Alro S.A.

Related Party Transaction • Dec 30, 2020

No: 69/ 30.12.2020

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 30th, 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 30th 2020, a new transaction, based on contract for electricity sales, 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 transaction concluded on December 30th 2020 by ALRO S.A., as seller, with VIMETCO EXTRUSION S.R.L., as buyer, 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 30th 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	1476/ 30.12.2020 Addendum no.12 to contract no.01/2007 for electricity sales	Extending the contract period up to December 31st, 2021, setting up the contract price and the estimated quantity:	3,514,556*	Receivables ALRO S.A. 27,848,720 Debts ALRO S.A. 534,047	-	-- the first business day of the supply month, an advance invoice with a value corresponding to 25% of the amount of the electric power to be traded in a supply month shall be issued; the invoice shall be due within 7 calendar days from issuance; - the settlement invoice shall be issued for the amount of electricity related to the supply month, as determined according to the metering data, to which the related taxes and fees shall be added, as per the applicable legislation; the value invoiced in advance shall be correspondingly subtracted from such value. The settlement invoice shall be issued within maximum 4 business days, calculated from the last calendar day of
								each month of supply, starting from the first business day that follows the signing date of Protocol establishing the metering data, the invoice shall be due within 15 calendar days from issuance

Note: the estimated value of the contract resulted based on the data held on 23.12.2020