Disclosure holdings below 10% total voting rights

To: Bucharest Stock Exchange

Financial Supervisory Authority

London Stock Exchange

The current report according to Art. 72 paragraph (6) of Law no. 24/2017 on issuers of financial instruments and market operations, as well as the provisions of Art. 105 of the Rulebook of the Bucharest Stock Exchange, Title II - Issuers and Financial Instruments

Important events to be reported:

Disclosure of holdings below 10% of the total voting rights held by Manchester Securities Corporation and Beresford Energy Corporation in Fondul Proprietatea S.A.

Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch, in its capacity as Investment Manager of Fondul Proprietatea SA ("the Fund / Issuer") hereby announces that Manchester Securities Corporation ("Manchester") and Beresford Energy Corporation ("Beresford") have sent an aggregate disclosure of holdings below 10% of the total voting rights in the Fund, as reflected in the Annex.

According to the disclosure, by virtue of acting in concert, the combined holdings (shares and Global Depositary Receipts -"GDRs") of Manchester and Beresford as of 28 February 2018 ("Report date") represented 7.34% of the subscribed share capital of the Fund and 685,181,159 voting rights, representing (i) 7.86% of the total number of voting rights in Fondul Proprietatea as at 31 January 2018, calculated based on the shareholding structure and total number of voting rights disclosed by the Issuer on its webpage at: https://www.fondulproprietatea.ro/files/live/sites/fondul/files/en/shareholder-structure-reports/2018/31%20January%202018.pdf and (ii) 9.11% of the total number of voting rights in Fondul Proprietatea S.A., calculated as at 28 February 2018.  

Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch acting as Investment Manager of FONDUL PROPRIETATEA S.A.

Oana Valentina TRUŢA

Legal Representative

Report date:

1 March 2018

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

Register on Data Protection Notification Register under number:18668

Subscribed share capital:

RON 4,854,034,784.56

Paid-up share capital:

RON 4,664,852,362.56

Number of shares in issue:

9,334,682,278

Number of paid shares:

8,970,869,928

Regulated market on which the issued securities are traded:

Shares on Bucharest Stock ExchangeGDRs on London Stock Exchange