Following the completion of the work and negotiations conducted under the Memorandum of Understanding previously executed between our Company and Amsted Rail Company, Inc. ("Amsted Rail"), the parties have entered into a comprehensive Master Supply and Resale Agreement (the "Agreement") effective as of June 18, 2026.
The Agreement establishes a global commercial cooperation framework with territory-specific sales and distribution rights that brings together the parties' manufacturing capabilities, technical expertise, and sales and marketing resources. Under this framework, Amsted Rail has been appointed as our Company's exclusive distributor and reseller for the railway products covered by the Agreement throughout North, Central and South America, and the parties will cooperate on relevant market opportunities and projects in other designated international markets on a global scale.
Through this strategic cooperation, our Company aims to strengthen its global market access in railway products, to expand its international sales and distribution network, to support technical certification and market-entry processes, and to increase its high value-added export capacity.
About KARDEMİR
Founded in 1937 as a landmark of the Republic of Türkiye's planned industrialization, KARDEMİR is Türkiye's first integrated iron and steel producer and a leading manufacturer of value-added long steel products. Widely known as the "Factory that Builds Factories," KARDEMİR combines its deep-rooted engineering heritage with integrated production capabilities to serve strategic industries including transportation, construction, mining and manufacturing in Türkiye and international markets, and is Türkiye's only domestic producer of both railway rails and railway wheels.
About Amsted Rail
Amsted Rail is the world's leading provider of undercarriage and end-of-car railcar components, with facilities spanning six continents. Through state-of-the-art manufacturing processes, Amsted Rail has been redefining industry standards for innovation and technology since 1877, providing customers worldwide with unmatched performance and reliability for the long haul.
Respectfully announced to the public.
This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.