Fondul Proprietatea sold its remaining stake in OMV Petrom

Franklin Templeton International Services S.À R.L., in its capacity as alternative investment fund manager and sole director (“FTIS”) of Fondul Proprietatea S.A., today announced the agreement to sell 1,777,067,726 ordinary shares representing the entire holding of Fondul Proprietatea S.A. in OMV Petrom S.A. following completion of an accelerated bookbuild offering. The shares’ selling price has been agreed at RON 0.43/share. The gross proceeds of the Transaction amount to RON 764,139,122.18 and will be used to implement the Fund’s Discount Control Mechanism as set out in the Fund’s Investment Policy Statement, by funding the buyback programme, as approved by the Fund’s shareholders and/or the payment of potential dividends to the Fund’s shareholders, in the absence of exceptional market conditions or circumstances, and subject to any restrictions under Romanian legal or tax regulations and to shareholders’ approval. Petrom will not receive any proceeds from the Transaction. Subject to the settlement of the Transaction, the Fund will no longer hold shares in Petrom.