[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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Announcement Content
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Explanations
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With the decision of our Company's Board of Directors dated August 02, 2024; Akfen Bafra Gayrimenkul Ticareti ve İnşaat A.Ş. ("Akfen Bafra"), which is a 100% subsidiary of our Company and established for special purposes to invest in companies established abroad whose field of activity is only real estate, and Bafra Capital Investment Ltd. ("Akfen Bafra"), a wholly-owned subsidiary of our Company, to invest in companies established abroad whose sole activity is real estate, through a special purpose company to be established in the United Kingdom by Bafra Capital Investment Ltd. with a 100% shareholding in the United States through a special purpose company to be established in the United States with a 100% shareholding in EO AT FOUNTAINS, LLC in Florida (this company will be known as "Fountains East", consisting of approximately 6 (six) acres and located at 10300 block of C E Wilson Road, Saint Johns, St. Johns County, Florida 32259). EOA FOUNTAINS, LLC (this company owns 70% of EOA FOUNTAINS, LLC, which owns the immovable property known as "Fountains East", consisting of approximately 6 (six) acres and located at 103 block of C E Wilson Road, Saint Johns, St. Johns County, Florida 32259) for a consideration of USD 4,686,932.45 and for this purpose, it has been decided to make a capital advance to Akfen Bafra in the amount of the purchase price.

The English translation of this disclosure is attached herewith and in case of any discrepancy in the texts of the disclosure, the Turkish disclosure will be accepted as the basis.