[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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Material Event Disclosure General
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Hayır (No)
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Our Board of Directors resolved to participate in the capital increase of our Company's 100% subsidiary Kuleli Tankercilik A.Ş. (‘Kuleli') to raise its capital by 80.000.000 TL to  98.000.000 TL, and to commit and pay the increased amount in cash and free of collusion  until December 31, 2020. Kuleli, in return, will participate in the capital increase of Bal Kaynak Su İthalat İhracat Sanayi ve Ticaret A.Ş., 100% of which was taken over by Kuleli on March 14, 2019, in order to close its short term loans and to finance the ongoing investments and working capital requirements regarding its water business.