[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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As of 31.12.2023, the Board of Directors of our Company has decided to appoint Ece Demirpençe, who has been working as Real Estate Development Coordinator within Akfen Holding, as Assistant General Manager at Akfen REIT A.Ş., and due to the resignation of Sertac Karaağaoğlu, who was the General Manager of our Company, Ece Demirpençe will be the acting General Manager within the scope of Article 18/4 of the Communiqué on Principles Regarding Real Estate Investment Trusts numbered III-48.1.

Ece Demirpençe, Acting General Manager of Akfen GYO, completed her undergraduate education in the Department of Urban and Regional Planning at Mimar Sinan University, Faculty of Architecture, and holds a Master's degree from Istanbul Technical University in Real Estate Development. Demirpençe started her professional career as a Real Estate Development Consultant in Proje Yönetim A.Ş. between 2003 and 2005. In 2005, she joined Multi Development, a Netherlands-based company, where she spent a decade working on the development and management of large-scale international real estate projects.  She undertook roles and responsibilities respectively as Assistant Project Manager, Commercial Project Manager, Director of Investment and Operations, and Commercial Director. In 2016, she moved to the United States and established her own company in the online retail sector and progressed successful steps in the entrepreneurship ecosystem under her own brand. Ece Demirpençe, who started her role as the Real Estate Development Coordinator at Akfen Holding at the beginning of 2023, is currently continuing her duties as the Acting General Manager of Akfen GYO as of 2024.