Ref: Public Disclosures dated 17.10.2017 and 16.04.2018

Previously, we have informed that Turkish Airlines has entered into a memorandum of agreement (MOA) with SATS Investments Pte. Ltd. ("SIPL"), a subsidiary of SATS Ltd (SATS), regarding the procurement of catering services at Istanbul New Airport, applicable upon transfer of Turkish Airlines' operations thereto and subsequently that an additional contract has been signed between the parties, extending the period of the aforementioned MOA.

Following our discussions with SIPL and in accordance with the decision of the Board, the parties would like to announce that the parties have mutually agreed to terminate the MOA.