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English
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oda_RelatedPartyTransactionsAbstract|
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Evet (Yes)
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Hayır (No)
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02.04.2025
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Hayır (No)
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As per our Company's Board of Directors' resolution dated July 1, 2025; in order to improve the working capital of our company, the loan of TRY 500.000.000 with a maturity date of July 1, 2025, which was used on April 5, 2024 and most recently renewed on April 2, 2025, from Goodyear S.A., our parent company, located in Luxembourg, will be renewed with a maturity date of December 29, 2025, and the interest rate to be applied in the related loan transaction is in accordance with the evaluation report dated July 1, 2025 prepared by Kuzey Yeminli Mali Müşavirlik ve Bağımsız Denetim A.Ş.
The summary of the findings in the evaluation report, which includes the assumptions used in the evaluation and the evaluation results, is presented to the attention of our shareholders below.
The information on the interest rates applied by banks to commercial loans in TRY with similar terms was compiled separately, and as a result of the studies conducted using this data, a comparable price range of 44.25% to 52.50% was reached.
In this context, it is determined that as long as the interest rate to be applied for the TRY loan to be granted by Goodyear S.A., the group company established in Luxembourg to Goodyear Lastikleri T.A.Ş. is in a range expanding from (44,25%- 52,50%), this transaction will be considered as performed in line with the arm's length principle in terms of transfer pricing practices, unless there is a significant change in market conditions.
In case of a discrepancy between the Turkish and the English versions of this disclosure, the Turkish version shall prevail.
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