Alro S.A.

Related Party Transaction • Jun 15, 2023

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: June 15 th , 2023 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. carried out during the period March 1 st – May 31st , 2023, with the company ALUM S.A. Tulcea (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. Standalone Financial Statements related to 2022 year, amounting to RON 70,644,348, as follows:

▪ Transactions of ALRO S.A. with ALUM S.A. Tulcea, carried out during the period March 1 st – May 31st, 2023, in total amount of RON 75,589,964.

Details have been enclosed to this Report, as follows:

• Annex 1 Reporting of transactions carried out during the period March 1st May 31st, 2023;
• Annex 2 Reporting of contracts related to the transactions in Annex 1;
• Annex 3 Reporting of mutual debts and receivables balances as of May 31st, 2023.

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

Annex 1 - Reporting of transactions carried out during the period March 1 st – May 31st, 2023

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
2023	3	ALRO S.A.	Issuer	Alum S.A.	Subsidiary	Acquisitions	Alumina	16,657,827	929/ 15.09.2022
2023	3	ALRO S.A.	Issuer	Alum S.A.	Subsidiary	Acquisitions	Rent	4,293	526/ 13.05.2010
2023	4	ALRO S.A.	Issuer	Alum S.A.	Subsidiary	Acquisitions	Alumina	19,821,869	929/ 15.09.2022
2023	4	ALRO S.A.	Issuer	Alum S.A.	Subsidiary	Acquisitions	Rent	4,293	526/ 13.05.2010
2023	5	ALRO S.A.	Issuer	Alum S.A.	Subsidiary	Acquisitions	Alumina	36,514,854	929/ 15.09.2022
2023	5	ALRO S.A.	Issuer	Alum S.A.	Subsidiary	Acquisitions	Rent	4,293	526/ 13.05.2010

Total 73,007,429

Sales

		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
2023	3	ALRO S.A.	Issuer	Alum S.A.	Subsidiary	Sales	Electricity	754,972	87/ 13.01.2023
2023	3	ALRO S.A.	Issuer	Alum S.A.	Subsidiary	Sales	Services	53,137	1294/ 07.09.2018
2023	3	ALRO S.A.	Issuer	Alum S.A.	Subsidiary	Sales	Reinvoicing goods	6,036	191/ 18.04.2011
2023	3	ALRO S.A.	Issuer	Alum S.A.	Subsidiary	Sales	Rent	2,336	1653/ 23.12.2021
2023	4	ALRO S.A.	Issuer	Alum S.A.	Subsidiary	Sales	Electricity	761,808	87/ 13.01.2023
2023	4	ALRO S.A.	Issuer	Alum S.A.	Subsidiary	Sales	Services	52,261	1294/ 07.09.2018
2023	4	ALRO S.A.	Issuer	Alum S.A.	Subsidiary	Sales	Reinvoicing goods	3,775	191/ 18.04.2011
2023	4	ALRO S.A.	Issuer	Alum S.A.	Subsidiary	Sales	Rent	2,350	1653/ 23.12.2021
2023	4	ALRO S.A.	Issuer	Alum S.A.	Subsidiary	Sales	Reinvoicing services	293,698	no contract
2023	5	ALRO S.A.	Issuer	Alum S.A.	Subsidiary	Sales	Electricity	591,276	87/ 13.01.2023
2023	5	ALRO S.A.	Issuer	Alum S.A.	Subsidiary	Sales	Services	54,021	1294/ 07.09.2018

		Company		Related party
Year	Month	Name	Nature of	Name	Nature of	Nature of	Object of transaction	Amount	N.R.U. number/
			relationship		relationship	transaction		(RON)	Date of contract
2023	5	ALRO S.A.	Issuer	Alum S.A.	Subsidiary	Sales	Reinvoicing goods	4,522	191/ 18.04.2011
2023	5	ALRO S.A.	Issuer	Alum S.A.	Subsidiary	Sales	Rent	2,343	1653/ 23.12.2021

Total 2,582,535

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 relationship	Object of transaction	N.R.U. number/ Date of contract	Payment term
ALRO S.A.	Issuer	ALUM S.A.	Subsidiary	Acquisitions	Alumina	929/ 15.09.2022	30 days from the delivery or payment in advance based on the seller's request and buyer's acceptance
ALRO S.A.	Issuer	ALUM S.A.	Subsidiary	Acquisitions	Rent	526/ 13.05.2010	60 days from the invoice issuing 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	ALUM S.A.	Subsidiary	Sales	Reinvoicing goods	191/ 18.04.2011	30 days from invoicing date
ALRO S.A.	Issuer	ALUM S.A.	Subsidiary	Sales	Services	1294/ 07.09.2018	30 days from the date of receiving the invoice
ALRO S.A.	Issuer	ALUM S.A.	Subsidiary	Sales	Electricity	87/ 13.01.2023	15 calendar days from the invoice issuing date
ALRO S.A.	Issuer	ALUM S.A.	Subsidiary	Sales	Rent	1653/ 23.12.2021	Until the 10 of the following months

Annex 3 - Reporting of mutual debts and receivables balances as of May 31st, 2023

	Company		Related party	31st, 2023 Balance as of May (RON)
Name Nature of relationship		Name	Nature of relationship	Receivables	Liability
ALRO S.A.	Issuer	ALUM S.A.	Subsidiary	59,260,398	483,562