[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
oda_NewBusinessRelationAbstract|
New Business Relation
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Update Notification Flag
Evet (Yes)
oda_CorrectionAnnouncementFlag|
Correction Notification Flag
Hayır (No)
oda_DateOfThePreviousNotificationAboutTheSameSubject|
Date Of The Previous Notification About The Same Subject
18.04.2025
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Postponed Notification Flag
Hayır (No)
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Announcement Content
oda_NatureOfTheOtherPartyWithWhichNewBusinessRelationWillStart|
Nature Of The Other Party With Which New Business Relation Will Start
Diğer (Other)
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Name Surname Or Company Title Of Customer Or Supplier
Stellantis Europe S.P.A
oda_IfExistsShareOfCustomerOrSupplierInNetSalesOrCostOfGoodsSoldOnLatestDisclosedProfitOrLossAndOtherComprehensiveIncomeStatementOfCompany|
If Exists Share Of Customer Or Supplier In Net Sales Or Cost Of Goods Sold On Latest Disclosed Profit Or Loss And Other Comprehensive Income Statement Of Company
In 2024, sales to Stellantis Europe S.P.A. amounts to 16% of the total sales of Tofaş and purchases from Stellantis Europe S.P.A. amounts to 48% of the cost of goods sold of Tofaş
oda_IfExistsShareOfCustomerOrSupplierInTradeReceivablesOrDebtsOnLatestDisclosedStatementofFinancialPositionOfCompany|
If Exists Share Of Customer Or Supplier In Trade Receivables Or Debts On Latest Disclosed Statement of Financial Position Of Company
As of June 30, 2025, trade receivables from Stellantis Europe S.P.A. amounts to 24% of the trade receivables of Tofaş and trade payables to Stellantis Europe S.P.A. amounts to 30% of the trade payables of Tofaş
oda_ExpectedStartingDateOfNewBusinessRelation|
Expected Starting Date O fNew Business Relation
08/09/2025
oda_IfExistSignificantProvisionsOfTheContractTextBlock|
If Exist Significant Provisions Of The Contract
Explained below
oda_ImpactOfNewBusinessRelationOnCompanyActivities|
Impact Of New Business Relation On Company Activities
Contribution to our local and export market growth object and broadining product range.
oda_ExplanationSection|
Explanations
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As disclosed on April 18, 2025, it was announced to the public that our Company had decided to invest in the production of a new light vehicle model, with an annual production capacity of 150,000 units including the complete knocked down units for export, to be manufactured in Turkey as of the third quarter of 2026 on a multi-energy platform for Stellantis brands (Fiat, Opel, Citroën, and Peugeot); and that, in this context contract negotiations with Stellantis Group regarding the project details and terms were initiated.

Within the scope of this announcement, our Company has signed a manufacturing agreement ("Manufacturing Agreement") with Stellantis Europe S.P.A granting us the right to produce and distribute in Turkey the "K9"'s light commercial vehicle and "Combi" versions in multi-energy platforms for Stellantis brands (FIAT, Opel, Citroën, Peugeot) and determining the conditions regarding the sale of the  vehicles and the spare parts.

In accordance with the Manufacturing Agreement, the project—which is planned to be implemented by the end of the third quarter of 2026 with an investment of up to 256 million Euros —will have an annual production capacity of 150,000 units, including completely knocked down (CKD) vehicles.

Following the completion of the investment activities under the scope of the project, approximately 660,000 vehicles—excluding CKD units—are targeted to be produced until the last quarter of 2034, with approximately 80% of the production allocated to the Turkish market.

In accordance with the Capital Markets Board's Corporate Governance Communiqué II-17.1 ("Communiqué"), since the amount of common and continuous transactions to be conducted under the Manufacturing Agreement is anticipated to exceed 10% of the annual revenue disclosed in the latest financial statements for sales transactions and 10% of the cost of sales for purchase transactions within a fiscal period, in addition to the reports on common and continuous transactions approved by the Board of Directors on February 28, 2025 and April 30, 2025 an additional report will be disclosed. This report will provide information on the terms of the transactions to be carried out under the Manufacturing Agreement and their comparison with market conditions.