Holding(s) in Company

To: Bucharest Stock Exchange

Financial Supervisory Authority

London Stock Exchange

The current report according to Art. 113 point A, paragraph (1) letter c) of the Romanian National Securities Commission Regulation no. 1/2006 regarding the issuers and the operations with securities, as subsequently amended and supplemented, as well as the provisions of Art. 99 of the Rulebook of the Bucharest Stock Exchange, Title II - Issuers and Financial Instruments

Important events to be reported:

Information regarding the disclosure of holdings of over 20% of 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 Sole Director and Fund 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 of over 20% of voting rights in the Fund, as reflected in the Annex.

According to the companies' representatives, for reporting purposes, by virtue of acting in concert, the aggregated holdings (shares and share - related securities) of Manchester and Beresford as of 19 October 2015 represent 19.87% of the share capital of the Fund and 2,224,901,424 voting rights, representing 21.06% of the total number of voting rights in Fondul Proprietatea.

Franklin Templeton Investment Management Ltd United Kingdom Bucharest Branch, acting as Sole Administrator on behalf of FONDUL PROPRIETATEA S.A.

Adrian CIGHI

Legal Representative

http://www.rns-pdf.londonstockexchange.com/rns/1856D_-2015-10-22.pdf 

Report date:22 October 2015

Name of the issuing entity: Fondul Proprietatea S.A.

Registered office: 78-80 Buzesti St.,7th floor, district 1, Bucharest, postal code 011017

Phone/fax number: Tel.: + 40 21 200 9600 Fax: + 40 21 200 9631

Sole Registration Code with the Trade Register Office:18253260

Order number in theTrade Register:J40/21901/2005

Subscribed share capital: RON 10,074,080,745.90

Paid-up share capital:RON 9,746,649,630.90

Number of shares in issue:

11,193,423,051

Number of paid shares:

10,829,610,701

Regulated market on which the issued securities are traded:Shares on Bucharest Stock Exchange

GDRs on London Stock Exchange