Current report drafted according to the stipulations of the 225 article of the Law no. 297/2004
Mon, 03/09/2015 - 16:48
Please be informed by the present Current Report, that Alro S.A. concluded with the companies Vimetco Extrusion S.R.L., Sierra Mineral Holdings 1 Ltd., ALUM S.A. (members of Alro’s group registered at the Financial Supervisory Authority) transactions whose cumulated values amount to over EUR 50,000 (the exchange rate is 4.4402 RON/EUR; 4.0491 RON/USD the calculated values are exclusive of VAT):
Vimetco Extrusion S.R.L.
| No. | Number and date | Object | Estimated total value (RON) | Mutual debts | Guarantee | Payment terms |
| 1. | 233/17.02.2015 | Agreement on drinking and industrial water providing by Alro S.A. to Vimetco Extrusion S.R.L. | 197,800 | - | - | With OP within 30 days from the invoice |
| 2. | 338/05.03.2015 | Service providing contract no. 40003112/2015 for billets aging heat treatment | 1,500,569 | - | - | With OP within 30 days from the invoice |
Sierra Mineral Holdings 1 Ltd.
| No. | Number and date | Object | Estimated total value (RON)* | Mutual debts | Guarantee | Payment terms |
| 1. | 199/11.02.2015 | Addendum 1 to the service contract nr.40002603 / 2013 regarding the tariff change | 1,305,835
| - | - | Through bank transfer within 30 days of receipt of invoice |
ALUM S.A.
| No. | Number and date | Object | Estimated total value (RON)** | Mutual debts | Guarantee | Payment terms |
| 1. | 313/27.02.2015 | Addendum no.9 to the contract no. CI 01-03/287/26.07.2005 (41/03.03.2005) regarding the computation algorithm for the price of calcined alumina delivered by Alum SA to Alro SA starting with February, 2015 | 1,142,049,554 | - | - | According to a payment schedule agreed by both parties at the end of each month for the following delivery month |
| 2. | 314/27.02.2015 | Addendum no.9 to the contract no. CI 01-03/288/26.07.2005 (42/03.03.2005) regarding the computation algorithm for the price of calcined alumina delivered by Alum SA to Alro SA starting with February, 2015 | 140,800,630 | - | - | According to a payment schedule agreed by both parties at the end of each month for the following delivery month |
| 3. | 315/27.02.2015 | Addendum no.9 to the contract no. CI 01-03/289/26.07.2005 (43/03.03.2005) regarding the computation algorithm for the price of calcined alumina delivered by Alum SA to Alro SA starting with February, 2015 | 281,601,260 | - | - | According to a payment schedule agreed by both parties at the end of each month for the following delivery month |
Note :
*this estimated value is included in the value of the contract reported on 18.09.2013
**the estimated values have been determined starting from the amounts stipulated in the contracts, the price being estimated as follows:
- for the period when the price was known (i.e.: February), that price was taken into account;
- for the subsequent periods, when the price depends on a calculation algorithm, the budgeted values were taken into account and/ or the values considered by the management in the preparation of the business plan for periods longer than 1 year.
| Marian-Daniel NĂSTASE | Gheorghe DOBRA |
| Chairman of the Board of Directors | Chief Executive Officer |