[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
oda_MaterialEventDisclosureGeneralAbstract|
Material Event Disclosure General
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Update Notification Flag
Evet (Yes)
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Correction Notification Flag
Hayır (No)
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Date Of The Previous Notification About The Same Subject
07.11.2025
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Hayır (No)
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Announcement Content
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Explanations
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In line with our company's goal to increase investments in the renewable energy sector, a contract was signed on October 27, 2025, between a company based in Turkey and Bosphorus Renewable Energy Inc., a wholly-owned subsidiary of our Company, regarding the acquisition of 9 Geothermal Resource Licenses with a total installed capacity of 505 MWm, located in Denizli and Manisa provinces.

To implement these investments, a new company named Margün Geothermal Energy Generation Inc. was established with an initial capital of TRY 100,000,000, funded by Bosphorus Renewable Energy Inc., a 82.50% subsidiary of our Company, and the remaining 17.50% by its affiliate Naturel Holding Inc.

The transfer of 1 out of the 9 Geothermal Resource Licenses, located in Denizli and Manisa provinces with a total installed capacity of 505 MWm, has been completed. The transfer processes for the remaining licenses are ongoing with the relevant authorities, and the public will be informed as soon as these processes are finalized.

Once the investments of the newly established company are completed, an annual gross production of approximately 3,863,250,000 kWh from the Geothermal Power Plants is expected. Excluding potential additional revenues, an annual total sales revenue of approximately USD 405,000,000 (TRY 16,946,293,500) from electricity generation alone, and an EBITDA of approximately USD 324,000,000 (TRY 13,557,034,800) is anticipated.

This investment represents a significant step within Margün Energy Generation Industry and Trade Inc.'s growth strategy in the geothermal energy sector, and developments will be shared with the public.

Respectfully submitted to the public and our investors.

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.