Modern Slavery Statement for the Financial Year Ended 31st December, 2016

Introduction from the Managing Director of Beko plc

We are committed to improving our practices to combat slavery and human trafficking.

Our Organisation's structure

Beko plc (“we”, “us” or “our”) is a part of the Arcelik A.Ş. Group, which was founded in Turkey in 1955. Arçelik A.Ş. (the “Parent Company”) has more than 60 years’ experience in consumer durables and is one of the largest household appliance producers in Europe. It is also one of the leading home-appliance brands in Turkey, offering extensive and innovative ranges of both home appliances and consumer electronics.

Our Parent Company has over 30,000 employees worldwide and has production facilities in seven (7) countries. It is a manufacturer and distributor of eleven (11) brands of white goods with thirty-three (33) sales and marketing offices around the world. Our Parent Company has a global annual turnover of £3.9bn (EURO 4.8bn).

Our ultimate parent company is Koç Holdings A.Ş. (“Koç”). Koç was founded in 1926 with its head office situated in Turkey. It is Turkey’s biggest industrial and commercial conglomerate and one of the top 500 largest companies in the world.

Our business

In the United Kingdom, our head office is based in Watford. We employ over 200 people throughout the United Kingdom and Ireland. Our business was incorporated in England and Wales on 22 August 1989 with registration number 02415578. We are responsible for the sale and distribution of home appliances (including but not limited to fridges, fridge-freezers, range-cookers, cookers, washing machines and dishwashers) to major retailers and distributors in the United Kingdom and Ireland. Our brands include Beko, Grundig, Leisure, Blomberg and Flavel.

Our supply chains

Our supply chain relates to the logistics of the import, sale and distribution of our products including our warehouses and our employees.

Our policies on slavery and human trafficking

We are committed to ensuring that there is no modern slavery or human trafficking in our supply chains or in any part of our business. Our Anti-Slavery Policy reflects our commitment to acting ethically and with integrity in all our business relationships and to implementing and enforcing effective systems and controls to ensure slavery and human trafficking is not taking place anywhere in our supply chains.

Due diligence processes for slavery and human trafficking

As part of our initiative to identify and mitigate risk our Parent Company has in place systems to:

Supplier adherence to our values and ethics

We have zero tolerance to slavery and human trafficking. To ensure all those in our supply chain and contractors comply with our values, we have in place a rigorous supply chain compliance programme jointly with our Parent Company. This includes a detailed audit questionnaire to be provided to new suppliers who will be providing lengthy services and for on-going audit purposes as appropriate.

Our Parent Company has a dedicated compliance team, which consists of the involvement from the following departments:

At subsidiary level, our Company Secretary jointly with our Head of Human Resources have been charged with the responsibility of ensuring our adherence to the Modern Slavery Act 2015 (the “Act”).

Training

To ensure a high level of understanding of the risks of modern slavery and human trafficking in our supply chains and our business, we are committed to providing training to our relevant staff in the coming financial year. We require our business partners to provide ongoing training to their relevant staff. Our external suppliers and service providers are also required to continuously adhere to the guidelines of the Modern Slavery Act.

Our effectiveness in combating slavery and human trafficking

Our Parent Company has appointed an independent third party, TUV Rheinland, to conduct an externally facilitated review to bring insights on ways to/we can tackle slavery and human trafficking. TUV Rheinland uses appropriate KPIs to assess how effective we have been in ensuring that slavery and human trafficking is not taking place in any part of our supply chains.

Further details are available on the website of our Parent Company http://www.arcelikas.com/page/1052/globalethical.

Future steps

Following a review of the effectiveness of the steps we have taken jointly with our Parent Company this year to ensure that there is no slavery or human trafficking in our supply chains we intend to provide a sample selection of our service suppliers in the United Kingdom with questionnaires monitoring their compliance to the Act.

In addition, we intend to monitor our adherence to the Act by reviewing our policy annually.

This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes our Group's slavery and human trafficking statement for the financial year ending 31st December, 2016.


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Teresa Arbuckle
Managing Director - Beko plc