To: BUCHAREST STOCK EXCHANGE

Fax: 021-307.95.19

FINANCIAL SUPERVISORY AUTHORITY

Translation from Romanian into English

No. 4610 / 01.08.2017

FINANCIAL INSTRUMENTS AND INVESTMENTS SECTOR

Fax: 021.659.60.51

CURRENT REPORT according to the R.N.S.C. Regulation no. 1/2006 regarding the issuers and transactions with securities

Date of report: 01.08.2017

Name of the issuing entity: Societatea de Investiţii Financiare OLTENIA S.A. Headquarters: Dolj county, Craiova, Str. Tufănele nr. 1, postal code 200767 Phone/Fax: 0251-419.335 / 0251-419.340

Fiscal Registration Code CUI/CIF: RO 4175676

Order number at the Trade Register: J16/1210/30.04.1993

R.N.S.C. Registration Number: PJR09SIIR/160003/14.02.2006

Subscribed and paid-up share capital: 58.016.571 lei

The regulated market on which the issued securities are traded: Bucharest Stock Exchange - Premium Tier (market symbol SIF5)

Important events to report:

Convening of the Extraordinary General Assembly and the Ordinary General Assembly of Shareholders of S.I.F. Oltenia S.A. on 05.09.2017 THE BOARD OF ADMINISTRATION OF SOCIETATEA DE INVESTIŢII FINANCIARE OLTENIA S.A.

hedquartered in Dolj county, Craiova, str. Tufănele nr. 1, Trade Register No.: J16/1210/1993

Fiscal Registration Code: RO 4175676 Share capital: 58.016.571 lei

reunited in the meeting on 01.08.2017 SUMMONS

EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS ORDINARY GENERAL MEETING OF SHAREHOLDERS

on 05.09.2017

The meetings will carry out their work at the S.I.F. Oltenia S.A. headquarters from Craiova, str. Tufănele no.1, Dolj county, being entitled to participate and vote the shareholders registered in the Shareholders' Registry at the end of 23.08.2017, considered as reference date.

The time set for the start of the EXTRAORDINARY GENERAL MEETING is 10:00. The time set for the start of the ORDINARY GENERAL MEETING is 11:00.

The convocation is made in accordance with the provisions of Law no. 297/2004, the Law no. 24/2017, of R.N.S.C. (currently FSA), given in its application, of Law no. 31/1990 R, with the subsequent amendments and completions, as well as the own regulations of S.I.F. Oltenia S.A.

The share capital of the company consists of 580,165,714 nominative shares with a nominal value of 0.1 lei, dematerialized and indivisible, each share giving the right to a vote in the general shareholders meetings, except for the shares whose voting right is suspended according to the provisions of art. 2861 para. 1 and 2 of Law no. 297/2004.

Information on the number of shares with suspended voting rights will be made public according to RNSC Instruction no. 6/2012.

AGENDA OF THE EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS
  1. Election of the meeting Secretariat consisting of 3 members, namely Mrs. Baltateanu Nadia Florentina - Internal Auditor, Mr. Nedelcu Ion Eugen and Mrs. Bucur Vasilica with the identification data available at the company headquarter, Mrs. Bucur Vasilica following to be chosen the secretary of the meeting who will prepaire the Minutes of the meeting. The proposed persons are shareholders of SIF Oltenia SA.

  2. Election of the Commission for Votes Counting expresed in EGMS, commission consisting of three members, namely Mr. Pauna Ioan, Mr. Patrichi Ion and Mrs. Talea Mihaela, with the identification data available at the company headquarter. The proposed persons are shareholders of SIF Oltenia SA.

  3. Approval of the content of the ARTICLES OF INCORPORATION in a unique format, as approved by the SIF Oltenia SA EGMS on 25.08.2016 and published in the Official Gazette of Romania Part IV - no. 3250 / 07.09.2016, completed according to the requirements of the FSA Regulation no. 2/2016 and the FSA observations in Address no. DRA 430.10 / 30.06.2017, registered at SIF Oltenia SA under no. 3950 / 30.06.2017 and Address no. DRA 3028 / 27.07.2017, registered at SIF Oltenia SA under no. 4486 / 27.07.2017, as follows:
" ARTICLES OF INCORPORATION of SOCIETATEA DE INVESTIŢII FINANCIARE OLTENIA S.A. Art.1 Name, legal form
  1. The name of the company is: Societatea de Investitii Financiare OLTENIA SA, abbreviated SIF OLTENIA SA, and the emblem is the one having the attached model (OSIM certificate no. 95691/06.06.2008- ANNEX 1).

  2. Legal form: The company is established as a private legal entity of Romanian nationality, organized as a joint stock company.

  3. Type of the company: The company is organized as a joint-stock financial investment company, in accordance with the applicable regulations, which is self-managed. The Board of Directors may decide to change the form of administration of the company and may conclude a management contract with a management company authorized by the Financial Supervisory Authority, according to the law.

  4. The Company is the successor of the Private Property Fund V OLTENIA, reorganized and transformed in accordance with the provisions of Law no. 133/1996.

  5. Company operation: The company operates in accordance with:

  • special regulations regarding financial investment companies;

  • regulations regarding companies whose shares are admitted to trading on a regulated market;

  • legal provisions regarding companies with legal personality;

  • the legislation governing the activity of the OPC / AIFM;

  • this articles of incorporation;

  • internal regulations.

Art.2 Headquarters and duration of the company
  1. Headquarters of the company is located in Romania, Craiova city, str. Tufanele nr.1, Dolj county.

  2. The Company may establish or dissolve branches, offices, representatives, agencies, work facilities and other secondary headquarters in Romania or abroad, under the decision of the Board of Administration, in compliance with regulations and legal provisions.

  3. The duration of the company is unlimited.

    Art.3 The field and object of activity of the company
    1. the main field of activity of the company is NACE code 649 - other financial service activities, except insurance and pension funds and its main activity is NACE code 6499 - Other financial intermediation n.c .a detailed in para. 2.

    2. The Company has the following object of activity:

      1. administration and managing shares in companies for which have been issued own shares, corresponding Certificates of Ownership and Privatization Nominative Coupons subscribed by citizens in accordance with Art. 4 paragraph 6 of the Law no. 55/1995;

      2. administration and managing its own securities portfolio and investing in securities in accordance with the regulations in force;

      3. risk management;

      4. other auxiliary activities and adjacent to the collective management activity.

      5. Art.4 Share capital.
        1. The subscribed and paid-up share capital is 58,016,571 lei. This value is the result of adding the value of securities privatization (ownership certificates and nominal privatization coupons) subscribed by Romanian citizens in the privatization of FPP V Oltenia with the value of shares that were assigned to ownership certificates holders' under art. 4 paragraph 4 of the Law no. 133/1996.

        2. Increase of the share capital from sources other than own resources will be achieved only through public offer of shares on the basis of a prospectus approved by the Financial Supervisory Authority in accordance with the legal provisions in force.

        3. The increase of the share capital shall be approved by the extraordinary general meeting of the shareholders up to a maximum level within the limits of which the administrators may decide upon the delegation of attributions the increase of the share capital. This competence shall be given to administrators for a maximum of one year and may be renewed by the general meeting for a period which, for each renewal, may not exceed one year.

        4. The decisions taken by the Board of Administration in exercising the attributions delegated under the preceding paragraph shall have the same treatment as the decisions of the General Assembly of Shareholders regarding their publicity and the possibility of appeal in court.

        each.

        Art.5 Shares
        1. The share capital is divided into 580,165,714 shares with a nominal value of 0.1 lei

        2. The shares are ordinary, nominative of equal value, issued in dematerialized form, paid in full at the time of subscription, evidenced by registration in the account and grant equal rights to their holders, except for the limitations of the legal regulations and provisions.

        3. The shares are indivisible, the company recognizing a single representative for the exercise of rights deriving from one share.

        4. The Company may redeem its own shares, under the conditions provided by Law no. 31/1990 R, the applicable Financial Supervisory Authority regulations and any other applicable legal regulations.

        5. The limit established by the provisions of art. 1031 of the Law no. 31/1990 R may be exceeded in respect of the shares of SIF Oltenia issued in accordance with art.4 of the Law no. 133/1996 by decision of the Board of Administration with the approval of the FSA and according to the regulations issued by it.

        6. The shares redeemed pursuant to the preceding paragraph may be used either for the purpose of diminishing the share capital or for regulating the course of own shares on the capital market.

        7. Shares are negotiable and freely transferable. The shares are traded on a regulated market in Romania, namely the Bucharest Stock Exchange, or on a regulated market / alternative trading system in Member States or non-member countries of the European Union.

        Art.6 Shareholders
        1. The first shareholders of the company were the citizens who have signed ownership certificates and nominative coupons for privatization at the Private Property Fund V Oltenia.

        2. Subsequently, also the citizens entitled to receive shares according to art. 4 paragraph 1 of Law no. 133/1996 become shareholders.

        3. Any person who legally acquires shares issued by the company may become a shareholder.

        4. Any person can acquire with any title or can hold, alone or together with the persons with whom they act in concerted manner, shares issued by SIF Oltenia SA, but no more than 5% of its share capital.

        5. The exercise of the voting right shall be suspended for the shares held by the shareholders exceeding the limit provided in paragraph 4 of this article. The persons mentioned in paragraph 4 of this article have the obligation to inform the SIF Oltenia SA, FSA and BSE within 3 working days at the 5% threshold. Within 3 months from the date when the limit of 5% of the share capital of SIF Oltenia SA is exceeded, the shareholders in this situation are obliged to sell the shares exceeding the limit of ownership.

        6. The reference date for the identification of the shareholders entitled to participate and vote at the general meetings as well as the registration date for the determination of the shareholders to receive dividends and on which the effects of the decisions of the general meetings will be addressed shall be determined according to applicable legal regulations.

        7. The record of the shares and the shareholders is kept according to the legal provisions by the Depozitarul Central SA.

        8. The shareholder's capacity is certified by an account statement issued by the entity that maintains, according to the law, the shares and shareholders' records. The persons who have registered shares issued by SIF Oltenia SA are presumed to be their owners.

        Art.7 The General Meeting of the Shareholders
        1. The General Meeting of Shareholders is the supreme governing body of the Company, which will be established and will operate in accordance with the legal provisions in force.

        2. General meetings are ordinary and extraordinary and may be summoned whenever necessary.

        3. The Ordinary General Meeting reunites at least once a year within the time limit set by the regulations and the legal provisions. Apart from debating other issues on the agenda, the Ordinary General Meeting is obliged:

        a) to discuss, approve or amend the annual financial statements on the basis of the reports submitted by the board of administration and the financial auditor and to set the dividend;

      Societatea de Investitii Financiare Oltenia SA published this content on 01 August 2017 and is solely responsible for the information contained herein.
      Distributed by Public, unedited and unaltered, on 01 August 2017 15:46:08 UTC.

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