[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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At the meeting of our Board of Directors held on 8 February 2024, based on the authority granted by Article 8 of the Company's Articles of Association titled "Capital"; it was decided unanimously;

1. Within the upper limit of authorized capital of TRY 15,000,000,000, to increase the Company's issued capital of TRY 5,321,653,794.10 by the nominal capital amount to be calculated according to the share sale price to be determined as per the Wholesale Transactions Procedures and Principles of Borsa Istanbul A.Ş., where the total sales proceeds shall amount to TRY 4,365,000,000 (four billion three hundred sixty five million Turkish Liras), with a premium and in cash through private placement by completely restricting the pre-emptive rights of shareholders,

2. To issue new shares equal to the nominal capital amount to be increased in cash, with a par value of TRY 0.01 (one kuruş) each, and all of them shall be registered, non-privileged, and publicly traded,

3. In line with the content of the Report, to sell all the newly issued shares to Erdemoğlu Holding A.Ş., the controlling shareholder of the Company, through private placement without public offering,

4. To carry out the sales of shares in private placement through wholesale transactions in the relevant market of Borsa Istanbul A.Ş. per the fourth paragraph of Article 13 of the Communiqué on Shares of the Capital Markets Board's (" CMB ") numbered VII-128.1 and dated June 22, 2013 (" Communiqué on Shares ") to determine the share sale price per Article 7.1 of the Wholesale Transactions Procedures and Principles of Borsa Istanbul A.Ş.,

5. To apply to CMB in order to obtain permission to increase the capital in cash through private placement, get approval for the Issuance Document to be issued ,

6. Pursuant to the Article 33 of the Communiqué on Shares t itled "Explanations to be made regarding the use of the funds obtained from the capital increase through rights issues", to approve and publicly disclose the "Report on the Place of Use of the Funds to be Obtained from the Cash and Allocated Capital Increase" (" Report ") about the use of the fund will be obtained from the capital increase and included in Annex-1,

7. To sign a contract with a designated intermediary institution for the sales of the shares to be issued per the principles set out in the relevant legislation, following the approval of the Issuance Certificate by the CMB.

In the event of any discrepancy between the Turkish and English versions of this disclosure statement, the original Turkish version shall prevail. SASA disclaims all warranties and makes no representations about the accuracy or completeness of the English translation and assumes no liability for any errors, omissions or inaccuracies that may arise from use of this translation.