[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)
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Date Of The Previous Notification About The Same Subject
16.02.2022
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Hayır (No)
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Announcement Content
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Explanations
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ABOUT SUBSIDY FOR SOLAR POWER PLANT (SPP) INVESTMENT

Our investment in establishing a turnkey Roof Self-Consumption Solar Power Plant (SPP) on the roofs of the buildings in our fields of headquarters located in Adana, the details of which were announced on the Public Disclosure Platform on 16 February 2022 with an investment value of USD 11,350,000, was entitled to receive an investment incentive certificate within the scope of the Decree No. 2012/3305 on Government Subsidies for Investments.

The amount of investment subject to the incentive is TRY 336,065,800 and the incentives to benefit from the investment are as follows:

a) VAT Exemption,
b) Corporate Tax Reduction (tax discount rate: 70%, investment contribution rate: 30),
c) Insurance Premium Employer's Share Support (6 years).

In the event of any discrepancy between the Turkish and English versions of this disclosure statement, the original Turkish version shall prevail. SASA disclaims all warranties and makes no representations about the accuracy or completeness of the English translation and assumes no liability for any errors, omissions or inaccuracies that may arise from use of this translation.