In compliance with Law nr. 297/2004 and Regulation no. 1/2006 of CNVM

Date of report : July 19, 2007
Name of issuer : PETROM S.A.
Headquarters : Bucharest, Calea Dorobantilor nr. 239 sector 1
Telephone/fax number : 021 4060101/021 4060436
Sole registration number at the Trade Register Office: 1590082
Fiscal attribute : R
Trade Register Number: J 40/8302/1997
Share capital: 5,664,410,833.5 RON
Regulated market on which the issued shares are traded : Bucharest Stock Exchange

Significant event to be reported:

S.C Fondul Proprietatea S.A increases its stake in Petrom’s share capital

In the letter of notification dated July 18, 2006, Depozitarul Central S.A informed Petrom S.A about the transfer that has been performed on July 11, 2006, in compliance with the stipulations of the Government’s Emergency Statutory Order n. 81/2007, of 5,791,079,578 shares, representing 10.223% of Petrom S.A.’s share capital, held by the Authority for State Assets Recovery (AVAS), into the account of S.C Fondul Proprietatea S.A.

Subsequent the transfer, AVAS owns 11,690,694,418 shares representing 20.64% of the share capital and S.C. Fondul Proprietatea S.A. owns 11,391,130,186 shares, representing 20.11% of the share capital.

Werner Schinhan
Director General Executiv Adjunct/Deputy CEO