Fondul Proprietatea S A : Notification regarding the transactions performed during the buy-back program

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To:	FINANCIAL SUPERVISORY AUTHORITY
	BUCHAREST STOCK EXCHANGE
	LONDON STOCK EXCHANGE
Re:	Notification regarding the buy-back transactions
From:	FONDUL PROPRIETATEA S.A.

Considering article 2 of Commission Delegated Regulation (EU) 2016/1052 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the conditions applicable to buy-back programmes and stabilisation measures, Article 5(3) of Regulation (EU) No 596/2014 on market abuse (market abuse regulation) and Article 26 (3) of Regulation (EU) No 600/2014 on markets in financial instruments, FONDUL PROPRIETATEA S.A. ("FP" / the "Fund"), represented by Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch, acting in its capacity as Investment Manager, hereby informs you in its capacity as Issuer on the following information regarding the transactions concluded during 16 March -20March 2020:

a) Issuer's name (buyer)	FONDUL PROPRIETATEA S.A.
	Bucharest Stock Exchange Symbol: FP
	London Stock Exchange Symbol: FP.
b) Brokers' names	•	SWISS CAPITAL S.A., and
	•	AUERBACH GRAYSON
c) Description of the acquired financial instruments and	Ordinary shares issued by the Fund (ISIN
trading place	ROFPTAACNOR5) listed and traded on the
	Bucharest Stock Exchange ("BVB"), and
	Global Depositary Receipts ("GDRs") (ISIN
	US34460G1067) corresponding to the Fund's
	shares listed and traded on the London Stock
	Exchange ("LSE")
d) Transaction's type	Buy-back
e) Details with respect to the execution of the buy-back	Within the trading session
market orders

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

Date of the	Weighted	Weighted	Volume of	Volume of	Value of the	Value of the
transaction	average	average	the	the	transaction	transaction with
	price per	price per	transaction	transaction	with shares	GDRs (USD)
	share	GDR	(no. of	(no. of	(RON)
	(RON)*	(USD)*	shares)	GDRs)
16 March	1.3900	-	124,478,000	-	173,024,420	-
2020
17 March	-	16.0500	-	1,510,440	-	24,242,562
2020
Number of shares and GDRs bought-	124,478,000	1,510,440	-	-
back during the reporting period	shares	GDRs
				(representing

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FONDUL PROPRIETATEA S.A., an alternative investment fund • 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 • Subscribed share capital RON 3,959,264,762.44 RON, Paid-up share capital RON 3,770,082,340.44 • Tel.: + 40 21

200 9600; Fax: [phone]; Email: [e-mail]; Internet: www.fondulproprietatea.ro

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Date of the	Weighted		Weighted	Volume of	Volume of	Value of the	Value of the
transaction	average		average	the	the	transaction	transaction with
	price per		price per	transaction	transaction	with shares	GDRs (USD)
	share		GDR	(no. of	(no. of	(RON)
	(RON)*		(USD)*	shares)	GDRs)
					75,522,000
					shares)
Total value of the transactions		-	173,024,420	24,242,562 USD
performed in the reporting period			RON total	total value of the
						value of the	GDRs acquisition
						shares
						acquisition	104,732,716.35
							RON estimated
							value of the
							equivalent shares
							of GDRs based on
							the exchange rate
							communicated by
							the National Bank
							of Romania
Total number of shares and GDRs	124,478,000	1,510,440	-	-
bought-back and total value of	shares	GDRs
transactions performed during 2020		(representing
					75,522,000
					shares)
Number of shares left to be			600,000,000 shares
repurchased within the eleventh buy-
back programme1 as of the date of
this notification

* The weighted average price per security was rounded to 4-digits

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

Johan MEYER - Legal Representative

1 As per the Fund's Extraordinary General Shareholders Meeting Resolution no. 5 of 15 November 2019, published in the Official Gazette of Romania, Part IV, no. 5122/09.12.2019, the eleventh buyback programme refers to the acquisition by the Fund of a maximum number of 800,000,000 shares and/or equivalent global depository receipts corresponding to the Fund's shares ("GDRs"). The duration of the eleventh buyback programme is 1 January 2020 - 31 December 2020. The shares repurchased during this buyback programme will be cancelled.

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FONDUL PROPRIETATEA S.A., an alternative investment fund • 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 • Subscribed share capital RON 3,959,264,762.44 RON, Paid-up share capital RON 3,770,082,340.44 • Tel.: + 40 21

200 9600; Fax: [phone]; Email: [e-mail]; Internet: www.fondulproprietatea.ro