Material Event Disclosure (General)

5/9/2014

​​Our Company’s Board of Directors resolved on 30.04.2014 that; ASELSAN and MİKES shall merge by accelerated merger and the Board of Directors’ resolution made for the necessary actions, shall be sent to Turkish Armed Forces Foundation (TAFF). Within this context, our Company, pursuant to item (y) of article 13 of Articles of Association, applied to our parent TAFF on 09.05.2014 in order to “merge by the way of acquisition and in accelerated form, regarding the regulations of Capital Markets Board”.

ASELSAN holds %96,365 of MİKES’s shares and MİKES is a subsidiary that is consolidated to ASELSAN’s financial tables.

Since our Company’s all operations regarding radar, electronic warfare and intelligence systems will be gathered in Gölbaşı facilit​y, which will be completed in 2014, and since the current fields of activity of MİKES, which are mostly in radar, electronic warfare and intelligence are similar and complementary; merger by the way of acquisition is expected to significantly increase synergy and efficiency.