Fondul Proprietatea Regulatory News (FP.)

To:

FINANCIAL SUPERVISORY AUTHORITY

BUCHAREST STOCK EXCHANGE

LONDON STOCK EXCHANGE

Re:

Notification regarding the transactions performed within the ninth 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

JEFFERIES INTERNATIONAL LIMITED (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:

1,771,523

- current number of shares bought back

481,523

- equivalent shares of current number of GDRs bought back

1,290,000

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

1,553,932.21

- value of the shares acquisition (RON)

426,070.75

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

1,127,861.46

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

1,393,839,683

- number of shares bought back

798,560,183

- equivalent shares of current number of GDRs bought back

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

595,279,500 (representing 11,905,590 GDRs)

587,737,150 (representing 11,754,743 GDRs)

- % of subscribed share capital as at 30 June 2018

15.19% (and 16.00% computed to the total outstanding treasury shares and equivalent)

- % of paid-up share capital as at 30 June 2018

15.82% (and 16.66% computed to the total outstanding treasury shares and equivalent)

- % of total voting rights as at 30 June 2018

18.94% (and 19.95% computed to the total outstanding treasury shares and equivalent)

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

1,300,213,666.29

- value of the shares acquisition (RON)

744,836,130.07

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

555,377,536.22

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

367,184,819

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)

23 July 2018

BVB

RON 0.8850

309,108 shares

RON 273,560.58

LSE

USD 11.0000

6,000 GDRs (300,000 shares equivalent)

USD 66,000.00

24 July 2018

BVB

RON 0.8848

111,521 shares

RON 98,673.78

LSE

USD 11.0000

9,800 GDRs (490,000 shares equivalent)

USD 107,800.00

25 July 2018

BVB

RON 0.8841

60,894 shares

RON 53,836.39

LSE

USD 11.0000

10,000 GDRs (500,000 shares equivalent)

USD 110,000.00