TURCAS PETROL A.Ş.

M&A Activity • Nov 21, 2017

Summary Info	About the Capital Markets Board Application Result regarding merger between Turcas Petrol A.Ş. and Turcas Enerji Holding A.Ş.
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No

Board Decision Date	18.09.2017
Merger Model	Merger Through Acquisition
Date Of Financial Statements Base To Merger	30.06.2017
Currency Unit	TRY

Acquired Company	Trading On The Stock Exchange/Not Trading On The Stock Exchange	Share Exchange Rate	Group of Share To Be Distributed To Acquired Company Shareholders	Form of Share To Be Distributed To Acquired Company Shareholders
Turcas Enerji Holding A.Ş.	Not Trading On The Stock Exchange

Share Group Info	Paid In Capital	Amount Of Capital To Be Increased Due To The Acquisition (TL)	Capital To Be Decreased (TL)	Target Capital	New Shares To Be Given Due To Merger
A Grubu, TRCAS, TRATRCAS92E6	269.999.850	0	0	269.999.850
B Grubu, İşlem Görmüyor, TRETRCS00019	112,5	0	0	112,5
C Grubu, İşlem Görmüyor, TRETRCS00027	37,5	0	0	37,5

	Paid In Capital	Amount Of Capital To Be Increased Due To The Acquisition (TL)	Capital To Be Decreased (TL)	Target Capital
TOTAL	270.000.000 TL	0 TL	0 TL	270.000.000 TL

Capital Market Board Application Date Regarding Merger	12.10.2017
Capital Market Board Application Result Regarding Merger	APPROVAL
Capital Market Board Approval Date Regarding Merger	17.11.2017
Capital Market Board Application Date	12.10.2017
Capital Market Board Application Result	APPROVAL
Capital Market Board Approval Date	17.11.2017
Was The Process Completed For The Merging Companies?	No

Additional Explanations

As previously announced in our Company's Public Disclosure dated 13.10.2017, Turcas Petrol A.Ş. has applied to Capital Markets Board for the approval of "Text of Announcement" regarding the merger with

Turcas Enerji Holding A.Ş. (our 100% subsidiary and registered to Istanbul Trade Registry Directorate numbered 68781) via takeover method whereby all assets and liabilities of Turcas Enerji Holding A.Ş. shall be transferred to Turcas Petrol A.Ş. as a whole, with an aim to improve effective management of subsidiaries and enhance resource optimization. Accordingly, "Text of Announcement" has been approved by the meeting of Capital Markets Board dated 17.11.2017 and numbered 42/1407. Text of Announcement, Merger Agreement and related financials are attached together with this Public Disclosure.

Following this step, there will be an application to İstanbul Trade Registration Office for the registration of merger transaction. Further developments related to registration will be shared with the public timely.

Documents Regarding Merger

Appendix: 1	Birleşme Sözleşmesi.pdf - Merger Contract
Appendix: 2	Duyuru Metni.pdf - Announcement Text
Appendix: 3	TP mali tablo.pdf - Other
Appendix: 4	TEHAŞ mali tablo.pdf - Other
Appendix: 5	Birleşme Açılış Bilançosu.pdf - Estimated Opening Balance Sheet