Alro S.A.

Related Party Transaction • Jan 18, 2021

No: 2/ 18.01.2021

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: January 18 th, 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. 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 January 18 th , 2021, new transactions, based on contracts for services and billets sales, 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 for the year 2019, in amount of RON 37,077,541.

Details regarding the transactions concluded January 18 th , 2021 by ALRO S.A. with VIMETCO EXTRUSION S.R.L., containing information on the transactions 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 January 18 th 2021 and of mutual receivables and debts (balances) as of 31 December 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	101 /18.01.2021 Addendum no.14 to the service contract no. E 1153 bis/2006	Extending the validity of contract until the date of 31.12.2021 and establishing the processing price	8,380,303	Receivables ALRO S.A. 28,156,010 Debts ALRO S.A. 509,236	-	With payment order within 30 days from invoice issue date
2.	ALRO S.A. VIMETCO EXTRUSION S.R.L.	Issuer Subsidiary	P011821-414/18.01.2021 Addendum no.1 to the sale-purchase contract no. I 3311 /2021(P120820- 265 /08.12.2020)	The delivery of 6,391 tonnes +/- 5% of aluminium billets, alloys 6060/6063/6005 si 6082F during period January - March 2021, establishing the premium sales	59,477,781*	Receivables ALRO S.A. 28,156,010 Debts ALRO S.A. 509,236	-	Maximum 45 days from delivery

*this estimated value is found in the value of the framework contract reported on 08.12.2020