SIF Oltenia : NAV as of 31.01.2022 - final data

(to be filled in on a monthly basis)

FINAL DATA

The manner in which the net asset value is calculated (according to F.S.A. Regulation no. 7/2020)	Amount (lei)
1.	Intangible assets	5,977
2.	Tabgible assets	11,464,288
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	2,479,057,987
6.1.	Financial assets evaluated at amortised cost	6,866,552
6.1.1.	Corporate bonds	6,866,552
6.1.1.1.	Listed corporate bonds	0 6,866,552
6.1.1.2.	Unlisted corporate bonds
6.2.	Financial assets evaluated at fair value through profit or loss	4,654,881
6.2.1.	Equity interests in FIA / OPCVM - listed	0 4,654,881
6.2.2.	Equity interests in FIA / OPCVM - unlisted
6.3.	Financial assets at fair value through other items of comprehensive income	2,467,536,554
6.3.1.	Listed shares traded in the last 30 days	2,305,628,059 0 161,908,495
6.3.2.	Listed shares not traded in the last 30 days
6.3.3.	Unlisted shares
7.	Cash and cash equivalents	4,236,827
8.	Bank deposits	337,120
9.	Other assets	1,680,101
9.1.	Dividends or other rights receivable	0 1,680,101
9.2.	Other assets
10.	Accrued expenses	117,758
11.	Total assets	2,498,013,305
12.	Total liabilities	230,036,034
12.1.	Financial liabilities measured at amortised cost	47,056,022
12.1.1.	Trade debts	734,009 45,708,369 613,644
12.1.2.	Payment dividends
12.1.3.	Other debts at amortized cost
12.2.	Deferred income tax liabilities	165,914,693 17,065,319
12.3.	Other liabilities
13.	Provisions for risks and expenses	5,500,000
14.	Deferred income	11,680
15.	Equity, of which:	2,262,465,591
15.1.	Share capital	50,000,000 0 840,309,157 0 7,213,220 633,069,184
15.2.	Items treated as equity
15.3.	Other equity items
15.4.	Share premiums
15.5.	Revaluation reserves
15.6.	Reserves

(to be filled in on a monthly basis)

FINAL DATA

The manner in which the net asset value is calculated (according to F.S.A. Regulation no. 7/2020)	Amount (lei)
15.7.	Own shares	0 732,658,619 -784,589 0
15.8.	Retained earnings
15.9.	Result of the financial year
15.10.	Losses on the issue, redemption, sale, transfer free of charge or cancellation of equity instruments
16.	Net assets (11 - 12 - 13 - 14)	2,262,465,591
17.	Number of shares issued	500,000,000
18.	Unit value of net assets	4.5249
19.	Number of companies in the portfolio , of which:	40
19.1.	Companies admitted to trading on an EU trading venue	26 0 14
19.2.	Companies admitted to trading on an exchange in a third country
19.3.	Companies not admitted to trading.

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	1.1021
SIF5 exposure	2,493,439,358
Commitment approach
Leverage level	1.1041
SIF5 exposure	2,498,013,305
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,

Sorin - Iulian Cioacă

Depository Certification 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 no.	Name of the issuer	Tax Identificati on Code	No. of shares held	No. / date of the evaluation report	Amount
lei / share	total
1	MERCUR CRAIOVA	2297960	7,104,836	10173/11.10.2021	11.9825	85,133,633
2	VOLTALIM CRAIOVA	12351498	5,997,519	5906/27.05.2021	9.0462	54,255,055
3	TURISM PUCIOASA	939827	1,010,599	5907/27.05.2021	4.1096	4,153,147
4	PROVITAS BUCURESTI	7965688	35,139	5905/27.05.2021	150.0000	5,270,850
5	GEMINA TOUR RM.VILCEA	1477750	757,888	5904/27.05.2021	4.3626	3,306,332
6	COMPLEX HOTELIER DAMBOVITA	10108620	1,754,221	5903/27.05.2021	5.8145	10,199,988
7	ALIMENTARA SLATINA	1513357	350,342	12205/09.12.2021	62.0278	21,730,943
8	UNIVERS RM.VALCEA	1469006	587,519	12206/09.12.2021	52.2681	30,708,529

*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

GENERAL MANAGER,

Sorin - Iulian Cioacă

Depository Certification Raiffeisen Bank

DEPUTY GENERAL MANAGER,

Mihai Trifu