[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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Our company has initiated the necessary process for the conversion of a portion of our outstanding receivable of 13.8 million USD from our indirect affiliated company, Global Ports Holding Plc ("GPH"), into shares through a capital increase to be carried out by GPH. As part of this transaction, GPH will increase its capital by issuing 5,144,445 new shares with a nominal value of 0.01 pounds (1 penny), and allocate them to our company at a share price of 206.5 pence (issue price), which is the current weighted average price, as partial offset against the debt. Following the share issuance, our company's ownership percentage in GPH's issued capital will increase from 63.55% to 65.9%. The completion of the transaction is planned for July 20, 2023.

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.

Respectfully announced to the public.