[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
oda_MaterialEventDisclosureGeneralAbstract|
Material Event Disclosure General
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Update Notification Flag
Evet (Yes)
oda_CorrectionAnnouncementFlag|
Correction Notification Flag
Hayır (No)
oda_DateOfThePreviousNotificationAboutTheSameSubject|
Date Of The Previous Notification About The Same Subject
13.04.2024 - 05.04.2024 - 15.02.2024 - 12.02.2023
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Postponed Notification Flag
Evet (Yes)
oda_AnnouncementContentSection|
Announcement Content
oda_ExplanationSection|
Explanations
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Regarding its operations in Venezuela, our Company has decided to terminate its partnerships and collaborations with Multiservicios Tomlam C.A. and Invenergia C.A. due to the risks of re-imposed sanctions and changed its strategy.

In this context, in order to maintain the activities and operations in Venezuela more efficiently and economically and to avoid being affected by sanctions, it has been decided to continue its activities with Denarius Pumping Services LLC, which has an OFAC license, serves international organizations with 25 years of sector knowledge and has its own machinery and equipment park.

The total size of Denarius' current contracts with international oil companies is approximately USD 15 million, and it aims to generate approximately USD 1.8 million in revenues in 2024 and approximately USD 22 million in 2025 with its existing contracts and planned additional contracts.

We will continue to consider the income that Denarius Pumping Services LLC will generate for our Company and the privileges and new opportunities regarding the conditions in Venezuela in the coming period.

With the decision of the Company's board of directors dated 22.04.2024, it was decided to postpone the public disclosure within the scope of Article 6 of the Communiqué on Material Events numbered II.15.1 in order to protect the legitimate interests of the company during the period of finalization of the investments and to prevent any consequences thereof, and the related postponement has been lifted as of this disclosure.

Kindly announced to the public.

In contradiction between Turkish and English versions of this public disclosure, Turkish version shall prevail.