[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
oda_NoncurrentFinancialAssetSaleAbstract|
Non-Current Financial Asset Sale
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
17.01.2023
oda_DelayedAnnouncementFlag|
Postponed Notification Flag
Hayır (No)
oda_AnnouncementContentSection|
Announcement Content
oda_BoardDecisionDateForSale|
Board Decision Date for Sale
31/07/2023
oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForSale|
Were Majority of Independent Board Members' Approved the Board Decision for Sale?
Yes
oda_TitleOfNoncurrentFinancialAssetSold|
Title of Non-current Financial Asset Sold
Beko PLC and Beko Balkans d.o.o.
oda_FieldOfActivityNoncurrentFinancialAssetSold|
Field of Activity of Non-current Financial Asset Sold
Consumer Durables and Electronics
oda_CapitalOfNoncurrentFinancialAssetSold|
Capital of Non-current Financial Asset Sold
Beko PLC 500.000 GBP, Beko Balkans d.o.o. 130.000.000 RSD
oda_DateOnWhichRheTransactionWasWillBeCompleted|
Date on which the Transaction was/will be Completed
31.07.2023
oda_SalesConditions|
Sales Conditions
Peşin (Cash)
oda_NominalValueOfSharesSold|
Nominal Value of Shares Sold
Beko PLC 255.000 GBP, Beko Balkans d.o.o. 130.000.000 RSD
oda_SalesPricePerShare|
Sales Price Per Share
Beko PLC: around 247 GBP, Beko Balkans d.o.o.: around 0,35 EUR
oda_TotalSalesValue|
Total Sales Value
The sales value is determined as 45.3 million EUR for 100% shares of Beko Balkans d.o.o and 63.1 million Pound for 51% shares of Beko PLC.
oda_RatioOfSharesSoldToCapitalOfNoncurrentFinancialAsset|
Ratio of Shares Sold to Capital of Non-current Financial Asset (%)
Beko PLC: %51, Beko Balkans d.o.o. %100
oda_TotalRatioOfSharesOwnedInCapitalOfNoncurrentFinancialAssetAfterSalesTransaction|
Total Ratio of Shares Owned in Capital of Non-current Financial Asset After Sales Transaction (%)
Beko PLC: %0, Beko Balkans d.o.o.: %0
oda_TotalVotingRightRatioOwnedInNoncurrentFinancialAssetAfterSalesTransaction|
Total Voting Right Ratio Owned in Non-current Financial Asset After Sales Transaction (%)
Beko PLC: %0, Beko Balkans d.o.o.: %0
oda_RatioOfNoncurrentFinancialAssetSoldToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
Ratio of Non-current Financial Asset Sold to Total Assets in Latest Disclosed Financial Statements of Company (%)
Beko PLC: %1,2, Beko Balkans d.o.o.: %0,7
oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
Ratio of Transaction Value to Sales in Latest Annual Financial Statements of Company (%)
Beko PLC: %1,6, Beko Balkans d.o.o.: %1,0
oda_EffectsOnCompanyOperations|
Effects on Company Operations
As announced in our dislosure dated January 17, 2023, in line with the growth strategy of Arçelik, a Contribution Agreement has been signed in order to merge all of Arçelik and Whirlpool Corporation's production, sales and marketing subsidiaries operating in Europe under a structure that Arçelik will control with majority share. Due to the Agreement the sales of subsidiary shares will be made.
oda_ProfitLossArisedAfterTransaction|
Profit / Loss Arised After Transaction
Mentioned companies are currently subsidiaries of Arçelik, thus there is no profit/loss in the TFRS financial reports.
oda_HowWillSalesProfitBeUsedIfExists|
How will Sales Profit be Used if Exists?
-
oda_BoardDecisionDateForUseOfSalesProfitIfExists|
Board Decision Date for Use of Sales Profit if Exists
-
oda_TitleNameSurnameOfCounterPartyBought|
Title/ Name-Surname of Counter Party Bought
Beko B.V. (former title Ardutch B.V.)
oda_IsCounterPartyARelatedPartyAccordingToCMBRegulations|
Is Counter Party a Related Party According to CMB Regulations?
Evet (Yes)
oda_RelationWithCounterPartyIfAny|http://www.xbrl.org/2003/role/verboseLabel
Relation with Counter Party if any
Arçelik has 100% shares of Beko B.V.
oda_AgreementSigningDateIfExists|
Agreement Signing Date if Exists
-
oda_ValueDeterminationMethodOfNoncurrentFinancialAsset|
Value Determination Method of Non-current Financial Asset
Determined via the negotiations.
oda_DidValuationReportBePrepared|
Did Valuation Report be Prepared?
Düzenlendi (Prepared)
oda_ReasonForNotPreparingValuationReportIfItWasNotPrepared|
Reason for not Preparing Valuation Report if it was not Prepared
Prepared
oda_DateAndNumberOfValuationReport|
Date and Number of Valuation Report
31.07.2023
oda_TitleOfValuationCompanyPreparedReport|
Title of Valuation Company Prepared Report
DRT Kurumsal Finans Danışmanlık Hizmetleri A.Ş.
oda_ValueDeterminedInValuationReportIfExists|
Value Determined in Valuation Report if Exists
According to valuation report the value is determined as 45,289,698.18 EUR for 100% shares of Beko Balkans d.o.o and 63,102,262.61 Pound for 51% shares of Beko PLC.
oda_ReasonsIfTransactionWasntWillNotBePerformedInAccordanceWithValuationReport|
Reasons if Transaction wasn't/will not be performed in Accordance with Valuation Report
The transaction was fulfilled in accordance with the results in the valuation report.
oda_ExplanationSection|
Explanations
oda_ExplanationTextBlock|
As announced in our dislosure dated January 17, 2023, i) Arçelik A.Ş., ii) Beko B.V. (former Ardutch B.V.), iii) Whirlpool EMEA Holdings LLC, iv) Whirlpool Corporation and v) Beko Europe B.V. have signed a Contribution Agreement ("Agreement") in order to merge all of Arçelik's subsidiaries operating in Europe under Beko B.V. and the shares of these subsidiaries of Beko B.V. will be transferred to Beko Europe B.V., which was established in the Netherlands for the Arçelik-Whirlpool Europe Transaction. The shares of Beko B.V. will contributed to Beko Europe as adding capital in kind.

As part of this transaction, all shares of the Beko Balkans d.o.o. (Arçelik has 100% shares) and Beko PLC (Arçelik has a 51% shares) will be transferred to Beko B.V.. According to the resolution of Arçelik's Board of Directors dated July 31, 2023, it has been decided to transfer i) the %51 shares of Beko PLC for a value of 63,102,262.61 Pounds and (ii) the %100 shares of Beko Balkans d.o.o for a value of EUR 45,289,698.18 to Beko B.V. considering the valuation reports prepared by DRT Corporate Finance Danışmanlık Hizmetleri A.Ş.. The operation of the transfer was completed on the same day.

As the sales value exceeded the thresholds defined in Article 9 of the Corporate Governance Communiqué, a summary of the independent valuation report prepared by DRT Kurumsal Finans Danışmanlık Hizmetleri A.Ş., is attached. The resolution of the Arçelik Board of Directors which is evaluating the aforementioned reports and the transaction perimeters was taken unanimously by all the Board Members, including the Independent Board Members.


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.