A Solution Model for the Difficulties Experienced in Foreign Exchange Transactions by Companies that Trade in Rubles in order to Trade in Local Currencies

Our company Bosphorus Gaz Corporation A.Ş. was established in Istanbul on April 7, 2003 by the Şen Family in order to import natural gas to our country. In order to achieve this goal, a natural gas purchase and sale contract was signed with Gazprom Export, one of the largest companies of the Russian Federation, until 2043. As of today, our company is the largest private natural gas importer in the sector with 2.5 billion cubic meters of natural gas import licenses obtained from the Energy Market Regulatory Authority until 2043.

Our company is 90% owned by Şen Family and 10% owned by Mr. Mert Göksu.

1 – Purpose of the model:

With this planned model, it is aimed to finalize the ruble payments to be received in return for activities such as exports to Russia in a fast and efficient manner.

In order to be used in our company’s option to pay the gas price in Rubles, we offer to purchase your ruble payments from Russia at the appropriate exchange rate.

2 – Settlement transaction:

The settlement process will be carried out in an official manner using the accounts of the parties in the banks.

3 – Exchange Rate Determination:

The actual exchange rate for the settlement will be posted on this page on the 17th of each month. In addition, daily reference values will also be published on this page so that the parties can evaluate the offer according to the current conditions.

4 – Payment Schedule:

Payments are made on the 18th day of each month. If the 18th day of the month falls on a weekend or public holiday, the payment date will be the first business day before the 18th day.

Important Note:

The goods subject to the trade to be intermediated in payments are required to be outside the scope of the embargo.

Contact Information:

For any questions or information requests, please contact us via finans@bosphorusgaz.com and burak.bozkir@bosphorusgaz.com and +90 532 7205036.

It is announced to our valuable exporters.

Sincerely,

Burak Bozkir

Chief Advisor to the Board of Directors