SIF Oltenia : EGSM resolutions as of March,31,2022

Translation from Romanian into English

No. 2992 / 31.03.2022

To: BUCHAREST STOCK EXCHANGE

Fax no.: 021-307.95.19

FINANCIAL SUPERVISORY AUTHORITY Financial Instruments and Investments Sector Fax no.: 021-659.60.51

CURRENT REPORT according to FSA Regulation no. 5/2018 and Law no. 24/2017 (R)

regarding the issuers and securities transactions

Report date: 31.03.2022

Name of the issuer: Societatea de Investiţii Financiare OLTENIA S.A. Headquarters: Dolj County, Craiova, 1 Tufănele Street, postal code 200767 Phone/Fax: [phone]

Fiscal Registration Code: RO 4175676

Order number at the Trade Register: J16/1210/30.04.1993 FSA Register Number: PJR09FIAIR/160001/08.06.2021 ISIN: ROSIFEACNOR4

LEI Code: 254900VTOOM8GL8TVH59 Depozitory-Custodian: Raiffeisen Bank S.A. Depozitory: Depozitarul Central Bucuresti Share capital subscribed and paid: 50,000,000 lei

Regulated market on wich the issued securities are traded on: Bucharest Stock Exchange - Shares, Premium Tier (market symbol SIF5)

Important event to report: The Resolutions of the Extraordinary General Shareholders' Meeting held on March 31, 2022, at first summoning

The Extraordinary General Meeting Shareholders' Meeting of Societatea de

Investiții Financiare Oltenia S.A., statutory held on March 31, 2022, at its first summoning, according to the published convening notice in the Official Gazette of Romania, Part IV, no. 853 on 25.02.2022, in national Financiar Newspaper with no. 5870 on 25.02.2022 and Gazeta de Sud Newspaper no. 7922 on 25.02.2022, on the company's website atwww.sifolt.roand on the company's page, on the website of the Bucharest Stock Exchange, in the presence of shareholders holding 230,499,736 valid voting rights, representing 46.100% of the total voting rights and 46.100% of the share capital of the company, at the reference date 17.03.2022, based on Law no. 31/1990 R, as subsequently amended and supplemented and Law no. 24/2017 R, as subsequently amended and supplemented, on FSA regulations in force and its own articles of incorporation, with votes expressed as shown in the meeting's minutes, with the fulfillment of the legal and statutory conditions for the validity of the convocation, according to the issues on the agenda, has adopted the following resolutions:

We approve the election of the meeting's secretarial team, including 2 members, i.e.

Ms Cimpoeru Ana - Internal Auditor and Ms Teodora Negoita Costin, whose identification data are available at the company's headquarters. Ms Teodora Negoita Costin will be elected the meeting secretary, who will draw up the assembly's

minutes. The proposed persons are shareholders of SIF Oltenia SA.

Votes for 99.926 %, votes against 0.000% and abstentions 0.074 % of the total votes held by attending and represented shareholders.

D E C I S I O N no. 2

We approve the appointment of notary public Virgil Claudiu Faurar, from the Notary Public Office - SPN Doina Faurar of Craiova, Dolj, for the supervision of the operations incurred by the meeting secretaries, according to art. 129 par. (3) of Law no. 31/1990 R, at the company's expense.

Votes for 97.467%, votes against 0.074 % and abstentions 2.459 % of the total votes held by attending and represented shareholders.

D E C I S I O N no. 3

We approve the election of the commission to count the votes expressed by the shareholders regarding the issues on the agenda of the Extraordinary General Shareholder Meeting, including three members: Ms Vladutoaia Valentina, Ms Balan Viorica and Ms Talea Mihaela, whose identification data are available at the company's headquarters. The proposed persons are shareholders of S.I.F. Oltenia S.A.

Votes for 99.926 %, votes against 0.000% and abstentions 0.074 % of the total votes held by attending and represented shareholders.

D E C I S I O N no. 4

We approve to carry out a program of redemption by the Company of its own shares, in accordance with the applicable legal provisions, under the following conditions:

(i) size of the program - redemption of no more than 25,000,000 own shares with a nominal value of 0.10 lei / share representing 5% of the current share capital;

(ii) the acquisition price of the shares - the minimum purchase price will be 0.1 lei / share and the maximum price will be 4 lei / share;

(iii) the duration of the program - a period of maximum 5 months from the date of publication of the E.G.S.M. decision in the Official Gazette of Romania, Part IV;

(iv) the payment of the repurchased shares will be made from the distributable profit or the available reserves of the company registered in the last approved annual financial statement, except for the legal reserves, based on the financial statements 2020, according to the provisions of art.1031 d) of Law No. 31/1990, on companies, as republished and modified;

(v) the purpose of the program - the reduction of the share capital by cancelling the repurchased shares.

Votes for 100.000%, votes against 0.000 % and abstentions 0.000 % of the total votes held by attending and represented shareholders.

We approve the mandate of the senior management of S.I.F. Oltenia S.A. for the fulfllment, with due regard for the legal requirements, of the redemption program of its own shares, including but not limited to the determination of the acquisition of its own shares.

Votes for 100.000 %, votes against 0.0000% and 0.000% abstentions % of the total votes held by attending and represented shareholders.

D E C I S I O N no. 6

We approve the date of 19.04.2022 as registration date (ex date: 18.04.2022) according to the legal provisions in force, for the determination of shareholders affected by the adopted decisions.

Votes for 100.000%, votes against 0.000 % and abstentions 0.000 % of the total votes held by attending and represented shareholders.

There are no other events to report.

Sorin - Iulian CIOACĂ President - General Manager

Compliance officer

Viorica Bălan