Current report drafted according to the stipulations of the 225 article of the Law no. 297/2004

Mon, 03/09/2015 - 16:48

Please be informed by the present Current Report, that Alro S.A. concluded with the companies Vimetco Extrusion S.R.L., Sierra Mineral Holdings 1 Ltd., ALUM S.A. (members of Alro’s group registered at the Financial Supervisory Authority) transactions whose cumulated values amount to over EUR 50,000 (the exchange rate is 4.4402 RON/EUR; 4.0491 RON/USD the calculated values are exclusive of VAT):

Vimetco Extrusion S.R.L.

No.	Number and date	Object	Estimated total value (RON)	Mutual debts	Guarantee	Payment terms
1.	233/17.02.2015	Agreement on drinking and industrial water providing by Alro S.A. to Vimetco Extrusion S.R.L.	197,800	-	-	With OP within 30 days from the invoice
2.	338/05.03.2015	Service providing contract no. 40003112/2015 for billets aging heat treatment	1,500,569	-	-	With OP within 30 days from the invoice

Sierra Mineral Holdings 1 Ltd.

No.

Number and date

Object

Estimated total value (RON)*

Mutual debts

Guarantee

Payment terms

199/11.02.2015

Addendum 1 to the service contract nr.40002603 / 2013 regarding the tariff change

1,305,835

Through bank transfer within 30 days of receipt of invoice

ALUM S.A.

No.	Number and date	Object	Estimated total value (RON)**	Mutual debts	Guarantee	Payment terms
1.	313/27.02.2015	Addendum no.9 to the contract no. CI 01-03/287/26.07.2005 (41/03.03.2005) regarding the computation algorithm for the price of calcined alumina delivered by Alum SA to Alro SA starting with February, 2015	1,142,049,554	-	-	According to a payment schedule agreed by both parties at the end of each month for the following delivery month
2.	314/27.02.2015	Addendum no.9 to the contract no. CI 01-03/288/26.07.2005 (42/03.03.2005) regarding the computation algorithm for the price of calcined alumina delivered by Alum SA to Alro SA starting with February, 2015	140,800,630	-	-	According to a payment schedule agreed by both parties at the end of each month for the following delivery month
3.	315/27.02.2015	Addendum no.9 to the contract no. CI 01-03/289/26.07.2005 (43/03.03.2005) regarding the computation algorithm for the price of calcined alumina delivered by Alum SA to Alro SA starting with February, 2015	281,601,260	-	-	According to a payment schedule agreed by both parties at the end of each month for the following delivery month

Note :

*this estimated value is included in the value of the contract reported on 18.09.2013

**the estimated values have been determined starting from the amounts stipulated in the contracts, the price being estimated as follows:

- for the period when the price was known (i.e.: February), that price was taken into account;

- for the subsequent periods, when the price depends on a calculation algorithm, the budgeted values were taken into account and/ or the values considered by the management in the preparation of the business plan for periods longer than 1 year.

President of the Board of Directors

Marian Daniel Nastase

General Manager

Gheorghe Dobra