Grzegorz Maciej Konieczny


To:

FINANCIAL SUPERVISORY AUTHORITY

BUCHAREST STOCK EXCHANGE

Ref:

Notification regarding the transactions performed during the buy-back program

From:

FONDUL PROPRIETATEA SA

The undersigned, FONDUL PROPRIETATEA SA, duly represented by Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch, acting in its capacity as Sole Administrator and Fund Manager, hereby inform you in its capacity of issuer on the following information regarding the transactions concluded during 19 - 23 January 2015, according to Article 150 of the NSC's Regulation no. 1/2006 regarding issuers and operations with securities:

a) Issuer's name (buyer)

FONDUL PROPRIETATEA SA (FP)

b) Broker's name

Raiffeisen Bank

c) Description of the acquired financial instruments

Ordinary shares issued by Fondul Proprietatea

(ISIN ROFPTAACNOR5)

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 bought-back in the

reporting period

12,745,182

g) Total value of the transactions performed in the

reporting period (RON)

10,916,998.03

h) Total number of shares repurchased since the start

of the buy-back program

977,664,715

i) Total value of the shares repurchased since the

start of the buy-back program (RON)

1,034,991,127.54

j) Number of shares left to be repurchased

13,190,901

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

Date and place of the transaction

Average price per share

(RON)

Volume of the transaction (no. of shares)

Value of the transaction (RON)

19 January 2015

- BVB

0.84727429

3,145,381

2,665,000.45

20 January 2015

- BVB

0.84987669

2,149,801

1,827,065.76

21 January 2015

- BVB

0.860276437

2,900,000

2,494,801.67

22 January 2015

- BVB

0.8599543

2,250,000

1,934,897.18

23 January 2015

- BVB

0.867492596

2,300,000

1,995,232.97

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

FONDUL PROPRIETATEA S.A., a closed-end investment company administrated under a unitary system • Headquarters at: 78-80 Buzesti Street,

7th floor, Bucharest 1st district, postal code 011017, Romania. • Fiscal Identification Code (CIF): 18253260, registered with the Trade

Registry under no: J40/21901/2005 • Registered on Data Protection Notification Registry under number 18668 • Subscribed share capital RON

11,815,279,886.85, Paid-up Share Capital: RON 11,469,658,154.35 • Tel.: + 40 21 200 9600; Fax: +40 21 200 9631; Email:

office@fondulproprietatea.ro; Internet: www.fondulproprietatea.ro

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