Alro S.A.

Related Party Transaction • Dec 23, 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: December 23th , 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 13 of Law no. 24/2017 - Republished

Please be informed by the present Current Report, that ALRO S.A. concluded with the company ALUM S.A. Tulcea (member of Alro Group registered with the Financial Supervisory Authority), on the date of December 23 th , 2021, a new transaction based on rental 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 related to the first 6 months of 2021, amounting to RON 50,219,273.

Details regarding the transaction concluded on December 23 th , 2021 by ALRO S.A., as Owner with ALUM S.A. Tulcea, as Renter, containing information on the transaction, date of conclusion, nature, description of its object, mutual receivables and debts are presented in Annex 1 hereto.

The Company management declares that the management has assessed the reported transactions as being economically correct and justified.

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

Annex 1 – Reporting of the transaction concluded on December 23 th 2021 and of mutual receivables and debts (balances) as of 30 th November 2021:

No.	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 receivables and debts (RON)	Created securities	Interests	Payment terms and conditions
1.	ALRO S.A. ALUM S.A.	Issuer Subsidiary	1653/23.12.2021 Rental contract no. 40005299 / 10.12.2021	Office space rental with an area of 33,2 sqm	-*	Receivables ALRO S.A. 968,936 Debts ALRO S.A. 48,218,058	-	12% per year, monthly calculated for the outstanding amount	Until the 10th of the following month

*The estimated amount of a monthly rent is RON 2,388, the annual value being RON 28,656. The contract period is indefinite.