The objectives and field of operations of the Company are as follows:
A. To purchase, lease or otherwise acquire real estates directly or indirectly relating to the
objectives and subject-matter of the Company together with all rights thereon in
connection of use thereof including establishing any lien thereon and renting out the
same, and to sell any redundant real estates,
B. To construct, purchase and operate all facilities and equipment inland and abroad
whether by itself or by establishing partnerships to that end, which are necessary or
relating to the manufacture of any type, nature and size of iron and steel rolling products,
alloyed or pure iron, steel and pig cast iron, cast and press products as well as inputs and
byproducts necessary for the manufacture thereof,
C. To purchase, lease or otherwise acquire other raw materials, derivatives as well as any
type and nature of mineral ores that are directly or indirectly necessary for the
manufacture and production of the products as indicated in the subparagraph (B) above,
and to discover, explore, extract, process and produce mines,
D. To purchase, construct, establish and operate any facilities and equipment that are
directly or indirectly necessary for the further process and use of the byproducts, wastes,
and scraps obtained at any process or stage of the products or processes as indicated in
subparagraphs (B) and (C) above,
E. To establish generating plants and generate electric and heat energy, mainly for the
purpose of meeting its own needs for electric and heat energy within the auto producer
license (the production license to be issued in place of auto producer license as per
Provisional Article 7 of Electricity Market Law No.6446), in accordance with the
legislations relating to the Electricity Market and, in case of surplus generation, to sell
generated electric and heat energy and/or capacity to other legal entities having the
pertinent license and free consumers within the framework of the said legislations, and to
engage in such activities relating to obtain all equipment and fuels necessary for the
electric generating plants, provided that such activities shall not be of commercial nature,
F. To establish Research Centers, and to provide national and international laboratory
services of any kind as well as training and consultancy services,
G. To operate ports and piers by constructing, purchasing and landing them for the purpose
of shipping the products and supplying the inputs inland and abroad, and to provide
pilotage, marine towing, storage and transportation services by letting other individuals
and companies use such ports and piers, and to engage in land and sea transport
activities inland and abroad or to establish separate companies and/or partnerships to
that end,
H. To perform any kind of financial, commercial and industrial procedures directly or
indirectly relating to the foregoing including but without limited to the below mentioned
authorities,
I. To carry out borrowing, financing and cash management procedures and use any kind of
risk management instruments by means of using any kind of money and capital market
instruments in terms of Turkish Lira and/or foreign currencies inland or abroad without
being limited to certain amounts for or in connection with any of the subject of the activity
of the Company, provided that such transactions shall not be qualified as the investment
services and activities,
J. Save for all rights vested to the Group A by virtue of article 22 hereof, to lend and receive
deeds and/or bank letters of guarantee as security in connection with any field of
operation of the Company, provided that this shall not be contrary to the legislations
relating to lending procedures; to establish current accounts; to provide pecuniary, noncash
or personal guarantees for the financial liabilities of third parties, provided that the
Company shall make necessary disclosures in accordance with the procedures set forth
by the Capital Market Board,
K. To carry out all procedures relating to its own interests in accordance with provisions of
articles 379 and 382 of the Turkish Commercial Code and the other relevant provisions,
L. To participate and purchase domestic or foreign companies which engage in the
production or consumption of iron and steel products or which directly or indirectly
provided services in respect thereof inland and abroad, or to establish new companies to
that end, provided that the provisions of the Capital Market Law regarding regulations on
hidden profit transfer shall be reserved,
M. To provide its personnel with training both in Turkey and foreign countries so that they
have technical knowledge and skills in various specialization areas of the iron and steel
industry; to establish training facilities and provide training and consultancy services,
N. To make license, know-how and similar agreements with domestic and foreign
companies; to participate in tenders and commitments in respect of establishment of
factories, and to purchase or sell information and technology,
O. To construct/cause to be constructed pipe lines and facilities for the purpose of
purchasing, selling, storing and distributing natural gas,
P. To perform any kind of corporate activities and procedures both in Turkey and foreign
countries, which are directly or indirectly relating to the field of operation of the Company,
in accordance with the pertinent laws,
R. To act and to grant rights others to act as a representative office, agency, distributor,
authorized dealer; and to receive and give commission, in connection with its objectives
and field of activity,
S. To acquire, use, lease, rent out, transfer and sell authorizations, permits, patents, patent
rights, trademark rights, licenses and royalties as well as any kind of industrial and/or
intellectual property rights in connection with its objectives and field of activity, and to
take and give mortgages thereon,
T. To purchase, lease, take over and transfer and dispose of any kind of land, air and sea
transport vehicles in order to achieve its objectives and fields of activity, and to sell the
surplus quantity thereof. To engage in any kind of activity directly or indirectly relating to
the objectives and fields of operation as set forth hereinabove;
U. To carry out Engineering and Architectural activities for any kind of studies, calculations,
designs and technical drawings relating to the projects for which the Company may be in
need in relation with its subjects of activity; and to follow up the implementation thereof;
V. Providing that it is not contrary to the regulations of Capital Market Law, governing hidden
profit transfer and the provisions of other relevant legislation, the necessary special
condition statements are made and the donations made within the year are presented to
the information of the shareholders in the general assembly, the company may make any
donation and provide any support in a way that does not hinder its own objective and
activity scope.
Without prejudice to the rights granted to Group A under Article 22 herein, the Company may
also engage in other activities other than those listed herein, which are related to its scope of
activity or which the company will deem useful for its scope of activity on the condition that
the company fulfills the requirements provided for within the frame of the legislation and such
activities are not contrary to the legislation.