Current report in compliance with of article no. 92 ind 3 of Law no. 24/2017 (ALUM S.A. & Sierra Mineral Holdings 1 Limited)

 Please be informed by the present Current Report, that ALUM S.A., subsidiary of ALRO S.A., concluded with the company Sierra Mineral Holdings 1 Limited, subsidiary of ALRO S.A., on the date of December 28^th 2020, a new transaction, based on contract for bauxite procurement, 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 for the year 2019, in amount of RON 37,077,541. 

Details regarding the transaction concluded on December 28^th 2020 by ALUM S.A., as buyer, with Sierra Mineral Holdings 1 Limited, as seller, containing information on the transaction date of conclusion, nature, description of its object, mutual receivables and debts are presented in Annex 1 hereto.

 Annex 1 – Reporting of the transaction concluded on December 28th 2020 and of mutual receivables and debts (balances) as of 30 November 2020