Approximately TRY 30 million out of the figure derived through the sale of shares effected today by the company’s shareholders shall be used for paying out the loan from Alternatif Bank, extended in consideration of the guarantees regarding ODAS shares, whereas at least TRY 50 million out of the remaining balance shall be transferred to our subsidiary Çan Kömür ve İnşaat A.Ş., for the payment of the loan provided by a consortium comprised of Yapı Kredi Bank and Halkbank.
The most important motive for the share sale effected is to use the amounts for additional loan payments demanded in the process of converting the loan received for Çan-2 Thermal Power Plant to TRY in maximum rates with extended terms, procuring refinancing prior to capital increase.
Kindly announced to the public.
In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
