Alro S.A.

Related Party Transaction • Oct 1, 2020

No.45/01.10.2020

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: October 1 st , 2020 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 13 of Law no. 24/2017 as amended and supplemented by Law no. 158/2020

Please be informed by the present Current Report, that ALRO S.A. concluded with the company CONEF GAZ SRL on the date of 1 October 2020 a new transaction based on a purchase contract, whose value cumulated with the other transactions concluded/ carried out within the last 12 months, i.e. in the period 1st September 2019 – 31st August 2020, cumulatively exceeds 5% of the Company's net assets, as per ALRO S.A. standalone financial statements for the year 2019, in amount of RON 37,077,541, as follows:

• Transactions of ALRO S.A. with CONEF GAZ SRL concluded/ carried out in the period 1 st September 2019 – 31st August 2020 in total amount of RON 43,707,295
• Details on the contract concluded on 1st October 2020 by ALRO S.A. as buyer with the Company CONEF GAZ SRL as seller in estimated amount of RON 30,597,760.

Details have been enclosed to this Report, as follows:

• Annex 1 Reporting of concluded/carried out transactions in the last 12 months
• Annex 2 Reporting of contracts related to the transactions in Annex 1

• Annex 3 - Reporting of contract concluded on 1st October 2020 and of mutual debts and receivables (balances) as of 31 August 2020

Chairman of the Board of Directors Chief Executive Officer

Marian Daniel Nastase Gheorghe Dobra

Annex 1 - Reporting of concluded/carried out transactions in the last 12 months:

Acquisitions

Year	Months	Name	Nature of	Name	Nature of	Nature of	Object of	Amount (RON)	N.R.U. number/ Date of
			relationship		relationship	transaction	transaction		contract
2019	9	ALRO SA	Issuer	CONEF GAZ SRL	Common control	Acquisitions	Gas	4.001.893	1577/01.11.2018
2019	10	ALRO SA	Issuer	CONEF GAZ SRL	Common control	Acquisitions	Gas	3.727.212	990/17.10.2019
2019	10	ALRO SA	Issuer	CONEF GAZ SRL	Common control	Acquisitions	Gas	44.655	1577/01.11.2018
2019	11	ALRO SA	Issuer	CONEF GAZ SRL	Common control	Acquisitions	Gas	3.970.089	990/17.10.2019
2019	12	ALRO SA	Issuer	CONEF GAZ SRL	Common control	Acquisitions	Gas	3.702.578	990/17.10.2019
2020	1	ALRO SA	Issuer	CONEF GAZ SRL	Common control	Acquisitions	Gas	4.052.802	1157/30.12.2019
2020	2	ALRO SA	Issuer	CONEF GAZ SRL	Common control	Acquisitions	Gas	3.852.757	1157/30.12.2019
2020	3	ALRO SA	Issuer	CONEF GAZ SRL	Common control	Acquisitions	Gas	4.301.827	1157/30.12.2019
2020	4	ALRO SA	Issuer	CONEF GAZ SRL	Common control	Acquisitions	Gas	3.899.961	1157/30.12.2019
2020	5	ALRO SA	Issuer	CONEF GAZ SRL	Common control	Acquisitions	Gas	3.708.535	1157/30.12.2019
2020	6	ALRO SA	Issuer	CONEF GAZ SRL	Common control	Acquisitions	Gas	2.759.104	668/27.05.2020
2020	6	ALRO SA	Issuer	CONEF GAZ SRL	Common control	Acquisitions	Gas	13.864	1157/30.12.2019
2020	7	ALRO SA	Issuer	CONEF GAZ SRL	Common control	Acquisitions	Gas	2.750.739	668/27.05.2020
2020	8	ALRO SA	Issuer	CONEF GAZ SRL	Common control	Acquisitions	Gas	2.770.774	668/27.05.2020
								43.556.790

Sales
Year	Month	Name	Nature of relationship	Name	Nature of relationship	Nature of transaction	Amount (RON)	N.R.U. number/ Date of contract
2019	9	ALRO SA	Issuer	CONEF GAZ SRL	Common control	Rent	12.364	1014/13.07.2018
2019	10	ALRO SA	Issuer	CONEF GAZ SRL	Common control	Rent	12.421	1014/13.07.2018
2019	11	ALRO SA	Issuer	CONEF GAZ SRL	Common control	Rent	12.438	1014/13.07.2018
2019	12	ALRO SA	Issuer	CONEF GAZ SRL	Common control	Rent	12.491	1014/13.07.2018
2020	1	ALRO SA	Issuer	CONEF GAZ SRL	Common control	Rent	12.495	1014/13.07.2018
2020	2	ALRO SA	Issuer	CONEF GAZ SRL	Common control	Rent	12.491	1014/13.07.2018
2020	3	ALRO SA	Issuer	CONEF GAZ SRL	Common control	Rent	12.582	1014/13.07.2018
2020	4	ALRO SA	Issuer	CONEF GAZ SRL	Common control	Rent	12.615	1014/13.07.2018
2020	5	ALRO SA	Issuer	CONEF GAZ SRL	Common control	Rent	12.659	1014/13.07.2018
2020	6	ALRO SA	Issuer	CONEF GAZ SRL	Common control	Rent	12.660	1014/13.07.2018
2020	7	ALRO SA	Issuer	CONEF GAZ SRL	Common control	Rent	12.659	762/01.07.2020
2020	8	ALRO SA	Issuer	CONEF GAZ SRL	Common control	Rent	12.631	762/01.07.2020

150.505

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
ALRO SA	Issuer	CONEF GAZ SRL	Company control	under	common	Acquisitions	Natural gases	1577/01.11.2018	The advance on the 5th of the delivery month, the regularization on the 15th of the month following the month of delivery
ALRO SA	Issuer	CONEF GAZ SRL	Company control	under	common	Acquisitions	Natural gases	990/17.10.2019	The advance on the 5th of the delivery month, the regularization on the 15th of the month following the month of delivery
ALRO SA	Issuer	CONEF GAZ SRL	Company control	under	common	Acquisitions	Natural gases	1157/30.12.2019	The advance on the 5th of the delivery month, the regularization on the 15th of the month following the month of delivery
ALRO SA	Issuer	CONEF GAZ SRL	Company control	under	common	Acquisitions	Natural gases	668/27.05.2020	The advance on the 5th of the delivery month, the regularization on the 15th of the month following the month of delivery

Sales

Name	Nature of relationship	Description of Client	Nature of relationship	Object of transaction	Contract number/ Date of contract	Payment term
ALRO SA	Issuer	CONEF GAZ SRL	Company under common control	Rents	1014/13.07.2018	Until the 10th of the next month
ALRO SA	Issuer	CONEF GAZ SRL	Company under common control	Rents	762/01.07.2020	Until the 10th of the next month

Anexa 3 – Raporting of the contract concluded on 1st October 2020 and of mutual debts and receivables (balances) as of 31 August 2020

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 debts (RON)	Created securities	Stipulated damages	Payment terms and conditions
1.	ALRO S.A. Conef Gaz S.R.L.	Issuer Company under joint control	1086/01.10.2020 Addendum no.23 to the natural gas sales contract no. 114/2010	Extending the contract validity until 30th September 2021, modifying the contract provisions (quantities setting up, legal damages for not-taken over quantities, invoicing method and terms, pricing, supplying schedule and technical parameters)	30,597,760	Receivable ALRO 54,215 Debts ALRO -	-	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 on the 24th (difference) day of the delivery month; For the settling invoice: on the 15th day of the month following the consumption month.