[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
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Material Event Disclosure General
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Hayır (No)
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Explanations
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Borusan Holding A.Ş., our indirect shareholder, has informed us that as of 28 June 2024, it has acquired Borusan İstikbal Ticaret Türk A.Ş. through a merger. The notification from Borusan Holding A.Ş. regarding this transaction is below and attached.

"As of 28 June 2024, Borusan Holding A.Ş. ("Borusan Holding") has acquired Borusan İstikbal Ticaret Türk A.Ş. ("Borusan İstikbal") through a merger and thus Borusan İstikbal has been dissolved. Borusan Holding's indirect shares in Borusan Birleşik Boru Fabrikaları Sanayi ve Ticaret A.Ş. ("Borusan Birleşik Boru") is 70,63%. Since Borusan Holding is the 100% owner of Borusan İstikbal, Borusan Holding's indirect shares in Borusan Birleşik Boru will not change as a result of the merger. As a matter of fact, there has been no change of management control of Borusan Birleşik Boru as a result of the merger."

The Turkish translation of this disclosure is also available and in case of any discrepancy, the Turkish version shall prevail.