[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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-Unofficial Translation-

The following statement was sent to our company by our Chairman of the Board, Mr. Abidin GÜLMÜŞ:

I have applied for the conversion of 6,000,000 Group B shares of Gen İlaç ve Sağlık Ürünleri Sanayi ve Ticaret A.Ş. (GENIL) from my current holdings of 55,000,000 Group A shares and 154,750,000 Group B shares, which are currently of the non-tradable type from non-tradable to tradable status on the stock exchange.

The shares subject to this conversion have been transitioned to tradable status to be utilized as collateral for potential urgent cash requirements that may arise from the future investments of both our company and myself.

In order to meet any cash needs that may emerge within the framework of our current investment targets in the most optimal manner, these shares will be kept ready for use as collateral. I do not intend to offer these shares, which have been converted to tradable status, for sale.

Just as I have strived to protect our investors since the day our company began trading on the stock exchange, I declare that I will continue to take all necessary steps to protect our investors and take every action to ensure our company's investments proceed in the most efficient manner.

Respectfully announced to the public.