Alro S.A.

Report Publication Announcement • Apr 20, 2023

No.30/20.04.2023

Current Report

To: Financial Supervisory Authority Bucharest Stock Exchange

Current report in compliance with the stipulations of the Law no. 24/2017 (republished) and of the FSA Regulation no. 5/2018 (subsequently amended and updated) regarding the Issuers of financial instruments and market operations

Date of report: 20 April 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)

We hereby inform all persons who may be interested about the following important event to be reported:

ALRO Group publishes its Trading Update Q1 2023

Slatina, 20 April 2023 – ALRO S.A. (BSE: ALR, "the Company" or "ALRO"), one of the largest vertically integrated aluminium producers in Europe, measured by production capacity, publishes today the Trading Update Report for Q1 2023 which provides basic preparatory information on the economic environment of ALRO Group's key performance indicators for the quarter that ended on 31 March 2023 ("Q1 2023").

The Quarterly Report for the first quarter of 2023 i.e. 1 January - 31 March 2023 will be published on Friday, 12 May 2023, and the Company's representatives will hold the Financial Results Conference Call on Monday, 15 May 2023.

The information contained in this trading update may be subject to change and may differ from the numbers of the quarterly/ half-year/ annual report.

The Trading Update Q1 2023 Report is available in a separate document on the Company's website, Investor Relations category, Reports section: https://www.alro.ro/en/reports and at the below link:

Marian-Daniel NÄSTASE

Helle beridoon Chairman of the Board of Directors

Gheorghe DOBRA

Chief Executive Officer

totor

Phone: +(40) 249 431 901 Fax: +(40) 249 437 500

alro@alro.ro www.alro.ro

For further information, please contact:

Ana-Maria IMBREA Investor and Corporate Relations Phone: +40 752 105 339 E-mail: investor.relations@alro.ro

Notes to the Editor:

ALRO Group

The companies' part of ALRO Group are: ALRO S.A. - manufacturer of aluminium, ALUM S.A. - producer of alumina, Sierra Mineral Holdings I, Ltd. - bauxite mining, Vimetco Extrusion S.R.L. - extrusion business line, Conef S.A. - holding and management company, Global Aluminium Ltd. - holding company and Bauxite Marketing Ltd - marketing, Vimetco Trading - aluminium sales. Having this structure, the Group created an integrated production chain assuring the raw materials for ALRO.

ALRO

ALRO is subsidiary of Vimetco PLC (Republic of Cyprus), a global, vertically-integrated primary and processed aluminium producer. The structure of ALRO's shareholders is: Vimetco PLC (54.19%), Paval Holding (23.21%), Fondul Proprietatea (10.21%) and others (12.39%).

ALRO is one of the largest vertically integrated aluminium producers, by capacity, in Europe, having an installed production capacity of 265,000 tonnes per annum of electrolytic aluminium, 47,000 tonnes per annum of recycled aluminium and the Cast-House has a total cast aluminium capacity of 332,000 tonnes per annum and processing facilities of 140,000 tpa of hot and cold rolling facilities and extrusion shop.

The main markets for ALRO products is represented by the European Union; the Company exports its products to the USA and Asia, as well. ALRO is ISO 9001 certified for quality management and has NADCAP and EN 9100 certificates for aerospace production organizations, ALRO's products adhere to the quality standards for primary aluminium on the LME, as well as international standards for flat rolled products.

Starting from 18 March 2019, the Index Committee of the Bucharest Stock Exchange approved the inclusion of ALRO (code ALR) in BET, the main index of the market, and in BET-TR, the total return version of BET. ALRO's shares have been listed on the Bucharest Stock Exchange since October 1997 and ALRO represents the first company in the aluminium industry present in these two indices.

Since 2020, ALRO and Vimetco Extrusion are members of ASI (Aluminium Stewardship Initiative), an international association that contributes to enhancing sustainability in the global aluminium sector. In January 2023, ALRO achieved the first certification in Europe under ASI's Third version of Performance Standards.

ALRO GROUP Q1/2023 Trading Update 20 April 2023

This Trading Update provides basic preparatory information on the economic environment of ALRO Group's key performance indicators for the quarter that ended on 31 March 2023 ("Q1 2023").

The Quarterly Report for the first quarter of 2023 i.e. 1 January - 31 March 2023 will be published on Friday, 12 May 2023, and the Company's representatives will hold the Financial Results Conference Call on Monday, 15 May 2023.

vimetco

The information in this trading update may be subject to change and may differ from the numbers of the quarterly/ half-year/ annual report.

Economic Environment Indicators

Indicator		Q1/22	Q2/22	Q3/22	Q4/22	Q1/23
Average LME 3M	USD/tonne	3.269	2,898	2.358	2.345	2.435
Exchange rate used (average) Exchange rate used (end of period) EUA forward price* (average)	RON/USD RON/USD EUR	4.4107 4.4508	4.6390 4.7424	4.8794 5.0469	4,8288 4,6346 54.06	4,5848 4.5463
EUA spot price* (average)	EUR	82.82	83.43	79.65	77.38	86.97

* EUA = European Union Allowance and means a transferable allowance to emit one tonne of CO₂ equivalent during a specified period.

EUA forward price means the simple average of the daily one-year forward EUA prices (closing offer prices) for delivery in December of the
year for which the compensation is granted, as observed in a given EU carbon exchan compensation for the respective reporting year.

Sources: Bloomberg, Reuters. Platts, NBR

Other information

Indirect emissions compensation for 2022 - ALRO Group has submitted the file for receiving the compensation for 2022 in March 2023.

Production & Sales

Production		Q1/22	Q2/22	Q3/22	Q4/22	Q1/23
Liquid aluminium	tonnes	8,291	7,610	1,606	2,815	15,510
Electrolytic aluminium	tonnes	28,427	17,805	16,945	15,339	6,579
Primary aluminium	tonnes	63,545	55,093	35,700	37.116	43,531
Wire rod	tonnes	10,620	4.787	6,947	6.199	8,265
Billets	tonnes	11,251	10,955	11,989	9,927	9,975
Slabs	tonnes	37,277	32,627	11,919	16,321	21,316
Wire rod (processing)*	tonnes.	2,722	5,039	3,129	3,103	1,499
Billets (processing)*	tonnes	1,675	1,685	1,716	1,566	2,476
Processed aluminium:	tonnes	31,774	27,554	15,048	16,637	22,286
- Fiat-Rolled Products (FRP)	tonnes	25,377	20,645	8,131	10,093	13,722
Plates	tonnes	18,699	18,206	6,908	7.266	9,188
Sheets	tonnes	4,098	964	385	897	1,919
Coils	tonnes	2,580	1,475	838	1,930	2,615
- Extruded Products (VE)	tonnes	6,397	6,909	6.917	6,544	8,564
Standard profiles	tonnes	2,079	2,439	2,083	1,620	3,499
Customised profiles	tonnes	4,317	4,470	4,835	4,924	5.065
Alumina	tonnes	58,547	40,940	8,918	$\ddot{\phantom{a}}$
Bauxite	tonnes	187,141	294,428	268,187	160,587	155,144

Sales (to 3rd parties)		Q1/22	Q2/22	Q3/22	Q4/22	Q1/23
Primary aluminium	tonnes	20,314	15,540	13,033	11,497	17,068
Wire rod	tonnes	12,331	4,551	6,241	5,643	8.973
Billets	tonnes	5,283	5,929	3,662	2.764	5,883
Slabs	tonnes					150
Wire rod (processing)*	tonnes	2,700	5,060	3,130	3,090	1,499
Billets (processing)*	tonnes					563
Processed aluminium	tonnes	31,153	24,592	18,383	15,504	22.634
- Flat-Rolled Products (FRP)	tonnes	23,985	17.891	11,778	9.515	14.203
Plates	tonnes	17,418	14,912	9,544	7.425	10,319
Sheets	tonnes	4,148	1,431	871	703	1,530
Coils	tonnes	2,419	1,548	1,363	1,387	2,354
- Extruded Products (VE)	tonnes	7,168	6,702	6,605	5,989	8,431
Standard profiles	tonnes	2,574	2,333	2,114	1,402	3,575
Customised profiles	tonnes	4,593	4,369	4,491	4,587	4,856
Alumina	tonnes	8,588	3,072	1,405	721	612
Bauxite	tonnes		171,167	362,790	206,835	206,345

*ALRO Group entered into tolling contracts with a few clients and agreed to process the metal brought in by these clients by charging a smelting and processing fee and rendering them back a specifically ordered product.

Contact Details

For further information, please contact:

Ana-Maria IMBREA, Investor and Corporate Relations Tel.: +40 752 105 339 E-Mail: investor.relations@alro.ro

Disclaimer regarding forward looking statements

This report may contain forward-looking information, including, without limitation, those relating to (a) forecasts, projections, and estimates, (b) statements of management's plans, objectives, and strategies for ALRO Group/ ALRO, such as planned expansions, investments or other
projects, (c) targeted production volumes and costs, capacities or rates, start-up costs, of operations, (f) margins, (g) growth rates, (h) risk management, as well as (i) statements preceded by "expected", "scheduled", "tarjustics" preceded by "expected", "scheduled", "tarjustics" preceded by "expected", "sche are considered in a proceduring statements are conserved and the materially from those projected in a forward-looking statement or affect the
extent to which a particular projection is realized. We can give no assurance th

ALRO Group/ ALRO disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise