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S.N.T.G.N. TRANSGAZ S.A. - TGN

Refunding dividend tax to investment funds without legal personality

Release Date: 12/29/2017 1:34:13 PM

IRIS Code: A3C45

CURRENT REPORT

according to the provisions of Law 24/2017, National Securities Commission Regulation 1/2006 and the Bucharest Stock of Exchange Code

Date of report: 29 December 2017

Name of issuing entity: SNTGN TRANSGAZ SA

Headquarters: Medias, 1 Constantin I. Motas Square, Sibiu County

Telephone/fax number: 0269803333/0269839029

Tax identification code: RO 13068733

Trade Register number: J32/301/2000

Subscribed and paid-up capital: RON 117,738,440

Regulated market on which issued securities are traded: Bucharest Stock Exchange.

RELEASE on the refunding of the dividend tax for financial years 2015 and 2016 (distributed according to OGMS Resolution 1/27.04.2017 and according to OGMS Resolution 7/23.10.2017) to investment funds without legal personality

SNTGN Transgaz SA informs all those concerned on the fact that following the actions of the competent tax authorities for the clarification of the tax regime applicable to dividends paid to investment funds without legal personality (open/closed investment funds) according to the provisions of Law 227/2015 on the Tax Code applicable from 1 January 2016, the Company will refund the tax calculated, deducted and paid to the state budget for dividends paid to investment funds without legal personality for financial years 2015 and 2016 (distributed according to OGMS Resolution 1/27.04.2017 and according to OGMS Resolution 7/23.10.2017).

Considering that at the date of the payment of dividends for financial years 2015 and 2016 (distributed according to OGMS Resolution 1/27.04.2017 and according to OGMS Resolution 7/23.10.2017) SNTGN Transgaz SA withheld the dividend tax by applying a 5% rate on the gross dividend, starting from the date of the Release the necessary steps will be taken for the refunding of the withheld tax to the shareholders investment funds without legal personality.

Moreover, in order to ensure the correct tax treatment for the refunding of the tax on the dividends for financial years 2015-2016 (distributed according to OGMS Resolution 1/27.04.2017 and according to OGMS Resolution 7/23.10.2017) to investment funds without legal personality, SNTGN Transgaz SA is asking the Participants/Investment Management Companies to submit the following:

1. Declaration signed by the legal representative/person authorized to represent the investment fund, including at least the following information:

- the fund does not have a standalone organization or its own patrimony;

- the fund does not have legal personality;

- the identification data of the fund as recorded in the Transgaz Shareholder Register;

- the full name of the open/closed investment fund;

- the registration number in the Register of Financial Instruments and Investments;

2. Copy of the valid identity card of the legal representative/person authorized to represent the investment fund;

3. Copy of relevant document proving the quality of the signatory of the declaration of legal representative/person authorized to represent the investment fund;

4. Copy of the certificate issued by the Financial Supervisory Authority.

The documents may be sent to SNTGN Transgaz SA:

- by e-mail : relatii.investitori@transgaz.ro

- by fax: 0269 803407

- by mail: 1 C.I. Motas Square, 551130 Medias, Sibiu County, mentioning `Attn. of the Investor Relations Office`

If necessary, SNTGN Transgaz SA reserves its right to request additional documents for the identification of the investment funds without legal personality.

For further details, please contact us at relatii.investitori@transgaz.ro, tel. 0269803217; 0269803216 or fax. 0269803407.

DIRECTOR - GENERAL

ION STERIAN



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