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Update regarding the Board of Nominees of Fondul Proprietatea S.A. 

Franklin Templeton International Services S.À R.L., in its capacity as alternative  investment fund manager and sole director (the “Fund Manager”) of Fondul Proprietatea S.A. (the “Fund”), hereby, informs the investors that Mr. Sorin Mindrutescu, who has served as a member of the Fund’s Board of Nominees (the “Board”) since September 2010 and as its Chairman since April 2012, decided to step down with immediate effect from the positions ...

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