Transaction in Own Shares

To:

FINANCIAL SUPERVISORY AUTHORITY

BUCHAREST STOCK EXCHANGE

LONDON STOCK EXCHANGE

Re:

Notification regarding the transactions performed within the Fund's tenth 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) Brokers' names

·; BANCA COMERCIALA ROMANA S.A. (hereinafter referred to as "BCR") (as buy-back agent in relation to the purchase of shares), and

·; AUERBACH GRAYSON (hereinafter referred to as "AGCO") (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") (ISIN US34460G1067) 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:

7,020,699

- current number of shares bought back

7,020,699

- 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:

8,231,968.10

- value of the shares acquisition (RON)

8,231,968.10

- 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 tenth buy-back program

354,099,582

- number of shares bought back

260,800,732

- equivalent shares of current number of GDRs bought back

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

93,298,850 (representing 1,865,977 GDRs)

86,420,350 (representing 1,728,407 GDRs)

- % of subscribed share capital as at 31 August 2019

3.8904% (and 16.3480% computed to the total outstanding treasury shares and equivalent)

- % of paid-up share capital as at 31 August 2019

4.0523% (and 17.0287% computed to the total outstanding treasury shares and equivalent)

- % of total voting rights as at 31 August 2019

5.0948% (and 21.4093% computed to the total outstanding treasury shares and equivalent)

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

380,279,126.73

- value of the shares acquisition (RON)

276,651,274.38

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

103,627,852.35

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

395,900,418

Date of the transaction

Market on which the securities were traded

Weighted average price per security

(currency)*

Volume of the transaction

(no. of securities)

Value of the transaction (currency)

23 September 2019

BVB

RON 1.1548

1,401,988 shares

RON 1,619,015.74

24 September 2019

BVB

RON 1.1857

1,409,880 shares

RON 1,671,694.72

25 September 2019

BVB

RON 1.1743

1,404,632 shares

RON 1,649,459.36

26 September 2019

BVB

RON 1.1700

1,390,504 shares

RON 1,626,889.68

27 September 2019

BVB

RON 1.1777

1,413,695 shares

RON 1,664,908.60