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Our Company's Head Office has switched to remote working effective from 20 March 2020 onwards due to Coronavirus (COVID-19) outbreak while minimizing any potential disruptions in business processes. Turcas Petrol A.Ş. ("Turcas"), an investment company focused on oil and energy sector, operates in 3 main business segments via its subsidiaries and associates: 1) Our 30% subsidiary operating in fuel distribution and lubricants sector, Shell & Turcas Petrol A.Ş. ("Shell & Turcas"), prioritized ensuring health and safety of its customers, business partners and employees while continuing uninterrupted delivery of its products. Shell & Turcas follows all of the information, regulations and warnings published by Republic of Turkey's Ministry of Health and other relevant Ministries with utmost attention. Accordingly; employees working at Head Office and production facilities were trained in order to increase awareness. Precautions like continuously disinfecting common working spaces, rearranging business travel and meetings were taken with utmost attention. Business continuity plans under different scenarios were prepared and tested if possible in order to prevent any disruption in supply of fuel, LPG, natural gas, lubricants and petrochemical products to customers operating in different business segments. Also, a set of precautions were taken regarding health conditions of business partners within field operations including fuel stations, employees working at fuel stations and customers visiting fuel stations. Fuel station management teams were informed about these precautions. In this perspective, disinfections are carried out in fuel stations while informative banners about coronavirus are placed inside these stations. Necessary directives are given to fuel station management teams regarding required hygiene products. Shell&Turcas closely monitors the process, new regulations and is ready to take action swiftly in case additional precautions have to be taken according to new developments. 2) Our 30% subsidiary operating in conventional power generation sector, RWE & Turcas Güney Elektrik Üretim A.Ş. ("RWE & Turcas") has switched to remote working method at its Head Office. Currently, power generation at 800 MW Combined Cycle Gas Power Plant in Denizli continues while taking necessary precautions set by Ministry of Health related to health, hygiene, safety, environment etc. 3) Our 100% associate operating in renewable power generation sector, Turcas Kuyucak Jeotermal Elektrik Üretim A.Ş. ("Turas Kuyucak") has switched to remote working method at its Head Office. Currently, power generation at 18 MW Geothermal Power Plant in Aydın continues while taking necessary precautions set by Ministry of Health related to health, hygiene, safety, environment etc. Further information regarding the process will be shared with the public in a timely manner. Kind regards,
Note: In case of a discrepancy between Turkish and English versions of this disclosure, Turkish version shall prevail.
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