Alro S.A.

Report Publication Announcement • Nov 15, 2021

No: 81/15.11.2021

To: The Financial Supervisory Authority Bucharest Stock Exchange

Current report in compliance with article no. 108 of Law no. 24/2017 on issuers of financial instruments and market operations - Republished

Date of report: November 15 th 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 Tier Category (market symbol: ALR)

Significant event to be reported: Reporting of transactions with related parties according to art. 108 paragraph 3 and paragraph 12 of Law no. 24/2017 - Republished

Please be informed by the present Current Report that ALUM S.A., subsidiary of ALRO S.A., carried out during the period August 1 st 2021 – October 31st 2021, with the company Sierra Mineral Holdings 1 Limited, subsidiary of ALRO S.A., the following transactions that cumulatively exceed 5% of the Company's net assets as per ALRO S.A. Standalone Financial Statements related to the first 6 months of 2021, amounting to RON 50,219,273, as follows:

▪ Transactions of ALUM S.A., subsidiary of ALRO S.A., with the company Sierra Mineral Holdings 1 Limited, subsidiary of ALRO S.A., carried out during the period August 1 st 2021 – October 31st 2021 in total amount of RON 55,830,799.

Details have been enclosed to this Report, as follows:

• Annex 1 Reporting of transactions carried out during August 1 st 2021 – October 31st 2021;
• Annex 2 Reporting of contracts related to the transactions in Annex 1;
• Annex 3 Reporting of mutual debts and receivables (balances) as of October 31st 2021.

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

Annex 1 - Reporting of transactions carried out during the period August 1 st 2021 – October 31st 2021:

Acquisitions

Year	Months	Name	Nature of relationship	Name	Nature of relationship	Nature of transaction	Object of transaction	Amount (RON)	N.R.U. number/ Date of contract
2021	8	ALUM S.A.	Subsidiary	Sierra Mineral Holdings 1 Limited	Subsidiary	Acquisitions	Bauxite	15,702,556	315/28.12.2020
2021	9	ALUM S.A.	Subsidiary	Sierra Mineral Holdings 1 Limited	Subsidiary	Acquisitions	Bauxite	24,582,407	315/28.12.2020
2021	9	ALUM S.A.	Subsidiary	Sierra Mineral Holdings 1 Limited	Subsidiary	Acquisitions	Bauxite	3,891	165/31.05.2021
2021	10	ALUM S.A.	Subsidiary	Sierra Mineral Holdings 1 Limited	Subsidiary	Acquisitions	Bauxite	15,541,945	315/28.12.2020

55,830,799

Annex 2 - Reporting of contracts related to the transactions in Annex 1

Acquisitions

Name	Nature of relationship	Name	Nature of relationship	Nature of transaction	Object of transaction	N.R.U. number/ Date of contract	Payment term
ALUM S.A.	Subsidiary	Sierra Mineral Holdings 1 Limited	Subsidiary	Acquisitions	Bauxite	315/28.12.2020	payment at 15 calendar days after the B/L date or advance payment, based on agreement of the parties
ALUM S.A.	Subsidiary	Sierra Mineral Holdings 1 Limited	Subsidiary	Acquisitions	Bauxite	165/31.05.2021	payment at 15 calendar days after the B/L date or advance payment, based on agreement of the parties

Annex 3 – Reporting of mutual debts and receivables (balances) as of October 31st 2021

	Company	Related party		31st 2021 Balance as of October (RON)
Name	Nature of relationship	Name	Nature of relationship	Receivables	Liability
ALUM S.A.	Subsidiary	Sierra Mineral Holdings 1 Limited	Subsidiary	243,387,702	-