was 14.783.405 lei. The legal reserve is established according to Romanian Law as a transfer from the net income.

PRESIDENT GENERAL MANAGER

Ľс. ANGHELOWER FINANCIAL & COMMERCIAL MANAGER