In our material disclosure dated 22 December 2025, it was publicly announced that the Company resolved to sell 48,000,000 shares, with a nominal value of TRY 48,000,000, representing 7.1% of the Company's share capital and owned by the Company, to Koç Holding A.Ş. for a total consideration of TRY 5,197,920,000, to be paid in cash and upfront.
The sale price was determined as TRY 108.29 per share, calculated by taking the average of the volume-weighted average prices formed over the past 10 trading days, in accordance with the Communiqué on Repurchased Shares and Borsa İstanbul A.Ş.'s Procedure on Wholesale Transactions, and rounded to the nearest price tick.
The aforementioned transaction has been completed as of today.
As stated in our material disclosure dated 22 December 2025, this transaction does not affect the Company's income statement. Within this scope, it is envisaged that the sale of the repurchased shares, whose inflation-indexed cost as of 30 November 2025 amounts to TRY 10,033,344,021, will result in a decrease of TRY 4,835,424,022 under the retained earnings / accumulated losses account, as presented in the table below, to be recognized through equity.
In addition, it is envisaged that the reserves related to repurchased shares amounting to TRY 10,033,344,021, which are currently monitored under restricted reserves within equity, will be released and reclassified to the retained earnings / accumulated losses account.
Accordingly, as a result of the transaction, a net increase of TRY 5,197,920,000 is expected in both the retained earnings account and total equity.
The final impact of the transaction will be reflected in the Company's 2025 financial statements, which will be disclosed to the public in due course.
This statement has been 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.