Alro S.A.

Related Party Transaction • May 25, 2023

No. 49/25.05.2023

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: May 25 th , 2023 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 May 25 th , 2023 with the company CONEF GAZ SRL, company under joint control, one new transaction, 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 of 2022, in amount of RON 70,644,348.

Details regarding the transaction concluded on May 25 th , 2023 by ALRO S.A., as Buyer with the company CONEF GAZ SRL, 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.

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

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 debts (RON)	Created securities	Stipulated damages	Payment terms and conditions
1.	ALRO S.A. CONEF GAZ S.R.L.	Issuer Company under joint control	660/25.05.2023 Payment Agreement	Agreement related to the partially payment for the invoices issued by Conef Gaz SRL to Alro SA, according to the contract no 114/2010, related to the period st th of April 1 - 30 , 2023, to the account of the company Conef Energy SRL	1,500,000*	Receivable ALRO 201,426 Debts ALRO 33,732,675	-	-	-

Annex 1 – Reporting of the transaction concluded on May 25 th , 2023 and of mutual debts and receivables (balances) as of April 30 th , 2023

*The amount of RON 1,500,000 including VAT, respectively RON 1,260,504 without VAT, represents the partially value of gas purchase invoices, according to the contract no 114/2010, related to the period of April 1 st – 30 st, 2023,