Current report in compliance with of article no. 108 of Law no. 24/2017, republished (ALRO S.A. & CONEF GAZ S.R.L.)

Significant event to be reported: Reporting of transactions with related parties according to art. 108paragraph 3 and paragraph 13 of Law no. 24/2017 – Republished

Please be informed by the present Current Report, that ALRO S.A. concluded with the company CONEF GAZ SRL, company under joint control, on the date of 14 January 2022 a new contract, whose value cumulated with the other transactions concluded/ carried out within the last 12 months, cumulatively exceeds 5% of the Company’s net assets, as per ALRO S.A. Standalone Financial Statements related to the first 6 months of 2021, in amount of RON 50,219,273, as follows:

• Transactions of ALRO S.A. with CONEF GAZ SRL concluded/ carried out during the period 1^st October 2021 – 31^st December 2021 in total amount of RON 29,211,864.
• Details on the contract concluded on 14^th January 2022 by ALRO S.A. with the Company CONEF GAZ SRL, estimated amount of RON 113,549,130.

Details have been enclosed to this Report, as follows:

• Annex 1 - Reporting of concluded/carried out transactions during the period 1^st October 2021 – 31^st December 2021;
• Annex 2 - Reporting of contracts related to the transactions in Annex 1
• Annex 3 - Reporting of contract concluded on 14^th January 2022 and of mutual debts and receivables (balances) as of 31 December 2021.

The Company management declares that the management has assessed the reported transactions as being economically correct and justified.

Chairman of the Board of Directors                                                                                                 Chief Executive Officer

         Marian Daniel Nastase                                                                                                                Gheorghe Dobra