S C Electroarges S A : Major Holdings Notice - Holdings/Voting Threshold, >10% - English version

Date: 09 March 2022

MAJOR HOLDINGS REPORT

ACCORDING TO ART. 69 (1) Law 24/2017 and ASF Regulation 5/2018 annex 18

Major holdings notification (to be sent to the relevant issuer and to the competent authority)

1. Identity of the issuer or the issuer of the existing supporting shares, to which voting rights are attached Trading company: ELECTROARGES SA

Unique registration code: 156027; J03/1758/1991

Symbol on the regulated market: ELGS

2. Reasons for notification (please fill in the appropriate box or box(es):

• _ ] An acquisition or transfer of voting rights

[ X ] An acquisitionor transfer of financial instruments

• _ ] An event that changes the distribution of voting rights [ ] Other (please specify) ii

3. Details of the person subject to the notification obligation

Name: STANDARD EQUITY SRL	Registered office city and country (if applicable)
Bucharest,ROMANIA

4. Full name of the shareholder (s) (if different from point 3)

5. Date of falling below, reaching or exceeding the threshold(voting percentage): 03.03.2022 - date of the transaction 6. Total positions of persons subject to the notification obligation:

% of the voting	% of the	Total of the two
rights	%
voting rights
attached to the
via
shares (total from	(7.A + 7.B)
7.A)

The issuer's total number of voting rightsvi

The resulting situation, at the date when it fell below, exceeded	10.47%	0	10.47%	69,764,650
or reached the threshold
Position at the date of the previous notification (if applicable)	9.57%	0	9.57%	69,764,650

7. Information to be notified on the resulting situation, on the date on which exceeded, fell below or reached the threshold A: Voting rights attached to shares

		Number of voting rights	% of the voting rights
	Class / type of shares ISIN code, as applicable	Direct		Indirect	Direct		Indirect
	Art. 69			Art. 69
			Art. 70 of the		Art. 70 of the Law
		paragraphs. (1)-		paragraphs. (1)-
			Law		24/2017
		(3)		(3)
		of the Law		24/2017	of the Law
		24/2017			24/2017
	ROELGSACNOR6	6,825,324		481,000	9.78%		0,69%

SUBTOTAL A

B 1: Financial instruments in accordance with art. 73 paragraph (1) letter a) of Law no. 24/2017
			Number of voting	%
		Conversion	rights that can be
	Date of expiry ix	acquired if the
Type of financial instrument	/exercise	instrument is
(due date)	of the voting
	period x	exercised /
			converted	rights

SUBTOTAL B.1

B 2: Financial instruments with a similar economic effect in accordance with art. 73 paragraph (1) letter b) Law no. 24/2017

Type of financial instrument	Date of expiry ix	Conversion/	Physical or	Number of	% of the
(due date)	exercise	cash	voting rights	voting
	period	settlement		rights

SUBTOTAL

B.2

8. Information regarding the person subject to the notification obligation (please tick the appropriate box)

• X] The person subject to the obligation notification is not controlled by any natural person or legal entity and does not control any entity (ies) that have directly or indirectly an exposure in the issuer of the supporting shares. xii

• _ ] The complete chain of controlled persons through which voting rights and / or financial instruments are actually held, starting with the natural person or the last level legal entity that controls them xiii:

% of voting rights if it is equal

Name xivto or higher than the threshold to

be notified

• of voting rights through financial instruments if it is equal to or higher than the required threshold to be notified

The total of the two, if it is equal to or greater than the threshold to be notified

1. In case of voting by proxy: [proxy's name] will cease to hold [% and number] voting rights starting with [date].
2. Additional information xv:

DIRECTOR

ROBERT ZISU

(indecipherable signature)

Date: 09 March 2022

MAJOR HOLDINGS REPORT

ACCORDING TO ART. 69 (1) Law 24/2017 and ASF Regulation 5/2018 annex 18

Major holdings notification (to be sent to the relevant issuer and to the competent authority)

1. Identity of the issuer or the issuer of the existing supporting shares, to which voting rights are attached Trading company: ELECTROARGES SA

Unique registration code: 156027; J03/1758/1991

Symbol on the regulated market: ELGS

2. Reasons for notification (please fill in the appropriate box or box(es):

• _ ] An acquisition or transfer of voting rights

[ X ] An acquisitionor transfer of financial instruments

• _ ] An event that changes the distribution of voting rights [ ] Other (please specify) ii

3. Details of the person subject to the notification obligation

Name: ZISU ROBERT	Registered office city and country (if applicable)
Bucharest,ROMANIA

4. Full name of the shareholder (s) (if different from point 3)

5. Date of falling below, reaching or exceeding the threshold(voting percentage): 03.03.2022 - date of the transaction 6. Total positions of persons subject to the notification obligation:

% of the voting	% of the	Total of the two
rights	%
voting rights
attached to the
via
shares (total from	(7.A + 7.B)
7.A)

The issuer's total number of voting rightsvi

The resulting situation, at the date when it fell below, exceeded	10.47%	0		10.47%	69,764,650
or reached the threshold
Position at the date of the previous notification (if applicable)	9.57%	0		9.57%	69,764,650

7. Information to be notified on the resulting situation, on the date on which exceeded, fell below or reached the threshold A: Voting rights attached to shares

	Number of voting rights	% of the voting rights
Class / type of shares ISIN code, as applicable	Direct	Indirect	Direct	Indirect
Art. 69		Art. 69
	Art. 70 of the	Art. 70 of the Law
	paragraphs. (1)-	paragraphs. (1)-
	Law	24/2017
	(3)	(3)
	of the Law	24/2017	of the Law
	24/2017		24/2017
ROELGSACNOR6	481,000	6,825,324	0.69%	9.78%

SUBTOTAL A

B 1: Financial instruments in accordance with art. 73 paragraph (1) letter a) of Law no. 24/2017
			Number of voting	%
		Conversion	rights that can be
	Date of expiry ix	acquired if the
Type of financial instrument	/exercise	instrument is
(due date)	of the voting
	period x	exercised /
			converted	rights

SUBTOTAL B.1

B 2: Financial instruments with a similar economic effect in accordance with art. 73 paragraph (1) letter b) Law no. 24/2017

Type of financial instrument	Date of expiry ix	Conversion/	Physical or	Number of	% of the
(due date)	exercise	cash	voting rights	voting
	period	settlement		rights

SUBTOTAL

B.2

8. Information regarding the person subject to the notification obligation (please tick the appropriate box)

• X] The person subject to the obligation notification is not controlled by any natural person or legal entity and does not control any entity (ies) that have directly or indirectly an exposure in the issuer of the supporting shares. xii

• _ ] The complete chain of controlled persons through which voting rights and / or financial instruments are actually held, starting with the natural person or the last level legal entity that controls them xiii:

% of voting rights if it is equal

Name xivto or higher than the threshold to

be notified

• of voting rights through financial instruments if it is equal to or higher than the required threshold to be notified

The total of the two, if it is equal to or greater than the threshold to be notified

1. In case of voting by proxy: [proxy's name] will cease to hold [% and number] voting rights starting with [date].
2. Additional information xv:

ROBERT ZISU

(indecipherable signature)