Dissolution of Direct Subsidiary

22.07.2019

The merger transaction under Suzuki Motorlu Araçlar Pazarlama A.Ş., through the takeover by Suzuki Motorlu Araçlar Pazarlama A.Ş., our direct subsidiary whereby we hold a 100% share in its entirely paid up capital of 67,000,000 Turkish Liras, of Glokal Motorlu Araçlar Pazarlama A.Ş., our direct subsidiary whereby we hold a 100% share in its again entirely paid up capital of 6,000,000 Turkish Liras has been registered on 22.07.2019 (today) by the İstanbul Commercial Registration Directorate. Following the abovementioned merger, "Glokal Motorlu Araçlar Pazarlama A.Ş" has been dissolved without liquidation. The said merger transaction does not have a material effect on our consolidated financial statements.

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