Establishment of the Remuneration & Nominations Committee

By this current report, we hereby inform those who may be interested that the meeting of Board of Directors took place on 12 August 2019 and during the proceedings was decided to be established the Remuneration & Nominations Committee, a body subordinated to the Board of Directors. The Committee is made of 3 members, elected by the Board of Directors from the non-executive directors. At least two of its members must be independent directors.

The composition of the Remuneration & Nominations Committee is as follows:

- Mr. Marian-Daniel Nastase – Chairman;

- Mr. Vasile Iuga – member;

- dl. Marinel Burduja – member

                      Marian-Daniel Năstase                                          Gheorghe Dobra

          President of the Board of Directors                           Chief Executive Officer