Correction report on Settlement and payment of TO

To: Bucharest Stock Exchange

Financial Supervisory Authority

London Stock Exchange

Current report according to the provisions of Article 99 letter s) of the Code of the Bucharest Stock Exchange, Title II, Issuers and Financial Instruments.

Important events to be reported:

Correction of details regarding the settlement and payment date of Global Depository Receipts and the date of resuming the daily execution of the buy-back programme published in the current report on settlement and payment of the transactions related to the public tender offer

Franklin Templeton International Services S.À R.L., in its capacity of alternative investment fund manager of Fondul Proprietatea S.A., would like to inform shareholders that in the current report on settlement and payment of the transactions related to the public tender offer:

- Instead of "the transactions for Global Depository Receipts ("GDRs") (…) under the public tender offer have been paid and settled, as follows: GDRs settled on 18 December 2020" should be read "the transactions for Global Depository Receipts ("GDRs") (…) under the public tender offer have been paid and settled, as follows: GDRs settled on 21 December 2020";

- Instead of "The daily execution of the buy-back programme will be resumed on Tuesday, 22 December 2020" should be read "The daily execution of the buy-back programme will be resumed on Monday, 28 December 2020".

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

Johan MEYER

Permanent Representative

Report date:

21 December 2020

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