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 March 29^th, 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 January 1^st, 2022 – February 28^th, 2022 in total amount of RON 13,434,940.
• Details on the contract concluded on March 29^th, 2022 by ALRO S.A., as Buyer with the company CONEF GAZ SRL, as Seller, in estimated amount of RON 134,236,128.

Details have been enclosed to this Report, as follows:

• Annex 1 - Reporting of concluded/carried out transactions during the period January 1^st, 2022 – February 28^th, 2022;
• Annex 2 - Reporting of contracts related to the transactions in Annex 1
• Annex 3 - Reporting of contract concluded on March 29^th, 2022and of mutual debts and receivables (balances) as of February 28^th, 2022.

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