Turkish Airlines has started negotiations regarding the procurement of catering services at Istanbul third airport applicable upon transfer of its operations thereto. In this respect Turkish Airlines has entered into a memorandum of agreement (MoA) with SATS Investments Pte. Ltd. ("SIPL"), a subsidiary of SATS Ltd (SATS). Upon fulfillment of the conditions precedents in the MoA including legal, governmental and regulatory approvals; the investment into catering services could be undertaken by the relevant party. The material developments will be announced.