Alro S.A.

Related Party Transaction • Dec 17, 2020

No: 65/ 17.12.2020

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: December 17 th, 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 Tier 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 VIMETCO EXTRUSION S.R.L. (member of Alro Group registered with the Financial Supervisory Authority), on the date of December 17 th 2020, a new transaction, based on contract for metal scrap procurement, whose value cumulated 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 2019, in amount of RON 37,077,541.

Details regarding the transactions concluded on December 17 th 2020 by ALRO S.A., as buyer, with VIMETCO EXTRUSION S.R.L., as seller, containing information on the transaction 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 transaction concluded on December 17 th 2020 and of mutual receivables and debts (balances) as of 30 November 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 receivables and debts (RON)	Created securities	Payment terms and conditions
1.	ALRO S.A. VIMETCO EXTRUSION S.R.L.	Issuer Subsidiary	1425/ 17.12.2020 Addendum no.7 of aluminium scrap purchase agreement no. 4600008580/2013	The acquisition of 355,900 kg +/- 10% of estimated aluminium scrap during December 2020 - December 2021 and changing of pricing formula: 73% of the average LME of the week before delivery	1,867,623*	Receivables ALRO S.A. 27,848,720 Debts ALRO S.A. 534,047	-	90 days from invoice issuance date

Note: * for the period January – December 2021 the estimated value is in accordance with the draft budget for 2021, existing at the current date.