We, Valeo Otomotiv Sistemleri Endüstrisi A.Ş., have taken over Valeo Otomotiv Dağıtım A.Ş., our 100% owned subsidiary, through a merger.

The said merger was conducted in accordance with the facilitated procedure, described in Article 156 of Turkish Commercial Code, and registered to Bursa Trade Registry on September 30, 2013.

The announcement that was made for three times in every seven days on the trade registry journal as required by laws, stating that creditors of the merged companies may make a claim for guaranteeing their receivables, has also been published on the website of our Company within five days following the publication date of the first announcement on the trade registry journal.