nklin Templeton International Services S.À R.L., in its capacity as alternative investment fund manager and sole director of Fondul Proprietatea S.A. announced the investors that Mr. Sorin Mîndru?escu, who has served as a member of the Fund's Board of Nominees (the "Board") since September 2010 and as its Chairman since April 2012, decided to step down with immediate effect from the positions held within the Fund's Board and Consultative Committees.