Transilvania Investments Alliance S.A. („Transilvania Investments” or „the Company”) announces the commencement of the payment of the dividends distributed from the net profit of the financial year 2022 through Depozitarul Central S.A. („Depozitarul Central”) and the payment agent - Banca Transilvania („BT” or „the Payment Agent”), starting on 23.06.2023 (“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 24.04.2023;
• The shareholders entitled to receive dividends distributed from the net profit of the financial year 2022 are the shareholders registered in the Transilvania Investments Shareholder Register, kept by Depozitarul Central, as at 31.05.2023 – “Registration Date” (ex-date 30.05.2023);
• The gross dividend is RON 0.014/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);
• According to the provisions of the Tax Code in force, the standard tax rate applicable to dividend income is currently 8% of the gross amount of dividends, the exceptions regarding the non-taxation of the dividend income being provided separately. Also, non-resident shareholders can 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 09.06.2023 at the latest;
• The costs related to the payment of dividends, regardless of the payment method, shall be borne by the shareholders;
• The payment of dividends afferent to the financial year 2022 is subject to the general provisions on the limitation status, being time-barred within 3 (three) years from the date of the commencement of payment. The last day of payment of dividends for the financial year 2022 is 22.06.2026.

The dividend payment methods are the following:
I. Payment into the accounts of the Participants (Custodian Banks/Investment firms)
For shareholders who are natural persons, legal persons or other entities, holding on the registration date shares registered in Section II of Depozitarul Central, in an account opened at a Participant, the dividends shall be paid automatically on the Payment Date (23.06.2023), by bank transfer via Depozitarul Central into the Participants’ accounts, without additional documents being requested.

II. Payment by bank transfer (into accounts in RON opened with a bank in Romania), upon the shareholder’s request addressed directly to Depozitarul Central
For shareholders who are not represented by Participants (shareholders owning shares registered in Section I of Depozitarul Central), Depozitarul Central provides the shareholders with the option to collect into a bank account any amount of money to which they are entitled, regardless of the issuer distributing such amounts. This option requires the registration with Depozitarul Central of the IBAN code which remains valid also for future distributions, until a contrary notice from the shareholder.
The shareholders wishing to use this option have to fill in a specific form, called in Romanian “Formular colectare cod IBAN”, available on the website of Depozitarul Central, at the address https://www.roclear.ro/Detinatori/DetinatoriDistribuireDividende, and to send it by mail or submitt it directly to Depozitarul Central, along with the documents requested, at the headquarters thereof, at the address: Depozitarul Central, 34-36 Carol I Boulevard 020922, Floors 3, 8 and 9, Bucharest, 2nd district, Romania.
The applications for dividend payment by bank transfer shall be sent to Depozitarul Central until 21.06.2023. Depozitarul Central will verify the payment applications and, if they are incomplete, will request their completion by contacting the shareholder at the phone number or the email address mentioned in the documents initially sent.
The natural person shareholders not represented by Participants who do not send applications for dividend payment into a bank account until 21.06.2023 or those whose applications are not complete/completed until the same date will be able to collect their dividends at the Banca Transilvania units, in accordance with the provisions of Chapter III below.
If the natural person and legal person shareholders send applications for dividend payment into a bank account after the Payment date (23.06.2023), Depozitarul Central will made the payment by bank transfer within 3 working days from the blocking date of the cash payment, for natural person shareholders and from the receipt date of the payment application, for legal person shareholders, respectively. The change in the payment method will be charged according to the list of fees levied to the holders of financial instruments and will be borne by each shareholder.
For the shareholders who have already activated this payment option, respectively they have registered the IBAN code with Depozitarul Central, the payment of dividends will be made automatically on the Payment Date, i.e. on 23.06.2023, by bank transfer via Depozitarul Central, without presenting additional documents.

III. Payment by cash/bank transfer through Banca Transilvania units
For natural person shareholders who do not fall under Chapters I and II above, the dividends will be paid by cash/bank transfer at Banca Transilvania cash desks, in any BT unit in Romania, starting on 23.06.2023.

The list of BT units is available on the website https://www.bancatransilvania.ro/bt-help/retea-unitati/. The natural person shareholders can request the dividend payment at any BT unit during the opening hours thereof. Banca Transilvania will make cash payments within the limit for cash payments provided by the legislation in force.
Dividend payment by cash/bank transfer, requested in the BT units, shall only apply to natural person shareholders who are not represented by Participants (i.e. shareholders owning shares registered in Section I of Depozitarul Central) and who have not opted for payment by bank transfer according to Chapter II above, as follows:
1. For resident natural person shareholders presenting themselves in person at the BT cash desk, the dividend payment shall be made based on the identity document bearing the personal identification code (in Romanian-CNP). The shareholder identification shall be performed based on the information found in the CNP field. Should the CNP mentioned in the documents presented at the BT cash desks is different from the one in the records of Depozitarul Central, the shareholders must contact the latter;
2. For non-resident natural person shareholders presenting themselves in person at the BT cash desks, the dividend payment shall be made based on the passport whose series and number must correspond to the ones mentioned in the records of Depozitarul Central. Should the data mentioned in the documents presented at the BT cash desks are different from the ones in the records of Depozitarul Central, the shareholder must contact the latter;
3. For natural person shareholders aged under 14, the dividends shall be paid to the legal representative, i.e. tutor or parent of the minor, based on the following documents: the birth certificate of the shareholder bearing the CNP + a certified copy thereof attesting the conformity with the original (the copy will be kept), the legal document establishing the tutorship if the tutor is not one of the parents + a certified copy thereof attesting the conformity with the original (the copy will be kept) and the identity document of the tutor/parent + a certified copy thereof attesting the conformity with the original (the copy will be kept);
4. For natural person shareholders under curatorship, the dividends shall be paid to the curator of the respective person, based on the following documents: the identity document of the shareholder bearing the CNP, the legal document establishing the curatorship + a certified copy thereof attesting the conformity with the original (the copy will be kept) and the identity document of the curator + a certified copy thereof attesting the conformity with the original (the copy will be kept);
5. For natural person shareholders not presenting themselves in person at the BT cash desk but authorizing another person in this respect, the dividends shall be paid to the authorized representative, based on the following documents: the special power of attorney authenticated by the Notary Public comprising the empowerment to collect dividends (issued not more than three years prior to the payment date, unless the power of attorney has a validity higher than three years and is valid on the payment date) + a certified copy thereof attesting the conformity with the original (the copy will be kept) and the identity document of the authorized representative + a certified copy thereof attesting the conformity with the original (the copy will be kept).
The documents drafted in a foreign language shall be accompanied by the legalized translation into Romanian and, if issued by a foreign authority they shall be apostilled or over legalized, as appropriate.

For payments by bank transfer, requested in the BT units, the shareholders shall fill in the Application Form for dividend payment by bank transfer made available by the Bank and attach an account statement certified by the bank in which the dividend transfer is requested or a document issued by the bank certifying the holder of the account in which the payment is requested. The account holder shall be the shareholder or his authorized representative, as appropriate.
Cash payment of dividends at the BT cash desks shall not apply in the following cases:
- for shareholders whose CNP mentioned in the identity documents differs from the one in the records received by Banca Transilvania from Depozitarul Central. The shareholders will be advised to contact Depozitarul Central;
- for shareholders’ heirs, based on inheritance certificates. The shareholders will be advised to contact Depozitarul Central; the dividends shall only be paid after the registration by Depozitarul Central, on the request of the heirs, of the direct transfer of ownership over the shares as effect of the inheritance. The documents necessary for the direct transfer for the cause of death (inheritances) can be found at https://www.roclear.ro/Detinatori/DetinatoriTransferDrepturi.
For legal person shareholders who are not represented by Participants, the payment of dividends shall be made by bank transfer, in accordance with Chapter II above.

IV. Shares held in joint accounts
In the case of shares held in joint accounts at the Registration date, the dividend payment shall be made as follows:
- in the case of cash payments, the payments shall be made provided that all co-owners are present at the Banca Transilvania unit, in person or through the legal and/or conventional representative, and submit the documents requested for cash payments provided above;
- in the case of payments to co-owners who have account opened at a Participant, the dividends due to each co-owner shall be transferred to the Participant whose clients they are;
- in the case of payments by bank transfer, the dividends due to the co-owners shall be transferred in the account indicated by all the co-owners based on a joint application addressed to Banca Transilvania or Depozitarul Central;
- in the case of co-owners requesting both the registration by Depozitarul Central of the direct transfer of ownership over the shares as effect of the termination of the joint ownership, and the direct payment of dividends to each of the co-owners according to the number of shares inherited by each of them, Depozitarul Central will block the dividend payment, and the Company will calculate the amounts due to each of the former co-owners, and the payment shall be made in accordance with the procedure herein.

V. Clarifications regarding the application of other dividend tax rates

V.1. More favourable tax rates provided for by the Double Taxation Conventions
Non-resident shareholders who wish to benefit from the more favourable provisions of the Double Taxation Convention between Romania and their country of residence shall send to Transilvania Investments headquarters in Brasov, 2 Nicolae Iorga Street, postal code 500057, until 09.06.2023, the following documents:

- Application for the most favourable provisions of the Double Taxation Conventions, in original, accompanied by
- Tax residence certificate for the year in which the payment of dividends is made (2023), within the validity period, in original or in legalized copy, apostilled/over legalized, if applicable, accompanied by an authorized translation into Romanian, in original, and the supporting documents containing the contact details needed for any possible clarifications.
In compliance with the Romanian Tax Code, the tax residence certificate has to include the identification data of the non-resident shareholder, as well as of the authority which issued the tax residence certificate, such as, without being limited to name, address, tax identification code, specification that the shareholder (i.e. the taxpayer) is a tax resident of the country issuing the certificate and the issuing date of the certificate.
The payment of dividends on the Payment date (23.06.2023) by applying the most favourable tax rate is conditioned by the submission of all the complete and accurate documents and the possible clarifications requested by Transilvania Investments until 09.06.2023. The Company shall not be deemed liable for the non-application of the more favourable tax treatment if the documentation and/or the requested clarifications are not submitted until the specified deadline.
In the case of non-resident shareholders who have not submitted a valid tax residence certificate until the deadline mentioned above, the dividends will be taxed at the standard rate provided by the Romanian Tax Code, i.e. 8% of the gross value.
In the case of non-resident shareholders represented by Participants, the latter shall send to Transilvania Investments headquarters, until 09.06.2023, the list of shareholders for whom tax documents are submitted, which must contain the following: full name of the shareholders (if the name recorded in the Shareholders' Register is different from the one specified in the tax documents, the reasons/explanations for these differences shall be presented in a special section), shareholder identification number (NIN) recorded in the Shareholders' Register provided by Depozitarul Central, number of shares held on the Registration date.
The Custodian Banks shall send to Transilvania Investments legalized copies (in original) of the tax residence certificates of their clients (on which they shall sign and mention that they hold the original counterpart) and the authorized translation into Romanian thereof.
Transilvania Investments reserves the right to ask the shareholder/his representative for additional documents following the analysis of the dividend payment application.
The documents drafted in a foreign language shall be accompanied by the legalized translation into Romanian and, if issued by a foreign authority, they shall be apostilled or over legalized, as appropriate.

V.2. Payment of dividends at gross value

In the case of the investment funds/collective investment undertakings without legal personality in Romanian, in order the dividend tax not to be withhold, the Participants or the Management Companies shall send/submit the following documents either (i) in original, to the Company’s headquarters in Brasov, 2 Nicolae Iorga Street, postal code 500057 or (ii) by e-mail with incorporated extended electronic signature (according to Law 455/2001 on electronic signature), to the address: actionari@transilvaniainvestments.ro, so that they are received by the Company until 09.06.2023 at the latest:

- application for the payment of dividends at gross value, signed by the legal representative of the management company which to include:

➢ the identification data of the investment fund, namely: unique identification/registration code, as recorded in the Shareholders Register of Transilvania Investments, held by Depozitarul Central, full name of the investment fund, authorization decision, registration number with the F.S.A. Register and information on the type of investment fund (closed or open);

➢ the affidavit (in original) of the legal representative of the fund management company stating that the investment fund has no legal personality; - copy of the valid identity document of the legal representative of the fund management company; - copy of the ascertaining certificate of the fund management company or an equivalent document (not older than 3 months) certifying the legal representative of the fund management company; - copy of the Regulatory Authority decisions attesting the authorization of the fund management company and of the investment fund.
Additional information on the dividend payment procedure can be obtained from:
- Transilvania Investments Alliance: Corporate Governance Department, tel. 0268-401141, 0268-401142; email: actionari@transilvaniainvestments.ro;
- Depozitarul Central: tel. 021- 4085800, email: dividende@depozitarulcentral.ro.
In the event that the documents mentioned above and any requested clarifications are not submitted by 09.06.2023, Transilvania Investments will withhold for the respective investment funds/collective investment undertakings without legal personality the tax on dividends in the standard rate provided by the Code Fiscal in force.
We state that any clarification from the authorities and/or legislative amendment, subsequent to the date of this communique, regarding the taxation regime of dividends due to investment funds/collective investment undertakings without legal personality in Romania, will be properly implemented by Transilvania Investments and the shareholders will be informed accordingly.

Transilvania Investments applies the provisions of the Regulation (EU) 2016/679 regarding the processing of personal data (GDPR), the Policy on the protection of natural persons with regard to the processing of personal data being available on the Company’s website.
We recall that any changes in the data recorded in the Shareholders' Register (changes in name, address, identification data, transfer of shares to heirs etc.) can only be performed by Depozitarul Central, www.roclear.ro, headquartered in Bucharest, District 2, 34-36 Carol I Boulevard, Floors 3, 8 and 9, tel. 021-4085800, email: contact@depozitarulcentral.ro, upon the request of the shareholder/entitled person.

Radu-Claudiu Roșca
Executive President

Mihaela-Corina Stoica
Compliance Director

This is a free translation of the original document which was drafted in Romanian. In case of discrepancies between the Romanian version and the English version, the Romanian version shall prevail.

A modern complex, able to host almost 2,000 visitors simultaneously, with all the facilities for a perfect day of relaxation, is the offer that the Venus swimming pool in 1 Mai resort (Bihor county) prepares for this summer for the tourists from Romania. Rehabilitation works for the asset owned by Transilvania Investments, as majority shareholder of Turism Felix S.A., the manager of the swimming pool, are in their final stages.

The investment project consisted in the complete rebuilding of the complex which covers a 4.3-hectar area. The company preserved only the existing vegetation, with a completely new concept, structured on the model of a cutting-edge aqua park.
Tourists will find here seven pools for adults and two pools for children, restaurants, relaxation areas and sports facilities. From swimming pools, including a diving platform, to pools with waterslides, aquatic massage or jacuzzi, the complex combines the offer of thermal water specific to the western part of the country, with pools with heated water.

"The Venus Complex comes to supplement the tourist offer for the western part of the country that Transilvania Investments has in its portfolio. If, until now, Băile Felix (Felix Baths) have been the main point of attraction, with the opening of the aqua park in 1 May resort, we wish to offer an alternative at the same level of quality, accessible for all categories of tourists", says Radu Roșca, Executive President of Transilvania Investments.

At this moment, the main infrastructural works - restoration of the water supply system, construction of new pavilions, the heating grid etc. - have been completed and the finishings are being implemented. According to the works schedule, the Venus aqua park will be open to the public in July this year.

Brasov, May 24, 2023

Architectural plans of the aqua park Venus

Transilvania Investments ends 2022 with revenues of RON 91.33 million and a net profit of RON 63.71 million, at the end of a year in which the fund went through important changes, starting with the rebranding of the company and the implementation of new investment strategies. The General Meeting of Shareholders held on Monday in Brasov also approved the distribution in the form of dividends of about 48% of the net profit.

The approval of the distribution of a dividend of RON 0.0140/share represents a 4.9% yield by reference to the average trading price of TRANSI shares on the BVB-REGS market in 2022, the payment date being set for 23 June this year.
Transilvania Investments shareholders also approved the buy-back of 20,000,000 own shares at a maximum price of RON 0.49 /share, representing 0.9248% of the fund's share capital, in order to reducing the share capital (12 million shares) and distributing free shares to the identified staff within a Stock Option Plan (8 million shares).

Over the past year, Transilvania Investments has taken important decisions for the assets in its portfolio, the effects of which will be reflected in the coming years. "Thanks to the efforts of the entire team, we have managed to bring under the same vision the development directions for our tourism assets and find solutions that will allow them to grow. The success we owe to our shareholders lies in our innovative management approach, focused on efficiency", says Radu Roșca, Executive President of Transilvania Investments.

For the year 2023, Transilvania Investments aims to achieve a gross profit of RON 70.75 million on total revenues estimated at RON 112 million, according to the revenue and expenditure budget approved by the shareholders at the meeting held in Brasov. In focus for this year are investments in several key owned companies, such as Aro Palace and Turism Felix, and the implementation of the development strategy for assets in the spa area.

Brasov, 25 April 2023

The investment fund Transilvania Investments announces the completion of the transaction through which the stake held in Turism Felix S.A. increased to 93%. The acquisition of the additional package of shares is part of the fund’s strategy to consolidate its position in the key assets in the portfolio.

The transaction, carried out on March 29, 2023 on the B.S.E. (POFSV market), consisted in the acquisition of 143,752,429 shares issued by Turism Felix S.A., representing 29.2663% of the share capital. The transaction value amounts to RON 44,563,252.99. Following this acquisition, Transilvania Investments’s stake in Turism Felix increased from 63.7654% of the share capital, to 93.0317%.

"We confirm our confidence in the potential of this company which has proven in recent years resilience and desire for development, a fresh vision and appetite for new investments. This transaction allows us to take to a new level the strategy we have developed for all the assets that the fund holds in the hospitality sector, assuring our shareholders that we are acting to maximize the returns achieved." says Radu Roșca, executive president of Transilvania Investments.

Turism Felix operates five hotels in the Băile Felix resort, namely Hotel International 4*, Hotel Termal 3*, Hotel Nufarul 3*, Hotel Poienita 3* and Hotel Mures 2*, as well as the Apollo-Felix swimming pool. Lotus Therm Spa & Luxury Resort 5*, designated in 2022 as the best aquapark in Romania, is also part of the Turism Felix and Transilvania Investments portfolios.

The largest investment in recent years, namely the modernization of the Venus swimming pool in the Băile 1 Mai resort, is scheduled to be completed in July this year, the budget allocated for its renovation amounting to over RON 40 million.

Brașov, March 30, 2023

Transilvania Investments is celebrating one year since the trading on the BSE under the new TRANSI symbol, and at the same time one year since the commencement of the rebranding process.

During this year, marked by many challenges, we carried on the implementation of our investment strategy consisting in maximizing the potential offered by our main business lines, i.e. travel & leisure, real estate, industry, active trading and venture capital/private equity.

We are inspired by progressive values, with the view of implementing a modern vision of the company’s evolution, in the context of the new positioning on the capital market. We aim to improve the investment performance and efficiency and to meet investors' expectations.

We would like to thank the whole team, the investors and all the organizations and partners for having been at our side and for their effective collaboration!

Bucharest, 28th of March 2023

The companies that will manage the 7 seaside hotels, prepared for rental by THR Marea Neagră - a company whose majority shareholder is the investment fund Transilvania Investments - will be selected following the public tenders to be organized between 1st and 3rd of March this year.

With almost 300 4-star rooms, the Cleopatra Complex in Saturn is the largest of the assets offered for rent, with 23,000 sqm including an outdoor swimming pool, restaurant and green spaces.The Narcis Complex, located nearby, has 320 rooms. Both hotels have access to their own beaches. The two hotels are offered for rent in a package that allows the development of a complete business.

Vraja Mării was the hotel with the highest occupancy rate in the THR's portfolio last year. Its location in Eforie Nord is preferred by tourists for its beachfront location and intimate atmosphere, typical of a small hotel. For entrepreneurs interested in larger assets, the Semiramis and Tosca hotels in Saturn, each with over 300 rooms, are options for long-term business development.

Lease tenders are also scheduled for the Balada and Cerna hotels in Saturn, along with other hospitality assets. Full details of participation are published on https://thrmareaneagra.ro/licitatii/

The full program of THR Black Sea public tenders for lease:

Restaurant Prahova in Saturn - 1st of March 2023, 08:30 a.m.
Balada Hotel Complex in Saturn - 1st of March 2023, 10:00 a.m.
Cleopatra and Narcis Hotel Complex in Saturn - 1st March 2023, 12:00 noon
Hotel complex Cerna in Saturn - 1st March 2023, 14:00 a.m.

Băi reci in Eforie Sud - 2nd of March 2023, 10:00 a.m.
Tosca Hotel Complex in Saturn - 2nd March 2023, 12:00 noon
Semiramis Hotel Complex in Saturn - 2nd March 2023, 13:00
Hora Kindergarten - 2nd March 2023, 15:00

Narcis Buffet - 3rd of March 2023, 10:00 a.m.
Vraja Mării Hotel Complex in Eforie Nord - 3rd March 2023, 12:00 noon

Brasov, 22th of February 2023

Two key positions in Aro Palace Brasov's management structure are open to candidates with experience in the tourism industry. The company owned by Transilvania Investments, a majority shareholder with 85% of the shares, is looking for a CEO and a General Manager for the hotel of the same name. Their main task will be to implement the strategy for the company's transformation into an agile entity, adapted to the increasingly demanding requirements that customers have in the tourism sector.
With 1,300 accommodation places, three restaurants and a wellness centre under management, Aro Palace is one of the most important tourism companies in the central area of the country. The incoming CEO will coordinate the company's entire activity, being supported by an expanding team. Ongoing projects include the renovation of the Capitol Hotel and its inclusion in an international chain. A minimum of three years experience in a similar position is a must, full details of the responsibilities of this position can be found here: https://talent.winsed.swiss/en/

A symbol of Brasov, Aro Palace has been the city's most important hotel for more than eight decades. Plans for the future call for a modernisation process to bring the Aro Palace hotel back to the top of tourists’ preferences. The reopening of the night bar and the famous rooftop restaurant, as well as the refurbishment of the rooms, are among the first measures planned for the coming period. The position of general manager of the hotel includes, among other responsibilities, coordinating these investments and creating a modern organisational culture to support the hotel's policy of retaining the more than 70,000 guests who stay at the hotel each year. The requirements and responsibilities of the position are outlined here: https://talent.winsed.swiss/en/

The recruitment is coordinated by a Swiss hospitality company, which will ensure a transparent selection of the best candidates. The deadline for CVs is 10th of February this year and applications can be sent to jobsro@winsed.swiss

Brasov, 25th of January 2023

Investment opportunities on the Romanian seaside: 2, 3 and 4* hotels for sale in Eforie Nord and Eforie Sud

Investors interested in developing business on the Black Sea coast, the most important tourist area in Romania, now have the opportunity to purchase 2, 3 and 4* hotels in the resorts of Eforie Nord and Eforie Sud. The assets are being put up for sale by THR Marea Neagră, a company in which Transilvania Investments holds the majority stake, as part of the fund's strategy to reposition its portfolio in the hospitality sector. The sale of the 6 hotels will take place through auctions scheduled to start on 25 January, and the tender documents are already available at THR Marea Neagră's headquarters.
With more than 200 rooms and a wellness centre highly appreciated by tourists, the Bran-Brad-Bega Complex in Eforie Nord is the most important asset on the list proposed to investors. The unit is rated 4*, and the location on the beach and additional facilities (outdoor pool, bar, etc.) allow the development of all-inclusive concepts increasingly in demand by Romanian tourists. Also in Eforie Nord, the 2* Jupiter and Venus hotels and the 3* Diana hotel are on sale. For the Eforie Sud area, the Capitol and Măgura hotels offer a total capacity of over 300 rooms in a resort traditionally dedicated to family tourism.
Other assets put up for sale include the Băcile Reci treatment complex in Eforie Sud and a restaurant with a capacity of almost 700 seats in Saturn.

Full auction schedule can be consulted here: https://thrmareaneagra.ro/licitatii/
The tender documents can be purchased at THR Marea Neagră's headquarters in Lavrion Street no. 29, Mangalia or in electronic format.

Brașov, January 12, 2023

Six hotels and a restaurant located on the Black Sea coast, in Saturn and Eforie Nord resorts, will be auctioned off for rent in the immediate future. Located on or near the beach, the hotels may become strategic investment areas for those looking for development opportunities in the HoReCa sector. The hotels are being auctioned off by THR Marea Neagră, a company in which Transilvania Investments holds 78.6% of the shares.

The Bran-Brad-Bega Hotel Complex is already drawing the attention of investors due to the mix of services offered - accommodation, restaurant and wellness centre. The hotel is rated 4 stars and in recent years it has benefited from investments for the renovation of the outdoor swimming pool and other areas of the complex. With more than 200 rooms and located in the immediate vicinity of the beach, Bran-Brad-Bega is one of the most attractive hotels in Eforie Nord.

Aida, Siret and Sirena Hotels are traditionally intended to family tourism. Entrepreneurs wishing to start or develop their business on the Black Sea coast can choose according to the size of the hotels which have between 150 and 300 rooms. All three hotels are located in close proximity to the beach in the Saturn resort.

Rental auctions will also be organised for Prahova Restaurant and Semiramis and Tosca Hotels in the Saturn resort. The auctions are scheduled to take place between 16 and 20 December, and full details on participation are available on the website https://thrmareaneagra.ro/licitatii/

Full schedule of the rental auctions conducted by THR Marea Neagra is the following:

Bran-Brad-Bega Hotel Complex in Eforie Nord – December 16, 2022, 10:00 a.m.
Aida Hotel Complex in Saturn – December 19, 2022, 10:00 a.m.
Prahova Restaurant in Saturn – December 19, 2022, 12:00 noon
Semiramis Hotel Complex in Saturn - December 19, 2022, 14:00
Tosca Hotel Complex in Saturn – December 20, 2022, 10:00 am
Siret Hotel Complex in Saturn – December 20, 2022, 12:00 noon
Sirena Hotel Complex in Saturn – December 20, 2022, 14:00

The auction specifications can be purchased at THR Marea Neagră's headquarters in Lavrion Street no. 29, Mangalia or in electronic format until 14th of December, and the purchase includes the right to visit the sites before the auctions. Contact: phone +40724355663

Brasov, December 8, 2022

Transilvania Investments carries on the implementation of the new strategic directions adopted and ends the first nine months of this year with a net profit of RON 55.07 million and a net operating income of RON 73.27 million. The Company remains focused on increasing the portfolio efficiency, maximizing the shareholders’ returns and developing new investment lines.

The Company recorded at 30.09.2022 a net profit of RON 55.07 million, compared to RON 55.44 million- the profit coresponding to the similar period in 2021, that is a decrease by 0.66%.

The net operating income at the end of the third quarter of 2022 amounts to RON 73.27 million, down by 4.80% compared to the period January - September 2021, while the total assets are worth RON 1,346.70 million, lower by RON 164.23 million, respectively by 10.87% than their value at the end of the coresponding period in 2021. The net asset value at 30.09.2022, amounting to RON 1,280.73 million (RON 0.5954 /share), is lower by 5.66% than the net asset as at 30.09.2021 (RON 1,357.52 million, RON 0.6278 /share) and by 7.20% than the value recorded as at 31.12.2021.

The operating expenses at the reporting date total RON 20.37 million, higher by RON 0.23 million than their value as at 30.09.2021.
For more information, we invite you to access our Quarterly report in the following link: https://transilvaniainvestments.ro/en/rapoarte_periodice/report-for-the-first-quarter-of-2022-13-05-2022-1801/

Brașov, November 14, 2022