[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
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Material Event Disclosure General
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Hayır (No)
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With the Resolution of the Board of Directors of our Company dated 17.12.2019;

It is decided to  make  a denunciation of our Board of Directors members namely Kamil GÜLEÇ and  Hüseyin Çağrı GÜLEÇ  about the stock exchange operations realised in July,2017 between Çağ Çelik Demir ve Çelik Endüstri A.Ş and  our Subsidiaries, that owns Kardemir's stocks, Karçel Kardemir Çelik Yapı İmalat Sanayi ve Ticaret A.Ş.  and  Kardökmak Kardemir Döküm Makina Sanayi ve Ticaret A.Ş

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.