Communiqué regarding the publication of the Consolidated Half-Year Report for the six months ended 30 June 2020

ALRO S.A. (“ALRO”) informs shareholders and investors on the release of the consolidated financial results of ALRO for the six months ended 30 June 2020, as follows:

·  The Consolidated Half-Year Report for the period ended 30 June 2020 (unaudited), prepared in compliance with the provisions of the Regulation no. 5/2018 regarding the Issuers of financial instruments and market operations and with the provisions of the Bucharest Stock Exchange Code will be available starting with 12 August 2020, after 8:20 (Bucharest time).

ALRO Group Half-Year Report for the six months ended year ended 30 June 2020 was prepared in accordance with the Ministry of Public Finance Order no. 2844/2016, with subsequent amendments, which is in accordance with the International Financial Reporting Standards (IFRS) adopted by the European Union (EU) with some exceptions that do not affect the compliance with IFRS.

ALRO Group Half-Year Report for the six months ended year ended on 30 June 2020 is not audited and is available on:

• Bucharest Stock Exchange website, www.bvb.ro  – symbol ALR;
• ALRO’s website, category “Investor Relations”, section “Reports”: http://www.alro.ro/en/reports

· Conference Call with the members of the investment community for the presentation of the consolidated results of ALRO for the six months ended 30 June 2020 is scheduled on 14 August 2020, starting with 11:00 (Bucharest time).

If you would like to take part in the conference call, please contact Florența Ghiță, +40 (0)744 644 004 or investor.relations@alro.ro. For receiving the access information, please provide the following details: name, company, position and the phone number you will use to access the conference call.

The conference call presentation will be available starting with 14 August 2020 on ALRO’s website, category “Investor Relations”, section “Presentations”: http://www.alro.ro/en/presentations.

This communiqué was simultaneously sent to the Bucharest Stock Exchange and to the Financial Supervisory Authority.

Additional information may be obtained from the Investor Relations Department, e-mail: investor.relations@alro.ro.

                        Marian-Daniel NĂSTASE                                                        Gheorghe DOBRA

                  Chairman of the Board of Directors                                         Chief Executive Officer