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Forward Looking Evaluations
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Hayır (No)
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Explanations
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At the meeting of our Board of Directors dated 23 February 2017; it was resolved to disclose the forward looking statements to the public in accordance with Article 10 of Communiqué on Material Events Disclosure numbered II-15.1 and

it was resolved to authorize Güler Sabancı, Chairman, Zafer Kurtul, Board Member and CEO, Mehmet Göçmen, Energy Group President, Barış Oran, CFO and Eren Mantaş, Director, Financial Planning, Analysis and Investor Relations, to announce the forward looking statements of our Company as indicated below.

2017 Growth Expectations (%)

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ENERGY                               COMBINED NET SALES               10 - 15%

COMBINED EBITDA                    10 - 15%

INDUSTRIALS                       COMBINED NET SALES                5 - 15%

COMBINED EBITDA*                   5 - 15%

SABANCI HOLDING                COMBINED NET SALES               5 - 10%

COMBINED NON-BANK           COMBINED EBITDA*                 10 - 15%

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Excluding one-off items

* Philsa was included both in Industrials Combined EBITDA and Sabancı Holding Combined Non-Bank EBITDA.

In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.