Minor Clarification in the 15 Nov 2022 EGSM notice

To: Bucharest Stock Exchange

Financial Supervisory Authority

London Stock Exchange

Current report according to Article 234 para. (1) letter c) of the Financial Supervisory Authority Regulation no. 5/2018 on issuers of financial instruments and market operations, as well as the provisions of Article 99 letter a) of the Code of the Bucharest Stock Exchange, Title II, Issuers and Financial Instruments

Important events to be reported:

Minor Terminological Clarification in the Convening notice of the Extraordinary and Ordinary General Meetings of Shareholders of Fondul Proprietatea S.A. to be held on 15 November 2022, as requested by the Fianncial Supervisory Authority

Franklin Templeton International Services S.À R.L., in its capacity of alternative investment fund manager and sole director of Fondul Proprietatea S.A., would like to inform shareholders that in the current report published on 20 September 2022 which includes the Convening notice of the Extraordinary and Ordinary General Meetings of Shareholders of Fondul Proprietatea S.A. to be held on 15 November 2022,

At the request of the Financial Supervisory Authority, for clarification purposes, the word "transfer" shall be replaced with "sale" under item 2 on the agenda of the 15 November 2022 Extraordinary General Meeting of Shareholders of Fondul Proprietatea i.e. from "Approval of the transfer of the shares held by the Company in the share capital of SPEEH Hidroelectrica S.A. (…)" to "Approval of the sale of the shares held by the Company in the share capital of SPEEH Hidroelectrica S.A. (…)".

This minor terminological clarification does not affect in any material way the substance of item 2 on the agenda of the 15 November 2022 Extraordinary General Meeting of Shareholders of Fondul Proprietatea.

The rest of the agenda of the 15 November 2022 Extraordinary General Meeting of Shareholders of Fondul Proprietatea and the agenda for the 15 November 2022 Ordinary General Meeting of Shareholders remain unchanged.

Attached to this current report is the Convening notice of the Extraordinary and Ordinary General Meetings of Shareholders of Fondul Proprietatea S.A. to be held on 15 November 2022 updated as per the above.

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

http://www.rns-pdf.londonstockexchange.com/rns/2157C_1-2022-10-7.pdf

Report date:

7 October 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