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Vestel Elektronik (VESD)

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Monday 16 June, 2003

Vestel Elektronik

Statement re Monitor Plant

Vestel Elektronik Sanayi Ve Ticaret
16 June 2003


ATTENTION: CAO

A fire has occurred on 13 June 2003 Friday night at the monitor plant of Vestel
Elektronik Sanayi A.S., located in Manisa. The fire was taken under control on
14 June 2003 and completely put out on the same date. There were no causalities
and none of the personnel was wounded. The monitor production plant is located
100 meters away from the main television production unit. There has not been any
damage at the main television production plant and warehouses and the production
continues on its normal course. Only plasma television production was
discontinued and it was moved to another production line to commence production
in the week starting with 16 June Monday. Vestel Elektronik's plants have
insurance coverage on replacement values and profit losses. The insurance expert
visited the damaged plant on the same date the fire occurred. Interested parties
will be informed as soon as the full information on the overall cost of the
damage is discovered.

For inquires please do not hesitate to call Mr. Cem Koksal office and mobile:
+90 0532 325 89 19, Mr. Selim Yuna office and mobile: +90 0533 344 53 62

Regards, 

VESTEL ELEKTRONIK SANAYI VE TICARET A.S.
 

Cem Koksal 
Chief Financial Officer





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