Alro S.A.

Related Party Transaction • Mar 23, 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: March 23th , 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. concluded with the company VIMETCO EXTRUSION S.R.L. (member of Alro Group registered with the Financial Supervisory Authority), on the date of March 23th, 2022 a new transaction based on a sale-purchase contract, whose value exceeds 5% of the Company's net assets as per ALRO S.A. Standalone Financial Statements related to the first 6 months of 2021, amounting to RON 50,219,273.

Details regarding the transaction concluded on March 23th, 2022 by ALRO S.A., as Seller with VIMETCO EXTRUSION S.R.L., as Buyer, containing information on the transaction 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

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

Annex 1 - Reporting of the transaction concluded on March 23th, 2022 and of mutual debts and receivables balances as of February 28th , 2022

No.	Parties having concluded the legal document	Nature of the relationship	Date of conclusion and nature of the document	Description of the legal document object	Total value of the legal document (RON)*	Mutual receivables and debts (RON)	Created securities	Payment terms and conditions
1.	ALRO S.A. VIMETCO EXTRUSION S.R.L.	Issuer Subsidiary	P032222- 10/23.03.2022 Addendum no. 2 to the Sale-Purchase contract no. I 3410/2022	Setting up the processing premium for the quantity of 6,130 Mt of aluminium billets, type 6060i, 6063, 6005, 6082F, which will be delivered within the period April-June 2022	118,002,500*	Receivables ALRO S.A. 81,593,757 Debts ALRO S.A. 1,103,056	-	45 days from delivery date

* this estimated value was included in the value of the contract no. 154, reported on 15th December 2021.