We refer to the announcements dated 15 May 2024, 12 June 2024 and 6 August 2024 in relation to the Offer. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcements.

We wish to announce that the Company had on 19 August 2024, received a press release from AmInvestment Bank, on behalf of the Joint Offerors, informing the Company that the Pre-Condition relating to the receipt of a non-infringement decision from the Turkish Competition Board ("TCB") pursuant to Article 7 of Law No. 4054 on the Protection of Competition (as may be amended, modified or re-enacted by other legislation), as set out in Section 2.1.2 of the Pre-Conditional Offer Announcement, has been fulfilled. 

The Company was also informed vide the press release that save for the approval required from the TCB as mentioned above, there are no other approvals/consents required from the relevant authorities/parties in Türkiye.

Notwithstanding the above, the making of the Offer is still subject to the satisfaction (without conditions or on conditions reasonably satisfactory to the Joint Offerors) or waiver by the Joint Offerors of the Pre-Condition as set out in Section 2.1.1 of the Pre-Conditional Offer Announcement.

This announcement does not amount to a firm intention to make the Offer by the Joint Offerors, and accordingly, there can be no certainty that the Offer will be made even if the remaining Pre-Condition is satisfied (without conditions or on conditions reasonably satisfactory to the Joint Offerors) or waived.

Please refer to the attached press release for further details.

This announcement is dated 19 August 2024.