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FONDUL PROPRIETATEA - FP

Weekly buyback notification 10 - 14 April 2017

Release Date: 4/18/2017 6:21:51 PM

IRIS Code: 6D5CE

To:

FINANCIAL SUPERVISORY AUTHORITY

BUCHAREST STOCK EXCHANGE

LONDON STOCK EXCHANGE

Re:

Notification regarding the transactions performed within the seventh buy-back programme

From:

FONDUL PROPRIETATEA S.A.

The undersigned, FONDUL PROPRIETATEA S.A. (“FP / The Fund”), represented by Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch, acting in its capacity as Investment Manager, hereby informs you in its capacity as Issuer on the following information regarding the transactions concluded during 10 – 14 April 2017, according to Article 150 paragraph (2) of the NSC’s Regulation no. 1/2006 regarding issuers and operations with securities:

a) Issuer’s name (buyer)

FONDUL PROPRIETATEA S.A.

Bucharest Stock Exchange Symbol: FP

London Stock Exchange Symbol: FP.

b) Broker’s name

WOOD & COMPANY FINANCIAL SERVICES A.S. (as buy-back agent in relation to the purchase of shares), and

GOLDMAN SACHS INTERNATIONAL (as buy-back agent in relation to the purchase of GDRs)

c) Description of the acquired financial instruments

Ordinary shares issued by the Fund (ISIN ROFPTAACNOR5) listed on the Bucharest Stock Exchange (“BVB”), and

Global Depositary Receipts (“GDRs”) corresponding to the Fund’s shares listed on the London Stock Exchange (“LSE”)

d) Transaction’s type

Buy-back

e) Details with respect to the execution of the buy-back market orders

Within the trading session

f) Total number of shares and equivalent shares of GDRs bought-back in the reporting period, out of which:

10,133,925

- current number of shares bought back

10,133,925

- equivalent shares of current number of GDRs bought back

0 (representing 0 GDRs)

g) Total value of the transactions performed in the reporting period (RON), out of which:

9,094,671.81

- value of the shares acquisition (RON)

9,094,671.81

- estimated value of the equivalent shares of GDRs based on the exchange rate communicated by the National Bank of Romania (RON)

0

h) Total number of shares and equivalent shares of GDRs repurchased since the start of the seventh buy-back program

800,442,226

- number of shares bought back

519,371,276

- equivalent shares of current number of GDRs bought back

- equivalent shares of current number of GDRs converted in shares from the start of seventh buy-back programme

281,070,950 (representing 5,621,419 GDRs)

261,905,250 (representing 5,391,419 GDRs)

- % of subscribed share capital as at 31 March 2017

7.95

- % of paid-up share capital as at 31 March 2017

8.24

- % of total voting rights as at 31 March 2017

8.94

i) Total value of the shares repurchased since the start of the seventh buy-back program (RON)

717,565,015.34

- value of the shares acquisition (RON)

461,297,783.58

- estimated value of the equivalent shares of GDRs based on the exchange rate communicated by the National Bank of Romania (RON)

256,267,231.76

j) Number of shares left to be repurchased from the seventh buy-back programme as of the date of this notification[1]

206,965,849

The details of the transactions carried out during the reporting period with respect to the shares and GDRs issued by Fondul Proprietatea SA for the purpose of the buy-back are described further below:

Date of the transaction

Market on which the securities were traded

Average price per security

(currency)

Volume of the transaction

(no. of securities)

Value of the transaction (currency)

10 April 2017

BVB

RON 0.8980

6,766,315 shares

RON 6,076,150.87

11 April 2017

BVB

RON 0.8970

129,999 shares

RON 116,609.10

12 April 2017

BVB

RON 0.8964

3,096,282 shares

RON 2,775,507.18

14 April 2017

BVB

RON 0.8944

141,329 shares

RON 126,404.66

Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch, in its capacity as Investment Manager of FONDUL PROPRIETATEA S.A.

Oana Valentina TRUTA

Legal Representative



[1] As per the Fund’s Extraordinary General Shareholders Meeting Resolution no. 9 of 29 October 2015, the seventh buyback programme refers to the acquisition by the Fund of a maximum number of shares and / or equivalent GDRs corresponding to the Fund’s shares computed so that all the outstanding treasury shares (acquired during this programme and/or previous ones) will not exceed 10% of the subscribed share capital at the relevant time, which represents a total of 1,007,408,075 own shares as of the date of this notification



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