Supporting materials ref. the 25 April 2017 OGSM

To: Bucharest Stock Exchange

Financial Supervisory Authority

London Stock Exchange

Current report according to Article 99 letter (s) of the Rule book of the Bucharest Stock Exchange Market Operator, Title II, Issuers and Financial Instruments

Events to be reported:

Supporting materials and voting recommendations related to the 25 April 2017 Ordinary General Shareholders' Meeting

Franklin Templeton International Services S.à r.l., in its capacity as alternative investment fund manager and sole director ("Fund Manager") of Fondul Proprietatea S.A. (the "Fund"), would like to remind shareholders that the Fund's Ordinary General Shareholders' Meeting has been convened for 25 April 2017 ("OGM") at "JW Marriott" Hotel, "Constanta" Room, 90 Calea 13 Septembrie Street, 5th District, Bucharest, Romania, starting at 9:00 a.m. (Romanian time).

The entire supporting documentation for the OGM is available for the shareholders' reference on the Fund's web page at http://www.fondulproprietatea.ro/investor-relations/gsm-information/gsm-documentation.

The Fund Manager recommends that shareholders vote in favour of all the points on the OGM's agenda.

The Fund Manager's voting recommendations herein are not binding in any way and should not be deemed under any circumstances as supporting documentation or argumentation for substantiating one's vote, shareholders being free to decide on the manner they vote for each item on the agenda.

The Fund Manager will implement and will comply with all the decisions taken by the shareholders, irrespective of its recommendations herein, subject to compliance with law and regulation.

Franklin Templeton International Services S.à r.l., in its capacity of Sole Director of FONDUL PROPRIETATEA S.A.

Johan Meyer

Permanent representative

Report date:28 March 2017

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

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

Phone/fax number: Tel.: + 40 21 200 9600Fax: + 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 5,742,226,025.22

Paid-up share capital:RON 5,534,852,985.72

Number of shares in issue:

10,074,080,746

Number of paid shares:

9,710,268,396

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

GDRs on London Stock Exchange