As stated in our Company's fund utilization report, %25 of the funds obtained from the public offering, corresponding to 348.768.750 TL was utilized in working capital, including the payment of short-term USD denominated loans and the purchase of raw materials (imported coal), and %75 of the funds obtained from the public offering, corresponding to 1.046.306.250 TL was utilized in GES investments, for a net amount of 1.395.075.000 TL.
Pursuant to Article 33 of the Capital Markets Board's Equity Communiqué No. VII-128.1, the Audit Committee Report on the Utilization of the Funds Obtained from the Public Offering is attached hereto.
Regards,
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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