[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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oda_MaterialEventDisclosureGeneralAbstract|
Material Event Disclosure General
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Update Notification Flag
Hayır (No)
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Hayır (No)
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Date Of The Previous Notification About The Same Subject
06/06/2024
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Hayır (No)
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Announcement Content
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Explanations
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In our Company's public disclosure dated June 6, 2024, we shared that:

(i) We planned to undertake a Hybrid Solar Power Plant ("Hybrid SPP") investment with an installed capacity of up to 20 MW on the existing land of the RWE & Turcas Güney Elektrik Üretim A.Ş. ("RTG"), in which we hold a 30% stake and which owns and operates the 800 MW Denizli Natural Gas Combined Cycle Power Plant; and

(ii) The existing Electricity Generation License had been amended by EMRA to include this new 20 MW Hybrid SPP to be built from the ground up.

A final investment decision has been made regarding the Hybrid SPP, and an Engineering, Procurement and Construction (EPC) Contract has been signed with a third party. The total investment amount for the 20 MW Hybrid SPP is expected to be approximately USD 8 million (excluding VAT), and the plant is targeted to be operational in mid-2026.

This investment, which will be financed through RTG's internal resources, will diversify our energy subsidiary's generation portfolio with a renewable, competitive, and sustainable resource, will increase its total capacity to 820 MW.

Further developments on the matter will be shared with the public.

Best Regards.