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To: Bucharest Stock
Exchange
Financial Supervisory Authority
London Stock Exchange
Current report according to Article 99 (s) of the Code of the Bucharest Stock Exchange
Market Operator, Title II, Issuers and Financial Instruments
Important events to be reported:
Resuming the public tender offer process in relation to the acceleration of the sixth
buy-back programme
Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch, in its
capacity as Investment Manager ("the Investment Manager") of Fondul
Proprietatea SA ("the Fund"), would like to inform shareholders about the
decision taken to resume the public tender offer process suspended in January 2016 due to the market
conditions.
As such, the Investment Manager would like to inform shareholders that it has submitted
today for approval to the Financial Supervisory Authority (the "FSA")
an application for a tender offer for cash of its own shares in relation to the sixth buy-back programme approved by the
Shareholders' Resolution no. 5/27 April 2015. The Investment Manager would also like to inform shareholders and investors
that it has engaged Wood & Company Financial Services, A.S. as intermediary in relation to the purchase of shares and
intends to engage Goldman Sachs International and Wood & Company Financial Services, A.S. as dealer managers and The
Bank of New York Mellon as tender agent in relation to the purchase of global depositary receipts ("GDRs"). Under this tender offer, the Fund intends to repurchase up to 575,000,000 shares (both in the form of
shares and GDRs) from its shareholders.
It is expected that full details of the tender offer, including
pricing, will be announced if and when approval is received from the FSA, which is expected to occur within 10 business
days according to the regulations in force.
In light of this development, the Fund would also like to report that the daily execution
of the buy-back programme with respect to shares on the Bucharest Stock Exchange and GDRs on the London Stock Exchange
has been suspended from 27 June 2016; any restart after the closing of the tender offer will be announced in due
course.
Important disclaimer to shareholders and investors:
The filing of the application for the approval of the envisaged tender offer disclosed
herein does not constitute a guarantee that the Fund will actually proceed with the Tender Offer;
the Fund's decision to launch the Tender Offer will depend on several factors (including the market conditions and the
approval of the Tender Offer documentation by the FSA).
If the Tender Offer proceeds, the tender and the purchase of the shares and GDRs will be
carried out exclusively in accordance with the terms and conditions of the Tender Offer Document if and when published.
The information contained in this announcement is for background purposes only and does not purport to be full or
complete. This announcement is not intended to, and does not constitute, or form part of, an offer to sell or an
invitation to purchase, exchange or subscribe for any securities in any jurisdiction. This announcement does not
constitute a prospectus or a prospectus equivalent document.
Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch, in its
capacity of Investment Manager of FONDUL PROPRIETATEA S.A.
Grzegorz Konieczny
Legal Representative
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Report date:
5 July 2016
Name of the issuing entity:
Fondul Proprietatea
S.A.
Registered office:
78-80 Buzesti St.,
7th floor, district 1,
Bucharest, postal code 011017
Phone/fax number:
Tel.: + 40 21 200
9600
Fax: + 40 21 200
9631
Sole Registration Code with the Trade Register Office:
18253260
Order number in the
Trade Register:
J40/21901/2005
Subscribed share capital:
RON 9,320,973,180.85
Paid-up share capital:
RON 9,011,732,683.35
Number of shares in issue:
10,965,850,801
Number of paid shares:
10,602,038,451
Regulated market on which the issued securities are traded:
Shares on Bucharest Stock Exchange
GDRs on London Stock Exchange
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