On 14.03.2022, we had disclosed that as part of our assessment  of the evolving investment opportunities in the automotive industry, Koç Holding signed a non-binding Memorandum of Understanding with Ford Motor Company ("Ford") and SK On Co., Ltd. ("SKO") in order to outline the preliminary intentions of the parties to explore collaboration possibilities and for Koç Group to become a party to the foreseen electric commercial vehicle battery production investment by Ford and SKO in Ankara.

There have been some news on the media regarding the cancellation of the joint venture efforts and based on such news, our Group Companies received numerous questions and comments.

The non-exclusive MoU signed among Koç, Ford and SKO is currently in force and   there is no change in Ford's intention to make the battery investment in Turkey with Koç. As such, all alternatives in the delivery of battery investment are being considered.

In case an official decision with legal implications is reached, necessary disclosures will be made in accordance with Capital Market Board's Communique II-15.1 on Material Events Disclosure.

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.