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.

The undersigned, FONDUL PROPRIETATEA S.A. ("FP / The Fund"), represented by Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch, acting in its capacity as Investment Manager, hereby informs you in its capacity as Issuer on the following information regarding the transactions concluded during 26 - 30 December 2016, according to Article 150 paragraph (2) of the NSC's Regulation no. 1/2006 regarding issuers and operations with securities:

  1. Issuer's name (buyer) FONDUL PROPRIETATEA S.A. Bucharest Stock Exchange Symbol: FP London Stock Exchange Symbol: FP.

  2. 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)

  3. 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")

  4. Transaction's type Buy-back

  5. Details with respect to the execution of the buy-back market orders

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

    Within the trading session

    692,907

    • current number of shares bought back 692,907

    • equivalent shares of current number of GDRs bought back

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

    0 (representing 0 GDRs)

    549,149.45

    • value of the shares acquisition (RON) 549,149.45

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

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

    0

    79,336,721

    • number of shares bought back 79,336,721

    • 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-

0 (representing 0 GDRs)

0 (representing 0 GDRs)

back programme

  • % of subscribed share capital as at 29 November 2016

  • % of paid-up share capital as at 29 November 2016

    0.7355

    0.7612

  • % of total voting rights as at 29 November 2016 0.8221

  1. Total value of the shares repurchased since the start of the seventh buy-back program (RON) 63,317,684.57

    • value of the shares acquisition (RON) 63,317,684.57

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

j) Number of shares left to be repurchased from the seventh buy-back programme as of the date of this notification1

0

287,117,313

The details of the transactions carried out during the reporting period with respect to the shares and GDRs issued by Fondul Proprietatea SA for the purpose of the buy-back are described further below:

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)

27 December 2016

BVB

RON 0.7920

30,537 shares

RON 24,185.30

28 December 2016

BVB

RON 0.7917

300,000 shares

RON 237,510.00

29 December 2016

BVB

RON 0.7931

297,370 shares

RON 235,844.15

30 December 2016

BVB

RON 0.7940

65,000 shares

RON 51,610.00

Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch, in its capacity as Investment Manager of FONDUL PROPRIETATEA S.A. Adrian CIGHI Legal Representative

1 As per the Fund's Extraordinary General Shareholders Meeting Resolution no. 9 of 29 October 2015, the seventh buyback programme refers to the acquisition by the Fund of a maximum number of shares and / or equivalent GDRs corresponding to the Fund's shares computed so that all the outstanding treasury shares (acquired during this programme and/or previous ones) will not exceed 10% of the subscribed share capital at the relevant time, which represents a total of 287,810,220 own shares as of the date of this notification

Fondul Proprietatea SA published this content on 04 January 2017 and is solely responsible for the information contained herein.
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