[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)
oda_DateOfThePreviousNotificationAboutTheSameSubject|
Date Of The Previous Notification About The Same Subject
22.03.2021, 05.08.2022
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Postponed Notification Flag
Hayır (No)
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Announcement Content
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Explanations
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ABOUT SUBSIDY FOR FIBER INVESTMENT


Our Fiber Production Facility Investment with a capacity of 402,500 tons/year and investment value of approximately USD 400,000,000, the details of which were previously announced by our Company on the Public Disclosure Platform, which is under construction in our Adana campus and is expected to be commissioned in the third quarter of 2024, has been entitled to receive an 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 8,094,028,599 and the incentives to benefit from the investment are as follows:


a) Customs Duty Exemption,

b) VAT Exemption,

c) Corporate Tax Reduction (tax discount rate: 80%, investment contribution rate: 40%),

ç) Insurance Premium Employer's Share Support (7 years),

d) Interest Support (5 points will be applied for TRY loans/profit shares, 2 points for foreign currency or foreign currency indexed loans/profit shares).


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.