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Additional Explanations
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Our company is evaluating long-term financing opportunities including options in international debt capital markets, particularly in relation to the refinancing its Eurobond maturing in 2022 as well as financing its upcoming working capital needs. For this purpose, on April 29, 2021, our Board of Directors resolved to authorize our senior management regarding private placement and/or issuance of bond, commercial paper or any other debentures, in one or more tranches of issuance and in various types and terms, to real and legal persons domiciled outside Turkey, without public offering, up to USD 1,000,000,000 (One billion US Dollars) or its equivalent in another currency, with fix and/or floating rates to be determined as per the current market conditions at the date of the issuance; to obtain necessary approvals from the Capital Markets Board and other relevant agencies, to determine the transaction terms and placement; and performing all acts and transactions in connection therewith including the completion of sale. Following the resolution of the Board of Directors, the Company has made an application to the Capital Markets Board ("Board") on May 3rd, 2021 (today) regarding the planned debt issue abroad in order to be registered by the Board pursuant to the Capital Market Law No. 6362 and the provisions of Communique VII-128.8 on Debt Securities of Capital Markets Board and other relevant legislation.
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We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.