TÜRKİYE ŞİŞE VE CAM FABRİKALARI A.Ş.

M&A Activity • Sep 17, 2020

Summary Info	Notification regarding merger process
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No
Related Companies	ANACM, DENCM, TRKCM, SODA

Board Decision Date	27.04.2020
Merger Model	Merger Through Acquisition
Date Of Financial Statements Base To Merger	31.12.2019
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
ANADOLU CAM SANAYİİ A.Ş.	Trading On The Stock Exchange	0,88239
DENİZLİ CAM SANAYİİ VE TİCARET A.Ş.	Trading On The Stock Exchange	0,33089
TRAKYA CAM SANAYİİ A.Ş.	Trading On The Stock Exchange	0,67615
SODA SANAYİİ A.Ş.	Trading On The Stock Exchange	1,15997
PAŞABAHÇE CAM SANAYİİ VE TİCARET A.Ş.	Not Trading On The Stock Exchange	0,53423

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
SISE, TRASISEW91Q3	2.250.000.000	814.228.446,43		3.064.228.446,43	SISE, TRASISEW91Q3

	Paid In Capital	Amount Of Capital To Be Increased Due To The Acquisition (TL)	Capital To Be Decreased (TL)	Target Capital
TOTAL	2.250.000.000 TL	814.228.446,43 TL	0 TL	3.064.228.446,43 TL

Capital Market Board Application Date Regarding Merger	27.04.2020
Capital Market Board Application Result Regarding Merger	APPROVAL
Capital Market Board Approval Date Regarding Merger	23.07.2020
Date of Related General Assembly	28.08.2020
Was The Issue Of Merger Negotiated? Was It Accepted?	Accepted

Additional Explanations

The general assembly meeting was held on 28 August 2020 in respect of the merger of Anadolu Cam Sanayii A.Ş., Denizli Cam Sanayii ve Ticaret A.Ş., Paşabahçe Cam Sanayii ve Ticaret A.Ş., Soda Sanayii A.Ş. and Trakya Cam Sanayii A.Ş. under Türkiye Şişe ve Cam Fabrikaları A.Ş. ("Şişecam") through their acquisition ("Merger"), and the Merger was approved.

With the approval of the Merger, the relevant parties may exercise/enjoy their retirement right as of 3 September 2020 until 23 September 2020. Upon the expiration of term of the retirement right, the amount of the capital increase to be made in the share capital of Şişecam will be determined. Upon determination of the capital increase amount, Article 7 of Şişecam's Articles of Association which is entitled "Capital" and which incorporates the final capital amount, will be submitted to the approval of the Board of Directors of Şişecam.

Registration applications regarding the Merger, the capital increase to be carried out in the share capital of Şişecam and other amendments to the Articles of Association are planned to be made to the Istanbul Trade Registry Office on 24 September 2020. With respect to the aforementioned applications, it is envisaged that the Merger, Şişecam capital increase and other amendments to the Articles of Association are to be registered as of 30 September 2020.

Kindly be informed.