Our company has signed a new cooperation agreement with Toyota Motor Europe. Under this agreement, Karsan Otomotiv will develop hydrogen vehicles by integrating Toyota Motor Europe’s Hydrogen Fuel Cell Module fuel cells. The related agreement was signed on 27.08.2024.

Regarding the contract mentioned in this disclosure, with the decision of our Company’s Board of Directors numbered 2024/23, within the scope of Article 6 of the CMB Special Cases Communiqué (II-15.1), it has been decided to postpone the public disclosure of the inside information regarding the said contract signature to the public until the end of the process. The decision to postpone the disclosure of inside information to the public was taken in order not to deceive the investors and in order to protect the legal rights, competitiveness and bargaining power of our Company.

Yours faithfully,

The English translation of this disclosure is provided and in case of any discrepancy between the Turkish and the English versions of this disclosure, the Turkish version shall prevail.