GESAN/GIRISIM ELEKTRIK SANAYI TAAHHUT VE TICARET A.S.

We have received the following statement from our shareholders, Mr. Muhittin Behiç Harmanlı, Mr. Ali Gökhan Öztürk, Mr. Ramin Malek, and Mr. Mesut Baz, regarding their shareholdings in our Company and in our subsidiary, Europower Enerji ve Otomasyon Teknolojileri Sanayi Ticaret A.Ş., in relation to the evaluation of various strategic alternatives, including an M&A (eng. “mergers & acquisitions”, tr. “birleşme ve satın alma”) transaction:

“Following various inquiries received from strategic investors, we have commenced an evaluation of different strategic alternatives relating to our shareholdings in Girişim Elektrik Sanayi Taahhüt ve Ticaret A.Ş. and its subsidiary, Europower Enerji ve Otomasyon Teknolojileri Sanayi Ticaret A.Ş. including potential M&A (eng. “mergers & acquisitions”, tr. “birleşme ve satın alma”) transactions, amongst others.

In this process, HSBC has been appointed as the exclusive financial advisor to assist the shareholders in their review and assessment of these strategic alternatives.

Developments will be disclosed to you and to investors as required by the applicable regulations.

We kindly request that the above statement be publicly disclosed pursuant to the Communiqué and the Communiqué on Material Events Disclosure (II-15.1) of the Capital Markets Board of Turkey.”

We hereby declare that the above disclosures comply with the principles set forth in the Communiqué on Material Events Disclosure (II-15.1) of the Capital Markets Board of Turkey, that they fully reflect the information conveyed to us, are in conformity with our books and records, that we have made our best efforts to obtain accurate and complete information on the matter(s), and that we are responsible for the accuracy and completeness of these disclosures.

Sincerely,

This disclosure has been prepared in both Turkish and English, and in the event of any discrepancy between the two texts, the Turkish text shall prevail.