ŀ Proposal of SAI Muntenia Invest SA, Administrator of SIF Muntenia SA,

on the Net Profit Distribution

SAI Muntenia Invest SA, the Administrator of SIF Muntenia SA, submits for Shareholders

General Meeting’s approval the net profit distribution for the 2015 financial exercise, as follows:

Total net profit to be distributed, lei 63,855,737

Other reserves, lei 27,539,094

Dividends, lei 36,316,643

Gross dividend per share, lei 0.045

Distributable dividends ratio, % 56,87%

The administration company’s proposal provides investors a competitive return on investment,

on a short term, at the same time insuring the resources for a sustainable development of

SIF Muntenia’s activity.

Gross dividend yield at the 2015 annual average trading value of SIF Muntenia

share 5.29%

Gross dividend yield at the closing price of SIF Muntenia share as of 30

December 2015 6.05%

SIF MUNTENIA

by Administrator

SAI MUNTENIA INVEST SA

Vice-President of the Board of Directors,

Florica Trandafir