[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
05.05.2023, 27.11.2023
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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 the PDP disclosure made by our Company on November 27, 2023, it was announced that under the Presidential Decree dated November 24, 2023 and numbered 7885, it has been decided to grant project-based government aid, incentive, to the production facility investment in İzmir, in relation to the pyrolysis oil production from Naphtha substitute recycling, to be realized by our Company's subsidiary Biotrend İleri Dönüşüm ve Yenilenebilir Enerji Teknolojileri Sanayi A.Ş.; that our investment with a projected total fixed amount of TL 9,181,700,000 is expected to be completed in 3 years starting from March 1, 2023 in accordance with the provisions of the Decision on Granting State Aid to Investments on Project Basis; and the support provided for this investment is comprised of customs duty exemption, VAT exemption, VAT refund, tax reduction (tax reduction rate: 100%, investment contribution rate: 60%, investment contribution amount that may be used during investment period: 100%), insurance premium employer share support (for 5 years with no maximum monetary limit), qualified personnel support (maximum TL 100,000,000), and investment location allocation.

Within the scope of the investment location allocation provided pursuant to the Presidential Decree dated November 24, 2023 and numbered 7885, an easement for 49 years has been granted in favor of Biotrend İleri Dönüşüm ve Yenilenebilir Enerji Teknolojileri Sanayi A.Ş. for 120,000 m2 of the 544,870.93 m2 treasury immovable located in İzmir Province Aliağa District Kabalak Neighborhood Block 149, Parcel 11 in accordance with the registration notification of İzmir Provincial Directorate of Environment, Urbanization and Climate Change under the Ministry of Environment, Urbanization and Climate Change dated August 12, 2024.

English translation of this disclosure is attached hereto. In contradiction between the Turkish and English versions of this disclosure, the Turkish version shall prevail.