Către:



To: Bucharest Stock Exchange Financial Supervisory Authority

- Financial Instruments and Investments Sector


CURRENT REPORT under NSC Regulation no. 1/2006 Date of report: April 1, 2016


S.I.F. Transilvania S.A.

Registered office: 2 Nicolae Iorga Street, Braşov 500057 Telephone: 0268/41.55.29, 41.61.71; Fax: 0268/47.32.15; 47.32.16

Website:www.siftransilvania.ro

Tax Identification Number/ Fiscal registration code: RO3047687 Trade Register number: J08/3306/92

Subscribed and paid in share capital: RON 218,428,666.40

Market on which issued securities are traded: Bucharest Stock Exchange (Symbol SIF3)

No. 2129/01.04.2016


Important event to report: obstacles on the implementation of the cumulative vote method


S.I.F. Transilvania informs that until March 31, 2016 the following persons have submitted application files for their election as Supervisory Board members by the cumulative vote method, by the Ordinary General Meeting of Shareholders of April 28/29, 2016: Mr. Frăţilă Constantin, Mrs. Alexe Gabriela, Mr. Vascu Adrian, Mr. Toia Radu, Mr. Rusu Răzvan Alexandru and Mr. Micu Cristian.

The candidates Mr. Frăţilă Constantin, Mrs. Alexe Gabriela and Mr. Toia Radu, assessed based on the assessment criteria set by the FSA Regulation no. 14/2015 and the internal procedures approved for the enforcement of the latter, do not comply with the eligibility criteria provided for in paragraph (4) article 4 of the said regulation.

Considering that the current members of the Supervisory Board opted not to use their right to candidate for the election of a new Board in the Ordinary General Meeting of Shareholders of April 28/29, 2016, we inform the shareholders that the provisions of paragraph (4) article 124 of the NSC Regulation no. 1/2006, related to article 15 of the Company's Articles of Incorporation are not met and therefore the OGMS of April 28/29, 2016 will not proceed to the election of a new Supervisory Board by the cumulative vote method as mentioned in item 22 on the agenda.


Mihai Fercală President of the Executive Board


Marius Adrian Moldovan Vice President of the Executive Board


Disclaimer: The following is an English translation of the original current report which was prepared in Romanian. The Company provides this translation for your reference and convenience only and without any warranty as to its accuracy or otherwise. In case of discrepancies between the Romanian and the English version, the Romanian version shall prevail.

Societatea de Investitii Financiare Transilvania SA issued this content on 01 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 01 April 2016 14:50:06 UTC

Original Document: http://www.siftransilvania.ro/images/pdf/curentreports/2016/curent21.pdf