Profit above the estimated level for 2026 and an increase of almost 75% in the share price of
Transilvania Investments

Transilvania Investments ends the first half of 2026 with results that confirm the positive evolution of the main indicators of the investment fund. Total assets and net assets continued to grow, TRANSI's share price exceeded by almost 75% the level at the end of June 2025, and the trading discount decreased significantly YoY. The profit before tax recorded in the first six months has already exceeded the estimated level for the entire year 2026.

Transilvania Investments achieved in the first half of 2026 a net profit of RON 94.85 million and a profit before tax of RON 97.05 million, RON 7.05 million above the level provided for in the Revenue and Expenditure Budget for the entire year 2026. Net revenues amount to RON 123.16 million, a level close to that of the first half of last year, and exceed by 41.57% the budgeted value for the first six months of 2026.

As of June 30, 2026, Transilvania Investments' total assets reached RON 2.85 billion, up 34.41% compared to the same period of the previous year. The financial instrument portfolio held by the investment fund amounted to RON 2.57 billion, up 29.20% compared to June 2025. Net assets increased to RON 2.62 billion, a 32.05% advance YoY. A similar dynamic can be seen at the level of net asset value per share (NAVPS), which reached RON 1.3387/share, up 42.81% compared to June 30, 2025 and 14.99% compared to December 31, 2025, confirming the achievement, in the middle of the year, of the performance target set for 2026 for this indicator.

The evolution of financial indicators was accompanied by a significant appreciation of Transilvania Investments' share price on the Bucharest Stock Exchange. On June 30, 2026, the closing price of TRANSI share was RON 0.6360, 74.73% above the level recorded on the same date in 2025 and 21.84% up compared to the closing price on December 31, 2025. An important progress was also recorded in terms of the trading discount, which dereased to 52%, being 9 percentage points lower than the level of June 30, 2025 and down by 3 percentage points compared to the end of 2025.

"The first half of 2026 was characterized by a sustained dynamic within Transilvania Investments. We have oriented our investment strategy towards highly liquid financial instruments, simultaneously adjusting the holdings in certain companies, through sale transactions, to ensure the implementation of our Exit Strategy. At the same time, we have capitalized on the opportunities from public offerings, integrating assets with long-term strategic value into the portfolio. Our shareholders' expectations, objectively transposed into the budget for this financial year, were exceeded in several key indicators, an example being the evolution of the profit before tax. In the second half of the year, we maintain our commitment to consolidate these results and to reconfirm the company's upward trajectory", says Marius Moldovan, Executive President of Transilvania Investments.

The detailed financial results recorded as of June 30, 2026 can be consulted on the Company's website, at www.transilvaniainvestments.ro (Investor Relations/Reports/Periodical Reports Section).

Also, Transilvania Investments presented its half-year financial results during the investor and analyst videoconference, which was held on 26.08.2026 at 2:00 PM. (The audio recording can be listened to here)

Brasov, August 27 2026

Transilvania Investments announces the financial results for the first quarter of 2026, which are marked by a prudent and disciplined approach at the operational level, as well as by a performance above the estimates included in the revenue and expenditure budget approved for the current year. The efforts of the Transilvania Investments team are focused on implementing the exit strategy and identifying new investment opportunities.

As at March 31, 2026, the profit before tax amounted to RON 9.52 million, exceeding by RON 3.27 million the level provided for in the revenue and expenditure budget for Q1 2026. For the first three months of the year, Transilvania Investments recorded a net profit of RON 9.43 million, in the context of net revenues of RON 19.99 million, which are 57.26% below the level reported for the same period of the previous year, but by RON 1.99 million above the estimated value in the revenue and expenditure budget for Q1 2026.

Net assets reached RON 2.42 billion, up 27.54% compared to March 31, 2025 and up 6.38% compared to the value at the end of 2025. Net asset value per share (NAVPS) increased to RON 1.2385/share, marking an increase of 38.27% compared to the first quarter of 2025, respectively an increase of 6.38% compared to the value recorded on December 31, 2025.

The performance of TRANSI shares at the Bucharest Stock Exchange continued the upward trend, with the closing price on March 31, 2026 (RON 0.6080/share), increasing by 76.23% compared to the same period last year and by 16.48% compared to the end of 2025. The trading discount of TRANSI shares at the end of Q1 2026 is 51%, lower by 10 pp compared to the discount recorded on March 31, 2025 and down by approximately 4 pp compared to the value recorded at the end of 2025.

"The year 2026 requires a prudent and disciplined approach, so we prioritize portfolio quality and financial stability. Even if profitability was influenced by the challenges of the beginning of the year, Transilvania Investments continues to exceed the operational and budgetary objectives assumed before shareholders", said Marius Moldovan, Executive President.

Positive developments were also marked for other financial indicators. Total assets reached RON 2.62 billion as of March 31, 2026, up 31.44% compared to the first quarter of 2025 and up 7.55% compared to the end of 2025. The value of the portfolio of financial instruments amounted to RON 2.45 billion, up 25.90% compared to the same period of the previous year and up 4.50% compared to December 31, 2025.

Transilvania Investments continued in the first months of this year the portfolio optimization process, which started in 2025. The implementation of the Exit Strategy, which targets 29 shareholdings, has so far generated cash from the sale of shares of over RON 12 million and from the sale of assets held by the portfolio companies, worth EUR 6 million.

The detailed financial results recorded as at March 31, 2026 are available on the Company's website, at www.transilvaniainvestments.ro (Investor Relations/Reports/Periodic Reporting Section). Transilvania Investments will also present the quarterly financial results during the conference call with analysts and investors, which will be organized on May 21, 2026, at 12:00 p.m.

Marius-Adrian Moldovan
Executive President

Dragoș Ionuț Bosînceanu
Compliance Officer

Brasov, May, 15, 2026

Transilvania Investments remains, in 2026 as well, part of the select group of listed companies that achieved the maximum score in the evaluation of investor communication (VEKTOR by ARIR).

The investment fund obtained the top score of 10/10 in the VEKTOR by ARIR evaluation - an indicator that measures the quality of communication between listed companies and investors, based on a set of criteria aligned with best practices in corporate governance and transparency.

This result confirms the company’s sustained efforts to maintain an open dialogue with investors and to provide clear, complete, and timely information through accessible channels and consistent communication.

“Achieving a VEKTOR score of 10/10 is a recognition of how we approach our relationship with investors: with rigor, transparency, and respect for the need for relevant information. We are pleased that this approach has been reconfirmed and are motivated to continue improving our corporate governance practices in order to support confidence in the company and in the capital market,” stated Marius Moldovan, President of Transilvania Investments.

In turn, Daniela Maior, President of ARIR, said: “I congratulate Transilvania Investments for the exceptional results achieved in the VEKTOR by ARIR evaluation. These results confirm the consistent efforts of companies to strengthen transparency and the quality of communication with investors, in line with the best corporate governance practices. VEKTOR by ARIR is not a ranking, but an evaluation and alignment process with international standards, reflecting the maturation of Investor Relations in Romania. The methodology, developed and continuously updated by ARIR together with capital market experts, contributes to improving the quality of dialogue with investors and to strengthening confidence in the capital market.”

VEKTOR by ARIR is the indicator used to assess the level of transparency and the quality of investor communication among listed companies, based on a methodology that considers criteria such as the availability of relevant information, the quality of reporting, the accessibility of communication channels, and corporate governance practices.

Transilvania Investments remains focused on strengthening its relationship with investors through consistent and predictable communication, easy access to market-relevant information, dedicated events where the company’s team meets with investors, and the continuous improvement of dialogue with them.

For investor-related information, we invite you to visit the Investor Relations section of the company’s website.

Brasov, January 30, 2026

Transilvania Investments exceeded the expected profit for 2025

Transilvania Investments announces the financial results as at September 30, 2025, confirming an evolution above expectations: the profit expected for the entire year has already been exceeded at the end of the third quarter, and the company's shares have registered a significant increase on the Bucharest Stock Exchange.

At the end of the third quarter, the net profit of Transilvania Investments reached RON 112.13 million, 75.86% higher than in the same period last year. The reported gross profit, worth RON 113.61 million, is 36.23% higher than the profit estimated for the entire year 2025.

The solid financial performance was supported by the increase in net income, which reached RON 136.68 million, 52.09% higher than the value reported for the same date in 2024, and 5.87% higher than the annual budget estimate. Total assets increased to RON 2.249 billion, an increase of 12.48% compared to the previous year, and the net asset reached RON 2.089 billion, exceeding by 14.12% the amount reported at the end of last year. The net asset value per share (NAVPS) increased to RON 0.9950 /share, being 12.30% higher than the value recorded as at September 30, 2024 and 15.40% over the value as at December 31, 2024. Simultaneously, the closing price of the TRANSI share at the Bucharest Stock Exchange was RON 0.4870/share, growth by almost 30% compared to the end of 2024. The trading discount decreased to 51%, being 8 percentage points lower than the one recorded at September 30, 2024.

"A year ago, we assumed before our shareholders a courageous strategy that has very clear objectives regarding the evolution of both unit net asset value and trading discount. We're only in the initial implementation stage, and each step is thought out in detail and adapted to the current context that puts significant presure on all participants in the economic environment. It is crucial for us to maintain a moderate level of risk and have a transparent dialogue with our investors in order to anticipate and meet their expectations." said, Marius Moldovan, Executive President Transilvania Investments.

In October this year, with the approval of the General Meeting of Shareholders, the management of Transilvania Investments has been authorized to implement the Exit Strategy, which will allow the investment fund to make important decisions regarding some portfolio assets that have exhausted their growth potential and to direct the capital to new investment opportunities. The new exit strategy aligns with the Shareholders' remuneration policy, built on a balance between direct remuneration, through distribution of dividends, and indirect remuneration, through reduction of the trading discount and increase in the value of the invested capital.

Investors interested in the detailed analysis of the results recorded as at September 30, 2025 are invited to attend the conference call that will be held on November 21, 2025, at 2:00 p.m.

The financial results are available on the Company’s website www.transilvaniainvestments.ro (Investor relations/Reports//Periodical reports section).

Marius-Adrian Moldovan

Executive President

Dragoș-Ionuț Bosînceanu

Compliance Officer

Brasov, November 17, 2025

Clarity, Confirmations, and Conclusions at Investor Day 2025

A new edition of Transilvania Investments’ Investor Day brought to the forefront transparent dialogue with all those interested in the evolution and plans of one of Romania’s most important investment funds.

The main topics of the 4th edition focused on investment growth strategies, the financial results for the first half of 2025, and the repositioning of the Transilvania Investments portfolio — all united under the same clear direction the team continues to follow: maximizing shareholder value and strengthening long-term performance.

The management of Transilvania Investments presented the key strategic decisions defining the fund’s new stage of development — from portfolio optimization and yield efficiency to building strong partnerships in key sectors of the Romanian economy where the fund is exposed through its portfolio companies.

As a concrete example of how strategies are adapted to market dynamics and demands, Investor Day dedicated a special segment to major projects within the Aro Palace Brașov portfolio. Participants learned about the progress of renovation works at the Capitol Hotel, which is set to reopen under the Mercure franchise, as well as the modernization of Hotel Aro Palace, soon to become part of the international Hyatt network. Both projects represent strategic investments aimed at repositioning Brașov on the map of premium urban tourism.

Investments in people and communities can be just as valuable as financial ones — a truth that Transilvania Investments demonstrates through the social responsibility projects it supports. For the first time, beneficiaries of such initiatives spoke directly to investors, sharing their experiences of partnering with the fund and offering their own perspectives on what resilience, performance, and dedication to progress truly mean.

“For us, Investor Day is more than just a presentation of results. It’s a chance to listen, to engage in discussion, to gather feedback, and to provide, in turn, clear answers. We offer clarity where it’s needed, but we also draw conclusions from the dialogue with those present — conclusions that can guide our future decisions,” said Marius Moldovan, Executive President.

Until the next meeting, anyone wishing to stay connected to Transilvania Investments activities can consult the company’s newsletters and regular capital market communications to remain up to date with the latest investor news.

Brasov, October 28, 2025

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Photo gallery

The event took place at Aro Palace Brasov, on October 23, 2025

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Marius Moldovan, Executive President Transilvania Investments

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Răzvan Raț, Executive Vice President Transilvania Investments

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Attila Joos, CEO Aro Palace

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Dan Gîrtofan, Pro Rally Team Brasov

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Andrei Gîrtofan, Pro Rally Team Brașov

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Claudia Sofronie, President of Club Sportiv Logic 64 Brasov

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Iulian Sofronie and his son, Vladimir - European Junior Champion, international chess master at just 12 years old.

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Q & A Session

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TIA management together with the champions we support.

Communique regarding the payment of dividends for the financial year 2024

Transilvania Investments Alliance announces the commencement of the payment of the dividends distributed from the net profit of the financial year 2024, through Depozitarul Central S.A. („Depozitarul Central”) and Banca Transilvania („BT” or „the Payment Agent”), starting on 28.10.2025 (“Payment Date”), as follows:

• The dividend payment will be made in compliance with the capital market regulations and the provisions of the Tax Code in force and in accordance with the Resolution of the Ordinary General Meeting of Transilvania Investments Shareholders no. 1 of 28.04.2025.
• The shareholders entitled to receive dividends distributed from the net profit of the financial year 2024 are the shareholders registered in the Transilvania Investments Shareholder Register, kept by Depozitarul Central, as at 20.10.2025 – “Registration Date” (ex-date 17.10.2025).
• The gross dividend is RON 0.0150/share, with the tax on dividends to be withhold at the rate provided by the law. The dividend payment will be made in RON (lei).  
• The costs related to the payment of dividends, regardless of the payment method, shall be borne by the shareholders from the net dividend value.
• According to the provisions of the Tax Code in force, the standard tax rate applicable to dividend income is currently 10% of the gross amount of dividends, the exceptions regarding the non-taxation of the dividend income being provided separately. Also, non-resident shareholders may benefit from a more favourable tax rate, in accordance with the provisions of the Fiscal Code and the Double Taxation Convention concluded between Romania and the state of residence of the respective shareholder, based on the tax residence certificate valid on the date of dividend payment, submitted by the non-resident shareholder until 10.10.2025. 
• The payment of dividends afferent to the financial year 2024 is subject to the general provisions on limitation, being time-barred within 3 (three) years from the date of the commencement of payment, the last day of the payment being 27.10.2028. The uncollected dividends afferent to the financial years 2022 and/or 2023 will continue to be paid, along with the dividends related to the year 2024, until the end of the limitation period (22.06.2026-last payment day for 2022 dividends and 21.07.2027-last payment day for 2023 dividends).

The dividend payment methods are detailed in the current report: https://transilvaniainvestments.ro/wp-content/uploads/2025/09/Comunicat-plata-dividende-2024-EN.pdf

Brasov, October 1, 2025

A New Chapter in the Evolution of Transilvania Investments: The Investment Fund exceeded the RON 2 billion threshold in Net Assets

One of the most important investment funds in Romania marks a significant milestone in its activity: as of July 31, 2025, Transilvania Investments' net assets reached RON 2.015 billion, representing a 100% increase compared to July 2020.

This performance comes on the back of solid financial results recorded in the first half of the year. As of June 30, 2025, the company reported a net profit of RON 108.52 million, up 46.83% compared to the same period last year, and net revenues of RON 123.37 million, over 32% higher than in H1 2024. The fund’s total assets at the end of June amounted to RON 2.12 billion, up 10.08% compared to the end of last year.

The results confirm the portfolio's ability to generate added value through rigorous strategy execution, active portfolio management, diversification, and investment discipline. With a dedicated team of professionals, Transilvania Investments identifies and capitalizes on opportunities aimed at maximizing long-term returns for investors.

A recent example is the transaction through which Transilvania Investments subscribed to bonds issued by PK Development Holding, with a total value of EUR 7.5 million. This marks a first for the fund’s investment activity, being the first bond issuance fully financed jointly with other investment funds. For Transilvania Investments’ shareholders, the transaction ensures a competitive return in a market environment that rewards calculated risk-taking and reflects the fund’s interest in partnerships with sustainable growth potential.

“Exceeding the RON 2 billion net asset threshold confirms the strength of our portfolio and the effectiveness of our investment strategy. This is a milestone for the company, an important step in our journey to meet our objectives, and a real motivation for the entire fund team,” stated Marius Moldovan, Executive President of Transilvania Investments.

With a diversified portfolio and a strategy focused on growing the value of managed assets, Transilvania Investments continues to strengthen its position as one of the key players on the Romanian capital market.

Brasov, August 26, 2025

Growing profit in the first quarter of 2025 for
Transilvania Investments

With a net profit up by 133.6% and net revenues almost double compared to the same period last year, Transilvania Investments announces financial results above expectations for the first quarter of 2025, highlighting the fund's sustainable performance and the efficiency of its investment strategy.

As of March 31, 2025, the investment fund achieved a net profit of RON 38.99 million, up 133.6% compared to the same period of 2024. The gross profit was RON 38.89 million, respectively 46.63% of the estimated profit for 2025, emphasizing a favourable start of the year. The Company's net revenues reached RON 46.77 million, up 91.75% compared to Q1 2024 and RON 32.84 million above the estimates for the first 3 months of the year provided for in the revenue and expenditure budget for the current year.

Thus, Transilvania Investments ends the first quarter of the year with total assets amounting to RON 1,994.90 million, up 2.73% compared to the same period last year and 3.53% compared to December 31, 2024. Net assets reached RON 1,895.73 million (equivalent to RON 0.8957/share).

"These results confirm a good direction of our portfolio structure, even in a volatile market context," said Marius Moldovan, Executive President of Transilvania Investments. "In order to maintain a high level of investor confidence and motivation, we have proposed that approximately 70% of the profit achieved in the previous year be distributed as dividends. The approval of this proposal by shareholders confirms our commitment to creating sustainable value, commitment which is underpinned by our team's ongoing efforts to identify and implement solutions with long-term impact. The adoption of a rigorous investment strategy, together with an active and prudent risk management, are the main pillars through which we aim to achieve the objectives set for the current year."

The detailed financial results recorded as at March 31, 2025 can be consulted on the Company's website, at https://transilvaniainvestments.ro/en/ (Investor Information/Reports/Periodic Reporting Section).

Transilvania Investments will also present the Q1 2025 financial results during the conference call with analysts and investors to be organized on May 20, 2025, at 12:00 p.m.

Brasov, May, 14, 2025

Transilvania Investments has achieved the highest possible Vektor score for communication with investors

Transilvania Investments has achieved the highest possible score (10/10) in the VEKTOR valuation for 2024 conducted by the Romanian Investor Relations Association (ARIR). The result highlights the fund's commitment to excellence in investor relations and its dedication to implement best practices in the field.

The VEKTOR score, i.e. the performance indicator of the communication with investors for Romanian companies listed on the Bucharest Stock Exchange, assesses the communication practices based on several criteria, including organizing financial results conference calls, publishing non-financial reports and adopting best corporate governance practices. The maximum score achieved by our fund reflects the team's efforts to maintain transparent and open communication with investors by providing clear, timely and comprehensive information as well as by organizing dedicated investor dialogue events.

"Transparency is fundamental to our investor relations strategy, and this recognition motivates us to continue strengthen our dialogue with the capital market community and other stakeholders. Our actions, continuously supported and developed, demonstrate the significant importance we place on investor communication", says Marius Moldovan, Executive President of Transilvania Investments.

The quarterly meetings in which investors can discuss directly with the management about the latest financial results, immediate and easy access to information, the organization of the annual Investor Day, alongside other events, are among the initiatives that Transilvania Investments carries out throughout the year. In 2024, the fund published, proactively and voluntary, the first Sustainability Report prepared in accordance with the European Sustainability Reporting Standards, in compliance with the Strategy and Investment Policy Statement for the period 2024-2028 which also outlines the corporate governance objectives and principles, offering investors a long-term perspective on the Fund's activities.

Transilvania Investments is one of the 21 issuers listed on the main market which achieved the maximum VEKTOR score (10) for 2024, out of a total of 81 issuers assessed.

All those interested in up-to-date information about the investment fund can visit the Investor Relations section, on the transilvaniainvestments.ro website.

Marius-Adrian Moldovan
Executive President

Mihaela-Corina Stoica
Compliance Director

Brașov 30.01.2025