Page 13 - Code Of Governance

d. can not derive interest from the companies with which NUROL enters or is planning
to enter into negotiations for merge and acquisition or joint venture, as far as he/she
is informed about it,

e. can not disclose or use confidential information which he/she learns as a result of
his/her duty within NUROL for his/her personal interests.

f. If an employee realizes that there is such a relationship of interest of himself/herself
or any of his/her family members or relatives, each employee is obliged to notify it
to the managers as soon as possible. In this case, it’s at NUROL’s discretion not to
employ that person or dismiss that person by applying his/her legal rights within the
framework of the relevant Labor Law.

g. If the employee has a position which can affect NUROL’s decisions about real or
legal entities or institutions and organizations which are worked with, he/she must
neither make investment in the relevant company or institution directly or indirectly
nor become the executive or director of such a company.

h. Employees are allowed to make investment in any of the companies which works
with NUROL and are quoted in the stock exchange equivalent of less than 2 % of
issued capitals. In this case, they are not obliged to report it to NUROL.

In case of any confusion about the application of these policies regarding a specific
performed or planned activity, connections, interests or transactions, NUROL’s
employees must share the issue to the relevant manager for a clear solution.

In case of an organizational conflict of interests in NUROL, Holding’s Board of Directors
must be notified immediately.

g. Fair Communication with Media and Public

1. All the requests and demands obtained from business and social platform and media
are directed to the managers.

2. It is required to make sure that all the explanations and statements delivered to the
public on behalf of NUROL must be complete, accurate, clear, timely and literal without
containing any expressions which may cause misleading or misunderstanding.

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