[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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As previously announced in our Company's Public Disclosures dated 26 September 2018, 13 March 2020 and 21 September 2020 Competition Authority had launched an investigation on various fuel distribution companies, including our 30% subsidiary Shell & Turcas Petrol A.Ş (STAŞ) following preliminary enquiries regarding violation of Law Numbered 4054, 4 th article and Competition Authority had fined STAŞ 348,154,458.54 TL, which is 1% of previous year's revenues .

Following the reasoned decision, STAŞ has paid 261,115,843.91 TL (which is 75% of the penalty) by benefiting from the early payment discount of 25%.

STAŞ is fully compliant with related legislation and agreements while running its operations. STAŞ does not accept the allegations stated in Competition Authority's reasoned decision and considering the necessary legal actions against the decision.

Further information regarding the process will be shared with the public in a timely manner.

Kind regards,