Current Report according to:

Law 24/2017, CNVM Regulation 1/2006

Report date: September 11, 2017

Regulated market on which the issued securities are traded:

Bucharest Stock Exchange, Premium Category

Announcement: SIF Moldova vs. Ministry of Public Finance / National Agency for Fiscal Administration on clarifying the method of taxation of dividends due to investment funds without legal personality.

We would like to bring to your attention that SIF Moldova has repeatedly addressed to the Ministry of Finance / NAFA (starting with June 8, 2017), asking for clarifications regarding the method of taxation of dividends due to investment funds without legal personality. NAFA / Large Contributory Department has informed us on August 24, 2017 that this issue is in the analysis of the Tax Legislation and Customs Regulations General Department within the Ministry of Finance.

We inform the shareholders that until the date of this announcement, the fiscal authority did not submit the applicable solution in this case, although the interpretation of article 43 paragraph (1) of Law 227/2015 may seem simple.

In the absence of the fiscal opinion opposable to SIF Moldova and in correlation with the key data approved on the GMS of April 4, 2017 (ex-date: September 11, 2017, registration date: September 12, 2017, payment date: October 2, 2017), we consider that in order to reflect in a prudential manner the value of SIF Moldova dividend for 2016 in the net asset of the investment funds without legal personality, it must be recorded at the net value.

If the Ministry of Finance / NAFA response will be in the sense of non-taxation of dividends due to this category of funds, SIF Moldova will communicate publicly and the withholding tax will be returned, a solution that would also be applicable to the tax withheld for the dividends of the fiscal year 2015.

SIF Moldova will continue its efforts to with the MF / NAFA in order to obtain an opinion on the presented subject.

Claudiu Doros CEO

Internal Control Michaela Puscas

SIF Moldova SA published this content on 11 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 11 September 2017 15:13:07 UTC.

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