[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
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Related Party Transactions
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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
10.01.2022
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Postponed Notification Flag
Hayır (No)
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Announcement Content
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Explanations
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In accordance with our Company's Principles Regarding Related Party Transactions, permanent Related Party Transactions envisaged to be performed in relation to the relevant financial year at the beginning of each financial year, subject to the approval of the Board of Directors, and summary of the content of the said board of directors' decision, which does not have the characteristics of trade secret, should be disclosed to the public.

Moreover, in addition to the decision of the board of directors, in case it is estimated that the rate of the amount of common and continuous transactions between the company and its related parties in an accounting period to the cost of sales in purchase transactions according to the recent annual financial statements will reach to %10 or more of the rate of sales transactions to the amount of revenue generated according to the last annual financial statements, a report shall be prepared on the terms of the transactions and their comparison with the market conditions and the conclusion part of such report shall be disclosed to the public.

Accordingly, our Board of Directors, with its March 2, 2022 dated and 2022/06 numbered decision, agreed on the following issues:

(i)The amount of the common and continuous transactions foreseen to be performed between the company and Gediz Elektrik Perakende Anonim Şirketi and Aydem Elektrik Perakende Anonim Şirketi, which are related parties of our company, is expected to exceed %10 of the rate to the revenue amount according to the company's recent annual financial statements.

(ii)The amount of common and continuous transactions foreseen to be performed between the company and Parla Solar Hücre ve Panel Üretim Anonim Şirketi, which is related party of our company, is not expected to exceed %10 of the rate to the revenue amount according to the company's recent annual financial statements.

(iii)Mentioned transactions will be performed at the same price as the price applied to third parties who are not related parties. In this context, it has been evaluated that the foreseen transaction conditions are in line with previous years and are reasonable when compared to market conditions.

The conclusion part of the report prepared by our Board of Directors is given belo

Pursuant to Article 10 of the Communiqué on Corporate Governance Serial II.17.1 of the Capital Markets Board;
It is foreseen that the rate of the amount of common and continuous electricity sales transactions of our company with Gediz Elektrik Perakende Anonim Şirketi and Aydem Elektrik Perakende Anonim Şirketi within the accounting period of 01.01.2022 - 31.12.2022 to the amount of revenue generated according to the our Company's recent annual financial statements will exceed 10% according to the specified article of the Communiqué.

In this report, the conditions of the foreseen transactions made with the above-mentioned related party in 2022, the price determination methods and the reasons for choosing such methods are explained, and information about the compliance of the transactions with the market conditions is presented.

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.