Trade Registry registration of the updated CA

To: Bucharest Stock Exchange

Financial Supervisory Authority

London Stock Exchange

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

Important events to be reported:

Registration with the Trade Registry Office of Bucharest Court of the updated Constitutive Act of Fondul Proprietatea SA

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 on 8 February 2022, the Constitutive Act of the Fund as updated based on the Extraordinary General Shareholders' Meeting Resolution no. 1 of 14 January 2021 ("EGSM Resolution no. 1 / 14 January 2021") was registered with the Trade Registry Office of Bucharest Court ("Trade Registry Bucharest").

The amendments approved by Fund's shareholders through EGSM Resolution no. 1 / 14 January 2021 were approved by the Financial Supervisory Authority through the Authorization no. 25 / 28 January 2022 (the FSA Authorization was brought to shareholders' attention through the current report issued on 28 January 2022).

Thus, according to the provisions of art. 34 para. (4) of Regulation no. 7/2020 on the authorization and functioning of alternative investment funds, the Constitutive Act of the Fund updated through EGSM Resolution no. 1 / 14 January 2021 is in force starting with the registration date with Trade Registry Bucharest, respectively from 8 February 2022.

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 February 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