Our Board of Directors decided on September 18, 2014, to participate in the
TRY 54,000,000 capital increase of fully owned subsidiary Kandilli Tankercilik A.S.,
which will be on the agenda at the company's September 25, 2014 Extraordinary
General Assembly. Our company will participate in the increase from TRY 8,500,000
to TRY 62,500,000 by funding a TRY 13,500,000 portion in cash after the General
Assembly decision and fund the remaining 40,500,000 in cash within 24 months.
Wer state that our announcement above is in accordance with the principles stated
in the Capital Markets Board's Material Event Disclosure Notification, all information
on our behalf has been properly stated, the information is inline with our documents,
records and books, we have made every effort to truthfully and completely disclose
this information and accept full responsiblity for it.

http://kap.gov.tr/yay/Bildirim/Bildirim.aspx?id=384551

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