Total Voting Rights

To: Bucharest Stock Exchange

Financial Supervisory Authority

London Stock Exchange

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

Important events to be reported:

Shareholding structure and total number of voting rights as at 17 October 2019 - considered as "Reference Date"

The shareholding structure at the level of Fondul Proprietatea S.A. (the "Fund") as at 17 October 2019, considered as the "Reference Date" for the Fund's Extraordinary and Ordinary General Shareholders' Meetings to be held on 15 November 2019, as received from Depozitarul Central S.A., was as follows:

Please note that the total number of shareholders was 6,338 and the total number of voting rights was 6,881,292,507.

Please note that the right to attend and to vote in the Fund's Extraordinary and Ordinary General Shareholders' Meetings scheduled for 15 November 2019 belongs to all shareholders registered in the Fund's shareholders' register held by Depozitarul Central SA at the end of 17 October 2019, considered as "Reference Date".

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

Daniel NAFTALI

Legal Representative

Report date:

23 October 2019

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

Subscribed share capital:

RON 3,959,264,762.44

Paid-up share capital:

RON 3,770,082,340.44

Number of shares in issue:

7,613,970,697

Number of paid shares:

7,250,158,347

Regulated market on which the issued securities are traded:

Shares on Bucharest Stock ExchangeGDRs on London Stock Exchange