Material Event Disclosures


Pursuant to our material disclosure dated 11.01.2022, with the aim of expanding our activities including the sale, installation and operation of electric vehicle charging stations in Turkey to the European Union and surrounding countries and to operate within this scope in the relevant countries through our subsidiaries, a new company with the title of "Zorlu Energy Solutions (ZES) I.K.E." was established in Greece under 100% direct ownership of ZES N.V., a wholly-owned subsidiary of our Company established in the Netherlands.

Zorlu Jeotermal Enerji Elektrik Üretim AŞ, a wholly-owned subsidiary of Zorlu Enerji, has applied to EMRA to amend the installed capacity stated in the pre-license of its Alaşehir 3 Geothermal Power Plant Project, which is planned to be developed in Alaşehir, Manisa. Accordingly, the project’s 50MWm/50MWe installed capacity stated in the pre-license will be amended to 10MWm/10MWe, with the purpose of effective management of the geothermal resource and reservoir.

Pursuant to our material event disclosure dated 26.03.2020, Zorlu Doğal Elektrik Üretimi AŞ, a wholly-owned subsidiary of Zorlu Enerji, has applied to EMRA to extend the term of the pre-license for its Kızıldere 4 Geothermal Power Plant, which is planned to be developed in Denizli and Aydın, for six months.

Zorlu Enerji announced on July 26, 2021 that the Capital Markets Board had approved the Company’s application to issue debt instruments up to a nominal value of TL 950,000,000 and with a maximum maturity of 5 years for sale in single or multiple tranches to qualified investors in the domestic market.

Within this scope, the Company completed the sale of a TL 54,300,000 corporate bond with floating coupon payments with a maturity of 366 days to domestic qualified investors on January 12, 2022. Ak Yatırım Menkul Değerler AŞ has acted as the financial intermediary for the issue.

Zorlu Enerji announced on July 26, 2021 that the Capital Markets Board had approved the Company’s application to issue debt instruments up to a nominal value of TL 950,000,000 and with a maximum maturity of 5 years for sale in single or multiple tranches to qualified investors in the domestic market.

Within this scope, the Company completed the sale of a TL 88,060,000 discounted commercial paper with a maturity of 162 days to domestic qualified investors on January 12, 2022. Ak Yatırım Menkul Değerler AŞ has acted as the financial intermediary for the issue.

Commercial Paper, which was sold to qualified investors on June 3, 2021 with a maturity of 223 days and with the ISIN Code of TRFZORN12212, was redeemed as of today (January 12, 2022) with the completion of the principal payment of TL 22,200,000.

Corporate Bond, which was sold to qualified investors on January 7, 2021 with a maturity of 370 days and with the ISIN Code of TRSZORN12223, was redeemed as of today (January 12, 2022) with the completion of the fourth coupon payment amounting to TL 1,410,162.80 and the principal payment of TL 22,300,000.

Corporate Bond, which was sold to qualified investors on December 16, 2020 with a maturity of 392 days and with the ISIN Code of TRSZORN12215, was redeemed as of today (January 12, 2022) with the completion of the fifth coupon payment amounting to TL 880,304.32 and the principal payment of TL 52,160,000.

Pursuant to our material disclosure dated 02.12.2021, with the aim of expanding our activities including the sale, installation and operation of electric vehicle charging stations in Turkey to the European Union and surrounding countries and to operate within this scope in the relevant countries through our subsidiaries, a new company with the title of "Zorlu Energy Solutions (ZES) Solutions EOOD " was established in Bulgaria under 100% direct ownership of ZES N.V., a wholly-owned subsidiary of our Company established in the Netherlands.

Within the scope of the CMB approval, Zorlu Enerji completed the sale of a TL 80,00,000 lease certificate with a maturity of 63 days to domestic qualified investors on January 5, 2022.

The first coupon payment, amounting to TL 6,193,489.26 and principal payment of TL 61,430,000 for the lease certificate with the ISIN Code of TRDYVKS12219 was made as of today.

The second coupon payment, amounting to TL 2,329,705.62 on the TL 38,140,000 nominally valued Corporate Bond, which was sold to qualified investors on July 9, 2021 with a maturity of 420 days and with the ISIN Code of TRSZORN92217 was made as of today.

The interest rate for the third coupon payment of TL 38,140,000 nominally valued Corporate Bond, which was sold to qualified investors on July 9, 2021 with a maturity of 420 days and trades with the ISIN Code of TRSZORN92217 has been set as 6.0411%.

Rotor Elektrik Üretim AŞ, a wholly-owned subsidiary of Zorlu Enerji, will establish a solar power plant to be integrated to its existing Gökçedağ WPP (installed capacity :135 MWm / 135 MWe; generation license: 150.6 MWm / 150.6 MWe ) in Bahçe, Osmaniye, as a result of which, the facility will operate as a hybrid renewable power plant and generate electricity from both wind and solar energy (Main Source: Wind + Auxiliary Source: Solar). Accordingly, the Company applied to EMRA to amend the generation license of the Gökçedağ WPP to 160.209 MWm / 150.6 MWe.