Alro S.A.

Related Party Transaction • Jan 15, 2024

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: January 15 th , 2024 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 on the date of January 15 th , 2024 with the company VIMETCO MANAGEMENT ROMANIA S.R.L. two new transactions whose value cumulated with the other transactions concluded/carried out within the last 12 months, cumulatively exceed 5% of the Company's net assets as per ALRO S.A. Standalone Financial Statements related to the first 6 months of 2023, amounting to RON 63,083,755, as follows:

• Transactions of ALRO S.A. with VIMETCO MANAGEMENT ROMANIA S.R.L., carried out during the period December 1 st – 31 st, 2023 in total amount of RON 4,515,203.
• Details on the transactions concluded on January 15 th , 2024 by ALRO S.A. as Buyer/Operator, with the company VIMETCO MANAGEMENT ROMANIA S.R.L., as Seller/User, in estimated amount of RON 312,274,193.

Details have been enclosed to this Report, as follows:

• Annex 1 Reporting of transactions carried out during the period December 1 st – 31 st , 2023;
• Annex 2 Reporting of contracts related to the transactions in Annex 1;
• Annex 3 Reporting of transactions concluded on January 15 th, 2024 and of mutual debts and receivables balances as of December 31 st, 2023.

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 transactions carried out during the period December 1 st – 31 st, 2023

Acquisitions

			Company	Related party
Year	Month	Name	Nature of relationship	Name	Nature of relationship	Nature of transaction	Object of transaction	Amount (RON)	N.R.U. number/ Date of contract
2023	12	ALRO S.A	Issuer	VIMETCO MANAGEMENT ROMANIA SRL	Affiliated	Acquisitions	Consultancy	1,073,000	1226/15.11.2023
2023	12	ALRO S.A	Issuer	VIMETCO MANAGEMENT ROMANIA SRL	Affiliated	Acquisitions	Gas	3,366,900	1133/25.10.2023
2023	12	ALRO S.A	Issuer	VIMETCO MANAGEMENT ROMANIA SRL	Affiliated	Acquisitions	Reinvoicing services	7,454	no contract
2023	12	ALRO S.A	Issuer	VIMETCO MANAGEMENT ROMANIA SRL	Affiliated	Acquisitions	Reinvoicing expenses	16,486	no contract
2023	12	ALRO S.A	Issuer	VIMETCO MANAGEMENT ROMANIA SRL	Affiliated	Acquisitions	Gas distribution	34,430	1096/13.10.2023
							Total	4,498,270

Sales

		Company		Related party
Year	Month	Name	Nature of	VIMETCO MANAGEMENT	Nature of	Nature of	Object of transaction	Amount (RON)	N.R.U. number/ Date of
			relationship	ROMANIA SRL	relationship	transaction			contract
2023	12	ALRO S.A.	Issuer	VIMETCO MANAGEMENT	Affiliated	Sales	Gas distribution	16,933	1096/13.10.2023
				ROMANIA SRL
							Total	16,933

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

Acquisition contracts

Name	Nature of relationship	Name	Nature of relationship	Nature of transaction	Object of transaction	N.R.U number/ Date of contract	Payment term
ALRO S.A.	Issuer	VIMETCO MANAGEMENT ROMANIA SRL	Affiliated	Acquisitions	Consultancy	1226/15.11.2023	Maximum 5 days from the beginning of each month

Name	Nature of	Name	Nature of	Nature of	Object of	N.R.U number/ Date	Payment term
	relationship		relationship	transaction	transaction	of contract
ALRO S.A.	Issuer	VIMETCO MANAGEMENT	Affiliated	Acquisitions	Gas	1133/25.10.2023	Advance invoice will be paid in 5 working days
		ROMANIA SRL					from the invoice date
							th of Regularization invoice will be paid on 25
							the month following the delivery month
ALRO S.A.	Issuer	VIMETCO MANAGEMENT	Affiliated	Acquisitions	Gas	1096/13.10.2023	5 days from the invoice date
		ROMANIA SRL			distribution

Sales contracts

Name	Nature of relationship	Name	Nature of relationship	Nature of transaction	Object of transaction	N.R.U number/ Date of contract	Payment term
ALRO S.A.	Issuer	VIMETCO MANAGEMENT ROMANIA SRL	Affiliated	Sales	Gas distribution	1096/13.10.2023	5 days from the invoice date

Annex 3 - Reporting of transactions concluded on January 15 th , 2024 and of mutual debts and receivables balances as of December 31 st, 2023

No.	Parties having concluded the legal document	Nature of the relationshi p	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)	Penalties	Payment terms and conditions
1.	ALRO S.A. (Buyer/Consumer) VIMETCO MANAGEMENT ROMANIA S.R.L. (Seller/Provider)	Issuer Affiliated	59/15.01.2024 Addendum no. 3 of the electricity supply contract no. 47/09.11.2023	The decrease in electricity quantity that will be supplied in the period 01.01.2024 – 31.01.2024, for the period February-December 2024, the estimated quantity of electric energy is maintained	312,222,830*	Receivables ALRO S.A. 11,286,046 Debts ALRO S.A. 6,170,934	0.02% for each day of delay	3 days from delivery date
2.	ALRO S.A. (Operator) VIMETCO MANAGEMENT ROMANIA S.R.L. (User)	Issuer Affiliated	58/15.01.2024 Addendum no. 1 of the gaz distribution contract no. 30/26.09.2023	Extension of the validity contract for the period 01.01.2024-31.03.2024	51,363	Receivables ALRO S.A. 11,286,046 Debts ALRO S.A. 6,170,934	-	5 days from the invoice date

*this value revise the Contract value included in Current Report no. 95 from December 11th, 2023