Transilvania Investments, one of the most important investment funds in Romania, recorded a net profit of RON 16.69 million at the end of the first quarter. For the period 2024-2028, the investment fund aims to increase its net asset value per share by at least 6% and to reduce the trading discount by at least 7%.

According to the results as at 31 March this year, Transilvania Investments holds assets totaling RON 1,941.9 million, up 33.79% compared to the same period last year. Net assets also increased by 33.85%, amounting to RON 1,850.5 million (RON 0.8599/share). The gross profit achieved at the end of the first quarter of 2024, worth RON 16.52 million, is 13.72% higher than the profit forecast in the Revenue and Expenditure Budget for the first quarter of 2024.

This year, the shareholders approved a new Strategy of the investment fund to be implemented over the investment horizon from April 2024 to April 2028. Through this Strategy, Transilvania Investments has committed itself to its shareholders to achieve an annual increase in the net asset value per share of at least 6% and an annual reduction in the trading discount of at least 7%. The objectives of the Strategy also include rewarding shareholders through a mix of instruments (dividends and reduction of the trading discount), increasing the weight of dividends generated by the subsidiaries, restructuring the historical portfolio, continuing to implement best corporate governance practices etc.

In the coming period, the team's efforts will be focused on the implementation of the projects in the new business areas defined by the Fund's Strategy, namely the continuation of the projects started in the field of tourism, the efficient and centralized exploitation of real estate assets, active trading and the exploitation of the potential offered by the private equity investment niche.
Transilvania Investments is preparing to pay dividends for the year 2023. The shareholders approved the distribution of a gross dividend of RON 0.015/share, totaling RON 32.4 million, representing a 5.15% yield by reference to the average trading price of TRANSI shares in 2023.

For more information on the Fund's results and activity in Q1 2024, please consult the Quarterly Report as at 31.03.2024, which is available on the Company's website at www.transilvaniainvestments.ro (Investor Relations/Reports/Periodical reports section) and on the website of the Bucharest Stock Exchange at www.bvb.ro.

Brasov, 15th of May 2024