Following the latest assessment by the international credit rating agency Moody's, our Company's Long-Term CFR has been revised from "Caa2" to " Caa3", and the related PDR has been revised from "Caa2-PD" to "Caa3-PD". In addition, the rating of the Company's USD 500 million guaranteed senior unsecured notes due 2029 has been revised from "Caa2" to "Caa3". The outlook for all ratings has remained "Negative."
This statement was translated into English for informative purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure, the Turkish version shall prevail.