Emlak Konut Gayrimenkul Yatirim Ortak : The Revision of Company's Year-End Target

EMLAK KONUT GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş.

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The Revision of Company's Year-End Target

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In 2016, our company has continued its growth and tender activities and completed 7 different revenue sharing model tenders as planned, Emlak Konut's total share in these tenders was 2,28 billion TL.

This result is an indicator of continuing successful tenders this year as in the past.

As well, in some of our projects in completion process, the completion period was faster than our expectation.

Because of this reason, we are revising our year-end profit expectation of 1,5 billion TL that we announced at the beginning of the year to 1,8 billion TL.

As being Emlak Konut, we will also continue to work, in order to be able to increase our profitability and our growth, and at the same time, in order to contribute the economy of our country and to provide high quality living space to the people.

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.