Translation from Romanian

EximBank F83/I-ACX-CP
To: Rikko Steel SRL Banca de Export Import a României EximBank SA
Fiscal code: 24899169, J04/2161/2008 BACĂU AGENCY
Address: Bacău, Str. Ștefan cel Mare nr. 28, Bacău county Entry/exit no. 871
To the attention: Mr. director Panici Radu Day 29, month 06, year 2020
Date: 29.06.2020

CREDITWORTHINESS LETTER
At your request made based on letter no. 870/29.06.2020, we confirm that you are listed in the
records of Banca de Export Import a României EximBank SA (”Bank”) as its customer since
03.04.2018.
This letter was issued at your request, in two original counterparts, in view of presenting it to
your supplier Industrial Metallurgical Holding and the Bank will not be held responsible for
the way in which this letter was used.
At your instructions, we present below the following financial indicators calculated by the Bank
on 31.12.2019, based on the information received from you:
Name of indicator Formula Calculated Measuring unit
amount
1. Turnover - 67.458.270 Lei
2. Net profit 3.735.047 Lei
3. Indebtedness Total liabilities/Total assets 64,17 %
degree
4. Current liquidity Current assets/Short-term 140.63 %
Liabilities*100
5. Immediate liquidity (Current assets- 110,86 %
Inventories)/Short-term
Liabilities*100

We confirm that the commercial relationships between the Bank and Rikko Steel SRL were
carried out all right and the company is not listed with debts to the Bank and the payment of all
debts to the Bank was always made on time.
This Creditworthiness Letter:
(i) Does not represent a commitment of the Bank for the granting of loans or future
commitments;
(ii) Does not represent and does not produce the legal effects of a guarantee granted by
the Bank.
All the confirmations from this Creditworthiness Letter are based on the documents and
information presented by you to the Bank and the Bank is not liable for their conformity or
accuracy.
This Creditworthiness Letter is not and cannot be considered consultancy offered by the Bank.
Yours faithfully,
MANAGER CUSTOMER RELATIONS
MANAGER
Cristian Sîrbu Dieac Bogdan Gabriel
Illegible signature and seal Illegible signature

I received two counterparts (illegible signature and seal)

Alexandra I. Georgeta Ungureanu

Traducator autorizat Ministerul Justitiei / Certified Translator by the Ministry of Justice

Subsemnata Alexandra I. Georgeta Ungureanu, traducator autorizat conform Autorizatiei nr. 28218,
certific exactitatea traducerii cu textul inscrisului original, care a fost vizat de mine.Traducerea a fost
efectuata la cererea partii.Traducerea contine 2 pagini./ The undersigned Alexandra I. Georgeta
Ungureanu, certified translator, authorization no. 28218, I certify herewith the accuracy of the
translation with the text of the original document, which was provided by me with the
endorsement.The translation was made following the party’s request. The translation contains 2
pages.