Fondul Proprietatea : Notification regarding the transactions performed during the buy-back program

FONDUL PROPRIETATEA S.A. Bucharest Stock Exchange Symbol: FP London Stock Exchange Symbol: FP.

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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 22 - 26 November 2021:

a) Issuer's name (buyer)

b) Brokers' names	∙	SWISS CAPITAL S.A., and
	∙	AUERBACH GRAYSON

1. Description of the acquired financial instruments and trading place

Ordinary shares issued by the Fund (ISIN 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:

		Weighte	Volume of	Volume of
	Weighted	d	Value of the	Value of the
Date of the	average	average	the	the
transaction	transaction
price per	price per	transaction	transaction
transaction	with shares	with GDRs
share	GDR	(no. of	(no. of
	(RON)	(USD)
	(RON)*	(USD)*	shares)	GDRs)
22 November	1.8118	-	510,123	-	924,240.85	-
2021
23 November	1.8095	-	494,376	-	894,573.37	-
2021
24 November	1.8185	-	493,219	-	896,918.75	-
2021
25 November	1.8288	-	492,624	-	900,910.77	-
2021

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FONDUL PROPRIETATEA S.A., an alternative investment fund • Headquarters at: 76-80 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

3,334,342,422.84 RON, Paid-up share capital RON 3,145,160,000.84 • Tel.: + 40 21 200 9600; Fax: [phone]; Email: [e-mail];

Internet: www.fondulproprietatea.ro

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						Weighte	Volume of	Volume of
			Weighted		d	Value of the	Value of the
			average		average	the	the
Date of the			transaction	transaction
	price per		price per	transaction	transaction
transaction			with shares	with GDRs
		share		GDR	(no. of	(no. of
					(RON)	(USD)
			(RON)*		(USD)*	shares)	GDRs)
26 November			1.7872		-	460,222	-	822,508.76	-
	2021
Number of shares and GDRs bought-	2.450.564	0 GDRs
back during the reporting period	(representing	-	-
shares
							0 shares)
										0 USD total
										value of the
										GDRs
										acquisition
										0 RON
									4,439,152.50	estimated
Total	value	of	the transactions			RON total	value of the
-	-	value of the	equivalent
performed in the reporting period
		shares	shares of
									acquisition	GDRs based
										on the
										exchange rate
										communicated
										by the National
										Bank of
										Romania
										19,352,430.67
										USD total
										value of the
										GDRs
										acquisition
Total	number	of	shares	and GDRs		963,068	232,228,833.52	79,132,873.17
	RON estimated
	GDRs	RON total
bought-back	and	total		value of	137,264,817	value of the
	(representing	value of the
transactions performed during 2021	shares	equivalent
48,153,400	shares
								shares of
								shares)	acquisition
								GDRs based
										on the
										exchange rate
										communicated
										by the National
										Bank of
										Romania
Number of shares left to be
repurchased within the twelfth buy-		614,581,783 shares
back programme1 as of the date of this
notification

1 As per the Fund's Extraordinary General Shareholders Meeting Resolution no. 5 of 13 November 2020, published in the Official Gazette of Romania, Part IV, no. 4233/02.12.2020, the twelfth buyback programme refers to the acquisition by the Fund of a

__________________________________________________________________________________________________________________________________________________________

FONDUL PROPRIETATEA S.A., an alternative investment fund • Headquarters at: 76-80 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

3,334,342,422.84 RON, Paid-up share capital RON 3,145,160,000.84 • Tel.: + 40 21 200 9600; Fax: [phone]; Email: [e-mail];

Internet: www.fondulproprietatea.ro

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* The weighted average price per security was rounded to 4-digits

Franklin Templeton International Services S.À R.L., acting as Alternative Investment Fund Manager of FONDUL PROPRIETATEA S.A.

Johan MEYER - Permanent Representative

maximum number of 800,000,000 shares and/or equivalent global depository receipts corresponding to the Fund's shares ("GDRs"). The duration of the twelfth buyback programme is 1 January 2021 - 31 December 2021. The shares repurchased during this buyback programme will be cancelled.

__________________________________________________________________________________________________________________________________________________________

FONDUL PROPRIETATEA S.A., an alternative investment fund • Headquarters at: 76-80 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

3,334,342,422.84 RON, Paid-up share capital RON 3,145,160,000.84 • Tel.: + 40 21 200 9600; Fax: [phone]; Email: [e-mail];

Internet: www.fondulproprietatea.ro