Update regarding significant NAV changes

Fondul Proprietatea S.A.

07 July 2023

 

To:          Bucharest Stock Exchange                 Financial Supervisory Authority                London Stock Exchange Current report according to Article 234 para. (1) letter s) of the Financial Supervisory Authority Regulation no. 5/2018 on issuers of financial instruments and market operations, as well as the provisions of Article 99 letter s) of the Code of the Bucharest Stock Exchange, Title II, Issuers and Financial Instruments. Important events to be reported: Update regarding significant Net Asset Value ("NAV") changes Franklin Templeton International Services S.À R.L., in its capacity as alternative investment fund manager and sole director ("FTIS") of Fondul Proprietatea S.A. (the "Fund" / "Fondul Proprietatea"), hereby informs the market that, based on the preliminary data held by FTIS, there is a high probability that the next reported NAV to be at least 5% lower than the most recent NAV as of 31 May 2023, as published by the Fund on 15 June 2023, mainly due to the valuation update of the Fund's holding in S.P.E.E.H. Hidroelectrica S.A. ("Hidroelectrica"), based on the final offer price in the initial public offering by the Fund of Hidroelectrica's shares. Fondul Proprietatea will publish the NAV report for 30 June 2023 no later than 14 July 2023. Franklin Templeton International Services S.À R.L, in its capacity of alternative investment fund manager and sole director of FONDUL PROPRIETATEA S.A. Johan MEYER Permanent Representative

Report date: 7 July 2023 Name of the issuing entity: Fondul Proprietatea S.A. Registered office: 76-80 Buzesti Street 7th floor, district 1, Bucharest, 011017 Phone/fax number: Tel.: + 40 21 200 96 00 Fax: [phone] Email: [e-mail] Internet: www.fondulproprietatea.ro Sole Registration Code with the Trade Register Office: 18253260 Order number in the Trade Register: J40/21901/2005 Subscribed and paid-up share capital: RON 3,233,269,110.76 Number of shares in issue and paid-up: 6,217,825,213 Regulated market on which the issued securities are traded: Shares on Bucharest Stock Exchange GDRs on London Stock Exchange

 

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