TURCAS PETROL A.Ş.

M&A Activity • Oct 13, 2017

Summary Info	About the merger of our subsidiary, Turcas Enerji Holding A.Ş. (TEHAŞ) via acquisition by Turcas Petrol A.Ş
Update Notification Flag	No
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 Date	12.10.2017
Was The Process Completed For The Merging Companies?	No

Additional Explanations

As disclosed in our Company's public disclosure dated 18 September 2017, with an aim to improve effective management of subsidiaries and enhance resource optimization, it has been resolved to merge with our 100% subsidiary TEHAŞ via takeover method whereby all assets and liabilities of TEHAŞ shall be transferred to Turcas Petrol A.Ş. as a whole and carry out necessary transactions in accordance with Turkish Commercial Code, Capital Markets Law, Corporate Tax Law and related legislation

In this regard, merger agreement regarding the mentioned transaction was signed and announced to the public. In addition, Capital Markets Board application was submitted on 12.10.2017.

Further details about the process will be shared with the public in a timely manner.

Kind regards,

Documents Regarding Merger

Appendix: 1	Birleşme Sözleşmesi.pdf - Merger Contract