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Company Response

1 Feb 2022

BCR response to Digging in the Shadows

Banca Comerciala Romana took note of your notification and expresses appreciation for the opportunity to clarify any misunderstandings, which, unfortunately, did occur with regard to BCR’s investments. We also express appreciation for the mission of your organization and consider it a matter of responsibility to provide further business information, despite BCR’s lack of involvement in the matter you signaled to us. As such, BCR has no investments nor financings agreements to any of the companies referred to in the investor summary and the report. BCR had had a previous years long business relationship with Rompetrol Group, a state company founded in 1974 in Romania, later privatized in 1998 and afterwards acquired by Kaz Munai Gas in 2007 and rebranded under the corporate holding identity (multiple business operations) as KMG International, while continuing Romanian market operations under its historical brand: Rompetrol (accronim of Romanian Petroleum). Thus, neither BCR, nor its shareholder, has had business relationship with any of the companies and the issues mentioned in your report...