Previously our company announced that: i) a Share Purchase Agreement was signed in order to purchase all of Stellantis Otomotiv Pazarlama A.Ş.’s (Stellantis Otomotiv) shares together with its operations and distribution rights of Stellantis brands (Peugeot, Citroen, Opel and DS Automobiles) in Turkey (with our disclosure dated 29.07.2023); ii) as a result of its evaluations made with regards to the necessary approval, the Competition Board decided to commence the final review process (with our disclosure dated 05.12.2023) and; iii) our company has been notified by the Competition Board on its decision extending the final review period and that the process is ongoing (with our disclosure dated 24.05.2024).

In the announcement published on the Competition Authority’s website yesterday, it was stated that the commitments given regarding the transaction were deemed insufficient by the Competition Board to approve the transaction.

As per competition law regulations, the relevant decision is of an interim nature and following detailed evaluations to be made after the notification of the relevant decision to our company, our additional explanations will be submitted to the Competition Board within the legal period. As the relevant decision is not final and the process is ongoing, important developments regarding the matter will be shared with our investors.

This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.