Fondul Proprietatea Regulatory News (FP.)

Fund Administrator:

Franklin Templeton International Services S.à r.l.

Administrator Code:

PJM07.1AFIASMDLUX0037

Fund:

Fondul Proprietatea SA

Fund Code:

PJR09SIIR/400006

Reporting date:

31.10.2017

1. Non-current Assets

7,437,071,072.12

1.1. Intangible assets

320,137.26

1.2. Tangible assets

0.00

1.3. Financial assets

7,436,750,934.86

1.3.1 Listed shares**

10,975,322.35

1.3.2 Unlisted shares

7,423,223,216.50

1.3.3 Government securities

0.00

1.3.4 Certificates of deposits

0.00

1.3.5 Bank deposits

0.00

1.3.6 Municipal bonds

0.00

1.3.7 Corporate bonds

0.00

1.3.8 Newly issued securities

0.00

1.3.9 Participation titles of UCITS and/or of OCIU

0.00

1.3.10 Other financial assets

2,552,396.01

2. Current assets

3,198,445,098.40

2.1 Inventory

0.00

2.2 Receivables out of which:

117,216,909.82

- commercial papers

0.00

2.3 Cash

21,077,416.11

2.4 Short term financial investments

2,371,055,722.63

2.4.1 Listed shares**

2,371,055,722.63

2.4.2 Unlisted shares

0.00

2.4.3 Municipal bonds

0.00

2.4.4 Corporate bonds

0.00

2.4.5 Participation titles of UCITS and/or of OCIU

0.00

2.5 Newly issued securities

0.00

2.6 Government securities

145,307,821.89

2.7 Bank deposits

543,787,227.95

2.8 Certificates of deposits

0.00

2.9 Other current assets

0.00

3. Derivatives

0.00

4. Prepaid expenses

188,902.64

5. Total assets

10,635,705,073.16

6. Total liabilities

33,172,200.99

6.1 Borrowings from bond issues

0.00

6.2 Amounts due to credit institutions

0.00

6.3 Advance payments to customer accounts

0.00

6.4. Payables

6,662,707.73

6.5 Commercial papers due

0.00

6.6 Amounts due to group companies

0.00

6.7 Amounts due to related parties

0.00

6.8 Other debts

26,509,493.26

7. Provisions

856,247.22

8. Deferred income out of which:

0.00

8.1 Subsidies for investments

0.00

8.2 Deferred income

0.00

9. Shareholders' equity out of which:

10,601,676,624.95

9.1 Share capital

5,238,521,987.92

9.2 Share capital premiums

0.00

9.3 Revaluation differences

-6,376.60

9.4 Reserves

4,044,804,700.65

9.5 Retained earnings

425,934,390.13

9.6 Period result

892,421,922.85

9.7 Profit appropriation

0.00

10. Total liabilities and Shareholders' equity

10,635,705,073.16

11. Net Asset Value

10,601,676,624.95

12. No of shares issued*

8,749,331,805

13. Net asset value per share

1.2117

14. Number of portfolio companies out of which:

42

14.1 Companies admitted to trading on a regulated market

5

14.1 Companies admitted to trading on an alternative regulated market***

5

14.3 Companies not admitted to trading

32

Oana Truta

Legal Representative

Marius Nechifor

Compliance Officer

For the computation of the NAV as at 31 October 2017 for Fondul Proprietatea SA, the valuation methods used for the investments in the companies presented below changed and/or have been updated:

Mecon SA

For this holding, the valuation method has been changed from Fair value (Last available trading price) (respectively Lei 3.15 /share) to Reference price - Average price (respectively Lei 3.15 /share)  according to CNVM Regulation 4/2010, as subsequently amended, because the shares of this company were traded during the last 30 trading days. This change of valuation method did not have any impact on the Fund's NAV.

Comsig SA

For this holding, the valuation method has been changed from Fair value/share (zero value) to Valued at zero (Dissolution) according to article 19 from CNVM Regulation 4/2010, as subsequently amended, because this company entered in judicial dissolution. This change of valuation method did not have any impact on the Fund's NAV.

Franklin Templeton Investment Management Ltd United Kingdom Bucharest Branch, acting as Investment Manager of FONDUL PROPRIETATEA S.A.

Oana Truta

Marius Nechifor

Legal representative

Compliance Officer