[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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Non-binding offers have been received for our project company, Biotrend İleri Dönüşüm ve Yenilenebilir Enerji Teknolojileri Sanayi A.Ş. ("Biotrend İleri Dönüşüm") , which is a 100% subsidiary of our company and will invest in the pyrolysis plant in Aliağa District of Izmir, to receive capital injection at a valuation of 200-220 million USD.

Ziraat Portföy Yönetimi A.Ş. and Deniz Portföy Yönetimi A.Ş. to hold minority equity stake through their venture capital funds in the range of 4-5% each and 8-10% in total;

1. Within the framework of the "Non-Binding Offer" signed between Ziraat Portföy Yönetimi A.Ş. and our Company on August 21, 2024, it has been agreed that;

  • The acquisition of a portion of these shares by the relevant funds will be realized after the approval of the project financing of the investments by the banks,

2. Within the framework of the "Memorandum of Understanding" signed between Deniz Portföy Yönetimi A.Ş. and our Company on August 21, 2024, it has been agreed that;

  • The acquisition of a portion of these shares by the relevant funds will be realized after the approval of the project financing of the investments by the banks and the establishment of the partnerships announced to the public on June 25, 2024 regarding the project-based strategic cooperation and partnership negotiations planned to be realized between our Company Biotrend Çevre ve Enerji Yatırımları A.Ş. and Freepoint Eco-Systems International Ltd. based in the United Kingdom,

If deemed appropriate, the final agreements to be made between our Company and the relevant portfolio management companies, will be determined by the Term Sheet, which will include the transaction structure, company value and other necessary conditions.

Further developments on the subject will be submitted for the information of our investors.

In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.