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

Fri, 10/15/2021 - 21:00

Significant event to be reported: Reporting of transactions with related parties according to art. 108paragraph 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 CONEFGAZSRL, company under joint control, on the date of 15 October 2021 two new contracts, whose value cumulated with the other transactions concluded/ carried out within the last months, cumulatively exceeds 5% of the Company's net assets, as per ALRO S.A. Standalone Financial Statements related to the first 6 months of 2021, in amount of RON 50,219,273, as follows:

• Transactions of ALRO S.A. with CONEFGAZSRL concluded/ carried out during the period 1^st September 2020 - 30^th September 2021 in total amount of RON 45,321,161.
• Details on the contracts concluded on 15^th October 2021 by ALRO S.A. with the Company CONEF GAZ SRL in estimated amount of RON 133,827,013.

Details have been enclosed to this Report, as follows:

• Annex 1 - Reporting of concluded/carried out transactions during the period 1^st September 2020 - 30^th September 2021;
• Annex 2 - Reporting of contracts related to the transactions in Annex 1
• Annex 3 - Reporting of contracts concluded on 15^th October 2021 and of mutual debts and receivables (balances) as of 30 September 2021.

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

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