JCR Eurasia Rating has evaluated Gülermak Ağır Sanayi İnşaat ve Taahhüt AŞ in investment grade category with very high credit quality and affirmed the Long-Term National Issuer Credit Rating at “AA+ (tr)” and the Short-Term National Issuer Credit Rating at “J1+ (tr)” with “Stable” outlooks. The Long Term International Foreign and Local Currency Issuer Credit Ratings and outlooks have been assigned as “BBB-/Stable”.

This statement has been translated into English for informative purposes. In case of any discrepancy between the Turkish and English versions of this disclosure, the Turkish version shall prevail.