[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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As previously announced in our Company's Public Disclosure dated 30 October 2017, Provisional Acceptance process performed by the Ministry of Energy regarding our Company's 92% subsidiary TKJ's geothermal power plant with a planned installed capacity of 18 MW in Aydın province, Kuyucak town had been completed for the 10 MW part on 27 October 2017.

Above mentioned Provisional Acceptance process has been completed for the remaining 8 MW part as of 7 December 2017. Accordingly, TKJ will participate in  Renewable Energy Sources Support Mechanism ("RESSM") as of 1 January 2018 with the start of commercial operations.

Therefore TKJ is eligible for selling electricity at a price of 11.8 USDc/kWh for the first 5 years of its operations thanks to local equipment utilization incentives, and 10.5 USDc/kWh for the second 5 year period via RESSM following commercial operation date of 01 January 2018.

At the beginning of 2018, our Company plans to start slim drilling studies within 4,537 hectare area in Manisa thanks to our expertise obtained during TKJ investment.

Further details about the process will be shared with the public in a timely manner.

Kind regards,