[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
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New Business Relation
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Update Notification Flag
Hayır (No)
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Hayır (No)
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Hayır (No)
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Announcement Content
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Müşteri (Customer)
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Name Surname Or Company Title Of Customer Or Supplier
İstinyepark İstanbul Gayrimenkul Yatırım A.Ş.
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If Exists Share Of Customer Or Supplier In Trade Receivables Or Debts On Latest Disclosed Statement of Financial Position Of Company
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If Exist Significant Provisions Of The Contract
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Impact Of New Business Relation On Company Activities
Positive Effect On Company Profitability
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Explanations
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Within the scope of turnkey contracting activities (EPC) for solar power plants of our company, a contract has been signed between Naturel Yenilenebilir Enerji Ticaret A.Ş. and İstinyepark İstanbul Gayrimenkul Yatırım A.Ş. for the turnkey installation of the "TURNKEY SELF-CONSUMPTION LAND TYPE SOLAR POWER PLANT" to meet İstanbul İstinye Park Mall's electricity need. The relevant agreement involves end to end project, including land and project development, licensing, EIA and zoning process. With this investment, electricity will be produced from solar energy and it will also contribute greatly to the reduction of carbon emissions. The project is USD 4,578,655.00 (TRY 161,577,072.03+VAT).

A contract was signed for the amount of USD 29,518,132.46 excluding VAT (TRY 969,425,650.81+ VAT) to meet the electricity needs of İzmir İstinye Park Shopping Mall and Orjin Maslak İş Merkezi, and the related contract was completed on June 28, 2024. This contract is a continuation of the İstinye Park Shopping Mall projects.

It is respectfully announced 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