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 International Services S.À R.L., in its capacity of alternative investment fund manager, hereby informs you in its capacity as Issuer on the following information regarding the transactions concluded during 19 October - 24 December 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
	price per	price per	transaction	transaction	with shares	with GDRs
	share	GDR	(no. of	(no. of	(RON)	(USD)
	(RON)*	(USD)*	shares)	GDRs)
17 December	1.3900	-	101,774,750	-	141,466,902.50	-
2020
18 December	-	17.3845	-	1,264,505	-	21,982,787.17
2020
Number of shares and GDRs bought-	101,774,750	1,264,505	-	-
back during the reporting period	shares	GDRs

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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 3,749,282,292.08 RON, Paid-up share capital RON

3,560,099,870.08 • Tel.: + 40 21 200 9600; Fax: [phone]; Email: [e-mail]; Internet: www.fondulproprietatea.ro

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		(representing
		63,225,250
		shares)
Total value of the transactions	-	-	141,466,902.50	21,982,787.17
performed in the reporting period			RON total	USD total
			value of the	value of the
			shares	GDRs
			acquisition	acquisition
				87,550,846.46
				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	555,481,637	4,849,593	-	-
bought-back and total value of	shares	GDRs
transactions performed during 2020		(representing
		242,479,650
		shares)
Number of shares left to be repurchased		2,038,713 shares
within the eleventh buy-back
programme 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

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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 3,749,282,292.08 RON, Paid-up share capital RON

3,560,099,870.08 • Tel.: + 40 21 200 9600; Fax: [phone]; Email: [e-mail]; Internet: www.fondulproprietatea.ro