N0. 2798 of May 31, 2018

To:Bucharest Stock ExchangeAnnouncement: "Baba Novac Residence" real estate project enters Phase 3, which is the last stage of the apartment sale program

Considering that Phase 2 sales of the the Baba Novac Residence have exceeded 75% of the total, it begins the Phase 3 apartment sales. This stage includes 121 apartments and it will be completed by the end of 2019.

Until now 212 apartments out of a total of 363 have been sold within Baba Novac Residence project

The first phase of the project is currently finalizing and it comprises of 121 apartments located in two of the six blocks. Over 95% of the apartments have already been sold. The delivery deadline for the first phase is set for the end of 2018.

The residential complex is located on Eufrosina Popescu Street, the Baba Novac area, close to the Dristor Metro Station and consists of 6 blocks with a height of 9 levels, three tower blocks and three linear blocks with 363 apartments in total and 436 underground and overground parking spots. The apartments are spacious, the average usable area being about 60 square meters, well-divided, with generous balconies and top-quality finishes. It is distinct from other projects due to the high percentage of the green spaces which account for 37% of the total area, 20% being green areas on natural land.

"Baba Novac Residence" is a project of € 34 million developed by SIF Moldova through its subsidiary.

Claudiu Doros CEO

Michaela Puscas Compliance Officer

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SIF Moldova SA published this content on 31 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 31 May 2018 15:02:01 UTC