Transaction in Own Shares 24 - 28 October 2016

To:

FINANCIAL SUPERVISORY AUTHORITY

BUCHAREST STOCK EXCHANGE

LONDON STOCK EXCHANGE

Re:

Notification regarding the transactions performed within the seventh buy-back programme

From:

FONDUL PROPRIETATEA S.A.

a) Issuer's name (buyer)

FONDUL PROPRIETATEA S.A.

Bucharest Stock Exchange Symbol: FP

London Stock Exchange Symbol: FP.

b) Broker's name

WOOD & COMPANY FINANCIAL SERVICES A.S. (as buy-back agent in relation to the purchase of shares), and

GOLDMAN SACHS INTERNATIONAL (as buy-back agent in relation to the purchase of GDRs)

c) Description of the acquired financial instruments

Ordinary shares issued by the Fund (ISIN ROFPTAACNOR5) listed on the Bucharest Stock Exchange ("BVB"), and

Global Depositary Receipts ("GDRs") corresponding to the Fund's shares listed on the London Stock Exchange ("LSE")

d) Transaction's type

Buy-back

e) Details with respect to the execution of the buy-back market orders

Within the trading session

f) Total number of shares and equivalent shares of GDRs bought-back in the reporting period, out of which:

6,548,612

- current number of shares bought back

6,548,612

- equivalent shares of current number of GDRs bought back

0 (representing 0 GDRs)

g) Total value of the transactions performed in the reporting period (RON), out of which:

5,270,519.94

- value of the shares acquisition (RON)

5,270,519.94

- estimated value of the equivalent shares of GDRs based on the exchange rate communicated by the National Bank of Romania (RON)

0

h) Total number of shares and equivalent shares of GDRs repurchased since the start of the seventh buy-back program

29,906,439

- number of shares bought back

29,906,439

- equivalent shares of current number of GDRs bought back

- equivalent shares of current number of GDRs converted in shares from the start of seventh buy-back programme

0 (representing 0 GDRs)

0 (representing 0 GDRs)

- % of subscribed share capital as at 26 October 2016 (date of registration with the Trade Registry of EGM Resolution no. 4/26 April 2016 for the approval of the share capital decrease by cancelling 179,598,899 own shares)

0.27

- % of paid-up share capital as at 26 October 2016 (date of registration with the Trade Registry of EGM Resolution no. 4/26 April 2016 for the approval of the share capital decrease by cancelling 179,598,899 own shares)

0.28

- % of total voting rights as at 13 October 2016, considered as "reference date" for the General Shareholders Meetings to be held on 31 October 2016

0.30

i) Total value of the shares repurchased since the start of the seventh buy-back program (RON)

24,066,817.25

- value of the shares acquisition (RON)

24,066,817.25

- estimated value of the equivalent shares of GDRs based on the exchange rate communicated by the National Bank of Romania (RON)

0

j) Number of shares left to be repurchased from the seventh buy-back programme as of the date of this notification

336,547,595

Date of the transaction

Market on which the securities were traded

Average price per security

(currency)

Volume of the transaction

(no. of securities)

Value of the transaction (currency)

24 October 2016

BVB

RON 0.8050

 1,303,719 shares

RON 1,049,493.80

25 October 2016

BVB

RON 0.8045

1,358,935 shares

RON 1,093,263.21

26 October 2016

BVB

RON 0.8041

1,337,612 shares

RON 1,075,573.81

27 October 2016

BVB

RON 0.8045

1,185,175 shares

RON 953,473.29

28 October 2016

BVB

RON 0.8060

1,363,171 shares

RON 1,098,715.83