[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
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Related Party Transactions
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Explanations
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The conclusion section of the "Report on Common and Continuous Transactions" between Zorlu Enerji Elektrik Üretim AŞ ("Zorlu Enerji" or "Company"), its subsidiaries and their related parties, which was prepared in accordance with the Article 10 of the Capital Markets Board's Communiqué on Corporate Governance No. II-17.1 with the purpose of determining the common and continuous transactions to be realized in 2024 by taking into account the similar transactions undertaken in 2023, is presented below;

The Conclusion Section of The Related Party Transactions Report;

In accordance with the Article 10, titled "Common and Continuous Transactions", of the Corporate Governance Communiqué No. II-17.1 of the Capital Markets Board, which was published in the Official Gazette dated 3 January 2014 and numbered 28871, within the scope of Zorlu Enerji's financial planning for the year 2024;

Revenues to be generated by Osmangazi Elektrik Dağıtım AŞ, which is indirectly wholly-owned by Zorlu Enerji Elektrik Üretim AŞ ("Company") via Zorlu Osmangazi Enerji Sanayi ve Ticaret AŞ, from the provision of the use of distribution system and payment notification services to Osmangazi Elektrik Perakende Satış AŞ, another indirectly wholly-owned subsidiary of Zorlu Enerji via Zorlu Osmangazi Enerji Sanayi ve Ticaret AŞ, are foreseen to exceed 10% of the Company's revenues reported in its latest publicly announced annual consolidated financial statements, in 2024. The afore-mentioned service transactions are carried out in accordance with the procedures and principles specified by the Energy Market Regulatory Authority (EMRA) and the service sales fees to be generated from the use of distribution system and payment notification services are determined by EMRA's Board decisions in accordance with the related legislation and market conditions.

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.