GERSAN Secures Try 101 Million From GEM Global Yield Fund

- GERSAN ELEKTRIK Ticaret ve Sanayi A.Ş ("GERSAN" or "GERSAN A.Ş.") has signed a funding facility for TRY[101] million under a Share Subscription Facility ("SSF") and Call Option Agreement, (the "Agreement") with GEM Global Yield Fund, the private alternative investment group.      (Logo: https://mma.prnewswire.com/media/651861/GERSAN_Logo.jpg ) This TRY[101] million will be raised from a combination of instruments, TRY50 million in capital from the SSF and TRY[51] million from the Company issuing [7.1] million call options that can be exercised within three years by GEM Global Yield Fund, at the price which represents TRY[7.2] Per Share. This new Agreement will be used to provide strength to the working capital of the Company. About GERSAN  GERSAN A.Ş., established in 1980, is a leading company in the electrical industry with 38 years of experience. GERSAN A.Ş. is a complete "R & D" - inovation company and produces technological electrical products. Some of our products are patented internationally. These products hold international certificates such as GOST, IEC, BS, TSE, EN, ATA, IPH, ISO9001-14001-18001, and CE. We export to 88 countries. Our production facilities: We have showroom organisations in Dubai, Nigeria, Kazakhistan, Litvia, Qatar. Our main fields of operations are; Busduct Systems;  Distribution Panel Systems;  G-Bus Industrial Automation Control  LED Lighting Systems   AC / DC / Wireless Electrical Car Charging Systems,   Cable Management and Support Systems,  Earthing Systems,  Underfloor Trunking Systems,  All products and productions are ISO, IEC, EN, ENEC and CB certified.  About GEM:   Global Emerging Markets (http://www.gemny.com) was founded in 1991. GEM is a USD 3.4 billion investment group having completed 375 transactions in 68 countries. The firm is an alternative investment group that manages a diverse set of investment vehicles across the world. GEM's funds include and have included : CITIC-GEM Fund, Kinderhook, GEM Global Yield Fund, GEM India and VC Bank/GEM Mena Fund*. (*GEM exited both its LP and GP stakes in Q1 2010.) For more information, please contact:   GERSAN ELEKTRIK Ticaret ve Sanayi A.Ş   http://www.gersan.com.tr GEM : Aude Planche Partner 28 Cours Albert 1er, 75008 Paris Tel: +33-153-532-010 Email: [email protected]