Current report in compliance with of article no. 108 of Law no. 24/2017, republished (ALRO S.A. & ALUM S.A.)

Wed, 05/15/2024 - 17:04

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 January 1st – April 30th, 2024, 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 for the year of 2023, amounting to RON 43,468,272 as follows:

• Transactions of ALRO S.A. with ALUM S.A. Tulcea, carried out during the period January 1st – April 30th, 2024, in total amount of RON 54,395,261.

Details have been enclosed to this Report, as follows:

• Annex 1 - Reporting of transactions carried out during the period January 1st – April 30th, 2024;
• Annex 2 - Reporting of contracts related to the transactions in Annex 1;
• Annex 3 - Reporting of mutual debts and receivables balances as of April 30th, 2024.

The Company management declares that the management has assessed the reported transactions as being economically correct and justified.