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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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