Comelf S.A.

Related Party Transaction • Feb 8, 2023

To: Financial Supervisory Authority Bucharest Stock Exchange

CURRENT REPORT In accordance with Law no. 24/2017 republished and FSA Regulation no. 5/2018

Issued on: 02/08/2023 Name of the issuing company: COMELF SA Registered Office: no. 4, Industriei str., Bistrita, Bistrita-Năsăud County Phone/Fax: 0263234462 / 0263238092 CRO registration number: J06/2/1991 VAT code: 568656 Subscribed and paid-in share capital: 13,036,325.34 lei The regulated market on which it is traded: Bucharest Stock Exchange, standard category Market symbol: CMF

Important events to report:

The company COMELF SA announces to shareholders and investors that the transactions reported under Art. 108 of Law no. 24/2017 republished, which took place between our company and the affiliated parties, based on the contracts and their additional documents, for the period January 01, 2022 - December 31, 2022, fall into the category of ordinary transactions that take place between traders, this opinion is confirmed by the financial auditor, according to the attached report.

The company COMELF SA Bistrita announces to the shareholders and investors, the reporting of the transactions concluded by the issuer in the period 01.01.2022-31.12.2022, with the affiliated parties, quarterly and cumulatively, according to Art. 108 of Law no. 24/2017 republished, which fulfill the legal requirement and cumulatively lead to exceeding the threshold of 5% of the net assets of COMELF SA, according to the individual financial statements related to the year 2021, which are presented in the table below:

Item	Contracting parties	Contract	Contract object	Transaction value (lei)	Penalties / Liabilities	Payment deadline
1	Comelf SA (Seller) Uzinsider Techno SA (Buyer)	Commission contract 4/06.12.2002	Prospecting, Promotion, Sales, Foreign market mediation (GE client, power plant division)	3,655,533	Distinct, depending on the customer's order	+5 days beyond the collection deadline from the client (90- 120 days)
2	Comelf SA (Buyer) Uzinsider Techno SA (Seller)	Commission contract 4/06.12.2002	Prospecting, Promotion, Sales, Foreign market mediation (GE client, power plant division)	360.167	N/A	After collecting customer receivables for which the transaction materialized;
3	Comelf SA (Buyer) Uzinsider	Contract 19739/ 10.10. 2018	Acquisition of electricity	2,758,363	0.1% per day of delay	30 days from the invoice date

First quarter 2022

	General Contractor SA (Seller)
4	Comelf SA (Buyer)	Contract 15/31.12.200 7, AA 256/	Commercial, managerial consulting services		N/A	30 days from the invoice date
	Uzinsider SA (Seller)	May 30, 2016	in the HR and financial fields	204.288

2nd Quarter 2022

Item	Contracting	Contract	Contract object	Transaction	Penalties /	Payment
	parties			value (lei)	Liabilities	deadline
1	Comelf SA	Commission	Prospecting,	2,716,748	Distinct,	+5 days beyond
	(Seller)	contract	Promotion, Sales,		depending on the	the collection
		4/06.12.2002	Foreign market		customer's order	deadline from
	Uzinsider		mediation (GE			the client (90-
	Techno SA		client, power plant			120 days)
	(Buyer)		division)
2	Comelf SA	Commission	Prospecting,	245.044	N/A	After collecting
	(Buyer)	contract	Promotion, Sales,			customer
		4/06.12.2002	Foreign market			receivables for
	Uzinsider		mediation (GE			which the
	Techno SA		client, power plant			transaction
	(Seller)		division)			materialized;
3	Comelf SA	Contract	Acquisition of		0.1% per day of	30 days from the
	(Buyer)	19739/	electricity		delay	invoice date
		10.10.		2,194,158
	Uzinsider	2018
	General
	Contractor SA
	(Seller)
4	Comelf SA	Contract	Commercial,		N/A	30 days from the
	(Buyer)	15/31.12.200	managerial			invoice date
		7, AA 256/	consulting services
	Uzinsider SA	May 30,	in the HR and	204.288
	(Seller)	2016	financial fields

CUMULATIVE 1st SEMESTER

Item	Contracting parties	Contract	Contract object	Transaction value (lei)	Penalties/ Liabilities	Payment deadline
1	Comelf SA (Seller) Uzinsider Techno SA (Buyer)	Commission contract 4/06.12.2002	Prospecting, Promotion, Sales, Foreign market mediation (GE client, power plant division)	6,372,281	Distinct, depending on the customer's order	+5 days beyond the collection deadline from the client (90- 120 days)
2	Comelf SA (Buyer) Uzinsider Techno SA (Seller)	Commission contract 4/06.12.2002	Prospecting, Promotion, Sales, Foreign market mediation (GE client, power plant division)	605.211	N/A	After collecting customer receivables for which the transaction materialized;

3	Comelf SA	Contract	Acquisition of		0.1% per day of	30 days from the
	(Buyer)	19739/	electricity		delay	invoice date
		10.10.		4,952,521
	Uzinsider	2018
	General
	Contractor SA
	(Seller)
4	Comelf SA	Contract	Commercial,		N/A	30 days from the
	(Buyer)	15/31.12.200	managerial			invoice date
		7, AA 256/	consulting services
	Uzinsider SA	May 30,	in the HR and	408.576
	(Seller)	2016	financial fields

3rd QUARTER

Item	Contracting	Contract	Contract object	Transaction	Penalties/	Payment
	parties			value (lei)	Liabilities	deadline
1	Comelf SA	Commission	Prospecting,		Distinct,	+5 days beyond
	(Seller)	contract	Promotion, Sales,		depending on the	the collection
		4/06.12.2002	Foreign market		customer's order	deadline from
	Uzinsider		mediation (GE	4,847,114		the client (90-
	Techno SA		client, power plant			120 days)
	(Buyer)		division)
2	Comelf SA	Commission	Prospecting,		N/A	After collecting
	(Buyer)	contract	Promotion, Sales,			customer
		4/06.12.2002	Foreign market			receivables for
	Uzinsider		mediation (GE			which the
	Techno SA		client, power plant	270.325		transaction
	(Seller)		division)			materialized;
3	Comelf SA	Contract	Acquisition of		0.1% per day of	30 days from the
	(Buyer)	19739/	electricity		delay	invoice date
		10.10.		1,879,647
	Uzinsider	2018
	General
	Contractor SA
	(Seller)
4	Comelf SA	Contract	Commercial,		N/A	30 days from the
	(Buyer)	15/31.12.200	managerial			invoice date
		7, AA 256/	consulting services
	Uzinsider SA	May 30,	in the HR and	204.288
	(Seller)	2016	financial fields

4th QUARTER

Item	Contracting	Contract	Contract object	Transaction	Penalties /	Payment
	parties			value (lei)	Liabilities	deadline
1	Comelf SA	Commission	Prospecting,		Distinct,	+5 days beyond
	(Seller)	contract	Promotion, Sales,		depending on	the collection
		4/06.12.2002	Foreign market		the customer's	deadline from the
	Uzinsider		mediation (GE	5,400,354	order	client (90-120
	Techno SA		client, power plant			days)
	(Buyer)		division)

2	Comelf SA (Buyer) Uzinsider Techno SA (Seller)	Commission contract 4/06.12.2002	Prospecting, Promotion, Sales, Foreign market mediation (GE client, power plant division)	221.468	N/A	After collecting customer receivables for which the transaction materialized;
3	Comelf SA (Buyer) Uzinsider General Contractor SA (Seller)	Contract 19739/ 10.10. 2018	Acquisition of electricity	2,649,587	0.1% per day of delay	30 days from the invoice date
4	Comelf SA (Buyer) Uzinsider SA (Seller)	Contract 15/31.12.200 7, AA 256/ May 30, 2016	Commercial, managerial consulting services in the HR and financial fields	204.288	N/A	30 days from the invoice date

2nd SEMESTER CUMULATIVE

Item	Contracting	Contract	Contract object	Transaction	Penalties/	Payment
	parties			value (lei)	Liabilities	deadline
1	Comelf SA (Seller) Uzinsider Techno SA (Buyer)	Commission contract 4/06.12.2002	Prospecting, Promotion, Sales, Foreign market mediation (GE client, power plant division)	10,247,468	Distinct, depending on the customer's order	+5 days beyond the collection deadline from the client (90-120 days)
2	Comelf SA (Buyer) Uzinsider Techno SA (Seller)	Commission contract 4/06.12.2002	Prospecting, Promotion, Sales, Foreign market mediation (GE client, power plant division)	491.793	N/A	After collecting customer receivables for which the transaction materialized;
3	Comelf SA (Buyer) Uzinsider General Contractor SA (Seller)	Contract 19739/ 10.10. 2018	Acquisition of electricity	4529234	0.1% per day of delay	30 days from the invoice date
4	Comelf SA (Buyer) Uzinsider SA (Seller)	Contract 15/31.12.200 7, AA 256/ May 30, 2016	Commercial, managerial consulting services in the HR and financial fields	408.576	N/A	30 days from the invoice date

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