OYAK Update on CAPEX at Erdemir & Isdemir Steel Plants

Turkish steel maker OYAK Mining Metallurgy and continues its investments aligned for continuous development strategy.

Erdemir Plants - Engineering, equipment manufacturing, and site installation works are ongoing in the 2 Blast Furnace Renovation Project. Site installation works continue in the No.6 Steam Boiler Project. Load tests continue in the New Wide Inspection and Recoiling Line Project. Equipment manufacturing and supply works continue for the Steel Shop BOF Converters Modernization Project and Surface Inspection Systems Project. Equipment supply and site activities continue for the Various Fire Detection and Extinguishing Systems Project. In the R&D Simulation Center Project, the Vacuum Induction Furnace and Sinter Pot Grate simulators have been commissioned. Transformer procurement works continue in the Energy Distribution System Additional Investments Project. Site works are ongoing in the Environmental Investments Projects. Engineering studies continue in the 4 Coke Oven Battery Project, 60 MW Turbo Generator Project and No 6 Turbo Blower Project. Detail engineering studies continue in Steel Shop Secondary Dust Collection System Capacity Improvement Project, Slab Furnace Modernization Project and Plate Mill Housing System Renewal Investment Project. Construction works continue in the Project of Slitting Line Transfer to ERSEM. Procurement activities continue for the New Sinter Plant Project, Structural Improvement of Erdemir Port Docks and 1 Galvanizing Line Level-1 Automation System Modernization Projects. Erdemir No 5 Coke Oven Battery Project has been initiated by the decision of the Board of Directors.

Isdemir Plants - Commissioning studies continue within the scope of the New Coke Gas Gasometer Project. Cranes have been commissioned and remaining field studies are ongoing in the Steel Mill A-B Hall Extension and Overhead Crane Project. Procurement, manufacturing and field activities are ongoing within the scope of the Vacuum Degassing Plant and 3 Coke Oven Battery Modernization Projects. Engineering, purchasing processes, equipment supply, manufacturing, and site works continue in the 1 New Blast Furnace Project. Field activities continue within the scope of the and North Side Land Reclamation Projects. Procurement and manufacturing processes continue within the scope of the Boiler No 3 Retubing and Burner Modification Project. Engineering studies continue in the 1 Blast Furnace Top Recovery Turbine Project. Procurement activities continue in the New Sinter Plant Project and the Port-1 New Grab Ship Unloader Cranes Project.