Alro S.A.

Earnings Release • Apr 19, 2024

No. 25/19.04.2024

To: Financial Supervisory Authority Bucharest Stock Exchange

Current report in compliance with the stipulations of the Law no. 24/2017 (republished) and of the FSA Regulation no. 5/2018 (subsequently amended and updated) regarding the Issuers of financial instruments and market operations

Date of report: 19 April 2024 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)

We hereby inform all persons who may be interested about the following important event to be reported:

ALRO Group publishes its Trading Update Q1 2024

Slatina, 19 April 2024 – ALRO S.A. (BSE: ALR, "the Company" or "ALRO"), one of the largest vertically integrated aluminium producers in Europe, measured by production capacity, publishes today the Trading Update Report for Q1 2024 which provides basic preparatory information on the economic environment of ALRO Group's key performance indicators for the quarter that ended on 31 March 2024 ("Q1 2024").

The Quarterly Report for the first quarter of 2024, respectively for the period January 1 - March 31, 2024, will be published on Tuesday, May 14, 2024, and the Company's representatives will hold the Teleconference regarding the financial results on Thursday, May 16, 2024.

The information contained in this trading update may be subject to change and may differ from the numbers of the quarterly/ half-year/ annual report.

The Trading Update Q1 2024 Report is available in a separate document on the Company website, Investor Relations category, Reports section: https://www.alro.ro/en/reports:

Marian-Daniel NĂSTASE Gheorghe DOBRA

Chairman of the Board of Directors Chief Executive Officer

ALRO S.A. 116 Pitesti Street Phone: +(40) 249 431 901 alro@alro.ro

For further information, please contact:

Florenta Ghita

Bucuresti

Phone: +40 744 644 004

E-mail: investor.relations@alro.ro

Notes to the Editor:

ALRO Group

The companies' part of ALRO Group are: ALRO S.A. – manufacturer of aluminium, ALUM S.A. – producer of alumina, Vimetco Extrusion S.R.L. – extrusion business line, Conef S.A. – holding and management company, Vimetco Trading – aluminium sales and CCGT- Power Isalnita - associate.

ALRO

ALRO is a subsidiary of Vimetco PLC (Republic of Cyprus), a global, vertically-integrated primary and processed aluminium producer. The structure of ALRO shareholders is: Vimetco PLC (54.19%), Paval Holding (23.21%), Fondul Proprietatea (10.21%) and others (12.39%).

ALRO is one of the largest vertically integrated aluminium producers in Europe, by production capacity, with a production capacity of 265,000 tpa of electrolytic aluminium, an Eco-Recycling capacity 100,000 tpa, resulting in a production of recycled liquid aluminium of 94,000 tpa. The capacity of the Aluminium Cast House is 315,000 tpa and the processing capacity is 140,000 tpa of cold and hot rolled facilities and extrusion division.

The main market for ALRO products is represented by the European Union; the Company exports its products to the USA and to the Asia as well. ALRO is ISO 9001 certified for quality management and has NADCAP and EN 9100 certificates for aerospace production organizations, ALRO products adhere to the quality standards for primary aluminium on the LME, as well as international standards for flat rolled products.

Since 2020, ALRO and Vimetco Extrusion have been members of ASI (Aluminium Stewardship Initiative), an international association that contributes to enhancing sustainability in the global aluminium sector. In 2023, ALRO and Vimetco Extrusion achieved the first certification in Europe under ASI's Third version of Performance Standards.

ALRO GROUP Q1/2024 Trading Update 19 April 2024

This Trading Update provides basic preparatory information on the economic environment of ALRO Group's key performance indicators for the quarter that ended on 31 March 2024 ("Q1 2024").

The Quarterly Report for the first quarter of 2024 i.e. 1 January - 31 March 2024 ("Quarter I 2024") will be published on Tuesday, 14 May 2024, and the Company's representatives will hold the Financial Results Conference Call on Thursday, 16 May 2024.

The information contained in this trading update may be subject to change and may differ from the numbers of the quarterly/ half-year/ annual report.

Economic Environment Indicators

Indicator		Q1/23	Q2/23	Q3/23	Q4/23	Q1/24
Average LME 3M	USD/tonne	2,435	2,281	2,200	2,224	2,241
Exchange rate used (average) Exchange rate used (end of period) EUA forward price (average) EUA spot price (average)	RON/USD RON/USD EUR EUR	4.5848 4.5463 - 86.97	4.5451 4.5750 - 86.42	4.5481 4.6864 - 84.39	4.6259 4.4958 83.58 76.14	4.5827 4.6078 - 59.60

* EUA = European Union Allowance and means a transferable allowance to emit one tonne of CO ² equivalent during a specified period.

EUA forward price means the simple average of the daily one-year forward EUA prices (closing offer prices) for delivery in December of the year for which the compensation is granted, as observed in a given EU carbon exchange from 1 January to 31 December of the year preceding the year for which the compensation is granted. The price quoted in Q4 is the one taken into consideration for calculating the indirect emissions compensation for the respective reporting year.

Sources: Bloomberg, Reuters, Platts, NBR

Other information

Production		Q1/23	Q2/23	Q3/23	Q4/23	Q1/24
Liquid aluminium	tonnes	6,579	11,287	11,811	12,936	18,031
Electrolytic aluminium	tonnes	15,510	16,586	16,573	16,369	16,507
Primary aluminium	tonnes	43,531	52,101	49,775	51,031	57,281
Wire rod	tonnes	8,265	10,224	11,930	12,925	13,143
Billets	tonnes	9,975	11,983	12,217	9,048	7,909
Slabs	tonnes	21,316	26,844	22,529	26,343	33,540
Wire rod (processing)*	tonnes	1,499	-	-	-	-
Billets (processing)*	tonnes	2,476	3,050	3,099	2,715	2,689
Processed aluminium:	tonnes	22,286	24,454	23,605	22,213	29,465
- Flat-Rolled Products (FRP)	tonnes	13,722	14,893	14,566	14,853	21,466
Plates	tonnes	9,188	9,835	10,530	10,461	14,160
Sheets	tonnes	1,919	2,882	2,035	2,389	4,596
Coils	tonnes	2,615	2,176	2,001	2,003	2,710
- Extruded Products (VE)	tonnes	8,564	9,561	9,039	7,360	7,999
Standard profiles	tonnes	3,499	4,621	4,878	4,542	4,781
Customised profiles	tonnes	5,065	4,940	4,161	2,818	3,218
Alumina	tonnes	-	-	-	-	-
Bauxite	tonnes	155,144	335,654	200,671	-	-

Sales (to 3rd parties)		Q1/23	Q2/23	Q3/23	Q4/23	Q1/24
Primary aluminium	tonnes	17,068	16,491	16,642	14,541	19,280
Wire rod	tonnes	8,973	10,346	11,991	11,357	14,416
Billets	tonnes	5,883	4,774	3,318	1,854	3,570
Slabs	tonnes	150	490	390	592	596
Wire rod (processing)*	tonnes	1,499	-	-	-	-
Billets (processing)*	tonnes	563	881	943	738	698
Processed aluminium	tonnes	22,634	24,444	23,119	21,663	29,740
- Flat-Rolled Products (FRP)	tonnes	14,203	15,118	13,948	14,706	21,578
Plates	tonnes	10,319	9,825	10,034	10,456	14,586
Sheets	tonnes	1,530	2,924	1,964	2,342	4,231
Coils	tonnes	2,354	2,369	1,950	1,908	2,761
- Extruded Products (VE)	tonnes	8,431	9,326	9,171	6,957	8,162
Standard profiles	tonnes	3,575	4,471	5,043	4,377	4,823
Customised profiles	tonnes	4,856	4,855	4,128	2,580	3,339
Alumina	tonnes	612	863	1,330	1,398	1,319
Bauxite	tonnes	206,345	276,937	218,975	-	-

*ALRO Group entered into tolling contracts with a few clients and agreed to process the metal brought in by these clients by charging a smelting and processing fee and rendering them back a specifically ordered product.

Contact Details

For further information, please contact:

Florenta Ghita, Bucharest Tel.: +40 744 644 004 E-Mail: investor.relations@alro.ro

Disclaimer regarding forward looking statements

This report may contain forward-looking information, including, without limitation, those relating to (a) forecasts, projections, and estimates, (b) statements of management's plans, objectives, and strategies for ALRO Group/ ALRO, such as planned expansions, investments or other projects, (c) targeted production volumes and costs, capacities or rates, start-up costs, cost reductions, and profit objectives, (d) different expectations about future developments in ALRO Group's/ ALRO's markets, particularly prices, supply and demand and competition, (e) results of operations, (f) margins, (g) growth rates, (h) risk management, as well as (i) statements preceded by "expected", "scheduled", "targeted", "planned", "proposed", "intended" or similar statements. Although we believe that the expectations reflected in such forward-looking statements are reasonable, these forward-looking statements are based on several assumptions and forecasts that, by their nature, involve risk and uncertainty. Various factors could cause our actual results to differ materially from those projected in a forward-looking statement or affect the extent to which a particular projection is realized. We can give no assurance that such expectations will prove to have been correct.

ALRO Group/ ALRO disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.