Alro S.A.

Related Party Transaction • Aug 12, 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: August 12 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 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. carried out during the period July 1 st - 31 st , 2022, with the company ALUM S.A. Tulcea (member of Alro Group registered with the Financial Supervisory Authority), the following transactions that exceed 5% of the Company's net assets as per ALRO S.A. Standalone Financial Statements related to the first 6 months of 2022, amounting to RON 53,695,300, as follows:

▪ Transactions of ALRO S.A. with ALUM S.A. Tulcea, carried out during the period July 1st - 31st, 2022, in total amount of RON 66,300,197.

Details have been enclosed to this Report, as follows:

• Annex 1 Reporting of transactions carried out during the period July 1st - 31 st, 2022;
• Annex 2 Reporting of contracts related to the transactions in Annex 1;
• Annex 3 Reporting of mutual debts and receivables balances as of July 31st, 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 transactions carried out during the period July 1st - 31st, 2022

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
2022	7	ALRO S.A.	Issuer	Alum S.A.	Subsidiary	Acquisitions	Alumina	60,750,682	135/ 21.01.2022
2022	7	ALRO S.A.	Issuer	Alum S.A.	Subsidiary	Acquisitions	Rent	4,293	526/ 13.05.2010

Total

60,754,975

Sales

		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
2022	7	ALRO S.A.	Issuer	Alum S.A.	Subsidiary	Sales	Electricity	5,463,452	724/ 15.06.2022
2022	7	ALRO S.A.	Issuer	Alum S.A.	Subsidiary	Sales	Services	56,595	1294/ 07.09.2018
2022	7	ALRO S.A.	Issuer	Alum S.A.	Subsidiary	Sales	Reinvoicing goods	11,358	191/ 18.04.2011
2022	7	ALRO S.A.	Issuer	Alum S.A.	Subsidiary	Sales	Rent	2,347	1653/ 23.12.2021
2022	7	ALRO S.A.	Issuer	Alum S.A.	Subsidiary	Sales	Reinvoicing services	11,470	no contract

Total 5,545,222

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

Acquisition contracts

Name	Nature of relationship	Name	Nature of relationship	Nature of relationship	Object of transaction	N.R.U. number/ Date of contract	Payment term
ALRO S.A.	Issuer	ALUM S.A.	Subsidiary	Acquisitions	Alumina	135/ 21.01.2022	30 days from the delivery or payment in advance based on the seller's request and buyer's acceptance
ALRO S.A.	Issuer	ALUM S.A.	Subsidiary	Acquisitions	Rent	526/ 13.05.2010	60 days from the invoice issuing date

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	ALUM S.A.	Subsidiary	Sales	Reinvoicing goods	191/ 18.04.2011	30 days from invoicing date
ALRO S.A.	Issuer	ALUM S.A.	Subsidiary	Sales	Services	1294/ 07.09.2018	30 days from the date of receiving the invoice
ALRO S.A.	Issuer	ALUM S.A.	Subsidiary	Sales	Electricity	724/ 15.06.2022	15 calendar days from the invoice issuing date
ALRO S.A.	Issuer	ALUM S.A.	Subsidiary	Sales	Rent	1653/ 23.12.2021	Until the 10 of the following month

Annex 3 - Reporting of mutual debts and receivables balances as of July 31 st, 2022

	Company		Related party	st, 2022 Balance as of July 31 (RON)
Name Nature of relationship		Name	Nature of relationship	Receivables	Liability
ALRO S.A.	Issuer	ALUM S.A.	Subsidiary	1,464,352	10,217,230