Current report in compliance with of article no. 82 of Law no. 24/2017

Tue, 03/26/2019 - 12:47

Please be informed by the present Current Report, that ALRO S.A. concluded with the companies VIMETCO EXTRUSION S.R.L., ALUM S.A. (members of Alro Group registered with the Financial Supervisory Authority) the following transactions whose cumulated values exceed EUR 50,000 (currency exchange rate used by NBR is the one valid on the conclusion date of the legal document subject of the report; the calculated value does not include VAT):

No.	Parties that have concluded the legal document	Conclusion date and the nature of the document	Description of the object-matter of the legal document	The total value of the legal document (RON)	Mutual debts** (RON)**	Established guarantees, stipulated penalties	Terms and modalities of payment
1.	ALRO S.A. (Seller) – VIMETCO EXTRUSION S.R.L. (Buyer)	P031219-24 Addendum no.2 to the sale-purchase contract no. I 3050/2019	-Modification of the processing premium for the quantity of 4,157 ton +/- 2% of aluminium billets, series 6060/6063/6005, and 6082 to be delivered within the period February – March 2019; -Modification of the payment deadline	39,972,232*	ALRO Receivables 68,193,894 ALRO Debts 150,785	-	45 days from delivery, at the most
2.	ALRO S.A. (Buyer) – ALUM S.A. (Seller)	250/06.03.2019 Addendum no.3 to the sale-purchase contracts no.4600013044/2016, 4600013045/2016, 4600013046/2016	- Modification of the price calculation per ton of alumina, established by the Advance Pricing Agreement issued by the fiscal authority, which is to be applied starting January 01^st, 2017; -Additions to the sections: documents, quantitative and qualitative acceptance	4,388,539,735**	ALRO Receivables 11,032,602 ALRO Debts 20,197	-	-
3.	ALRO S.A. (Lessee) VIMETCO EXTRUSION S.R.L. (Lessor)	337/21.03.2019 Addendum no.1 to equipment rental contract no.4600013521/2017	Amendment of the annex no.1 on rented property and the amount of rent	207,072***	ALRO Receivables 68,193,894 ALRO Debts 150,785	-	PO within 30 days from the invoice issue date or by compensation

Note:

*this estimated value is included in the value of the contract reported on the date of February 14^th, 2019.

** this estimated value replaces the value of the contracts as reported on January 31^st, 2017

*** the value has been calculated for the period of 1 year since the contract duration is indefinite, the total value of the contract cannot be determined.

****the mutual debts are calculated according to the accounting records on the date of February 28^th, 2019.

Chairman of the Board of Directors Chief Executive Officer

Marian Daniel Nastase Gheorghe Dobra

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