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Alro S.A.

Related Party Transaction Jul 31, 2023

2283_rns_2023-07-31_99b57c1d-71fe-47e4-b2d2-9ba1a8db1c17.pdf

Related Party Transaction

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No. 65/31.07.2023

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: July 31st , 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 July 31st , 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 July 31st , 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
864/31.07.2023
Payment
Agreement
Agreement
related
to
the
payment for the invoices issued
by Conef Gaz SRL to Alro SA,
according to the contract no
114/2010, related to the period
st –
June 30th
of May
1
,2023, to
the account of the company
Imex
Oil
Limited
Nicosia
Bucharest Branch
14,739,820* Receivable
ALRO
0
Debts ALRO
14,739,820
- - -

Annex 1 – Reporting of the transaction concluded on July 31st , 2023 and of mutual debts and receivables (balances) as of June 30 th , 2023

*The amount of RON 14,739,820 represents the value of gas purchase invoices, according to the contract no 114/2010, related to the period of May 1 st – June 30th , 2023, as follows:

  • RON 8,788,980 including VAT (respectively RON 7,385,697 without VAT) and RON 7,166 including VAT (respectively RON 6,022 without VAT) representing gas purchase invoices for May 2023,

  • RON 5,941,146 including VAT (respectively RON 4,992,560 without VAT) and RON 2,528 including VAT (respectively RON 2,124 without VAT) representing gas purchase invoices for June 2023.

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