Current Report: Information on the civil action filed by S.P.E.E.H. Hidroelectrica S.A. against Alro S.A. concerning material claims of the electric power producer, representing alleged unachieved proceeds under the bilateral contract concluded with Alro

Ref: Current report as per article no.234 letter (l) paragraph 1 of Regulation no.5/2018 of FSA regarding Issuers of Financial Instrument and Market Operations, as well as per the provisions of art.99 of the Bucharest Stock Exchange, Tier II, Issuers and Financial Instruments

Significant event to be reported:

Information on the civil action filed by S.P.E.E.H. Hidroelectrica S.A. against Alro S.A. concerning material claims of the electric power producer, representing alleged unachieved proceeds under the bilateral contract concluded with Alro. 

The Company Alro S.A. informs the shareholders and investors that in the dispute lodged by S.P.E.E.H. Hidroelectrica S.A. against Alro S.A., which is the object-matter of the case file no. 13264/3/2015 before the Bucharest Court of Appeal, following the appeal made by S.P.E.E.H. Hidroelectrica S.A., on the trial date of September 26, 2017 the court had yet to rule on the case and, after the deliberations, dismissed the appeal as unfounded.

S.P.E.E.H. Hidroelectrica S.A.has lodged a second appeal against the resolution of the Bucharest Court of Appeal and at the moment the case is pending at the High Court of Cassation and Justice of Romania, where on the hearing date of October 04, 2018, the Court communicated the report to the parties, mentioning that such parties may submit a written standpoint within 10 days from communication,according to the information taken from the High Court of Cassation and Justice of Romaniaportal.

The  new hearing date is to be set and advised to the parties.

As regards the status of the above mentioned case file, Alro S.A. will inform the public and investors in due course.

                          Chairman of the Board of Directors                                 Managing Director

                                   Marian Daniel Nastase                                            Gheorghe Dobra