Update on the Fund's buyback programmes

Fondul Proprietatea S.A.

31 January 2025

 

To:          Bucharest Stock Exchange                 Financial Supervisory Authority                London Stock Exchange Current report according to Article 99 letter s) of the Code of the Bucharest Stock Exchange, Title II, Issuers and Financial Instruments. Important events to be reported: Update on the Fund's buyback programmes   Franklin Templeton International Services S.À R.L., in its capacity of alternative investment fund manager and sole director ("AIFM") of Fondul Proprietatea S.A. ("the Fund"), would like to update shareholders and investors on the status of its buyback programmes. Start of the sixteenth buyback programme   In accordance with EGM Resolution no. 10/2 December 2024, published in the Official Gazette of Romania, Part IV, no. 393/29 January 2025, the next buyback programme refers to the acquisition of a maximum number of 320,000,000 ordinary shares and/or equivalent global depositary receipts corresponding to the Fund's shares ("GDRs") commencing on 3 February 2025. The shares repurchased during this buyback programme will be cancelled. The trade price range for the programme is RON 0.2 / share to RON 1 / share. This buy-back programme implementation will be done exclusively from own sources ("2025 buyback programme"). The Fund Manager would like to inform shareholders that Auerbach Grayson and Swiss Capital have been selected to provide brokerage services for the 2025 buyback programme. The Fund is allowed to buyback daily up to 25% of the average daily volume of the Fund's shares (whether in the form of ordinary shares or GDRs) on the regulated market on which the purchase is carried out, calculated in accordance with applicable law. AIFM will report on a weekly basis on the progress of the 2025 buyback programme according to the legislation in force. 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: 31 January 2025 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 1,849,342,164.28 Number of shares in issue and paid-up: 3,556,427,239 Regulated market on which the issued securities are traded: Shares on Bucharest Stock Exchange GDRs on London Stock Exchange

 

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