Material Event Disclosure General
[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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Material Event Disclosure General
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Following the completion of the Contribution Agreement between Whirlpool Corporation and Arçelik's European operations under Arçelik's control, discussions have started with relevant authorities, national and regional trade unions, and employee representatives in Italy, in order to assess the long-term sustainable transformation plan for its operations in the country. During the meetings, Beko Europe provided information on macroeconomic conditions, industry contraction, and productivity issues due to excess capacity in the country. Strategic approaches were shared, such as the importance of Italy in the cooking category and industrial design, as well as the evaluation of the future of the laundry and refrigeration operations, in line with the company's commitment to improving the efficiency of its operations in Italy.

Discussions on the details of the long-term plan will continue, and significant developments related to the matter will be shared with our investors.

We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.