[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
23.05.2017, 17.11.2017
oda_DelayedAnnouncementFlag|
Postponed Notification Flag
Hayır (No)
oda_AnnouncementContentSection|
Announcement Content
oda_ExplanationSection|
Explanations
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In our material event disclosures dated 23.05.2017 and 17.11.2017, it has been stated that a company will be established to operate under the Voltas-Beko and the Company will commence operations on the date on which the conditions included in the Joint Venture Agreement are fulfilled and the parties have the right to terminate the agreement if the conditions precedents defined in the agreement cannot be fulfilled until 31.03.2018.

The Company was established with the title "Voltbek Home Appliances Private Ltd.". Brand and technology license agreements, and service agreements have been signed with related parties and the completion has occured today  as the parties agree on the other conditions stated in the Joint Venture Agreement for the closing.