[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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Material Event Disclosure General
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Hayır (No)
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Explanations
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An agreement has not yet been reached between Our Incorporation and Authorized Hava-Iş Union in the ongoing collective bargaining agreement negotiation process. Our Board of Directors decided to apply an increase of 50% to the personnel salaries in effect as of 31.01.2024, effective from 01.02.2024 to safeguard our employees' purchasing power until the ratification of 28th Collective Bargaining Agreement. This adjustment is based on the rate specified in the Decision No. 2023/2 of the Minimum Salary Determination Commission, published on Official Gazette No. 32415 dated 30.12.2023.

If a new collective bargaining agreement is signed by agreeing with the Authorized Union on a higher wage increase rate on 01.01.2024, offset will be made by taking into account this 50% increase rate to be applied as of February, in determining the retroactive wage differences.