[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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Material Event Disclosure General
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Hayır (No)
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According to our Board of Directors Decision dated 17.11.2017 and numbered 2017/23, it has been resolved that:

i) in order to fulfill the Board Membership that will be vacated as result of the resignation of Mr. Yılmaz Tecmen, Vice Chairman of the Board of our Company, from the Board of Directors as of December 31, 2017; Mr. Mehmet Timuçin Tecmen, a direct and indirect shareholder of the Company will be assigned as a Member of the Board of Directors from January 1, 2018 onwards in accordance with the Turkish Commercial Code Article 363 and subject to the approval of the next General Assembly, and Mr. Yılmaz Tecmen will be named the Honorary Vice Chairman,


ii) Mrs. Banu Aksoy Tarakçıoğlu, an existing Member of the Board of Directors, Member of Executive Committee and Member of Early Detection of Risk Committee of our Company, will be assigned to the vacant Vice Chair position as the Vice Chairwoman from January 1, 2018 onwards as result of Mr. Yılmaz Tecmen's resignation,

iii) Mr. Saffet Batu Aksoy, CEO and Member of the Board of Directors of our Company, will be assigned to the vacant Board Member position at our subsidiary Shell & Turcas Petrol A.Ş., as result of Mr. Yılmaz Tecmen's resignation, to represent our Company.

Mehmet Timuçin Tecmen's CV can be found in the attached file.

Kind regards,