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April 17, 2021

Vivian Nicoli resigns as member of the board of nominees of Fondul Proprietatea

Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch, in its capacity as Investment Manager (the “Investment Manager”) of Fondul Proprietatea SA (the “Fund”), has recently informed  that Mrs. Vivian Nicoli has resigned from her positions held within the Fund’s Board of Nominees (the “Board”) and Consultative Committees due to her intention to take on other commitments, a press release informs. The effective date of the resignation is 1 September 2020.

The appointment of a new member of the Board will be on the agenda of the next general meeting of the shareholders of the Fund.

Piotr Rymaszewski, Chairman of Board of Nominees, commented: “We would like to thank Mrs. Nicoli for her contribution as member of the Board of Nominees. The members of the Board greatly valued her international investment expertise, helpful insights, and dedication to support the achievement of the Fund’s objectives. It has been a pleasure working with Mrs. Nicoli and we would like to wish her all the best in her future activity”.

Johan Meyer, CEO of Franklin Templeton Investments and Portfolio Manager of Fondul Proprietatea added: “We appreciated the leadership, commitment and dedicated efforts shown by Mrs. Nicoli during her tenure as a Board member. I have enjoyed working with her and I would like to wish her all the best in the next chapter of her life.”

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