Status report on the execution of the procedure to select the administrators

CONPET SA

No. 1-3 anul 1848 Street, Ploiesti, Prahova, Romania

TIN RO 1350020

NACE Code 4950

CRN J29/6/22.01.1991

Subscribed and paid-up share capital 28 569 842.40 RON

No.10145 / 16.03.2023

To: The Bucharest Stock Exchange

Phone no. +40 21.307.95.00/ Fax no. +40  021.307.95.19

The Financial Supervisory Authority 

Phone no. +40 021.659.60.57/ Fax no. +40 021.659.64.36; 021.659.60.51

Current Report no. 12/ 2023

as per Law no. 24/2017 and ASF Regulation no. 5/2018

   The regulated market where

    the issued securities are being traded:    B.S.E., PREMIUM Category

Reporting significant events: Status report on the execution of the procedure to select the company’s administrators in compliance with the provisions of GEO no. 109/2011 regarding the corporate governance of the public enterprises, approved with subsequent amendments and additions.

                The company CONPET S.A. informs the shareholders and investors on the progress made in the process of selection of CONPET S.A. administrators, as follows:

                On 20.09.2022, based on Resolution no. 5, the Ordinary General Meeting of Shareholders of the company CONPET S.A. approved “the initiation of the procedure to select the members of the Board of Directors of the company CONPET S.A., in compliance with the provisions of the Government Emergency Ordinance no. 109/2011 regarding the corporate governance of the public enterprises, approved with subsequent amendments and additions by way of Law no. 111/2016. The selection procedure is being organized by the Ministry of Energy on behalf of the shareholder of the Romanian State.”

                On 16.03.2023, following the request of the Ministry of Energy, acting as public line authority, has been uploaded on the company’s website (www.conpet.ro) The Letter of Expectations in the process of recruitment of the members of the Board of Directors of the Company CONPET SA.