TÜRK PRYSMİAN KABLO VE SİSTEMLERİ A.Ş. Özel Durum Açıklaması (Genel) 16 Haziran 2025

With the PDP statement made on 16.10.2024, it was stated that Prysmian Group decided to support its affiliate Türk Prysmian Kablo ve Sistemleri A.Ş. through the licensee and service providers Prysmian S.p.A. and Prysmian Cavi e Sistemi Srl. to keep the operational costs of our Company at a minimum due to the Company's foreign exchange risk and the costs of financial instruments used for the management of such risk and that the relevant agreement terms reached with the aforementioned Prysmian entities granting waiver with certain conditions being met was presented to our shareholders. 

As is known, the conditions foreseen for the waiver within the scope of the aforesaid agreement, taking into account the TCMB "1-week repo" interest rate, have been realized separately for both the full year of 2024 and the first 3-month period of 2025; this situation has been positively reflected in the Company's results in these terms, and the data up to this date supports the prediction that the conditions for the waiver will be met for the second quarter of 2025. 

The similar course of the macroeconomic indicators that provide the conditions for the exceptional waiver in question; the negative financial effects caused by high-risk periods and an the fact that the costs of medium and long-term forward contracts used by our Company as hedging instruments are still high indicates that the negative financial impact in question will continue to affect our Company's activities in the near term. As a result of the discussions held with the Prysmian Group Central Management within this context, it was decided that the support provided for 2024 and the first half of 2025 will continue to cover the third and fourth quarters of 2025 and the entire year of 2026. 

In line with this decision, the licensee Prysmian S.p.A. and the service provider Prysmian Cavi e Sistemi SrL ; have agreed to waive all receivables arising from the License Agreement, Service Agreement, Information Processing (IT) Services Agreement and SAP Consolidation Program Usage Fee Agreement (hereinafter referred to as the "Agreements") in the event that the quarterly average of the TCMB "1-week repo" interest for the period ending is 15% or above 15% at the end of each 3-month period (quarter) for the second half of 2025 and for the year 2026, and the Agreements have been revised accordingly again. 

As of January 1, 2027, the Agreements will continue with the previous conditions, and the waivers provided for under certain conditions for 2024, 2025 and 2026 will not constitute vested rights for Türk Prysmian Kablo ve Sistemleri A.Ş.

We submit for the information of the public.

Best regards,

Türk Prysmian Kablo ve Sistemleri A.Ş.