Regarding to the Prevelant and Sustained Process' of Kardemir, within the scope of Corporate Governance Communique numbered II-17.1, a report has been prepared by the Independent Auditing Firm and the sum of the report;
"It has been stated that the turnover to the related parties, within the scope of the CMB Communique, were over the list price and the sample has also confirmed the same pricing for the related and unrelated parties.
Consequently Kardemir's operations with the related parties are in compliance with the arm's length principles."
Respectfully Submitted.
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.
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