Hidroelectrica IPO consortium appointment

To: Bucharest Stock Exchange

Financial Supervisory Authority

London Stock Exchange

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

Important events to be reported:

The appointment of the consortium of investment banks in relation to the initial public offering ("IPO") of S.P.E.E.H. HIDROELECTRICA S.A ("Hidroelectrica")

Franklin Templeton International Services S.À R.L., in its capacity as Alternative Investment Fund Manager and Sole Director of Fondul Proprietatea SA (the "Fund"), would like to inform shareholders that the Fund and Hidroelectrica (the" Company") selected the consortium of investment banks in relation to the IPO, which is composed of reputable international, regional and local investment banks.

The Fund currently holds 19.94% of the issued share capital of the Company (representing approx. 77.2% of the Fund's NAV as of end of July 2022).

Further current reports with additional information will be released as and when there will be relevant information.

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:

8 September 2022

Name of the issuing entity:

Fondul Proprietatea S.A.

Registered office:

76-80 Buzesti Street

7th floor, district 1,

Bucharest, 011017

Phone/fax number:

Tel.: + 40 21 200 96 00

Fax: +40 31 630 00 48

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 and paid-up share capital:

RON 3,334,342,422.84

Number of shares in issue and paid-up:

6,412,196,967

Regulated market on which the issued securities are traded:

Shares on Bucharest Stock Exchange

GDRs on London Stock Exchange