SIF Oltenia : NAV as of 28.02.2022 - operative data

No. 2446 / 15.03.2022

To: BUCHAREST STOCK EXCHANGE

Fax: [phone]

FINANCIAL SUPERVISORY AUTHORITY

FINANCIAL INSTRUMENTS AND INVESTMENTS SECTOR

Fax: [phone]

PRESS RELEASE

We enclose the attached S.I.F. Oltenia S.A. Statement of Assets and Liabilities on February 2022 (Annex 10) - operative data, according to FSA Regulations no. 9/2014 and no. 7/2020, as it was prepared by the company and certified by the depositary.

We note that the data specified in Annex 10 of the FSA no. 7/2020 were sent to the Financial Supervision Authority, according to the provisions of art. 38 para. (1) of Law no. 243/2019 and art. 50 of the FSA no. 7/2020.

In case that the Financial Supervisory Authority objects or requests for clarification in accordance with the law, investors will be duly informed.

Sorin-Iulian CIOACĂ

President - General Manager

Viorica Bălan

Compliance Officer

S.I.F. Oltenia S.A.	ANNEX 10
Statement of assets and liabilities as of date	28/02/2022
	(to be filled in on a monthly basis)
		OPERATIVE DATA
	The manner in which the net asset value is calculated	Amount (lei)
	(according to F.S.A. Regulation no. 7/2020)
1.	Intangible assets	5,762
2.	Tabgible assets	11,426,561
3.	Real estate investments	1,113,247
4.	Biological assets	0
5.	Assets representing rights to use support assets under a leasing contract	0
6.	Financial assets	2,359,316,073
6.1.	Financial assets evaluated at amortised cost	6,879,959
6.1.1.	Corporate bonds	6,879,959
6.1.1.1.	Listed corporate bonds	0
6.1.1.2.	Unlisted corporate bonds	6,879,959
6.2.	Financial assets evaluated at fair value through profit or loss	4,540,925
6.2.1.	Equity interests in FIA / OPCVM - listed	0
6.2.2.	Equity interests in FIA / OPCVM - unlisted	4,540,925
6.3.	Financial assets at fair value through other items of comprehensive	2,347,895,189
income
6.3.1.	Listed shares traded in the last 30 days	2,185,104,545
6.3.2.	Listed shares not traded in the last 30 days	1,328,111
6.3.3.	Unlisted shares	161,462,533
7.	Cash and cash equivalents	2,902,399
8.	Bank deposits	14,986,909
9.	Other assets	289,923
9.1.	Dividends or other rights receivable	0
9.2.	Other assets	289,923
10.	Accrued expenses	101,922
11.	Total assets	2,390,142,796
12.	Total liabilities	212,496,595
12.1.	Financial liabilities measured at amortised cost	46,714,817
12.1.1.	Trade debts	455,690
12.1.2.	Payment dividends	45,635,846
12.1.3.	Other debts at amortized cost	623,281
12.2.	Deferred income tax liabilities	146,917,889
12.3.	Other liabilities	18,863,889
13.	Provisions for risks and expenses	5,500,000
14.	Deferred income	11,225
15.	Equity, of which:	2,172,134,976
15.1.	Share capital	50,000,000
15.2.	Items treated as equity	0
15.3.	Other equity items	740,587,454
15.4.	Share premiums	0
15.5.	Revaluation reserves	7,184,661
15.6.	Reserves	633,069,184

S.I.F. Oltenia S.A.	ANNEX 10
Statement of assets and liabilities as of date	28/02/2022
	(to be filled in on a monthly basis)
		OPERATIVE DATA
	The manner in which the net asset value is calculated	Amount (lei)
	(according to F.S.A. Regulation no. 7/2020)
15.7.	Own shares	0
15.8.	Retained earnings	743,377,072
15.9.	Result of the financial year	-2,083,395
15.10.	Losses on the issue, redemption, sale, transfer free of charge or	0
cancellation of equity instruments
16.	Net assets (11 - 12 - 13 - 14)	2,172,134,976
17.	Number of shares issued	500,000,000
18.	Unit value of net assets	4.3443
19.	Number of companies in the portfolio , of which:	40
19.1.	Companies admitted to trading on an EU trading venue	26
19.2.	Companies admitted to trading on an exchange in a third country	0
19.3.	Companies not admitted to trading.	14

According to Article 38 para. 4 of Law no. 243 / 2019 S.I.F. Oltenia publishes the leverage level and exposure value according to the provisions of EU Regulation 231 / 2013 calculated by the gross approach and the commitment approach.

Gross approach:

Leverage level	1.0921
SIF5 exposure	2,372,253,488
Commitment approach
Leverage level	1.1004
SIF5 exposure	2,390,142,796

Statement certified by Depozitar Raiffeisen Bank S.A.

Statement prepared on the basis of the trial balance determined on the basis of the A.S.F. Rule 39 / 2015 for the approval of the Accounting Regulations in compliance with the International Financial Reporting Standards, applicable to entities authorized, regulated and supervised by the Financial Supervisory Authority in the Financial Instruments and Investments Sector

In accordance with IFRS 9, effective from 01.01.2018, the results of transactions with financial assets measured at fair value through other comprehensive income are reflected in retained earnings

GENERAL MANAGER,	Depository Certification
Sorin - Iulian Cioacă	Raiffeisen Bank

DEPUTY GENERAL MANAGER,

Mihai Trifu

Annex according to art. 38 para. (4) of Law no. 243/2019

Assets in the portfolio of S.I.F. Oltenia S.A. that have been evaluated using valuation methods in accordance with International Valuation Standards*

Running		Tax	No. of shares	No. / date of the	Amount
Name of the issuer	Identificati	lei / share	total
no.		on Code	held	evaluation report
1	MERCUR CRAIOVA	2297960	7,104,836	10173/11.10.2021	11.9825	85,133,633
2	GEMINA TOUR RM.VILCEA	1477750	757,888	5904/27.05.2021	4.3626	3,306,332
3	ALIMENTARA SLATINA	1513357	350,342	12205/09.12.2021	62.0278	21,730,943
4	UNIVERS RM.VALCEA	1469006	587,519	12206/09.12.2021	52.2681	30,708,529
5	FLAROS BUCURESTI	350944	1,233,390	2205/08.03.2022	71.7500	88,495,724
6	VOLTALIM CRAIOVA	12351498	5,997,519	5906/27.05.2021	9.0462	54,255,055
7	COMPLEX HOTELIER	10108620	1,754,221	2283/11.03.2022	5.4155	9,499,990
DAMBOVITA
8	PROVITAS BUCURESTI	7965688	35,139	2284/11.03.2022	134.0000	4,708,626
9	TURISM PUCIOASA	939827	1,010,599	2286/11.03.2022	4.5890	4,637,680

*The companies: Complex Hotelier Dâmbovița, Provitas București, Turism Pucioasa, Gemina Tour Rm.Vâlcea

and Voltalim Craiova were evaluated based on the financial statements from 31/12/2020, according to the international valuation standards, through the valuation method "Updating the forecasted flows "Mercur Craiova, Univers Rm.Vâlcea and Alimentara Slatina were evaluated based on the financial statements from 30/09/2021, Flaros was evaluated based on the financial statements as at 31/12/2021.

GENERAL MANAGER,	Depository Certification
Sorin - Iulian Cioacă	Raiffeisen Bank

DEPUTY GENERAL

MANAGER,

Mihai Trifu