TO: BUCHAREST STOCK EXCHANGE

THE FINANCIAL REGULATOR

Current report in accordance with: Law 24/2017 on the issuers of financial instruments and market operations and ASF Regulation no. 5/2018 on the issuers of financial instruments and market operations.

Report date: 23.12.2021

Issuer's name: Electroarges SA

Registered office: Curtea de Arges, str. Albesti, nr. 12, jud. Arges

Trade Register Registration Code: RO156027

Trade Register Registration Number: J03/758/1991

Share capital: 6,976,465.00 lei

Important events to report:

Staff Structure Resizing - December 2021

Electroarges SA informs the shareholders and potential investors of the following: Given the:

  • Alfred Karcher SE & Co. KG Notifications, which were brought to the attention of shareholders and potential investors through the Current Report published on BSE on 06.12.2021;
  • Order preview received from Alfred Karcher SE & Co. KG, only for January and February 2022, which covers 40% of the production capacity allocated to this customer,

Electroarges SA resigns approximately 200 employees with a temporary employment contract, between December 15 and 30, 2021, in accordance with the company's strategy of resizing the staff structure and allocating it to current projects and projects under development.

Vice-Chairman of the Board of Directors

Roxana Scarlat

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Disclaimer

Electroarges SA published this content on 03 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 January 2022 16:17:03 UTC.