Alro S.A.

Related Party Transaction • Jul 9, 2021

No. 48/09.07.2021

To: The Financial Supervisory Authority Bucharest Stock Exchange

Current report in compliance with article no. 92³ of Law no. 24/2017 on issuers of financial instruments and market operations and Law no. 158/2020 for the amendment, supplementation and repealing of certain normative acts, as well as for setting up measures for the implementation of Regulation (EU) 2017/2402 of the European Parliament and of the Council of 12 December 2017, establishing a general framework for securitization and creating a specific framework for a simple, transparent and standardized securitization and amending Directives 2009/65/EC, 2009/138/EC and 2011/61/EU, as well as Regulations (EC) no. 1060/2009 and (EU) no. 648/2012.

Date of report: July 9th, 2021 Name of issuer: ALRO S.A. Headquarters: Slatina, 116 Pitesti Street, Olt County Telephone/ fax number: +40 249 431 901 / +40 249 437 500 Sole registration number at the Trade Register Office: RO 1515374 Trade Register Number: J28/8/1991 The European Unique Identifier (EUID): ROONRCJ28/8/1991 Legal Entity Identifier (LEI): 5493008G6W6SORM2JG98 Subscribed and paid-in share capital: 356,889,567.5 RON Regulated market on which the issued shares are traded: Bucharest Stock Exchange – Premium Category (market symbol: ALR)

Significant event to be reported: Reporting of transactions with related parties according to art.92³paragraph 3 and paragraph 12 of Law no. 24/2017 as amended and supplemented by Law no. 158/2020

Please be informed by the present Current Report, that ALUM S.A., subsidiary of ALRO S.A., concluded with the company CONEF GAZ S.R.L., related party of ALRO Group, on the date of 9 July 2021, two new transactions based on a purchase contract, whose cumulated value with the other transactions concluded/ carried out within the last 12 months, cumulatively exceeds 5% of the Company's net assets, as per ALRO S.A. standalone financial statements for the year 2020, in amount of RON 51,598,374.

Details regarding the transactions concluded on 9th July 2021 by ALUM S.A., subsidiary of ALRO S.A., as buyer, with the Company CONEF GAZ S.R.L., related party of ALRO Group, as seller, containing information on the transactions date of conclusion, nature, description of its object, mutual receivables and debts are presented in Annex 1 hereto.

Chairman of the Board of Directors Chief Executive Officer Marian Daniel Nastase Gheorghe Dobra

Annex 1 – Reporting of the transactions concluded on 9th July 2021 and of mutual debts and receivables (balances) as of 30 June 2021

Nr.	Parties having concluded the legal document	Nature of the relationship	Date of conclusion and nature of the document	Description of the legal document object	Total value of the legal document (RON)	Mutual debts (RON)	Created securities	Stipulated damages	Payment terms and conditions
1.	ALUM S.A.	Subsidiary	201/09.07.2021 Addendum no.24 to the natural gas sales contract no. 118/2010	Amendments regarding the calculation formula in order to determine the contractual price for the natural gas purchased during June September 2021	79,702,486*	Receivable ALUM 836,090.61 Debts Alum -	-	3% of the contract price for the daily / monthly quantities not taken over outside the flexibility limits and those taken over outside the flexibility limits	For the advance invoice: 25% of the invoice value on the 5th day of the delivery month and the remaining payment
	Conef Gaz S.R.L.	Company under common control							(difference) on the 15th day of the delivery month; For the settling invoice: on the 15th day of the month following the consumption month.
2.	ALUM S.A.	Subsidiary	202/09.07.2021 Addendum no.25 to the natural gas sales contract no. 118/2010	Amendments regarding the calculation formula in order to determine the contractual price for the natural gas purchased in July 2021	18,917,826*	Receivable ALUM 836,090.61 Debts Alum -	-	3% of the contract price for the daily / monthly quantities not taken over outside the flexibility limits and those taken over outside the flexibility limits	For the advance invoice: 25% of the invoice value on the 5th day of the delivery month and the
	Conef Gaz S.R.L.	Company under common control							remaining payment (difference) on the 15th day of the delivery month; For the settling invoice: on the 15th day of the month following the consumption month.

* these estimated values are included in the value of the contract reported on the date of October 2 2020