[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
oda_UnusualPriceAndVolumeMovementsAbstract|
Unusual Price and Volume Movements
oda_UpdateAnnouncementFlag|
Update Notification Flag
Hayır (No)
oda_CorrectionAnnouncementFlag|
Correction Notification Flag
Hayır (No)
oda_DateOfThePreviousNotificationAboutTheSameSubject|
Date Of The Previous Notification About The Same Subject
-
oda_DelayedAnnouncementFlag|
Postponed Notification Flag
Evet (Yes)
oda_AnnouncementContentSection|
Announcement Content
oda_ExplanationSection|
Explanations
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Pursuant to the letter of Borsa İstanbul dated 22.09.2022 and numbered 11362, it was deemed necessary to make the the following announcement.

Negotiations are ongoing between our Company, its controlling shareholder Zorlu Holding A.Ş. and Wren House Infrastructure LP ("WH") (an affiliate of KIA) for the sale of a majority stake in our wholly-owned subsidiary ZES N.V. ("ZES") incorporated in the Netherlands and a minority stake in our Company and for the amendment of the loan agreement that was entered into with Kuwait Investment Authority ("KIA") . Due and timely disclosures will be made in connection with the developments on these negotiations.

Our Company has decided to postpone the announcement of the commencement of negotiations with the resolution of board of directors dated 24.06.2022 and numbered 2022/33 in accordance with Article 6 of the Material Events Communiqué numbered II-15.1 in order to prevent harm to the legitimate interests of our Company and misleading our investors, due to the uncertainties in the transaction structure and terms and the lack of materialization in the will of the parties regarding the transaction, when the negotiations regarding the above-mentioned transactions were initiated. Upon the completion of the negotiation process regarding the transaction, the materialization of the will of the parties and the clarification of the transaction structure and terms, the necessary announcement is made immediately when the grounds for postponement are cleared.

This disclosure we made from the Extraordinary Price and Quantity Movements template is the same as the content of the disclosure made on 23.09.2022 at 09:37.

This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.