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     [STRATEGY AND MANAGEMENT]
               ETHICS MANAGEMENT
               OF SUPPLIERS
                                                                                                                                   — Borusan Group companies don’t
                                                                                                                                   do business with clients and suppliers
                                                                                                                                   who disregard business ethics and
                                                                                                                                   break the laws. In 2015, we prepared
                                                                                                                                   Borusan Group Supplier Working
                                                                                                                                   Conditions Protocol to be signed by
                                                                                                                                   subcontractors and suppliers, according
                                                                                                                                   to the objectives set by Audit and
                                                                                                                                   Purchasing departments. More than 150
                                                                                                                                   contracted suppliers signed the protocol.
                                                                                                                                   In 2016, there was no unethical action,
                                                                                                                                   legal noncompliance or corruption case
                                                                                                                                   identified throughout the Group or in
                                                                                                                                   business partners and suppliers to our
                                                                                                                                   knowledge. —
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