BOD Resolution March 19, 2020 - reg. Gastrade

CURRENT REPORT

In compliance with Law no. 24/2017 regarding Issuers of Financial Instruments and Market Operations and A.S.F. Regulation no. 5/2018

Report date: March 20, 2020

Company name: Societatea Nationala de Gaze Naturale ROMGAZ S.A.

Address: Medias, 4 Constantin I. Motas Square, Sibiu County - Romania, 551130

Phone/fax no: 004-0374-401020 / 004-0269-846901

Fiscal Code: RO14056826

LEI Code: 2549009R7KJ38D9RW354

Trade Register registration number: J32/392/2001

Subscribed and paid in share capital: 385,422,400 RON

Regulated market where the issued securities are traded: Bucharest Stock Exchange (BVB), London Stock Exchange (LSE)

Significant event to be reported:

· Resolution of the Board of Directors of S.N.G.N. ROMGAZ S.A. regarding the acquisition of 20% of GASTRADE S.A.

Subject to the provisions of article 234 paragraph 1 of F.S.A Regulation no. 5/2018 regarding Issuers of Financial Instruments and Market Operations, S.N.G.N. Romgaz S.A. informs the shareholders and the investors that, on March 19, 2020, the Board of Directors decided that, given the present economic context, does not consider appropriate the acquisition of 20% of GASTRADE S.A.

We remind the fact that on September 26, 2019, through the Resolution no. 7 of the Ordinary General Meeting of Shareholders of S.N.G.N. ROMGAZ S.A. was approved, in principle, for S.N.G.N. ROMGAZ S.A. to procure 20% of the shares issued by GASTRADE S.A.

Chief Executive Officer,

Constantin Adrian VOLINTIRU