Alro S.A.

M&A Activity • Nov 14, 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: November 14th , 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 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 November 14th , 2022 with the company CONEF GAZ SRL, company under joint control, one new transaction based on the gas purchase contract, 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 first 6 months of 2022, in amount of RON 53,695,300.

Details regarding the transaction concluded on November 14th , 2022 by ALRO S.A., as Buyer with the company CONEF GAZ SRL, as Seller, containing information on the transactions, 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 relationshi p	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	1064/14.11.2022 Addendum no.37 to the natural gas sales contract no. 114/2010	Setting up the gas delivery schedule for the month of November 2022.	11,062,692*	Receivable ALRO 7,379,371 Debts ALRO 8,650,137	-	For the daily quantities taken under the assigned quantities, the seller will charge penalties for that imbalance.	For the advance invoice: 50% of the invoice value on the 25th day of the month before the delivery month and the remaining payment (difference) on the 5th day of the delivery month; For the settling invoice: th day of the up to 25 month following the consumption month.

Annex 1 – Reporting of the transaction concluded on November 14th , 2022 and of mutual debts and receivables (balances) as of October 31 st , 2022

*this estimated value was included in the Current Report no. 70, on the date of September 26th, 2022