KARSAN OTOMOTİV SANAYİİ VE TİCARET A.Ş.
INFORMATION POLICY
1. OBJECTIVE
The objective of Karsan Otomotiv Sanayii ve Ticaret A.Ş. (Karsan or the Company)
Information Policy is to provide all beneficiaries equally with a continuous, effective andtransparent communication for the transmission of all non-trade secret information in full,just, accurate, on time, apprehensible, analyzable and easily accessible manner withminimum costs.
2. GROUNDSThis policy has been constituted within the framework of the Regulations of Capital Market
Board and in consideration of the provisions available in Capital Market Board public
disclosure regulations.
3. AUTHORITY AND RESPONSIBILITY
The Information Policy of our Company is determined by Board of Directors, disclosed
within the framework of capital market board regulations and published at the Compay
website.
Karsan’s Deputy General Manager for Finance and the Department of Investor Relations
are in charge for drafting and following the Information Policy. The Department of Investor
Relations discloses all publicly disclosed information to all shareholders with an equal
treatment.
The persons authorized by the directors who hold administrative responsibilities within thescope of Information Policy can communicate with the shareholders and beneficiaries. Theemployees other than such persons, cannot respond the questions and information
requests coming from outside of the Company. The relevant provisions of the Communiqueon Material Events of CMB, numbered II-15.1 with regards to disclosure of Future
Assessments are reserved.
3. METHODOLOGY AND MEANS OF INFORMING
While performing the Information Policy, our Company benefits from the methodology andthe means indicated below:-Financial statements, independent auditor reports and declarations of responsibility
published periodically at the Public Disclosure Platform (PDP)- Interim and annual activity reports- the website of the Company at www.karsan.com.tr,- e-Yönet and e-şirket portals- PDP Material Disclosures- Publications and announcements through daily newspapers and Trade Registry
Gazette- Communication methods through communication means such as telephone, e-mail,fax.
4. PRINCIPLES CONCERNING THE PRESENTATIONS AND REPORTS AT THE
INFORMATION MEETINGS OR PRESS CONFERENCES
In case it is wished to announce the matters made subject to material events, including
future assessments, through media organs or other communication means, a public
disclosure is to be made at PDP simultaneously or before such announcement and it will
also be published at Company website.
The presentations and reports used at the meetings held by Company officials withinvestors and analysts can be published at the Company website without causing anunequal supply of information.
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5. PRINCIPLES CONCERNING DISCLOSURE AND FOLLOWING OF THE NEWS ANDRUMOURS THAT TAKE PLACE IN MEDIA ORGANS AND WEB SITES
The company follows the news and rumors that are made available in national orinternational media organs or in other communication channels through a media monitoring
company and in the event that such news or rumors are different either from theinformation initially disclosed to public or from the information which has already been
publicly disclosed before; the company assesses the effects of it on the value and price ofits capital market instruments as well as its effects on the investment decision of investors
and if necessary makes an announcement with respect to the accuracy and sufficiency of
the information in pursuance of the principles available in the capital market regulations.
There is no obligation of the Company to make a public announcement in relation to theremarks, analyses, assessments and estimations based upon the information publicly
disclosed through media organs or other communication means.
The Company does not verify or confirm the analyst reports or revenue models preparedin relation to itself and does not take on any responsibility herewith. On the other hand, inorder to prevent the misinformation of the public in limited and particular situations andupon a request the analysts can review the reports provided that the disclosed andhistorical information is used and limited to a particular subject. The company may disclose
at its official website both the names and organizations of the analysts who have preparedreports for the company itself.
6. PRINCIPLES ON DETERMINING THE PERSONS HOLDING ADMINISTRATIVERESPONSIBILITY
Within the framework of the Regulations of Capital Market, it is determined that the“Persons Holding Administrative Responsibility” in our Company are the Board Membersof our Company, CEO/General Manager and Deputy General Managers.
7. MEASURES TAKEN FOR ENSURING THE CONFIDENTIALITY UNTIL THE
DISCLOSURE OF THE MATERIAL EVENTS
The persons who have access to insider information are notified in writing with regards tothe obligations set in the law and relevant regulations concerning the insider information
as well as the sanctions in respect of the misuse of it.
The company may delay the disclosure of insider information in order to hold its legitimate
interests harmless provided that it does not manipulate the investors and the information
can be kept confidential. In these circumstances, the company takes all kinds of measures
to secure the confidentiality of the insider information in accordance with the capital market
regulations.
8. PRINCIPLES ON DISCLOSURE OF THE FUTURE ASSESMENTS
In disclosing the future assessments, the company acts in accordance with the section 10
subsection 1/a of the “Communique on Material Events” of CMB, numbered II.15.1, which
provides “Future assessments may be disclosed upon a resolution of the board of directors
or in the event that the board of directors has given an authorization, upon a written
approval of the authorized person”.
Future assessments are disclosed by the Company management in maximum four times
a year. This disclosure may either be made in the form of a disclosure of material eventsor interim or annual activity reports or through the presentations with regards to theinformation of the investors under the condition that it is disclosed at PDP. In the event ofa material amendment in the assessments disclosed to the public, the announcement must
be made in accordance with the Communique on Material Events of CMB, numbered
II.15.1, without any number limitations. In case there is a substantial difference between
the information disclosed initially and the realizations, the reason for such differences isalso included in the announcements to be made with respect to the future assessments.
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9. EXECUTION AND AMENDMENT
Developing and following the information policy are under the authority and responsibilityof Board of Directors. The efficiency and reliability of the public disclosure within the scopeof information policy are under the surveillance and supervision of the Board of Directors.
The authority to make an amendment in the text of the policy belongs to the Board ofDirectors and such amendments shall be disclosed and published at the corporate website
in accordance with the CMB regulations.

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