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Our 30% owned subsidiary RWE & Turcas Güney Elektrik Üretim A.Ş. ("RTG") held two separate Extraordinary General Assembly Meetings on 14 November 2025.
At the first Extraordinary General Assembly meeting, it was resolved that the amount of TL 546,000,000 recorded under "Capital Adjustment Positive Differences" in RTG's financial statements dated 30 September 2025, be distributed to the shareholders pro rata to their shareholding, after deduction of the applicable tax obligations (25% Corporate Tax), resulting in a net distributable amount of TL 409,500,000. The portion attributable to our Company, Turcas, amounting to TL 122,850,000, has entered to our accounts on 14 November 2025.
At the second Extraordinary General Assembly meeting, following an assessment of RTG's cash position and future business plans, it was resolved to decrease RTG's paid-in capital from TL 762,620,765 to TL 62,620,765 through a capital reduction of TL 700,000,000. Upon completion of the relevant capital reduction process, the 30% shareholding of our Company, Turcas Holding A.Ş., in RTG's capital will remain unchanged. The amount receivable by our Company from the said capital reduction, totaling TL 210,000,000, is planned to be paid in cash by RTG following the completion of the legal procedures, which are expected to be finalized by the end of February 2026.
Further developments regarding the process will be disclosed to the Public Disclosure Platform (KAP) subsequently.
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