[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
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Material Event Disclosure General
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Update Notification Flag
Hayır (No)
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Hayır (No)
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Date Of The Previous Notification About The Same Subject
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Hayır (No)
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Announcement Content
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Explanations
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Within the scope of Article 10 of the Capital Markets Board's (CMB) Communiqué on Material Events No. II-15.1, the consolidated revenue expectation for 2024 was stated as EUR 29mn and EBITDA as EUR 27mn in the investor presentation, which was last shared on May 21, 2024, including the Company's current operational and financial data and future projections. In the first half of 2024, revenue and EBITDA were realized at approximately EUR 12.5mn and EUR 11mn, respectively, and the year-end expectations set out in the investor presentation are expected to be achieved with the continued improvement in the performance of the hotels.

In addition, within the scope of the Announcements made in CMB Bulletin No. 2024/14 pursuant to CMB Decision No. 14/382 dated 07.03.2024 and CMB Bulletin No. 2024/38 pursuant to CMB Decision No. 42/1263 dated 08.08.2024, the impact of TAS 29 inflation accounting, which was started to be applied as of the end of 2023, on our Company's consolidated financial statements as of June 30, 2024 is presented for the information of our investors as of the selected financial statement items stated in the annex.

This statement was translated into English for informational purposes. In case of a discrepancy between the Turkish and the  English versions of this disclosure statement, the Turkish version shall prevail.