Alro S.A.

Related Party Transaction • Dec 11, 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: December 11 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 Tier 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 December 11 th , 2023 with the company VIMETCO MANAGEMENT ROMANIA S.R.L. one new transaction whose value cumulated with the other transactions concluded/carried out within the last 12 months, cumulatively exceed 5% of the Company's net assets as per ALRO S.A. Standalone Financial Statements related to the first 6 months of 2023, amounting to RON 63,083,755.

• Transactions of ALRO S.A. with VIMETCO MANAGEMENT ROMANIA S.R.L., carried out during the period November 1 st – 30 th , 2023 in total amount of RON 5,327,426.
• Details on the transaction concluded on December 11 th , 2023 by ALRO S.A. as Buyer, with the company VIMETCO MANAGEMENT ROMANIA S.R.L., as Seller, in estimated amount of RON 329,106,336.

Details have been enclosed to this Report, as follows:

• Annex 1 Reporting of transactions carried out during the period November 1st 30th , 2023;
• Annex 2 Reporting of contracts related to the transactions in Annex 1;
• Annex 3 Reporting of transaction concluded on December 11 th, 2023 and of mutual debts and receivables balances as of November 30 th , 2023.

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 transactions carried out during the period November 1 st - 30 th , 2023

Acquisitions

Company				Related party
Year	Month	Name	Nature of relationship	Name	Nature of relationship	Nature of transaction	Object of transaction	Amount (RON)	N.R.U. number/ Date of contract
2023	11	ALRO S.A	Issuer	VIMETCO MANAGEMENT ROMANIA SRL	Affiliated	Acquisitions	Consultancy	2,177,000	1226/15.11.2023
2023	11	ALRO S.A	Issuer	VIMETCO MANAGEMENT ROMANIA SRL	Affiliated	Acquisitions	Gas	3,078,300	1133/25.10.2023
2023	11	ALRO S.A	Issuer	VIMETCO MANAGEMENT ROMANIA SRL	Affiliated	Acquisitions	Reinvoicing services	44,276	no contract
							Total	5,299,576

Sales

		Company		Related party
Year	Month	Name	Nature of relationship	VIMETCO MANAGEMENT ROMANIA SRL	Nature of relationship	Nature of transaction	Object of transaction	Amount (RON)	N.R.U. number/ Date of contract
2023	11	ALRO S.A.	Issuer	VIMETCO MANAGEMENT ROMANIA SRL	Affiliated	Sales	Reinvoicing services	10,353	no contract
2023	11	ALRO S.A.	Issuer	VIMETCO MANAGEMENT ROMANIA SRL	Affiliated	Sales	Gas distribution	17,497	1096/13.10.2023
							Total	27,850

Annex 2 - Reporting of the contracts related to the transactions included in the Annex 1;

Acquisition contracts

Name	Nature of	Name	Nature of	Nature of	Object of	N.R.U number/ Date	Payment term
	relationship		relationship	transaction	transaction	of contract
ALRO S.A.	Issuer	VIMETCO MANAGEMENT	Affiliated	Acquisitions	Consultancy	1226/15.11.2023	Maximum 5 days from the beginning of each
		ROMANIA SRL					month
ALRO S.A.	Issuer	VIMETCO MANAGEMENT	Affiliated	Acquisitions	Gas	1133/25.10.2023	Advance invoice will be paid in 5 working days
		ROMANIA SRL					from the invoice date
							th of Regularization invoice will be paid on 25
							the month following the delivery month

Sales contracts

Name	Nature of relationship	Name	Nature of relationship	Nature of transaction	Object of transaction	N.R.U number/ Date of contract	Payment term
ALRO S.A.	Issuer	VIMETCO MANAGEMENT ROMANIA SRL	Affiliated	Sales	Gas distribution	1096/13.10.2023	5 days from the invoice date

Annex 3 - Reporting of transaction concluded on December 11 th , 2023 and of mutual debts and receivables balances as of November 30 th , 2023

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)	Penalties	Payment terms and conditions
1.	ALRO S.A. VIMETCO MANAGEMENT ROMANIA S.R.L.	Issuer Affiliated	1300/11.2.2023 Addendum no. 1 of the electricity supply contract no. 47/09.11.2023	The decrease in electricity quantity that will be supplied in the period 01.01.2024 – 31.12.2024	329,106,336*	Receivables ALRO S.A. 7,654,252 Debts ALRO S.A. 3,419,588	0.02% for each day of delay	3 days from delivery date

*this value was included in Current Report no. 89 from November 10th, 2023