In the scope of Capital Markets Board's ("CMB") Communiqué on "Rating Activities and Rating Agencies in Capital Markets", Global Investment Holdings' Corporate Governance Rating has been reviewed by Kobirate Uluslararası Kredi Derecelendirme ve Kurumsal Yönetim Hizmetleri A.S. (Kobirate International Credit and Corporate Governance Rating: "Kobirate"). Accordingly, Global Investment Holdings' Corporate Governance Rating has been upgraded to 9.12 (out of 10.0) from 9.06 a year ago, indicating that the Company achieved a substantial compliance with CMB's Corporate Governance Principles.

Kobirate has reviewed Corporate Governance Practices of Global Investment Holdings under four main categories, while improvements in "Board of Directors" and "Public Disclosure & Transparency" categories contributed to the overall rating improvement. More specifically, the set up of the Nomination and Remuneration Committee (Board of Directors); as well as the continuation of enhanced scope and content of the annual report (Public Disclosure & Transparency), had a positive impact on the overall rating.

Global Investment Holdings' Chairman & CEO, Mehmet Kutman, stated that: "We are proud to be amongst best performers in corporate governance practice in Turkey. We have taken corporate governance as an integral part of our corporate culture, and we progress with "responsible investment" mentality. Such approach affects the decision-making mechanism of Boards of Directors that shape the future of the company.

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Global Yatirim Holding AS published this content on 23 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 November 2020 09:20:03 UTC