With the authorization of the Company`s General Assembly dated 25.11.2024 and the decision of the Board of Directors dated 28.02.2025, it was resolved and publicly disclosed that all of our shares (48.88%) in our subsidiary, Razi Petrochemical Co., would be sold through a tender process. The related announcement specified that the tender would be conducted in two stages: a closed bidding phase followed by an auction.
As announced to the public, the closed bidding phase of the two-stage tender process has been completed, and the results have been evaluated by the Board of Directors. In accordance with the Board of Directors` resolution dated 02.06.2025, it has been decided to proceed to the auction phase with the bidders who submitted proposals.
Respectfully submitted to the public.
This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.