Disclosure

 

Purpose

The purpose of this Disclosure Policy set forth by the Board of Directors of Doğuş Otomotiv Servis ve Ticaret A.Ş. is to provide the stakeholders with the information about the events and developments with respect to the past performance and future expectations of the Company, other than those of trade secrets, in a fair, timely, accurate, complete, comprehensible, interpretable, and easily accessible manner.

Authority and Responsibilities

This Disclosure Policy is set forth by the Board of Directors in accordance with the pertinent provisions of the Turkish Commercial Code (TCC), the Capital Market Legislation, Capital Markets Board of Turkey (CMB), and Borsa Istanbul (BIST), and based on the Corporate Governance Principles of the CMB. This Policy indicates the principles for the written and verbal communication with the employees, public authorities, customers, suppliers, creditors, investors, non-governmental organizations, those who wish to invest in the Company, and shareholders.

There are four employees, who are responsible for and authorized to sign the disclosures within the scope of the public disclosure, and they are in charge of observing and monitoring all kinds of issues relating to the public disclosure. These employees are:

CFO/General Manager Responsible for Financial and Administrative Affairs

Director of Financial Affairs

Director of Finance and Administrative Affairs

General Accounting Manager

 

Any written requests – excluding confidential information or trade secrets- from the shareholders and other concerned people are replied by the “Investor Relations Department”.

Methods and Tools Used for Public Disclosure

The methods and tools used by the Company for public disclosure in accordance with the pertinent provisions of the Capital Market Legislation and the Turkish Commercial Code are as follows:

a. Material event disclosures forwarded to the Public Disclosure Platform (PDP),

b. Financial statements and footnotes thereof, independent audit reports and annual reports, explanation notes, circulars and General Assembly calls, through Turkish Trade Registry Gazettes, and daily newspapers, as well as announcements and declarations such as notices, the text of which is approved by the CMB,

c. Meetings, teleconferences or one-on-one meetings with the shareholders, investors, analysts and capital market specialists, and disclosure and presentation documents prepared relating thereto,

d. Disclosures to data distribution corporations,

e. Press releases through written and visual media,

f. Telephone, electronic mail (e-mail), fax and other means of communication,

g. Corporate website (www.dogusotomotiv.com.tr)

Practices for Material Event Disclosure

Material Event Disclosures

Material event disclosures containing continuous and internal information are disclosed to public in accordance with the pertinent communiqués and regulations of the CMB. Material Event disclosures are made in a timely, correct, comprehensible, and sufficient manner, and free of any misstatements in order to help relevant people and corporations to make their decisions. Such disclosures may not be used for advertisements, public relations, marketing of the activities or capital market instruments.

Material event disclosures are sent to the Public Disclosure Platform using an electronic signature, and are published in the corporate website under a separate heading, in accordance with the relevant regulations of the BIST and the CMB.

Persons Authorized to Disclose Material Events to Public

The relations with the shareholders are carried out by the “Investor Relations Department” within the General Directorate of Financial and Administrative Affairs. Material event disclosures are prepared by the Directorate of Financial Affairs within the General Directorate of Financial and Administrative Affairs, and disclosed to public upon the joint approval of at least two persons out of four, who are authorized to sign such material event disclosures.

Postponement of Disclosure of Internal Information

Doğuş Otomotiv Servis ve Ticaret A.Ş. may postpone the public disclosure of internal information in order to prevent its legal rights and benefits from being harmed, provided that this will not mislead public and that it is able to keep such information confidential. Such internal information will be disclosed to public in accordance with the pertinent regulations of the CMB, indicating the reasons for the postponement, as soon as such reasons are removed.

In case the Company decides to postpone the disclosure of the internal information to public, the Company will undertake that this postponement is made to protect the legal rights of the Company, that there will be no risk that the investors may be misled, that all reasonable precautions are taken to keep such information strictly confidential, and the decision for this postponement is made upon the approval of the Board of Directors or the person authorized by the Board of Directors in this respect.

Precautions Taken to Ensure the Confidentiality of Internal Information

A document is prepared to list the real persons or legal entities, who act on behalf or for the account of the Company, and the persons, who work for such real persons or legal entities under an employment contract or otherwise, and who have access to the internal information, and this list is presented to the MKK (Central Registry Agency). This document is updated within two days upon any change thereto. The MKK keeps the list of persons who have access to internal information, and sends it to the Capital Markets Board-CMB and BIST upon request. The Company ensures that the persons listed under this document accept the obligations as set forth in the pertinent laws and legislations with respect to such information, and they are aware of the sanctions that may be imposed upon any misuse or unauthorized distribution of such information. Except for the disclosures by those who are authorized to access thereto of the internal information to the persons who are under the obligation to keep such information confidential, during the performance of the duties relating to the Company or the execution of the procedures and transactions on behalf of the Company, any disclosures of the internal information to those within or outside the Company will be considered unauthorized disclosures of the internal information. In such case, all the information contained in such unauthorized disclosures will be disclosed to public by the persons who are authorized by the Company in this respect, by means of a material event disclosure.

Disclosures of the internal information to the lawyers, independent auditors, tax advisers, credit institutions, financial service providers, rating agencies etc. who are subject to confidentiality rules will not be considered unauthorized disclosures of the internal disclosures, provided that such disclosures will be made on a need-to-know basis. Such disclosures require that those to whom the information is disclosed are under the confidentiality obligation with respect to such information by means of a legal arrangement, Articles of Association, or a special agreement.

Regarding the disclosures to limited number of persons such as press conferences, publicity meetings, investor disclosure meetings, such information disclosed therein, will be concurrently -if such disclosures are made deliberatively – or without any delay, disclosed to public.

In case any internal information is disclosed unintentionally, a public disclosure will be made without any delay.

The Company’s employees will be informed that they must not share any internal information with third parties in accordance with the regulations of the CMB, and all employees should strive and act responsibly to keep such information confidential. On the other hand, all precautions will be taken to ensure that the employees may have access to the information limited to their job definition.

Disclosures about News and Rumors

In the case of news and rumors published in the media outlets about the Company, which may affect the decisions of the investors, and the value of capital market instruments, which are originated from those who are not authorized to represent the Company, and which are different from the information previously disclosed to public, then a material event disclosure will be made in respect of whether they are true and sufficient, in accordance with the pertinent communiqués of the CMB. The Company will ensure that the press releases in this respect are forwarded to various media outlets and data distribution channels such as Reuters, and broadcast in the corporate web site. In the case that these news and rumors pertain to information whose announcement to the public has been postponed, it will be assumed that the reasons necessitating the postponement are no longer valid and a public announcement will be made. This shall also apply to such news and rumors, which are published in the media outlets, not requiring a material event disclosure in accordance with the legislations of the CMB, but for which the top management of the Company deem useful to make a disclosure in that respect.

Use of the Rights of the Shareholders

The following issues with respect to use of the rights of the shareholders are decided by the Board of Directors of the Company. In case of any decision by the Board of Directors about the following issues, this shall be disclosed to public by means of a material event disclosure, and being broadcast in the corporate website, and published in the Turkish Trade Registry Gazette and a daily national newspaper.

a. Place, date, time and agenda items of the General Assembly of shareholders; procedures with respect to attendance to the General Assembly; obligations of those who would attend the General Assembly or vote by proxy; discussions and resolutions with respect to the issues outside the agenda in the General Assembly; failure to hold the General Assembly; information with respect to total number of shares and total voting rights; and how to use the right to attend the General Assembly;

b. Announcements with respect to profit distributions; issuance of new share certificates; allocations with respect to capital increases; use of the right to have new shares; cancellation of increased shares; mergers and demergers.

Disclosure of Financial Statements to Public

The financial statements of the Company are prepared in a consolidated manner in accordance with the Financial Reporting Standards of the CMB. The financial statements and the footnotes thereof are presented in accordance with the formats as determined by the CMB, and include all the information required thereby.

The financial statements are approved by the Board of Directors taking the opinions of the Audit Committee; and disclosed to public through the Public Disclosure Platform-PDP together with a declaration of responsibility, which is prepared in accordance with the pertinent regulations of the CMB, and which bears the joint signatures, one of which is affixed by a board member in charge of preparing the financial statements, and the other by an executive in charge, or two of which are affixed by two executives in charge. The financial statements are disclosed to public within the periods as determined by the CMB.

The financial statements are broadcast in the corporate website in such a manner that all the users may easily access them, not later than one business day after the disclosure thereof to public. Other financial statements prepared by the Company to submit a certain public authority in accordance with the pertinent legislations are concurrently disclosed to public through the PDP. Annual financial statements are annually published in the Turkish Trade Registry Gazette after the general assembly of shareholders. Utmost attention is paid to keep confidential all information and draft financial statements used during the preparation and control of the financial statements.

Disclosure of Annual Report to Public

The annual report of the Company is prepared in accordance with the Capital Market Legislation and the Corporate Governance Principles of the CMB, then approved by the Board of Directors, and disclosed to public through the PDP.

The annual reports are prepared in Turkish and English, and then disclosed to public through the corporate website. Turkish and/or English versions of the annual reports are available from the shareholders relations unit in CD format.

Disclosure of Expectations

Doğuş Otomotiv Servis ve Ticaret A.Ş. may disclose its expectations for a maximum of four (4) times a year in accordance with this Disclosure Policy. The written documents, where the expectations of the Company are disclosed, will explicitly indicate all possible risks and uncertainties as well as other factors, and state that the actual results may be partially or substantially different from all or any part of the expectations. Such expectations can only be announced to the public after the express decision of the Board of Directors or the written approval of the individual authorized by the Board of Directors.

Any information with respect to future expectations in the public disclosures is provided together with the grounds on which the estimations are based, and with a sufficient amount statistical data. Such information may not contain exaggerated groundless predictions, should not be misleading, and will be prepared based on the activity results.

In case the estimations in the periodical financial statements and reports fail to be achieved or it is understood that it is not possible to achieve such estimations, then revised statements and reports are immediately disclosed to public, indicating the reasons of this failure.

Communication with Shareholders and Stakeholders

It is the responsibility of the Investor Relations Department to create and maintain regular relations with the shareholders. The Investor Relations Department shares all kinds of information previously disclosed to public with all the shareholders in an equal manner.

The persons authorized within the scope of this Disclosure Policy may communicate with the shareholders and stakeholders. No other employees are allowed to respond to the questions and information requests from outside the Company.

The employees in the Investor Relations Department may not direct the shareholders and stakeholders with respect to the results of the interim period and annual activities while providing them with information. However, they may provide some information with respect to critical issues affecting the activity results, their strategic approaches, and other significant issues that may help them understand the industry and the environment in which the activities are performed.

All presentations, information meetings, press meetings, teleconferences and one-on-one meetings are disclosed beforehand as early as possible. The presentations and/or information provided for such meetings are concurrently broadcast on the Company website so that all stakeholders may access such documents at the same time.

All press meetings and releases are made by the executives authorized by the Company in this respect. The Company does not confirm, attest and take any responsibility for analyst reports or income models prepared for the Company. Nevertheless, for some certain and limited events and upon the request, in order to prevent the public from being misled, such analyst reports may be reviewed, provided that only information disclosed to public is used and that this is limited to a specific issue. The Company may disclose the analysts preparing reports for the Company, and their institutions in the corporate website.

Corporate Website and Its Content

The website of the Company is prepared in Turkish and English in accordance with the Corporate Governance Principles; www.dogusotomotiv.com.tr. Some part of the content is provided below. Efforts are made to regularly update and develop the corporate website.

ABOUT US

Doğuş Group

Doğuş Otomotiv

Milestones

Brands

Affiliates and Subsidiaries

Administration

Message from the Chairman

Message from the Chairman of the Executive Committee

Board of Directors

Executive Committee

Values and Principles

Vision-Mission-Strategy

Corporate Values

Corporate Reputation

Research on Corporate Reputation

Our Business Principles

UN Global Principles Convention

Code of Ethics

Corporate Governance (only in Turkish)

 

INVESTOR RELATIONS

Corporate Governance

Dividend Distribution Policy

Disclosure Policy

Board Resolutions (only in Turkish)

Remuneration Policy

Grant and Aid Policy

Strategy

Audit Committee

Corporate Governance Committee

Early Risk Detection Committee

Remuneration Committee

Independent Auditors

Shareholder Structure

Real Ultimate Controlling Shareholder

Trade Registry Information

Subsidiaries and Affiliates

Related Party Transactions

Tender Offer or Proxy Solicitation

Compliance with the CMB

Voting at the General Assembly

Material Event Disclosures (PDP)

Required Documents (only in Turkish)

AGM Kit

Investor Package

Financial Indicators

Consolidated Financial Reports

Presentations

Investor Presentations

Investor Presentations Archive

Press Conference Presentations

Analyst Meeting Presentations

Analyst Information

Stock Watch

Company Profile

Financial Statements

Share Price

Technical Analysis

Foreign Investor Shares

Stock Price History

Calendar

Investor Presentations

Annual Reports

Useful Links

News

Contact

FAQ

Duties and Responsibilities of the Investor Relations

 

CORPORATE RESPONSIBILITY

Corporate Responsibility

Corporate Responsibility Approach

InfoRooms

“Traffic is Life!”

“Traffic is Life!” Recognition Survey

Culture-Art-Sport

Corporate Responsibility Policies

Education Laboratory/ Doğuş Otomotiv Voluntary

Programs

Public Disclosure and Transparency

Disclosure Policy

Relations with Social Stakeholders

Corporate Responsibility Reports

Code of Ethics

Stakeholder Map

 

PRESS ROOM

Press Releases

2013 Press Releases

Releases Archive

2012

2011

2010

2009

2008

2007

Visual Archive

Logos

Contact Info

Doğuş Otomotiv Media Site (only in Turkish)

 

HUMAN RESOURCES

Application Site

Open Positions

Human Resources Vision

Human Resources Policies

Severance Pay Policy

Employee Profile

Working Environment

Human Resources Applications

Recruitment and Placement

Internship Program – “D-Staj”

Wage Policy

Performance System

Determining Potentials and Succession Plan

Suggestion and Award System

Training and Development

Internal Training Program

E-Orientation Program

Training Programs

 

CONTACT

Contact Information

Brand Contact Information

Complaint - Satisfaction - Suggestion

Sponsorship Application

Criteria for Sponsorship Applications

Investor Relations Contact Information

Address - Phone

Fax, E-mail

Authorized Dealer Application Form

 

All precautions are taken to prevent any unauthorized access to change the information contained on the company website.

Persons Who Have Administrative Responsibilities

The persons who have administrative responsibilities in accordance with the Capital Market Legislation are;

• Members of the management or auditing boards of the Company;

• Persons not a member of such boards but having regular access – whether directly or indirectly – to the internal

information relating to the Company, and having the power to make administrative decisions that may affect the future performance and commercial targets of the Company.

All transactions performed by the persons, who have administrative responsibilities within the Company, or by those who have close relations to these persons, with respect to the shares representing the capital of the Company and other capital market instruments based on such shares, will be submitted by those who have performed such transactions to the respective exchange market.

Enforcement

This Disclosure Policy enters into force upon the approval of the Board of Directors. Any change to this Disclosure Policy is approved by the Board of Directors, submitted to the General Assembly for information purposes and disclosed to public.