Alro S.A.

Related Party Transaction • Nov 17, 2020

No: 60/17.11. 2020

To: The Financial Supervisory Authority Bucharest Stock Exchange

Current report in compliance with article no. 92³ of Law no. 24/2017 on issuers of financial instruments and market operations and Law no. 158/2020 for the amendment, supplementation and repealing of certain normative acts, as well as for setting up measures for the implementation of Regulation (EU) 2017/2402 of the European Parliament and of the Council of 12 December 2017, establishing a general framework for securitization and creating a specific framework for a simple, transparent and standardized securitization and amending Directives 2009/65/EC, 2009/138/EC and 2011/61/EU, as well as Regulations (EC) no. 1.060/2009 and (EU) no. 648/2012.

Date of report: November 17 th , 2020 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. 92³paragraph 3 and paragraph 13 of Law no. 24/2017 as amended and supplemented by Law no. 158/2020

Please be informed by the present Current Report, that ALRO S.A. carried out, during the period 1st September – 31st October 2020, with the company VIMETCO EXTRUSION S.R.L. (member of Alro Group registered with the Financial Supervisory Authority), the following transactions that, cumulatively exceed 5% of the Company's net assets as per ALRO S.A. 2019 Standalone Financial Statements, amounting to RON 37,077,541, as follows:

▪ Transactions of ALRO S.A. with VIMETCO EXTRUSION S.R.L., carried out, during the period 1st September – 31st October 2020, in total amount of RON 37,773,295 RON.

Details have been enclosed to this Report, as follows:

• Annex 1 Reporting of transactions carried out during the period 1st September 31st October 2020;
• Annex 2 Reporting of contracts related to the transactions in Annex 1;
• Annex 3 Reporting of mutual debts and receivables balances as of 31 October 2020.

Chairman of the Board of Directors Chief Executive Officer Marian Daniel Nastase Gheorghe Dobra

Annex 1 - Reporting of transactions carried out during the period 1st September 2020 – 31st October 2020

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
2020	9	ALRO S.A.	Issuer	VIMETCO EXTRUSION S.R.L.	Subsidiary	Acquisitions	Aluminium scrap	156,155	424/ 06.03.2020
2020	9	ALRO S.A.	Issuer	VIMETCO EXTRUSION S.R.L.	Subsidiary	Acquisitions	Rent	17,441	1029/ 07.11.2019
2020	10	ALRO S.A.	Issuer	VIMETCO EXTRUSION S.R.L.	Subsidiary	Acquisitions	Aluminium scrap	149,739	424/ 06.03.2020
2020	10	ALRO S.A.	Issuer	VIMETCO EXTRUSION S.R.L.	Subsidiary	Acquisitions	Rent	17,441	1029/ 07.11.2019
Total								340,776

Sales

	Company		Related party
Year	Month	Name	Nature of relation ship	Name	Nature of relationship	Nature of transaction	Object of transaction	Amount (RON)	N.R.U. number/ Date of contract
2020	9	ALRO S.A.	Issuer	VIMETCO EXTRUSION S.R.L.	Subsidiary	Sales	Finished products	17,262,052	P 072320-226
2020	9	ALRO S.A.	Issuer	VIMETCO EXTRUSION S.R.L.	Subsidiary	Sales	Rent	72,937	229/ 09.02.2016
2020	9	ALRO S.A.	Issuer	VIMETCO EXTRUSION S.R.L.	Subsidiary	Sales	Utilities	15,912	263/ 12.02.2020
2020	9	ALRO S.A.	Issuer	VIMETCO EXTRUSION S.R.L.	Subsidiary	Sales	Electricity	316,805	788/ 21.07.2020
2020	9	ALRO S.A.	Issuer	VIMETCO EXTRUSION S.R.L.	Subsidiary	Sales	Finished products processing	679,455	191/ 31.01.2020
2020	9	ALRO S.A.	Issuer	VIMETCO EXTRUSION S.R.L.	Subsidiary	Sales	Services	462	no contract
2020	9	ALRO S.A.	Issuer	VIMETCO EXTRUSION S.R.L.	Subsidiary	Sales	Utilities	1,762	262/ 12.02.2020
2020	9	ALRO S.A.	Issuer	VIMETCO EXTRUSION S.R.L.	Subsidiary	Sales	Services	123,865	261/ 12.02.2020
2020	9	ALRO S.A.	Issuer	VIMETCO EXTRUSION S.R.L.	Subsidiary	Sales	Rent	383	1066/ 27.11.2019
2020	9	ALRO S.A.	Issuer	VIMETCO EXTRUSION S.R.L.	Subsidiary	Sales	Services	56,100	264/ 12.02.2020
2020	10	ALRO S.A.	Issuer	VIMETCO EXTRUSION S.R.L.	Subsidiary	Sales	Finished products	17,611,573	P 100120-299
2020	10	ALRO S.A.	Issuer	VIMETCO EXTRUSION S.R.L.	Subsidiary	Sales	Rent	72,937	229/ 09.02.2016
2020	10	ALRO S.A.	Issuer	VIMETCO EXTRUSION S.R.L.	Subsidiary	Sales	Utilities	15,912	263/ 12.02.2020
2020	10	ALRO S.A.	Issuer	VIMETCO EXTRUSION S.R.L.	Subsidiary	Sales	Finished products processing	727,225	191/ 31.01.2020
2020	10	ALRO S.A.	Issuer	VIMETCO EXTRUSION S.R.L.	Subsidiary	Sales	Electricity	297,400	788/ 21.07.2020
2020	10	ALRO S.A.	Issuer	VIMETCO EXTRUSION S.R.L.	Subsidiary	Sales	Services	6,022	no contract

Slatina, Romania Fax: +(40) 0249 437 500 www.alro.ro

	Company		Related party
Year	Month	Name	Nature of	Name	Nature of	Nature of	Object of transaction	Amount (RON)	N.R.U. number/ Date
			relationship		relationship	transaction			of contract
2020	10	ALRO S.A.	Issuer	VIMETCO EXTRUSION S.R.L.	Subsidiary	Sales	Rent	383	1066/ 27.11.2019
2020	10	ALRO S.A.	Issuer	VIMETCO EXTRUSION S.R.L.	Subsidiary	Sales	Utilities	1,988	262/ 12.02.2020
2020	10	ALRO S.A.	Issuer	VIMETCO EXTRUSION S.R.L.	Subsidiary	Sales	Services	58,590	264/ 12.02.2020
2020	10	ALRO S.A.	Issuer	VIMETCO EXTRUSION S.R.L.	Subsidiary	Sales	Services	110,757	261/ 12.02.2020
		Total						37,432,519

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 transaction	Object of transaction	N.R.U number/ Date of contract	Payment term
ALRO S.A.	Issuer	VIMETCO EXTRUSION S.R.L.	Subsidiary	Acquisitions	Rent	1029/ 07.11.2019	30 days from invoice date
ALRO S.A.	Issuer	VIMETCO EXTRUSION S.R.L.	Subsidiary	Acquisitions	Aluminium scrap	424/ 06.03.2020	90 days from invoice 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	VIMETCO EXTRUSION S.R.L.	Subsidiary	Sales	Rent	229/ 09.02.2016	30 days from invoice date
ALRO S.A.	Issuer	VIMETCO EXTRUSION S.R.L.	Subsidiary	Sales	Rent	1066/ 27.11.2019	30 days from the date of receipt of the invoice
ALRO S.A.	Issuer	VIMETCO EXTRUSION S.R.L.	Subsidiary	Sales	Utilities	263/ 12.02.2020	30 days from invoice date
ALRO S.A.	Issuer	VIMETCO EXTRUSION S.R.L.	Subsidiary	Sales	Finished products processing	191/ 31.01.2020	30 days from invoice date
ALRO S.A.	Issuer	VIMETCO EXTRUSION S.R.L.	Subsidiary	Sales	Services	261/ 12.02.2020	30 days from invoice date
ALRO S.A.	Issuer	VIMETCO EXTRUSION S.R.L.	Subsidiary	Sales	Services	264/ 12.02.2020	30 days from invoice date
ALRO S.A.	Issuer	VIMETCO EXTRUSION S.R.L.	Subsidiary	Sales	Utilities	262/ 12.02.2020	30 days from invoice date
ALRO S.A.	Issuer	VIMETCO EXTRUSION S.R.L	Subsidiary	Sales	Finished products	P 072320-226	45 days from delivery
ALRO S.A.	Issuer	VIMETCO EXTRUSION S.R.L	Subsidiary	Sales	Electricity	788/ 21.07.2020	15 days from invoice date
ALRO S.A.	Issuer	VIMETCO EXTRUSION S.R.L	Subsidiary	Sales	Finished products	P 100120-299	45 de zile de la livrare

Annex 3 - Reporting of mutual debts and receivables balances as of 31 October 2020

Company			Related party	Balance as of 31 October 2020 (RON)
Name Nature of relationship			Name	Nature of relationship	Receivables	Liability
	ALRO S.A.	Issuer	VIMETCO EXTRUSION S.R.L.	Subsidiary	31,474,603	428,497