Alro S.A.

Major Shareholding Notification • May 5, 2021

Current Report

No. 34/05.05.2021

To: Financial Supervisory Authority Bucharest Stock Exchange

Current report prepared in compliance with the provisions of article 72 paragraph (6) of Law no. 24/2017 on the Issuers of Financial Instruments and Market Operations

Report date: May 5th, 2021 Name of issuer: ALRO S.A. Headquarters: Slatina,116 Pitesti Street, Olt County Telephone/ fax number: 0249 431901 / 0249 437500 Sole registration number with the Trade Register Office: RO 1515374 Trade Register Number: J28/8/1991 The European Unique Identifier (EUID): ROONRCJ28/8/1991 Legal Entity Identifier (LEI): 5493008G6W6SORM2JC98 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: Notification of exceeding 5% threshold

Considering the receipt of the notification submitted by NN Group N.V. Netherlands, registered with Alro S.A. under no. 2626/05.05.2021, we are hereby sending attached the current report drawn up in compliance with article 72 paragraph (6) of Law no. 24/2017 on the issuers of ofinancial instruments and market operations, to which the above-mentioned notification is annexed.

Chairman of the Board of Directors Marian Daniel Nastase

Managing Director Gheorghe Dobra

Alro S.A. 116 Pitesti Street 230048 Slatina, Romania

Phone +40 0249 431 901 +40 0249 434 302 Fax +40 0213 113 595 +40 0249 437 500 alro@alro.ro www.alro.ro

ALL O S.A. SLATINA Sur. Pries Tr. Nr. 118 INTRARE Nr. 2626 2004 LUNA 05 ZIVAOS

Standard form for notification of major holdings

Notification of major holdings (to be transmitted to the relevant issuer and to the competent authority)

(1. Identity of the issuer or issuer of existing supporting shares, to which voting rights are attached ' Alro S.A. (ISIN: ROALROACNORO)

1. Reasons for the notification (please tick the appropriate box or boxes:

[X] A purchase or disposal of voting rights

[_] Acquisition or disposal of financial instruments

[[_] An event changing the distribution of voting rights

[ ] Other (please specify)

1. Details of the subject of the notification obligation " :

|Name / Name: NN Group N.V. -

City and country of head office (if applicable) 52387534, Schenkkade 65, 2595 AS The Hague, the Netherlands,

1. Full name / full name of the shareholders (if different / different from point 3)"

2. · Fondul de Pensii Facultative NN ACTIV (administrat de către administratorul de fonduri de pensii p facultative NN Asigurări de Viață S.A.);

3. Fondul de Pensii Facultative NN OPTIM (administratorul de fonduri de fonduri de pensii facultative NN Asigurări de Viață S.A);
4. Fondul de Pensii Administrat Privat NN (administrat de către NN Pensii S.A.F.P.A.P. S.A);

5. · NN Investment Partners B.V .;

6. Date of lowering, reaching the threshold (percentage of vote)": 29/04/2021

7. Total positions of persons subject to the notification obligation::

	ర్థం of the voting rights attached to the shares (the total in 7.A)	% of voting rights through financial instruments (total of 7.B.1 + 7.B.2)	The total of the two expressed percentage 96 (7.A + 7.B)	The total number of voting rights of the issuer vi V
The resulting situation, on the day it fell below, exceeded or lreached the ithreshold	5,04%		5,04%	713.779.135
Position at previous notification date (if applicable)	N.A		N.A

7 . Information to be notified of the resulting situation, on the date when it was exceeded, fell below or reached the thresholdvii

A: Voting rights attached to the shares

		Number of voting rights"11	% of voting rights
Class / Type of shares ISIN code, as appropriate	Direct Art. 69 alin. (1)-(3) din Legea nr. 24/2017	Indirect Art. 70 din Legea nr. 24/2017	Direct Art. 69 alin. (1)-(3) din Legea nr. 24/2017	Indirect Art. 70 din Legea nr. 24/2017
ROALROACNORO		35.964.578		5,04%
SUBTOTAL A	35.964.578		5,04%

Type of financial instrument	Expiry dateix (due date )	Conversion / Exercise Period *			The number of voting rights that can be acquired if the instrument is exercised / converted	% of voting rights
		SUBTOTAL B. 1
B 2: Financial instruments with a similar economic effect according to art. 73 par. (1) lit. bJ Law no. 24/2017
Type of financial instrument	Expiry dateix (due date)	Period *	Conversion / Exercise Physical or cash settlement *		The number of voting rights	ల్లో of voting rights
			SUBTOTAL B.2

/8. Information about the subject of the notification obligation (please tick / tick the appropriate box) [ _ ] The subject of the notification obligation is not controlled by any natural person or legal entity and does not control any entity (entities) that directly or indirectly has exposure to the issuer of the underlying shares. xii

[ X ] The full chain of controlled people by virtue of which they actually hold voting rights and / or financial instruments, starting with the individual or the ultimate legal entity that controls them "":

Name **	% of the voting rights if it of voting rights through the threshold to be notified	% is equal to or higher than financial instruments if it is equal to or higher than the threshold to be notified	The total of the two, if it is equal to or higher than the threshold to be notified
1.NN Group N.V.
2.NN Insurance Eurasia N.V.
3.NN Continental Europe Holdings B.V.
4.NN Asigurari de Viata S.A.
5a.Fondul de Pensii iFacultative NN ACTIV (administrat de către administratorul de fonduri de pensii facultative NN Asigurări de Viaţă SA)
5b.Fondul de Pensii Facultative NN OPTIM (administrat de către administratorul de fonduri de pensii facultative NN Asigurări de Viaţă SA
1.NN Group N.V.

2.NN Insurance Eurasia N.V.
3.NN Continental Europe Holdings B.V.
4.NN Pensii S.A.F.P.A.P. S.A.
5.Fondul de Pensil Administrat Privat NN (administrat de către NN Pensii S.A.F.P.A.P. S.A.)
1.NN Group N.V.
2.NN Insurance Eurasia N.V.
6.NN Investment Partners Holdings N.V.
7.NN Investment Partners International Holdings B.V.
8.NN Investment Partners B.V.
	9. In the case of voting by a representative: [name / trustee's name] will cease to hold [% and number]
voting rights from [date]
10. Suplimentary information **- In Annot 1 an addibiano Commissional Chick bankson was been t

an additional Organisational Chart has been provided to suppport section 8.

Drafted at HAGA la 04/05/2021

Jemy Gopal Compliance Officer

Shreyak Shah

Compliance Officer

Alro SA Organogram NN Group N.V. 29-04-2021

Annex 1