Franklin Templeton International Services S.À R.L., in its capacity as alternative investment fund manager and sole director (the "Fund Manager") of Fondul Proprietatea SA (the "Fund"), announced that Mr. Mike Sommer has been appointed as a permanent representative of the Fund Manager at the level of the Fund, while Mr. Harold Christopher Nash and Mr. Adrian Cighi have been withdrawn from this position. Changes are effective as of 14 December 2017 and do not affect the rest of the permanent representatives of the Fund Manager at the level of the Fund.