Announcement Regarding Karel’s Contract Renewal with Key Customer

07.05.2025

Our 40% subsidiary Karel Elektronik has renewed its Regional Solution Partnership Service Agreement with Turkcell İletişim Hizmetleri A.Ş., Superonline İletişim Hizmetleri A.Ş., and Kule Hizmet ve İşletmecilik A.Ş. The agreement covers malfunction response, maintenance-repair, and installation services across a total of 57 provinces and is effective as of April 1, 2025. The agreement is based on semi-annual price adjustments and our revenue expectation over the 3-year-term-contract will be approximately 20 billion TL.

Respectfully announced to the public and our shareholders.

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