Turcas Petrol sells its shares in Turcas Kuyucak to a French company

In the statement made by Turcas Petrol to the Public Disclosure Platform (KAP) on the subject, “As stated in our Material Disclosure dated 10/12/2021, Geothermal Energy with an installed capacity of 18 MW in Aydın Province Kuyucak District, in which we have 100% shares. In Turcas Kuyucak Geothermal Elektrik Üretim A.Ş. ("Turcas Kuyucak"), the owner and operator of our power plant, it was decided to evaluate strategic options regarding the shares of our Company (including the sale of shares up to 100%).

In this context, Albioma SA, a French energy company whose shares are traded on the Euronext Paris Stock Exchange, and Turcas Petrol A.Ş. has signed a Share Purchase Agreement ("Agreement") dated 21/12/2021 regarding the sale of all of Turcas Petrol A.Ş.'s shares in Turcas Kuyucak. The said share transfer transaction is subject to the completion of the preconditions specified in the Agreement, primarily the approvals of the relevant regulatory agency and Turcas Kuyucak's approval of the Creditor Bank for the transfer of shares.” statements were included.