[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English

oda_MaterialEventDisclosureGeneralAbstract|
Material Event Disclosure General
oda_UpdateAnnouncementFlag|
Update Notification Flag
Evet (Yes)
oda_CorrectionAnnouncementFlag|
Correction Notification Flag
Hayır (No)
oda_DateOfThePreviousNotificationAboutTheSameSubject|
Date Of The Previous Notification About The Same Subject
18.01.2016, 18.03.2016, 17.05.2016, 02.06.2016, 03.08.2016 ve 31.08.2016
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Postponed Notification Flag
Hayır (No)
oda_AnnouncementContentSection|
Announcement Content
oda_ExplanationSection|
Explanations
oda_ExplanationTextBlock|

We announced in our material events disclosure dated 31.08.2016  that our subsidiary in Romania, Arctic S.A. delivered the incentive application to establish a new factory in Romania to produce washing machines (2 million units/year capacity) and the Incentive and State Aid Department of Romania State Ministry of Finance announced  that Arctic's investment project of  washing machines has been selected after preliminary evaluation in the year of 2016 state aid program and  the state aid of about EUR 36.2 million (on current exchange rate)  has been allocated to Arctic. The final approval and state aid amount for the qualified projects will be determined after a final evaluation by the Incentive and State Aid Department and shall be released in written form. The final approval is still awaited; the investment will start after final approval. The developments will be disclosed to the public when finalized.