[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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Material Event Disclosure General
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Explanations
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The Collective Bargaining between Tüpraş and Petrol-İş Union covering the period 01 January 2017 to 31 December 2018 was concluded with the agreement on May 15, 2017.

According to the agreement, a wage increase of 9% for the first six months, an increase at inflation rate for the second and third six month periods, and an increase at inflation rate plus 0,50 for the fourth six months is provided.

Additionally, improvements in social benefits were also provided.

In case of a discrepancy between the Turkish and the English versions of this disclosure, the Turkish version shall prevail.