ALRO, selected by Complexul Energetic Oltenia to build together a natural gas power generation plant at Ișalnița

Slatina, 13 October 2022– ALRO S.A. (BVB: ALR, “the Company” or “ALRO”), one of the largest vertically integrated aluminium producers in Europe, measured by production capacity, announces that the Company was declared as “selected investor” following a public tender organized by Complexul Energetic Oltenia (CEO) to build together a natural gas power generation plant at Isalnita.

"This partnership will offer ALRO the opportunity to diversify its business model, as the security of supply for electricity is a must for the aluminium industry and will support the Group's long-term development plans in a very challenging business environment", said Marian NĂSTASE, Chairman, ALRO. “While this is a very complex endeavour, we are confident we will be successful, having a strong partner, CEO, that understands the new realities of the energy market and demonstrates it knows how to adapt to them”, added Marian NĂSTASE.

Under the terms of the tender announcement, CEO and ALRO will negotiate the establishment of a SPV that will build the 850 MW natural gas power plant, subject to the both companies’ corporate approvals. This will replace two old coal-fired blocks of 315 MW each.

         Marian-Daniel NĂSTASE                                                         Gheorghe DOBRA

Chairman of the Board of Directors                                            Chief Executive Officer

For further information, please contact:

www.alro.ro

Florența Ghiță

Bucharest

Phone: +40 744 644 004

Email: investor.relations@alro.ro

Notes to the Editor:

ALRO Group

The companies’ part of ALRO Group are: ALRO S.A. – manufacturer of aluminium, ALUM S.A. – producer of alumina, Sierra Mineral Holdings I, Ltd. – bauxite mining, Vimetco Extrusion S.R.L. – extrusion business line, Conef S.A. – holding and management company, Global Aluminium Ltd. – holding company and Bauxite Marketing Ltd – marketing, Vimetco Trading – aluminium sales. Having this structure, the Group created an integrated production chain assuring the raw materials for ALRO.

ALRO

ALRO is subsidiary of Vimetco PLC (Republic of Cyprus), a global, vertically-integrated primary and processed aluminium producer. The structure of ALRO’s shareholders is: Vimetco PLC (54.19%), Paval Holding (23.21%), Fondul Proprietatea (10.21%) and others (12.38%).

ALRO is one of the largest vertically integrated aluminium producers, by capacity, in Europe, having an installed production capacity of 265,000 tonnes per annum of electrolytic aluminium, 47,000 tonnes per annum of recycled aluminium and the Cast-House has a total cast aluminium capacity of 332,000 tonnes per annum and processing facilities of 140,000 tpa of hot and cold rolling facilities and extrusion shop.

The main market for ALRO products is represented by the European Union; the Company exports its products to the USA and Asia, as well. ALRO is ISO 9001 certified for quality management and has NADCAP and EN 9100 certificates for aerospace production organizations, ALRO’s products adhere to the quality standards for primary aluminium on the LME, as well as international standards for flat rolled products.

Starting from 18 March 2019, the Index Committee of the Bucharest Stock Exchange approved the inclusion of ALRO (code ALR) in BET, the main index of the market, and in BET-TR, the total return version of BET. ALRO’s shares have been listed on the Bucharest Stock Exchange since October 1997 and ALRO represents the first company in the aluminium industry present in these two indices.

Since 2020, ALRO and Vimetco Extrusion are members of ASI (Aluminium Stewardship Initiative), an international association that contributes to enhancing sustainability in the global aluminium sector.