For the first 9 months of this year, Transilvania Investments recorded a gross profit of RON 68.42 million, respectively 85% of the profit forecast for 2024.

The value of total assets continues to grow to almost RON 2 billion, an 10% increase since the beginning of this year. The positive evolution of the Romanian capital market is also reflected in the main indicators reported by Transilvania Investments.

The Company closes the first three quarters of 2024 with an increase of 22.47% in the value of the financial instruments portfolio compared to its value at 30.09.2023, respectively an increase of 10.15% compared to the value at 31.12.2023.

The average daily liquidity of TRANSI shares was 144% higher than the average for the whole year 2023. The price of TRANSI shares on 30 September this year was RON 0.3620 /share, which is 11% higher than at the end of 2023, and the trading discount decreased by 3 percentage points compared to the end of last year, reaching 59%.

"The performance of the companies in Transilvania Investments' portfolio, most of which are listed on the Bucharest Stock Exchange, supported the growth of the Fund's net asset value, which reached RON 1,891.45 million in September. We continue to be closely involved in the decisions of the companies in which we are the majority shareholder, in order to ensure the sustainable growth of the portfolio under management and thus to achieve the Fund's main objective, which is to maximise the aggregate return for our shareholders," says Marius Moldovan, Executive President of Transilvania Investments.

The launch of the sale process of the Orizont Hotel in Predeal and the signing of agreements with international hotel chains, which entail investments of almost EUR 50 million for the operationalization of the Mercure Brasov Center Hotel and Hyatt Regency, Aro Palace Brasov Hotel, are among the latest decisions taken by Transilvania Investments, as part of its objectives to increase the performance of tourism assets and support regional development.

The detailed financial results as at September 30 can be consulted on the company's website at: https://transilvaniainvestments.ro/wp-content/uploads/2024/11/Raport-T3-2024-Transilvania-Investments-EN.pdf

Transilvania Investments will also present its quarterly financial results as at 30.09.2024 during the video conference call with analysts and investors that will be held on 21.11.2024, at 10:00.

Brasov, October 15 2024