Current report drafted according to the stipulations of the 225 article of the Law no. 297/2004
Tue, 02/04/2014 - 11:22
Please be informed by the present Current Report, that S.C. Alro S.A. concluded with the commercial companies ALUM S.A.,Vimetco Extrusion S.R.L., SIERRA MINERAL HOLDINGS 1 Ltd. (member of Alro’s group registered at the Financial Supervisory Authority) transactions whose cumulated values amount to over EUR 50,000 (the exchange rate is 4.4978 RON/EUR; 3.3221 RON/USD the calculated values are exclusive of VAT):
ALUM S.A.
| No. | Number and date | Object | Estimated total value (RON) | Mutual debts | Guarantee | Payment terms |
| 1. | 3/08.01.2014 | Rent a fixed means | 510,540 | - | - | Payment will be made with order for payment 30 days from the receipt of the invoice or by compensation |
| 2. | 121/30.01.2014 | Addendum no. 6 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 S.C. Alum SA to S.C. Alro SA during the period 01.01.2014-30.09.2014 | 377,047,553
| - | - | According to a payment schedule agreed by both parties at the end of each month for the following delivery month |
| 3. | 122/30.01.2014 | Addendum no.6 to the contract no. CI 01-03/288/26.07.2005 (42/03.03.2005regarding the computation algorithm for the price of calcined alumina delivered by S.C. Alum SA to S.C. Alro SA during the period 01.01.2014-30.09.2014 | 46,485,315
| - | - | According to a payment schedule agreed by both parties at the end of each month for the following delivery month |
| 4. | 123/30.01.2014 | Addendum no.6 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 S.C. Alum SA to S.C. Alro SA during the period 01.01.2014-30.09.2014 | 92,970,630
| - | - | According to a payment schedule agreed by both parties at the end of each month for the following delivery month |
| 5. | 65/17.01.2014 | Addendum no.16 to the contract no.02/ 2006 concerning the extension until 31 December 2014 the validity of the contract for the supply of electricity by Alro SA to Alum SA | 31,494,385 | - | - | Within10 financial days from invoice date |
VIMETCO EXTRUSION S.R.L.
| No. | Number and date | Object | Estimated total value (RON) | Mutual debts | Guarantee | Payment terms |
| 1. | 60/14.01.2014 | Sale-purchase of non-hazardous waste |
1,141,345 | - | - | Within90 days from invoice date and by compensation |
| 2. | 102/28.01.2014 | Rent a fixed means | 414,144 | - | - | Within30 days from invoice date or by compensation |
SIERRA MINERAL HOLDINGS 1 Ltd.
| No. | Number and date | Object | Estimated total value (RON) | Mutual debts | Guarantee | Payment terms |
| 1. | 69/20.01.2014 | Services contract | 297,135
| - | - | The payment will be effected at 60 days from invoice date |
| Marian-Daniel NĂSTASE | Gheorghe DOBRA |
| Chairman of the Board of Directors | Chief Executive Officer |
