Consultative Committees effective 25 March 2021

To: Bucharest Stock Exchange

Financial Supervisory Authority

London Stock Exchange

Current report according to the provisions of Art. 234 para. (1) letter g) of FSA Regulation no. 5/2018 and of Art. 99 letter h) of Title II of the Rulebook of Bucharest Stock Exchange

Important events to be reported:

The Chairperson of the Audit and Valuation Committee and the composition of Consultative Committees of Fondul Proprietatea SA effective 25 March 2021

Franklin Templeton International Services S.À R.L., in its capacity as alternative investment fund manager and sole director of Fondul Proprietatea SA, hereby announces the following decisions of the Board of Nominees, taking into consideration the relevant requirements of the Romanian and UK Codes of Corporate Governance:

Starting with 25 March 2021, the new Chairperson of the Audit and Valuation Committee will be Mr. Ciprian LĂDUNCĂ.

The Audit and Valuation Committee will consist of:

- Ciprian LĂDUNCĂ - Chairperson;

- Julian HEALY - Member;

- Ilinca von DERENTHALL - Member;

- Mark GITENSTEIN - Member;

- Piotr RYMASZEWSKI - Member.

The Nomination and Remuneration Committee will consist of:

- Piotr RYMASZEWSKI - Chairperson;

- Ilinca von DERENTHALL - Member;

- Mark GITENSTEIN - Member;

- Julian HEALY - Member;

- Ciprian LĂDUNCĂ - Member.

Franklin Templeton International Services S.À R.L. in its capacity of alternative investment fund manager and sole director of FONDUL PROPRIETATEA S.A.

Johan MEYER

Permanent Representative

Report date:

22 February 2021

Name of the issuing entity:

Fondul Proprietatea S.A.

Registered office:

78-80 Buzesti Street

7th floor, district 1,

Bucharest, 011017

Phone/fax number:

Tel.: + 40 21 200 9600

Fax: + 40 21 200 9631

Email:

[email protected]

Internet:

www.fondulproprietatea.ro

Sole Registration Code with the Trade Register Office:

18253260

Order number in the Trade Register:

J40/21901/2005

Subscribed share capital:

RON 3,749,282,292.08

Paid-up share capital:

RON 3,560,099,870.08

Number of shares in issue:

7,210,158,254

Number of paid shares:

6,846,345,904

Regulated market on which the issued securities are traded:

Shares on Bucharest Stock Exchange

GDRs on London Stock Exchange