Aksa Enerji Uretim : Corrections to the Financial Statement for the Period January-September 2018

AKSA ENERJİ ÜRETİM A.Ş.

Rüzgarlıbahçe Mahallesi, Özalp Çıkmazı, No:10, 34805 Kavacık - Beykoz / İstanbul

T: 0216 681 00 00

F: 0216 681 57 [e-mail]

DATE	: 12.11.2018
FROM	: Aksa Enerji Üretim A.Ş. Investor Relations
Tel: [phone]
e-mail:[e-mail]
SUBJECT	: Corrections to the Financial Statement for the Period January-September 2018

The correction in the amortization expense in the financial statement for the period 1 January - 30 September 2018, which was disclosed on Public Disclosure Platform on 8th November 2018, has been reflected in the consolidated financial statements for the period between 1 January - 30 September 2018.

It has been detected that the amortization expenses have been inadvertently miscalculated in the 3-month (1st Quarter) and interim audited 6-month (2nd Quarter) financial statements, as well as in the financial tables for the 9-month period (3rd Quarter). The error stemmed from the fact that the amortization figures calculated within the scope of our African power plants were inadvertently not added to the amounts they would incur when they started their commercial operations.

As a result of the aforementioned corrections, our net profit has been positively affected for the periods of 1 January - 30 September 2018 and 1 July - 30 September 2018.

The amortization expenses of the tangible assets registered under our African power plants are calculated according to the contract durations of individual power plants. The net profit for the period 1 January - 30 September 2018 increased to TRY 125.209.318 as a result of TRY 22.949.746 correction in the amortization expense for the period. The net profit for the period 1 January 2018 - 30 June 2018 is realized at TRY 67.968.598 following the correction of TRY 60.180.708 in the amortization expense. The net income for the period 1 July - 30 September 2018 rose to TRY 57.240.720.

In accordance with the Corporate Governance Principles of transparency, fairness, responsibility and accountability, the Board of Directors has taken a swift action to ensure the public disclosure of corrected financial statements and notes to the financial statements.

Respectfully announced to the public.

We declare that the above disclosures are in accordance with the principles set out in the Communiqué Serial: VIII, No: 54 of the Capital Markets Board and fully reflect the information we have received on this matter; the information is consistent with our books, records and documents; and that we have shown all the necessary efforts to obtain accurate and complete information on the subject matter and we are responsible for these statements.