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Disclosure Policy

THE INFORMATION POLICY OF REYSAŞ REIT REAL ESTATE INVESTMENT PARTNERSHIP INC.


Objective
The fundamental public disclosure policy of REYSAŞ Real Estate Investment Partnership Inc. (REYSAŞ REIT) is to preserve an active and open communication by sharing the past performance and future expectations of REYSAŞ REIT fully, fairly, accurately, timely and comprehensibly with its shareholders, investors and capital market professionals (including capital market participants) equally within the framework of the generally accepted accounting principles and the Capital Market Regulations at any time. REYSAŞ REIT believes that sharing activities related to its strategies, critical elements, risks and growth opportunities with public except the information in the nature of trade secrets will constitute more efficient market for the company's capital market instruments. REYSAŞ REIT complies with the Capital Market Regulations; the regulations of Capital Markets Board (CMB) and the Istanbul Stock Exchange (ISE) about the public disclosure; it elaborates the utmost care in the implementation of the principles taken part in the CMB Institutional Governance Principles. The Disclosure Policy of REYSAŞ REIT has been prepared within the framework of CMB Institutional Governance Principles Paragraph II/md.1.2.; approved by the Executive Board.

Scope
The Disclosure Policy involves all of the associated companies operating under the REYSAŞ REIT and its employees with consultants; REYSAŞ has been organizing the written and oral communications of REIT with capital market participants.

Responsibility

The Board of Management is responsible for following up, reviewing and development of the Disclosure Policy. Capital Markets and Institutional Governance Coordination Unit has been appointed to monitor and oversee in all matters related to public disclosure.

Public Disclosure Methods and Tools

The methods and tools of the public disclosure used by REYSAŞ REIT are listed below without prejudice to the provisions of Capital Markets Legislation and the Turkish Commercial Code (TCC);

  1. The special case statements transmitted to ISE by fax (in the electronic environment within the legal time of PDP notifications),
  2. The financial statements and marginal notes, independent audit reports, statements and annual reports periodically transmitted to ISE with a sealed envelope (in the electronic environment within the legal time of PDP Notifications)
  3. The advertisements and announcements made through Turkey Trade Registry Gazette and daily local or national newspapers (prospectuses, circulars, the ordinary / extraordinary general assembly calls, etc.),
  4. The Statements made through the written and visual media,
  5. The Statements made to the data distribution organizations such as Reuters, Forex, Euroline etc.,
  6. The face to face informational interviews and meetings with Capital market participants or via teleconference,
  7. Institutional Web Site (www.reysasgyo.com.tr),
  8. Communications over phone, mobile phone and similar technology, communication methods and tools such as electronic mail, fax, etc.

The Disclosure of Financial Statements to the Public and Authorized Persons

The financial statements and postscripts of REYSAŞ REIT have been prepared in accordance with the International Auditing Standards (NSS) on a solo basis; are reviewed according to the International Auditing Standards (NSS) and shall be declared to the public. Before declaring the financial statements and marginal notes to the public they are obtained the approval of Executive Board with the approval of the Surveillance Committee under the provisions of the Capital Markets Legislations and the attestation shall be signed by Financial Affairs Manager who is responsible for preparing the Financial statements and marginal notes and The Chairman of the Executive Board. The financial statements and postscripts with independent audit report and annexes documents shall be forwarded to ISE in a sealed envelope in accordance with CMB and ISE regulations following the approval of Executive Board. Just as the financial statements and postscripts with independent audit report declared to the public, as PDP Notifications they are transmitted electronically within the legal time.

The Disclosure of the Annual Report to the Public and Authorized Persons           Annual report is prepared in accordance with the Capital Markets Legislation and by obtaining the  approval of Executive Board, shall be forwarded to ISE in a sealed envelope in accordance with CMB and ISE regulations, also via our Web Site (www.reysasgyo.com.tr), will be declared to general public. Wishing Investors can obtain the Annual Report from the Investor Relations Department of our company.

The Disclosure of the Private Cases to the Public and Authorized Persons

The Disclosure of the Private Cases of the REYSAŞ REIT and the stock certificates of REYSAŞ REIT traded in Istanbul Stock Exchange, public participation and affiliated companies has been prepared under the supervision of REYSAŞ REIT capital markets and institutional management coordination unit and by singing by the authorized persons to sign in principle as PDP Notifications transmitted electronically within the legal time.

Other Disclosures and Authorized Persons

Other notifications made (prospectuses, circulars, etc.) apart from the above-mentioned have to be declared to the general public being signed within the designated authority of Company signature circulars.

Authorized Persons to Make Disclosure to the General Public

Apart from the statements mentioned above, the oral and written information requests transmitted by capital market participants are fulfilled written and / or verbally within the limits of the designated authority by Financial Affairs Manager, REYSAŞ REIT Investor Relations Unit and REYSAŞ REIT Capital Markets and Institutional Governance Coordination Unit according to the content of the request.

Apart from this, REYSAŞ employees cannot answer questions coming from the capital market participants especially without charging. Requests for information are directed to Investor Relations Department of REYSAŞ REIT.

Communications with the Capital Market Participants

REYSAŞ REIT doesn’t make guidance about the expectations related to interim and annual results. Instead of this REYSAŞ REIT prefers to transfer the important issues that affect activity results, strategic approaches and the important elements that provide a better understanding of the sector to the capital market participants.

Unless otherwise stated in the Disclosure policy, only the Authorized Persons to Make Disclosure to General Public can communicate with the capital market participants on behalf of REYSAŞ REIT and stock certificates traded/not traded in Istanbul Stock Exchange its affiliates and participants. REYSAŞ REIT Investor Relations Coordination Unit will be present in all meetings with Capital market participants.  Any important/private information yet unexplained to the general public cannot disclosed in the interviews that are not open to the general public with capital market participants

Face-to-face meetings or phone calls

A new information will not be made; previously publicly disclosed information will not be updated and the important and private information not available to the general public will not be revealed in the one to one or in groups interviews with the Capital market participants by telephone or face-to-face.

Presentations and / or speeches

REYSAŞ REIT announces the presentations, teleconferences and lectures that will be made to the capital market participants to the general public previously as much as possible the extent. The prepared presentations and/or explanatory information notes are placed on the website (www.reysasgyo.com.tr).

The Interviews made after the Public Disclosure of Financial                                  REYSAŞ REIT is aware of telephone and / or teleconference meetings will be made with capital market participants. REIT REYSAŞ does the necessary works about publishing those interviews on the internet simultaneously. The matters that may be important in those interviews take place on its website (www.reysasgyo.com.tr).

The Mare’s Nest Circulating in the market

When it is learned that there is news in the nature of rumors and gossip in the market, the authorized persons to make general public disclosure make a statement to the press about news in the nature of rumors and gossip in the market. On the contrary, within the Capital Market Law provisions without coming verification requests from the CMB and / or ISE or if the management decides giving a reply will be necessary and more appropriate the disclosure is made about the rumors and gossip releases in the market.

Announcing the expectations

REYSAŞ REIT may demonstrate their expectations from time to time in accordance with the information policies. The potential risks, uncertainties and other factors may significantly differ the actual results from the expectations are clearly presented in the written documents that are explaining the expectations of REYSAŞ REIT. REYSAŞ REIT makes its expectations verbally only in the pre-planned and programmed meeting and the organizations. The expectations can only be done by authorized persons to make disclosure to the general public.

In case of the realization of the estimations and the basis that take place in the publicly disclosed information, the periodical financial statements and reports will be understood that they don’t or will not become, the revised data, tables and reports with the reasons will immediately declare to the public.

Analyst Reports

REYSAŞ REIT acknowledges the analyst reports as the ownership of the company which has prepared the analyst reports and doesn’t publish on its Web Site (www.reysasgyo.com.tr). REYSAŞ REIT doesn’t review, verify, approve, take responsibility of and disperse the analysts reports or income models. On the other hand in some specific and limited circumstances and upon the request, in order to prevent the public's being notified wrongly it may review the analyst reports on condition that using only the public-open and retrospective historical information and being limited to a specific issue.

REYSAŞ GYO Web Site (www.reysasgyo.com.tr)

The Web Site of REYSAŞ REIT at www.reysasgyo.com.tr Internet address is actively used in the way that the CMB Institutional Governance Principles recommended for the public disclosure. The explanations that take place in the Company's Web site do not replace the notifications and special case descriptions which should be made in accordance with the provisions of the legislation of the Capital Market. An access via the Web Site is provided for the Public disclosures made by the REYSAŞ REIT. Web Site is configured accordingly to this. Any measures related Web site security are taken. Most particularly the announcement related to the future general meeting, the agenda items, the informational document related to the agenda items, the other relevant information, documents and reports related to the agenda items and the information about the participation methods of general assembly are very clearly presented on the Web site. The works devoted to Web site development are constantly ongoing.