Statement by TVF Regarding THY Shares

Statement by TVF Regarding THY Shares A statement about THY shares came from TVF. Turkish Wealth Fund General Manager Zafer Sönmez said, "We do not have a plan to sell even one THY share." Turkish Wealth Fund (TVF) General Manager Zafer Sönmez said, "We have a 49.12 percent share in THY. We do not plan to sell even 1 more THY share. I say this clearly. This should be understood. This is not an issue to be manipulated. I think it is malicious." Speaking to Anadolu Agency (AA) about the news about Turkish Airlines (THY) recently, Sönmez stated that TVF had no idea or plan to sell THY shares and that such a situation did not even cross their minds. Stating that he could not understand the fake news in the media, Sönmez said, "We have a 49.12 percent share in THY. We do not have a plan to sell even 1 THY share. I say this clearly. This should be understood. I think it is malicious." Underlining that Turkish Airlines is among the most important airlines in the world, TVF General Manager Sönmez underlined that the world aviation industry is going through a difficult process due to the coronavirus epidemic. Sönmez added that within the scope of the fight against the epidemic, THY successfully fulfilled its own plans, necessary cash flow and financing needs. Noting that there were many opportunities during the epidemic period and people overlooked this, Sönmez continued his explanations as follows: "THY is about to be among the top five companies in the world in aviation. We are always supporting THY. There is no plan at the moment, and it would not be right for us to say something over speculation. THY is one of the winning players in the aviation industry during the pandemic process. one will be, what I can tell. Global, our country will be one of the winners as the flag carrier. Turkey will continue to support the Turkish Airlines with its Asset Fund. " Noting that THY is an important company that can make profit and grow according to its own business plan, Sönmez said that the senior management of the company, which was previously in the cargo area but entered the global league in the cargo field with the epidemic, successfully carried out this process. Sönmez stated that they always support THY and that they will be there in the future, "We do not have a plan to sell even one share, let alone sell shares. Everything that is written is just speculation. This is beyond good intentions.” Emphasizing that TVF is in close cooperation with Turkish Airlines and they see themselves as a part of the same team, Sönmez said, "We are always prepared against the worst scenario. THY will come out as a winning player from the pandemic."