[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
Related Companies
[TKNSA]
Related Funds
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English

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Material Event Disclosure General
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Update Notification Flag
Hayır (No)
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Hayır (No)
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Date Of The Previous Notification About The Same Subject
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Evet (Yes)
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Announcement Content
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Explanations
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It is necessary to make this public disclosure due to the explanations made by Mark Frese, Ceconomy CFO, without our knowledge at the Investor Meeting held by Ceconomy.

Negotiations with Ceconomy for evaluation of strategic options related with our subsidiary Teknosa A.Ş. were started on 19 January 2018. Then, these negotiations were interrupted on 13 October 2018.

The disclosure of these negotiations to the public has been postponed by a decision dated 19 January 2018 taken by our company.

Since it was not clear whether the strategic options at Teknosa are realized, public disclosure at the beginining of the negatiations was posponed in order to protect the legitimate interests of our investors from the speculative price movements which affect our company and Teknosa share pirces.

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