SIF Oltenia : Annex 10 and Annex 11 as of 31.12.2021 - final data

No. 2582 / 21.03.2022

To:BUCHAREST STOCK EXCHANGE Fax: [phone]

FINANCIAL SUPERVISORY AUTHORITY

FINANCIAL INSTRUMENTS AND INVESTMENTS SECTOR Fax: [phone]

PRESS RELEASE

We enclose the attached S.I.F. Oltenia S.A. Statement of Assets and Liabilities (Annex 10) and Detailed investment statement (Annex 11) - final data, according to FSA Regulations no. 9/2014 and no. 7/2020, as it were prepared by the company and certified by the depositary.

We note that the data specified in Annex 10 and Annex 11 of the FSA no. 7/2020 were sent to the Financial Supervision Authority, according to the provisions of art. 38 para. (1) of Law no. 243/2019 and art. 50 of the FSA no. 7/2020.

In case that the Financial Supervisory Authority objects or requests for clarification in accordance with the law, investors will be duly informed.

Sorin-Iulian CIOACĂ

President - General Manager

Viorica Bălan

Compliance Officer

Statement of assets and liabilities as of date 31/12/2021

(to be filled in on a monthly basis)

FINAL DATA

The manner in which the net asset value is calculated (according to F.S.A. Regulation no. 7/2020)	Amount (lei)
1.	Intangible assets	6,181
2.	Tabgible assets	11,522,360
3.	Real estate investments	1,113,247
4.	Biological assets	0
5.	Assets representing rights to use support assets under a leasing contract	0
6.	Financial assets	2,388,963,225
6.1.	Financial assets evaluated at amortised cost	6,851,710
6.1.1.	Corporate bonds	6,851,710
6.1.1.1.	Listed corporate bonds	0
6.1.1.2.	Unlisted corporate bonds	6,851,710
6.2.	Financial assets evaluated at fair value through profit or loss	4,652,463
6.2.1.	Equity interests in FIA / OPCVM - listed	0
6.2.2.	Equity interests in FIA / OPCVM - unlisted	4,652,463
6.3.	Financial assets at fair value through other items of comprehensive income	2,377,459,052
6.3.1.	Listed shares traded in the last 30 days	2,125,688,267
6.3.2.	Listed shares not traded in the last 30 days	88,765,060
6.3.3.	Unlisted shares	163,005,725
7.	Cash and cash equivalents	3,918,230
8.	Bank deposits	14,631,529
9.	Other assets	2,364,933
9.1.	Dividends or other rights receivable	0
9.2.	Other assets	2,364,933
10.	Accrued expenses	72,624
11.	Total assets	2,422,592,329
12.	Total liabilities	219,446,769
12.1.	Financial liabilities measured at amortised cost	46,925,883
12.1.1.	Trade debts	439,275
12.1.2.	Payment dividends	45,798,986
12.1.3.	Other debts at amortized cost	687,622
12.2.	Deferred income tax liabilities	153,580,406
12.3.	Other liabilities	18,940,480
13.	Provisions for risks and expenses	5,500,000
14.	Deferred income	12,134
15.	Equity, of which:	2,197,633,426
15.1.	Share capital	50,000,000
15.2.	Items treated as equity	0
15.3.	Other equity items	775,542,623
15.4.	Share premiums	0
15.5.	Revaluation reserves	7,241,779
15.6.	Reserves	633,069,184

Statement of assets and liabilities as of date 31/12/2021

(to be filled in on a monthly basis)

FINAL DATA

The manner in which the net asset value is calculated (according to F.S.A. Regulation no. 7/2020)	Amount (lei)
15.7.	Own shares	0
15.8.	Retained earnings	694,229,102
15.9.	Result of the financial year	37,550,738
15.10.	Losses on the issue, redemption, sale, transfer free of charge or cancellation of equity instruments	0
16.	Net assets (11 - 12 - 13 - 14)	2,197,633,426
17.	Number of shares issued	500,000,000
18.	Unit value of net assets	4.3953
19.	Number of companies in the portfolio , of which:	40
19.1.	Companies admitted to trading on an EU trading venue	26
19.2.	Companies admitted to trading on an exchange in a third country	0
19.3.	Companies not admitted to trading.	14

According to Article 38 para. 4 of Law no. 243 / 2019 S.I.F. Oltenia publishes the leverage level and exposure value according to the provisions of EU Regulation 231 / 2013 calculated by the gross approach and the commitment approach.

Gross approach:

Leverage level	1.0939
SIF5 exposure	2,404,042,570
Commitment approach
Leverage level	1.1024
SIF5 exposure	2,422,592,329
Statement certified by Depozitar Raiffeisen Bank S.A.

Statement prepared on the basis of the trial balance determined on the basis of the A.S.F. Rule 39 / 2015 for the approval of the Accounting Regulations in compliance with the International Financial Reporting Standards, applicable to entities authorized, regulated and supervised by the Financial

Supervisory Authority in the Financial Instruments and Investments Sector

In accordance with IFRS 9, effective from 01.01.2018, the results of transactions with financial assets measured at fair value through other comprehensive income are reflected in retained earnings

GENERAL MANAGER,

Sorin - Iulian Cioacă

Depository Certification Raiffeisen Bank

DEPUTY GENERAL MANAGER, Mihai Trifu

Annex according to art. 38 para. (4) of Law no. 243/2019

Assets in the portfolio of S.I.F. Oltenia S.A. that have been evaluated using valuation methods in accordance with International Valuation Standards*
Running no.	Name of the issuer	Tax Identificati on Code	No. of shares held	No. / date of the evaluation report	Amount
lei / share	total
1	MERCUR CRAIOVA	2297960	7,104,836	10173/11.10.2021	11.9825	85,133,633
2	VOLTALIM CRAIOVA	12351498	5,997,519	5906/27.05.2021	9.0462	54,255,055
3	TURISM PUCIOASA	939827	1,010,599	5907/27.05.2021	4.1096	4,153,147
4	PROVITAS BUCURESTI	7965688	35,139	5905/27.05.2021	150.0000	5,270,850
5	GEMINA TOUR RM.VILCEA	1477750	757,888	5904/27.05.2021	4.3626	3,306,332
6	COMPLEX HOTELIER DAMBOVITA	10108620	1,754,221	5903/27.05.2021	5.8145	10,199,988
7	ALIMENTARA SLATINA	1513357	350,342	12205/09.12.2021	62.0278	21,730,943
8	UNIVERS RM.VALCEA	1469006	587,519	12206/09.12.2021	52.2681	30,708,529

*The companies: Complex Hotelier Dâmbovița, Provitas București, Turism Pucioasa, Gemina Tour Rm.Vâlcea and Voltalim Craiova were evaluated based on the financial statements from 31/12/2020, according to the international valuation standards, through the valuation method "Updating the forecasted flows "Mercur Craiova, Univers Rm.Vâlcea and Alimentara Slatina were evaluated based on the financial statements from

30/09/2021

GENERAL MANAGER,

Sorin - Iulian Cioacă

Depository Certification Raiffeisen Bank

DEPUTY GENERAL

MANAGER,

Mihai Trifu

SIF Oltenia S.A.

Detailed statement of the investments on 31/12/2021

Net assets Total assets

1,872,197,361 lei 2,061,083,057 lei

ANNEX 11

2,197,633,426 lei 2,422,592,329 lei

FINAL DATA

Name of the item	Beginning of the reporting period 01/01/2021 - restated according to the F.S.A. no. 7/2020	End of the reporting period	Differences (lei)
% of the net assets	% of total assets	Currency	RON	% of the net assets	% of total assets	Currency	RON
I.	Total assets	2,095,473	2,058,987,584	2,165,474	2,420,426,855	361,509,271
1	Securities and money market instruments of which:	99.3890	90.2806	0	1,860,757,632	100.7654	91.4084	0	2,214,453,327	353,695,695
1.1	Securities and money market instruments admitted or traded on a regulated market in Romania, of which: shares, other similar securities (mentioning each category), bonds (by issuer category), other debt securities (mentioning by type and issuer category), other securities, money market instruments (by category);	99.3890	90.2806	0	1,860,757,632	100.7654	91.4084	0	2,214,453,327	353,695,695
- Shares	99.3890	90.2806	0	1,860,757,632	100.7654	91.4084	0	2,214,453,327	353,695,695
1.2	Securities and money market instruments admitted to or dealt in on a regulated market of a Member State, of which: shares, other securities treated as such (by class), bonds (by class of issuer), other debt securities (by type and class of issuer), other securities, money market instruments (by class);	0.0000	0.0000	0	0	0.0000	0.0000	0	0	0