Arcelik Says Nearly 2,000 employees May Be Impacted By Changes in Italy Operations, Talks To Continue With Unions and Employee Representatives

Arcelik AS ARCLK:

• ARCELIK AS - GOAL TO POSITION ITALY AS A STRATEGIC HUB IN INDUSTRIAL DESIGN FIELD AND COOKING APPLIANCES CATEGORY CONTINUES

• ARCELIK AS - IT IS PLANNED TO INVEST 110 MILLION EUR IN OUR ITALY OPERATIONS FOR UPCOMING PERIODS

• ARCELIK AS - IT IS EXPECTED THAT CARINARO WILL CONTINUE TO BE CENTER FOR SPARE PARTS AND REFURBISHMENT

• ARCELIK AS - A RIGHTSIZING OF CERTAIN PRODUCTION OPERATIONS IN LAUNDRY AND COOLING CATEGORIES AT CASSINETTA, SIENA, AND COMUNANZA IS PLANNED

• ARCELIK AS - ALL STRATEGIC OPTIONS, INCLUDING DIVESTMENT, WILL BE EVALUATED, WITH GOAL OF CONTINUING PRODUCTION AT THESE FACTORIES UNTIL END OF 2025

• ARCELIK AS - DISCUSSIONS WILL CONTINUE WITH UNIONS AND EMPLOYEE REPRESENTATIVES FOR NEARLY 2,000 EMPLOYEES EXPECTED TO BE AFFECTED BY PROCESS ACROSS ALL OPERATIONS IN ITALY