KARSAN OTOMOTİV SANAYİİ VE TİCARET A.Ş.
ETHICAL RULES
KARSAN, in continuance of its activities, has a principle to act within the frame ofethical rules to its shareholders, to the environment and the society that it is in; to thepeople and the entities they are in business relations.
The acknowledgement of the ethical rules by all employees and to procure thenecessary importance is among the duties and responsibilities of all employees
taking over the management role and particularly the Human Relations Directorate of
KARSAN. All employees of KARSAN, including the Board of Directors, Audit
Committee and high level executives are obliged to comply with the Ethical Rules.
ETHICAL RULES REGARDING THE ACTIVITY
1- KARSAN carries out its activities pursuant to the laws in force and relevant
legislation, articles of association, internal regulations and established policies.
2- Disclosures to public regarding the subjects related to KARSAN are made timelyand regularly.
3- KARSAN considers employees’ complaints, proposals, opinions as corporate
culture.
4- KARSAN makes no discrimination among its employees with respect to their race,ethnicity, nationality, religion, language and gender.
5- KARSAN provides equal opportunities to its employees at equal positions, takes
performance and productivity as basis for salaries and promotions, and respects
open door policy.
6- KARSAN provides a safe and healthy work environment to its employees at theworkplace and provides opportunities for career development.
7- KARSAN takes precautions to protect the employees against physical,
psychological and emotional assaults.
ETHICAL RULES REGARDING THE EMPLOYEES
1- All employees are obliged to perform their assigned duties in mutual harmony andcooperation, with necessary attention and diligence, on time and productively, byprotecting KARSAN’s interests, and are obliged to avoid all kinds of behaviors
and actions that might give harm to KARSAN.
2- Employees behave in accordance with KARSAN’s reputation in their private lives,as they do in their relationships with colleagues, customers and suppliers. For thisreason, they avoid behaviors that might harm KARSAN’s good reputation.
3- Employees avoid statements, groundless denouncements and complaints thatmight affect their colleagues’ pride, honor and dignity.
4- Employees comply with the oral and written instructions of their superiors so longas such instructions do not constitute crime under the laws. However, theemployee who thinks that the instruction is against the law, explains his/her
opinion to the superior who has given the instruction. In case there is no change
in the instruction, the employee is obliged to notify the situation to the highersuperior.
1

5- Employees may not be late to work unless they have a valid excuse, and may notleave duty without permission, or may not involve in other works during the officehours.
6- Employees show maximum diligence and attention to maintain information, fileand document belonging to KARSAN.
7- Employees show maximum diligence in relation to company expenses, and actswith the sense of savings and costs.
8- Board of directors’ members and employees of KARSAN may not shareconfidential and non public information with third persons and may not use thisinformation for their or others’ benefit.
9- Employees may only make statements to written and visual media and press,comment, publish a letter, or attend conferences as a speaker upon obtaining theapproval of the relevant higher management.
10- Employees struggle with all types of fraud including bribery.
11- Board of directors’ members and employees of KARSAN do not give in to thepressures or accept financial advantages that might have results to the detrimentof KARSAN.
12- Employees shall not ignore the situations which are against the benefits ofKARSAN and shall notify the relevant sections.
ETHICAL RULES REGARDING THE ENVIRONMENT AND THE SOCIETY THATWE ARE IN:
1- KARSAN ensures that environment friendly technologies are used whilst
continuing their activities.
2- KARSAN adopts preventive approach in situations that there is a possibility ofharming the environment.
3- KARSAN supports the requests within the frame of Corporate Social
Responsibility by making cost/benefit analysis and considering the benefits to theenvironment and society.
4- KARSAN cares and abides by the rules in relation with the protection of theenvironment and the natural life, consumer rights and public health.
ETHICAL RULES IN RELATIONS WITH THE SHAREHOLDERS
1- KARSAN has the principle to act to its shareholders within the scope of equality,transparency, accountability and responsibility which forms the basis of theCorporate Governance Principles.
2- KARSAN treats all of its shareholders equally and with respect and avoids
discrimination.
3- KARSAN does not attempt to prevent shareholders and benefit holders to obtain
information about the company.
4- KARSAN procures that its resources are used as efficient as possible within
scope of financial discipline concepts.

2ETHICAL RULES IN RELATIONS WITH CUSTOMERS AND SUPPLIERS
1- Honesty, trust, consistency, professionalism, independency, long term
relationship and mutual benefit principles are respected in all types ofrelationships,
2- KARSAN takes necessary precautions to ensure customer satisfaction inmarketing and sale of its products.
3- KARSAN complies with the promises and agreements regarding the products thatit supplies to the customers.
4- KARSAN makes production in accordance with the international quality standardsand provides a certain guarantee with respect to the quality.
5- KARSAN respects the confidentiality of the information of its customers andsuppliers within the scope confidentiality of commercial secrets.
6- Behaviors against competition are avoided, competitor products are notdispraised, and no deceptive advertisements are made.

3