[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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CFS Petrokimya Sanayi AŞ, a wholly-owned subsidiary of Tekfen Group company Toros Tarım Sanayi ve Ticaret AŞ (Toros Tarım) has initiated preliminary and associated studies related to a plan to construct a polypropylene production plant with an annual production capacity of 500,000 tons on property that belongs to Toros Tarım in Mersin.

Concerning this plant, which is currently at the development and planning stage: the official environmental impact assessment process has begun; topographic measurements of the proposed site have been completed; an application has been submitted to have the proposed site's zoning status revised to that of "special industrial zone".

Other aspects of this project that are also currently in progress include: selection of a firm which possesses a production license; discussions with suppliers capable of providing raw materials on a long-term basis;  discussions with potential customers looking into the possibility of product sales; contacts and discussions exploring investment partnerships and sources of financing; discussions related to possible collaborations concerning the dolphins that will be used when propane is being delivered to the plant; market research and other studies looking into issues that might have an impact on investment practicability. A feasibility report setting out the results of all these discussions and studies will be submitted to the Tekfen Holding Board of Directors for its consideration. If the board approves this report, a final decision will be made as to whether or not to go ahead with the actual investment.

Additional announcements concerning this proposed investment will be made as necessary whenever material developments warrant them.