Alro S.A.

Related Party Transaction • Sep 26, 2022

No.70/26.09.2022

To: The Financial Supervisory Authority Bucharest Stock Exchange

Current report in compliance with article no. 108 of Law no. 24/2017 on issuers of financial instruments and market operations - Republished

Date of report: September 26 th , 2022 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. 108 paragraph 3 and paragraph 13 of Law no. 24/2017 – Republished

Please be informed by the present Current Report, that ALRO S.A. concluded on the date of September 26 th , 2022 with the company CONEF GAZ SRL, company under joint control, two new transactions whose values cumulated with the other transactions concluded/ carried out during the period July 1 st, 2022 - August 31 st, 2022, cumulatively exceeds 5% of the Company's net assets, as per ALRO S.A. Standalone Financial Statements for the first 6 months of 2022, in amount of RON 53,695,300, as follows:

• Transactions of ALRO S.A. with CONEF GAZ SRL concluded/carried out during the period July 1 st, 2022 - August 31 st , 2022 in total amount of RON 28,750,947.
• Details on the transactions concluded on September 26 th , 2022 by ALRO S.A., as Buyer/Operator with the company CONEF GAZ SRL, as Seller/User, in estimated amount of RON 131,854,499.

Details have been enclosed to this Report, as follows:

• Annex 1 Reporting of concluded/carried out transactions during the period July 1 st, 2022 - August 31 st, 2022;
• Annex 2 Reporting of contracts related to the transactions in Annex 1

• Annex 3 - Reporting of contract concluded on September 26 th, 2022 and of mutual debts and receivables (balances) as of August 31 st, 2022.

The Company management declares that the management has assessed the reported transactions as being economically correct and justified.

Chairman of the Board of Directors Chief Executive Officer Marian Daniel Nastase Gheorghe Dobra

Annex 1 - Reporting of concluded/carried out transactions during the period July 1st, 2022 - August 31st, 2022

Acquisitions

Year	Months	Name	Nature of relationship	Name	Nature of relationship	Nature of transaction	Object of transaction	Amount (RON)	N.R.U. number/ Date of contract
2022	7	ALRO SA	Issuer	CONEF GAZ SRL	Common control	Acquisitions	Gas	9,966,026	772/30.06.2022
2022	8	ALRO SA	Issuer	CONEF GAZ SRL	Common control	Acquisitions	Gas	18,700,195	821/28.07.2022
						Total		28,666,221

Sales

Year	Month	Name	Nature of relationship	Name	Nature of relationship	Nature of transaction	Amount (RON)	N.R.U. number/ Date of contract
2022	7	ALRO SA	Issuer	CONEF GAZ SRL	Common control	Rent	12,019	1295/13.11.2020
2022	7	ALRO SA	Issuer	CONEF GAZ SRL	Common control	Gas distribution services	33,663	1334/15.10.2021
2022	8	ALRO SA	Issuer	CONEF GAZ SRL	Common control	Rent	11,994	1295/13.11.2020
2022	8	ALRO SA	Issuer	CONEF GAZ SRL	Common control	Gas distribution services	27,050	959/26.09.2022

Total 84,726

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 under common control	Acquisitions	Natural gases	772/30.06.2022	For the advance invoice: 50% of the invoice value on the 25th day of the month before the delivery month and the remaining payment (difference) on the th day of the 5 delivery month; th day of For the settling invoice: up to 25 the month following the consumption month.
ALRO SA	Issuer	CONEF GAZ SRL	Company under common control	Acquisitions	Natural gases	821/28.07.2022	For the advance invoice: 50% of the invoice value on the 25th day of the month before the delivery month and the remaining payment (difference) on the th day of the delivery month; 5 th day of For the settling invoice: up to 25 the month following the consumption month.

Sales Name	Nature of	Description of Client	Nature of relationship			Object of transaction	Contract number/	Payment term
	relationship						Date of contract
ALRO SA	Issuer	CONEF GAZ SRL	Company control	under	common	Rents	1295/13.11.2020	Until the 10th of the next month
ALRO SA	Issuer	CONEF GAZ SRL	Company control	under	common	Gas distribution services	1334/15.10.2021	5 days from the invoice date
ALRO SA	Issuer	CONEF GAZ SRL	Company control	under	common	Gas distribution services	959/26.09.2022	5 days from the invoice date

No.	Parties having concluded the legal document	Nature of the relationshi p	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. (OPERATOR) CONEF GAZ S.R.L. (USER)	Issuer Company under joint control	959/26.09.2022 Addendum no.1 to gas distribution services contract no. 40005239/30.07.2 021	Extending the contract validity until August 1st, 2023; establishing the distribution plan and the quantity of natural gas for the period August 1st, 2022 - st, 2023. July 31	447,011	Receivable ALRO 23,295,561 Debts ALRO 24,269,583	Without any guarantees originally; the parties may agree to establish a security representing the value of the distribution services provided during a period of two months	-	Payment is made within 5 days from the invoice date
2.	ALRO S.A. (BUYER) CONEF GAZ S.R.L. (SELLER)	Issuer Company under joint control	960/26.09.2022 Addendum no.36 to the natural gas sales contract no. 114/2010	Extending the delivery period until 31st, 2022 December and setting up the gas delivery schedule for the month of October 2022.	131,407,488	Receivable ALRO 23,295,561 Debts ALRO 24,269,583	-	For the daily quantities taken under the assigned quantities, the seller will charge penalties for that imbalance.	For the advance invoice: 50% of the invoice value on the 25th day of the month before the delivery month and the remaining payment (difference) on the 5th day of the delivery month; For the settling invoice: th day of the up to 25 month following the consumption month.

Annex 3 – Reporting of the transactions concluded on September 26 th , 2022 and of mutual debts and receivables (balances) as of August 31 st , 2022