ANNOUNCEMENT May 16, 2017 DIVIDEND ALLOCATION PROCEDURE BURSA DE VALORI BUCUREȘTI SA In accrdance with the reslutin f the Ordinary General Meeting f Sharehlders f April 12, 2017, Bursa de Valri București S.A. ( BVB ) annunces that the payment f dividends fr 2016 shall be made thrugh Depzitarul Central ( the Central Depsitry ) and the payment agent BRD Grupe Sciété Générale ( BRD ) starting with June 6, 2017 ( Payment Date ), t all BVB sharehlders registered in the Sharehlders Registry at the registratin date May 16, 2017 ( Registratin Date ). The Ex Date apprved by the Ordinary General Meeting f Sharehlders is May 15, 2017. The grss dividend value is RON 0.92028/share and where applicable any withhlding tax payable will be deducted prir t payment at the legal rate r in line with any specific regulatins. The cmmissin related t the dividend payment is supprted by BVB. The cnditins and terms fr dividend payment are the fllwing: 1. Thrugh Participants (Custdian Banks r Brkers): Individuals and legal entities / ther entities having accunts pened with a Participant (respectively, an intermediary participating in the clearing-settlement and registry system f the Central Depsitry): Fr sharehlders that are individuals, legal entities r ther entities wh, n the Registratin Date, hld shares in Sectin II in BVB s Sharehlders Registry in an accunt pened with a Participant, dividends shall be paid autmatically thrugh the Central Depsitry int Participants accunt n the Payment Date, unless the respective sharehlders expressly prvide a ntice fr the ptin t pstpne payment, t the Participant, and the Participant did nt cmmunicate such ptin t the Central Depsitry in the reprt fr the Registratin Date. The pstpned payment date is applicable nly fr nn-resident sharehlders wh have an accunt pened with the Participant and wh pt t pstpne payment t a date later than the Payment Date in rder t benefit f the mre favrable prvisins f a Duble Tax Treaty. Nn-resident sharehlders with an accunt pened with a Participant (Custdian Bank r Brker) wh want t invke fr the applicatin f the mre favrable prvisins f a Duble Tax Treaty cncluded between Rmania and their cuntry f residence r the mre favrable prvisins applicable t nnresident pensin funds (as defined in legislatin f that EU Member State r f that EFTA State), in accrdance with the Law n. 227/2015 as amended (and the implementing regulatins f the Law n.
227/2015 regarding the Fiscal Cde), must submit a valid Tax Residency Certificate fr the year in which the dividend is paid, within the validity perid, in riginal r legalized cpy, with apstille/ superlegalizatin if the case, accmpanied by an authrized translatin, and als cntact details fr pssible clarificatins regarding the tax residency certificate: until May 30, 2017, if the sharehlder did nt pt fr a pstpned payment, at BVB s headquarters in 34-36, Carl I Blvd., 14th flr, pstal cde 020922, district 2, Bucharest; n later than Nvember 30, 2017, fr sharehlders wh pted fr pstpned dividend payment, at BVB s headquarters in 34-36, Carl I Blvd., 14th flr, pstal cde 020922, district 2, Bucharest. In the case f nn-resident sharehlders represented by a Participant, BVB shall withhld dividend tax frm the grss dividend at the standard tax rate in frce prvided by the Rmanian Tax Cde if: the sharehlder did nt pt fr a pstpned payment and did nt prvide a tax residency certificate and any related clarificatins requested, until May 30, 2017; the sharehlder pted fr pstpned payment, but did nt prvide a tax residency certificate and any related clarificatins requested, until Nvember 30, 2017. 2. Payments thrugh bank transfer as per sharehlders request addressed directly t the Central Depsitry Starting with 2014 dividends payment, the Central Depsitry prvides all sharehlders nt represented by Participants with the pssibility t receive any due amunt f mney thrugh bank transfer int a bank accunt, irrespective f the issuer distributing such mney. The stated bank accunt remains valid fr future distributins unless expressly ntified therwise. The payment f dividends shall be made by the Central Depsitry by bank transfer starting with June 6, 2017, after the dcuments are received and verified. Sharehlders wh are individuals r legal entities wh have nt submitted the IBAN Cde Cllectin Frm r wh wish t mdify previusly transmitted infrmatin by the present date, will prceed as fllws: 2.1. Sharehlders individuals, persnally r thrugh a legal r cnventinal representative, shall submit t the Central Depsitry the IBAN Cde Frm, in which the bank and bank accunt (IBAN cde) shall be specified fr the accunt pened in the sharehlder s name (the frm is available n the website f the Central Depsitry at www.depzitarulcentral.r), accmpanied by: A cpy f the valid identity papers, where the persnal identificatin number must be legible, certified as a true cpy by the hlder; A statement f accunt r a dcument prvided by the bank (signed and sealed) prving that the sharehlder is the hlder f the bank accunt, als stating the IBAN cde, in riginal; A cpy f the dcument attesting the capacity f legal r cnventinal representative, if any, certified as a true cpy by the hlder; A cpy f the payment receipt fr the IBAN Cde prcessing fee.
2.2. Sharehlders legal entities, thrugh a legal r cnventinal representative, shall submit t the Central Depsitry the IBAN Cde Frm in which the bank and bank accunt (IBAN cde) shall be specified fr the accunt pened in the sharehlder s name (the frm is available n the website f the Central Depsitry at www.depzitarulcentral.r), accmpanied by: A cpy f the certificate f incrpratin, certified as a true cpy by the hlder; A cpy f the dcument attesting the capacity f legal representative (ascertaining certificate issued by the Trade Registry r an equivalent authrity, fr freign entities), certified as a true cpy by the hlder; A cpy f the dcument attesting the capacity f the cnventinal representative, if any, certified as a true cpy by the hlder; A statement f accunt r a dcument prvided by the bank (signed and sealed) prving that the sharehlder (legal entity) is the hlder f the bank accunt, als stating the IBAN cde, in riginal; A cpy f the payment receipt fr the IBAN Cde prcessing fee. 2.3. The dcuments in a freign language shall be submitted with a ntarised Rmanian translatin, and dcuments in a freign language issued by a freign authrity shall be apstilled/superlegalized, as applicable. 2.4. The IBAN Cde Frms shall be submitted t the address: Depzitarul Central SA Bucuresti, Bd. Carl I nr. 34-36, sectr 2 r shall be submitted directly at the Central Depsitry s headquarters. Nte: The dcuments stipulated at 2.1, 2.2 and 2.3 shall be submitted nly nce t the Central Depsitry and shall be used fr any ther distributins f amunts due t the respective sharehlder resulting frm his/her relatinship with the issuers fr which the Central Depsitry ffers registry r dividend payment services. The sharehlder shall ntify the Central Depsitry f any change f infrmatin related t the bank accunt. 3. Thrugh the payment agent BRD Grupe Sciete Generale 3.1. Payments in cash fr individuals wh d nt have an accunt pened with a Participant Fr individuals, sharehlders wh d nt have an accunt pened with a Participant, wh d nt request and/r submit the dcuments necessary fr the payment thrugh bank transfer, the payment f dividends shall be made in cash, with BVB prviding the respective amunts, thrugh the Central Depsitry, at BRD s cash desks in any BRD unit, starting with June 6, 2017. The payment agent shall nly be able t make payments in cash within the limit established by the applicable legislatin (in accrdance with the Law n. 70/2015, staring with June 6, 2017, individuals wh are sharehlders will be able t receive dividends in cash up t the amunt f RON 10,000). Any payment at BRD s cash desk shall be cnfirmed by the persn present at the bank t cllect the dividend amunts by signing the payment receipt.
Dividends shall be cllected by sharehlders presenting in persn r thrugh a legal r cnventinal representative, as fllws: In case f resident individuals nt represented by a Participant, presenting in persn t the BRD branch, the dividend payment shall be made based n the identity dcument bearing the persnal identificatin number (P.I.N). In case f nn-resident individuals, nt represented by a Participant, presenting in persn at the BRD branch the payment f dividends shall be made upn presentatin f a passprt. In case f individuals under 14 years age, nt represented by a Participant, the payment f dividends shall be made thrugh the respective legal representative tutr/parent f the minr, based n the fllwing dcuments: sharehlder s birth certificate bearing the P.I.N. + 1 certified as a true cpy phtcpy (the phtcpy will be retained), the legal dcument establishing tutrship where the tutr is nt a parent + 1 certified as a true cpy phtcpy (the phtcpy will be retained), and the identificatin dcument f the tutr/parent + 1 certified as a true cpy phtcpy (the phtcpy will be retained). In case f individuals nt represented by a Participant, represented by a curatr, the payment f dividends shall be perfrmed thrugh the respective curatr, based n the fllwing dcuments: sharehlder s identity dcument bearing the P.I.N. + 1 certified as a true cpy phtcpy (the phtcpy will be retained), the legal dcument establishing curatrship + 1 certified as a true cpy phtcpy (the phtcpy will be retained), and the identificatin dcument f the curatr + 1 certified as a true cpy phtcpy (the phtcpy will be retained). In case f sharehlders nt represented by a Participant wh d nt present in persn, but empwer a different persn fr such purpses, the dividends shall be paid t the respective empwered persn based n the fllwing dcuments: special pwer f attrney ntarised by a ntary public, which cntains the mandate t receive the dividends issued by n mre than 3 years befre the payment date, except where the pwer f attrney has a duratin f mre than 3 years and is still valid n the date f payment + 1 certified as a true cpy phtcpy (the phtcpy will be retained) and the identificatin dcument f the representative + 1 certified as a true cpy phtcpy (the phtcpy will be retained). The dcuments in a freign language shall be submitted with a certified Rmanian translatin, and
dcuments in a freign language issued by a freign authrity shall be apstilled/superlegalized, as applicable. Special circumstances: N payments f net dividends shall be made at the cash desks in the fllwing situatins: t sharehlders whse P.I.N. frm the dcuments presented at the cash desk is nt the same with the P.I.N. stipulated in the registry f the Payment agent, as received frm the Central Depsitry. Such persns shall be directed t the Central Depsitry. t the sharehlders heirs, based n inheritance certificates. They shall be directed t the Central Depsitry. The payments shall be made accrding t the sectin Deceased sharehlders. 3.2. Payments by bank transfer fr individuals and legal entities/ther entities withut an accunt with a Participant Sharehlders individuals and legal entities/ther entities wh wish t receive the dividend by bank transfer may instruct BRD t make the payment by bank transfer by presenting at the bank s desk the supprting dcuments, as fllws: Fr payments via bank transfers, sharehlders wh are individuals, presenting in persn r thrugh a legal r cnventinal representative, shall present the dcuments stated at item 3.1 f the prcedure. Fr payments by bank transfer in banks ther than BRD, a statement f accunt certified by the bank where the mney shuld be received r any ther dcument issued by the bank certifying the existence f the accunt in the name f the sharehlder shall be als presented. The accunt hlder can nly be the sharehlder. Sharehlders wh are legal entities/ther entities, thrugh legal r cnventinal representative, shall present: the registratin certificate f the legal entity/ther entity in the Trade Registry/any ther dcument attesting the registratin f the legal entity/ther entity with a cmpetent authrity + phtcpy which will be retained by the Payment agent; an identity dcument f the legal representative r, if the case, f the authrized persn; the ascertaining dcument frm the Trade Registry/an equivalent dcument issued by the relevant authrity, n lder than 3 mnths, in which the legal representative f the cmpany is specified + phtcpy which will be retained by the Payment agent; a special pwer f attrney in riginal r ntarised by a ntary public (the special pwer f attrney shall be retained by the Payment agent), if the case; fr payments by bank transfer in banks ther than BRD, a statement f accunt certified by the bank where the mney shuld be received r any ther dcument issued by the bank certifying the existence f the accunt in the name f the sharehlder shall be als presented.
The accunt hlder can nly be the sharehlder. All supprting dcuments presented at cash desks in cpy shall be certified as a true cpy, signed and sealed by the wner/its representative. The dcuments in a freign language shall be submitted with a certified Rmanian translatin, and dcuments in a freign language issued by a freign authrity shall be apstilled/superlegalized, as applicable. In the case that the sharehlder is nt fund in the database f sharehlders held by the Payment agent BRD, he/she will be redirected t the Central Depsitry fr the issue t be addressed. *** Nn-resident sharehlders wh pt fr payment methds shwn in items 2 and 3 (respectively wh d nt have an accunt pened with a Participant): Fr payments made n the Payment Date (June 6, 2017) in the case f nn-resident sharehlders wh d nt have an accunt pened with a Participant and wh want t invke fr the applicatin f the mre favrable prvisins f a Duble Tax Treaty cncluded between Rmania and their cuntry f residence r the mre favrable prvisins applicable t nn-resident pensin funds (as defined in legislatin f that EU Member State r f that EFTA State), in accrdance with the Law n. 227/2015 as amended (and the implementing regulatins f the Law n. 227/2015 regarding the Fiscal Cde), the nn-resident shall submit a valid Tax Residency Certificate fr the year in which the dividend is paid, within the validity perid, in riginal r legalized cpy, with apstille / superlegalizatin if the case, accmpanied by an authrized translatin, and als cntact details fr pssible clarificatins regarding the tax residency certificate, t BVB s headquarters in 34-36, Carl I Blvd., 14th flr, pstal cde 020922, district 2, Bucharest, by May 30, 2017. If the sharehlder des nt submit the Tax Residency Certificate, the dividend tax shall be calculated by using the standard tax rate in frce applicable t resident sharehlders. C-wnership shares: The payment f dividends fr c-wnership shares shall be perfrmed as fllws: In case f payments by bank transfer, the dividends payable t c-wners shall be paid in the bank accunt indicated by the Issuer r, if such infrmatin has nt been submitted t the Central Depsitry, in an accunt indicated by all the sharehlders under the cmmn request submitted t the Central Depsitry. Cash payments shall be disbursed prvided that all the c-wners present themselves at BRD, in persn r by legal and/r cnventinal representative and submit the abve mentined dcuments fr cash payments. In case f payments t sharehlders with an accunt pened with a Participant, the dividends payable t the c-wners shall be paid t the relevant Participant. Where the c-wners request bth the registratin by the Central Depsitry f the direct
transfer f wnership ver the financial instruments fllwing the terminatin f the cwnership pursuant t the applicable legal prvisins, and the direct payment t each f the cwners prprtinally with the number f shares under exclusive wnership, the Central Depsitry shall blck the payment f dividends, and the dividends shall be paid t each frmer c-wner in accrdance with this prcedure. Deceased sharehlders: In the case f deceased sharehlders, the dividends can be paid at the request f their successr(s), by bank transfer r in cash, nly if the successr(s) have previusly made a request t the Central Depsitry fr transferring the shares f the deceased t their accunts, and the transfer f shares t the successr(s) as effect f the successin was executed, and after the relevant infrmatin was updated in the database held by the Payment agent, fllwing the Central Depsitry s request. Fr further infrmatin, please cntact: Virgil Stria, Chief Financial Officer, +40213079506, ecnmic@bvb.r