Statement from Gülermak on precaution claims

Gülermak denied that any precautionary measures have been imposed on company assets or operations after reports concerning the personal holdings of Chairman Kemal Tahir Güleryüz. The Turkish construction and infrastructure contractor said the coverage related to Güleryüz’s personal assets rather than the company itself, and that its own assets and activities remain unaffected. The clarification matters because the reports had raised questions among investors about whether the chairman’s personal finances could spill over onto the listed company. Investors will watch for further regulatory disclosures and any details on the scope of the personal asset issue.