OMV PETROL OFISI AS As explained in the related public disclosure dated 24 July 2014, the application of the controlling shareholder of our Company, OMV Aktiengesellschaft ("OMV AG") to our Company made on 24 July 2014for exercising its squeeze-out right under the current Communiqué on the Squeeze-Out and Put Option Rights (II-27.1) ("Communiqué") of the Capital Markets Board ("CMB") within the scope of its public disclosure made through the Public Disclosure Platform on 10 July 2014 has been evaluated by the Board of Directors of our Company, and it has been determined that (i) OMV AG, together with OMV Petrol Ofisi Holding Anonim Şirketi ("POHAŞ")which is a directly fully owned subsidiary of OMV AG and thus a person acting in concert, holds more than 95% of the voting rights of the Company within the meaning of the Communiqué, (ii) the purchase price determined as TRY 4.50 per share is accurate and has been calculated in line with the Communiqué, and (iii) it has been resolved that the shares (except those owned by OMV AG and POHAŞ, the person acting in concert) in the Company shall be cancelled and new shares in the Company shall be issued instead of such cancelled shares, and that the Company shall apply to the CMB for the approval of the share issuance certificate and to Borsa Istanbul Anonim Şirketi for the delisting of the shares of the Company.
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