[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
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Material Event Disclosure General
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Update Notification Flag
Hayır (No)
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Correction Notification Flag
Hayır (No)
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Date Of The Previous Notification About The Same Subject
-
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Evet (Yes)
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Announcement Content
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Explanations
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Upon European Commission's decision to apply a penalty to a group of CRT producers due to violation of competition, Our Company and its subsidiaries filed a lawsuit against the related suppliers for compensation of loss. In the course of the lawsuit, a total compensation income of GBP 20.15 million and EUR 22.8 million was obtained from CRT suppliers by settlement. GBP 6.9 million of this compensation was reflected in the financial reports dated 31.12.2019.

Based on the authority provided by Arçelik's Board of Directors Resolution dated November 28, 2017 and numbered 934 and within the context of the Article 6 of the Capital Markets Board's Material Events Disclosure Communique No.II-15., it was decided by the Top Management on February 4, 2020 that this disclosure should be delayed until all deeds of settlement were signed. The aforementioned delay in disclosure has been decided with the purpose of protecting our Company's bargaining power and with the intention of prevention of any conditions that might affect the process adversely. With the reason of the delay decision being no longer in place, this disclosure has been made.

This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.