[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
oda_NoncurrentFinancialAssetSaleAbstract|
Non-Current Financial Asset Sale
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
Hayır (No)
oda_AnnouncementContentSection|
Announcement Content
oda_BoardDecisionDateForSale|
Board Decision Date for Sale
25/03/2026
oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForSale|
Were Majority of Independent Board Members' Approved the Board Decision for Sale?
Yes
oda_TitleOfNoncurrentFinancialAssetSold|
Title of Non-current Financial Asset Sold
Ataş Anadolu Tasfiyehanesi Anonim Şirketi
oda_FieldOfActivityNoncurrentFinancialAssetSold|
Field of Activity of Non-current Financial Asset Sold
Fuel storage terminal operation
oda_CapitalOfNoncurrentFinancialAssetSold|
Capital of Non-current Financial Asset Sold
8,400,000 TL
oda_DateOnWhichRheTransactionWasWillBeCompleted|
Date on which the Transaction was/will be Completed
25/03/2026
oda_SalesConditions|
Sales Conditions
Peşin (Cash)
oda_NominalValueOfSharesSold|
Nominal Value of Shares Sold
506,024 TL
oda_SalesPricePerShare|
Sales Price Per Share
6.060293 USD
oda_TotalSalesValue|
Total Sales Value
3,066,654.02 USD
oda_RatioOfSharesSoldToCapitalOfNoncurrentFinancialAsset|
Ratio of Shares Sold to Capital of Non-current Financial Asset (%)
6.02
oda_TotalRatioOfSharesOwnedInCapitalOfNoncurrentFinancialAssetAfterSalesTransaction|
Total Ratio of Shares Owned in Capital of Non-current Financial Asset After Sales Transaction (%)
0
oda_TotalVotingRightRatioOwnedInNoncurrentFinancialAssetAfterSalesTransaction|
Total Voting Right Ratio Owned in Non-current Financial Asset After Sales Transaction (%)
0
oda_RatioOfNoncurrentFinancialAssetSoldToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
Ratio of Non-current Financial Asset Sold to Total Assets in Latest Disclosed Financial Statements of Company (%)
0.92
oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
Ratio of Transaction Value to Sales in Latest Annual Financial Statements of Company (%)
0
oda_EffectsOnCompanyOperations|
Effects on Company Operations
According to STAŞ's Operating Agreement dated 2006, the storage capacity corresponding to the direct shares we, as Turcas, hold in ATAŞ has been allocated to STAŞ as of the date of the Operating Agreement and utilized by STAŞ to support its operations. On the other hand, in accordance with ATAŞ's Joint Operating Agreement, all shareholders including Turcas is obligated to contribute to certain operational expenses and investment expenditures of ATAŞ in proportion to their shareholding in ATAŞ. Our company, as a shareholder, has contributed to these expenses in proportion to its shareholding in ATAŞ to date. The aim of this transaction is to transfer the benefits and costs related to ATAŞ to the same balance sheet, thereby establishing a more efficient structure from a group perspective, both financially and operationally.
oda_ProfitLossArisedAfterTransaction|
Profit / Loss Arised After Transaction
According to the Turkish Tax Procedure Law (VUK) financial statements, a loss of 8,908,822 TL has been recorded.
oda_HowWillSalesProfitBeUsedIfExists|
How will Sales Profit be Used if Exists?
The funds are planned to be used for investments in line with our company's growth, geographical and portfolio diversification, and generating attractive returns in foreign currency.
oda_BoardDecisionDateForUseOfSalesProfitIfExists|
Board Decision Date for Use of Sales Profit if Exists
-
oda_TitleNameSurnameOfCounterPartyBought|
Title/ Name-Surname of Counter Party Bought
Shell & Turcas Petrol A.Ş.
oda_IsCounterPartyARelatedPartyAccordingToCMBRegulations|
Is Counter Party a Related Party According to CMB Regulations?
Evet (Yes)
oda_RelationWithCounterPartyIfAny|http://www.xbrl.org/2003/role/verboseLabel
Relation with Counter Party if any
It is a 30% subsidiary of the company.
oda_AgreementSigningDateIfExists|
Agreement Signing Date if Exists
25/03/2026
oda_ValueDeterminationMethodOfNoncurrentFinancialAsset|
Value Determination Method of Non-current Financial Asset
Bargaining method
oda_DidValuationReportBePrepared|
Did Valuation Report be Prepared?
Düzenlenmedi (Not Prepared)
oda_ReasonForNotPreparingValuationReportIfItWasNotPrepared|
Reason for not Preparing Valuation Report if it was not Prepared
The Total Sale Price is below the threshold determined by the Capital Markets Board (CMB).
oda_DateAndNumberOfValuationReport|
Date and Number of Valuation Report
-
oda_TitleOfValuationCompanyPreparedReport|
Title of Valuation Company Prepared Report
-
oda_ValueDeterminedInValuationReportIfExists|
Value Determined in Valuation Report if Exists
-
oda_ReasonsIfTransactionWasntWillNotBePerformedInAccordanceWithValuationReport|
Reasons if Transaction wasn't/will not be performed in Accordance with Valuation Report
-
oda_ExplanationSection|
Explanations
oda_ExplanationTextBlock|
Pursuant to Resolution of Board of Directors of our Company dated 25.03.2026; it has been decided to transfer our Company's 6.02% shares (Shares Subject to Sale) in ATAŞ, located in Mersin and operating as a fuel storage terminal with a storage capacity of 577,000 m3, and the assets subject to the Joint Operating Agreement to which our company is a party with ATAŞ and which are included in its balance sheet (Assets Subject to Sale) to Shell & Turcas Petrol A.Ş. (STAŞ) of which we hold a 30% stake for a consideration (Total Sale Price) of USD 4,900,000 (both transfers together constitute the Transaction).

According to STAŞ's Operating Agreement dated 2006, the storage capacity corresponding to the direct shares we, as Turcas, hold in ATAŞ has been allocated to STAŞ as of the date of the Operating Agreement and utilized by STAŞ to support its operations. On the other hand, in accordance with ATAŞ's Joint Operating Agreement, all shareholders including Turcas is obligated to contribute to certain operational expenses and investment expenditures of ATAŞ in proportion to their shareholding in ATAŞ. Our company, as a shareholder, has contributed to these expenses in proportion to its shareholding in ATAŞ to date. The aim of this transaction is to transfer the benefits and costs related to ATAŞ to the same balance sheet, thereby establishing a more efficient structure from a group perspective, both financially and operationally.

The Transaction was completed on March 25, 2026 (Closing Date) with the collection of the Total Sale Price. Accordingly, Turcas no longer holds direct shareholding in ATAŞ, and STAŞ's direct shareholding in ATAŞ has increased from 32.53% to 38.55% (as a result, Turcas's indirect shareholding in ATAŞ increased to 38.55% x 30% = 11.57%). The other direct shareholder / controlling partner of ATAŞ, with a 61.45% stake, is the Petrol Ofisi Group.

In addition to these payments, in accordance with the agreements related to the Transaction, the net amount of 15,381,917.90 TL + VAT that has already been paid by our Company to ATAŞ from January 1, 2026, until the Closing Date, as reflected in accordance with the Joint Operating Agreement, was also paid by STAŞ to Turcas on the Closing Date against an invoice.

Details regarding the Transaction are shared in the Non-current Financial Asset Sale and Non-current Asset Sale templates.

We present this information to the public.

Best regards.