[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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Dear Stakeholders;

At the meeting of our Company's Board of Directors;

It has been decided to include real estate in our current investment activities in order to support our Company's long-term growth strategy as a value investor.

This decision was taken considering the developments in the real estate sector in recent years and the alignment of future opportunities within the sector with our Company's growth targets. In this context, it is planned to initiate research into investment opportunities for suitable projects.

Within the framework of the current macroeconomic conditions in our country (an environment of declining inflation and interest rates) and for the purpose of evaluating investment opportunities emerging in the real estate sector, our Company's Board of Directors has decided:

To establish a wholly-owned (100%) subsidiary,
To incorporate said company under the trade name İSTANBUL KANDİLLİ GAYRİMENKUL YATIRIM AŞ with a capital of 100,000,000 TL,
To pay the founding capital in cash by our Company prior to its registration with the trade registry.

Developments regarding the process will be shared with the public in the coming period.

Respectfully announced to the public.