[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)
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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, 31.08.2016 and 01.11.2016
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Postponed Notification Flag
Hayır (No)
oda_AnnouncementContentSection|
Announcement Content
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Explanations
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The final approval for the incentive application, which our subsidiary Arctic S.A. had made for the establishment of a new factory to produce 2 million units / year capacity washing machines in Romania, reached Arctic S.A.  on December 12, 2016 and the state aid of up to RON 162.5 million (Up to approximately EUR 36.1 million on the current exchange rate) has been allocated to the project . In this context, it is envisaged that the first phase of the total investment of RON 471 million (approximately EUR 104.5 million with the current exchange rate) will be completed at the end of the first quarter of 2018 and the investment project will be fully completed in September 2019 as stated in our announcement dated August 3, 2016.