[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
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Related Party Transactions
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The tender process for the infrastructure construction works of the residence/villa project, which was decided to be developed with the joint ownership structure with Tecim, on the lands owned by our Company and Tecim in Istanbul Province, Çekmeköy, Ömerli District, has been completed. The project comprises 165 units and our Company's and TECİM's shares in the projects are 44% and 56% respectively. It is planned to start the construction and sales activities of the project within the year.

"This is the translation of the Turkish public disclosure made by İş Gayrimenkul Yatırım Ortaklığı A.Ş. through the Public Disclosure Platform, under the Material Events Guideline prepared in accordance with the Communique of Material Events, numbered II-15.1. According to the Material Events Guideline and the regulations, the Turkish public disclosure shall prevail."