Release - 2015 dividends payment

According to Resolution no. 2 of the Ordinary General Meeting of the Shareholders held on 29.04.2016, published in the Official Journal of Romania, Part IV, no. 1973/23.05.2016, the National Gas Transmission Company Transgaz SA, headquartered in Medias, 1 C.I. Motas Square, Sibiu County, notifies the shareholders registered at the registration date of 22 June 2016 that the dividends for the financial year 2015 will be paid-out by Depozitarul Central SA and BRD Groupe Societe Generale – the appointed payment agent, as of 13 July 2016 (the date of payment). The ex-date set by the Ordinary General Meeting of the Shareholders is 21.06.2016.

The gross dividend for financial year 2015 is 27.61RON/share and the tax on dividend will be withheld at source and paid up to the state budget according to the shares under the applicable laws. According to the new Fiscal Code entered into force on 1 January 2016, the standard tax rate applicable to the dividends for year 2015 is of 5%. If the non-resident shareholders prove that they can benefit from a more favourable tax rate, the tax deductions will be applied according to the conventions for the avoidance of double taxation concluded by the Romanian State in this regard. Other provisions of the Fiscal Code will also be taken into consideration for the determination of the tax on dividends.

The payment of the net dividends due to the shareholders of Transgaz is subject to the general prescription provisions, being prescriptible within 3 (three) years from the date of payment. The dividend for financial year 2015 will be paid out between13 July 2016 and 13 July 2019, the last date of payment.

The dividend pay-out fee shall be borne by Transgaz.