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To: Stock Exchange Financial Supervisory Authority Report date:

4 December 2013 Current report according to Article 99 (s) of the Code of the Bucharest Stock Name of the issuing entity: Exchange, Title II, Issuers and Financial Instruments S.C. Fondul Proprietatea S.A. (the “Fund”) Events to be reported: Registered office: Review of strategic options for FP holding in 78-80 Buzesti St., th 7 floor, district 1, Franklin Templeton Investment Management Ltd. United Bucharest, postal code 011017 Kingdom Bucharest Branch, in its capacity as sole Phone/fax number: Tel.: + 40 21 200 9600 administrator and fund manager of the Fund, would like to Fax: + 40 21 200 9631 inform shareholders that in line with its commitment to explore Sole Registration Code with the ways to increase value for shareholders and improve liquidity Trade Register Office: 18253260 of the assets in the Fund’s portfolio, it has appointed Citigroup Order number in the Global Markets Ltd, Raiffeisen Capital & Investment S.A. and Trade Register: Wood & Company Financial Services a.s. as advisors to J40/21901/2005 evaluate its strategic options relating to a part or all of the Subscribed share capital: RON 13,778,392,208 Fund’s 14.99% stake in Transgaz SA. Paid share capital: RON 13,413,137,586 Franklin Templeton Investment Management Ltd United Kingdom Bucharest Branch, acting as Sole Administrator on behalf of S.C. FONDUL Regulated market on which the PROPRIETATEA S.A. issued securities are traded: Oana Valentina Truta Legal representative

______S.C. FONDUL PROPRIETATEA S.A., a closed-end investment company administrated under a unitary system • Headquarters at: 78-80 Buzesti Street, 7th floor, Bucharest 1st district, postal code 011017, . • Fiscal Identification Code (CIF): 18253260, registered with the Trade Registry under no: J40/21901/2005 • Register on Data Protection Notification Register under number 18668 • Subscribed share capital RON 13,778,392,208, Paid Share Capital: RON 13,413,137,586 • Tel.: + 40 21 200 9600; Fax: +40 21 200 9631; Email: [email protected]; Internet: www.fondulproprietatea.ro