Summary Info	Proposal of the Board of Directors Regarding Dividend Distribution
Update Notification Flag	No
Correction Notification Flag	No
Postponed Notification Flag	No

Decision Date	21.04.2025
Type of Cash Dividend Payment	Payment In Advance
Currency Unit	TRY
Stock Dividend	Will Not Be Paid

Cash Dividend Payment Amount and Rates

Share Group Info	Payment	Cash Dividend To Be Paid For Share With Par Value of 1 TL - Gross (TL)	Cash Dividend To Be Paid For Share With Par Value of 1 TL - Gross (%)	Withholding Rate (%)	Cash Dividend To Be Paid For Share With Par Value of 1 TL - Net (TL)	Cash Dividend To Be Paid For Share With Par Value of 1 TL - Net (%)
A Grubu, İşlem Görmüyor, TREKZYB00029	Payment In Advance	1,2889239	128,89239	15	1,0955853	109,55853
B Grubu, KBORU, TREKZYB00011	Payment In Advance	1,2889239	128,89239	15	1,0955853	109,55853

Dividend Dates

Payment	Proposed Ex-Dividend Date	Final Ex-Dividend Date	Payment Date	Record Date
Payment In Advance	24.06.2025		26.06.2025	25.06.2025

(1) The date that the dividend will be paid and the share will start trading without dividend right (proposed).

(2) The date that the dividend will be paid and the share will start trading without dividend right (finalized).

(3) Date of entry to the accounts of the shareholders whose shares are traded on the stock exchange.

(4) Date of determination of the right holders of the type of shares traded on the stock exchange.

Amount and Rate of Cash Dividend Stock Dividend Payment

Share Group Info	Amount of Stock Dividend (TL)	Rate of Stock Dividend (%)
A Grubu, İşlem Görmüyor, TREKZYB00029	0	0
B Grubu, KBORU, TREKZYB00011	0	0

Additional Explanations

Under the provisions of the Capital Markets Board's Communiqué No: II, Series: 14.1, financial statements prepared based on Turkish Financial Reporting Standards (TFRS) show a net period profit of 648,423,565.00 TL, while our financial statements prepared under the Tax Procedure Law show a net period profit of 615,069,934.09 TL. Pursuant to Article 13 of our Company's Articles of Association;

It has been decided to allocate 3,961,585.67 TL from the net period profit as general legal reserves in accordance with the limits and rates specified in Article 519 of the Turkish Commercial Code, and to determine the Net Distributable Period Profit base as 644,461,979.33 TL since no donations were made during the year. Accordingly:

a- To distribute as "first dividend to shareholders" a gross amount of 128,892,395.87 TL, corresponding to 20% in accordance with the Turkish Commercial Code and capital market legislation within the framework of the company's profit distribution policy,

b- To pay a cash dividend at a gross rate of 20% per share with a nominal value of 1 TL, and to pay our fully liable real person shareholders and limited liable real and legal person shareholders the net rate after deducting the withholding tax rates specified in the tax laws,

c- To allocate 12,389,239.59 TL, which is 10% of the amount obtained after deducting a dividend corresponding to 5% of the capital from the portion decided to be distributed to shareholders, as general legal reserves in accordance with the second paragraph of Article 519 of the Turkish Commercial Code,

d- To transfer the undistributed profits amounting to 503,180,343.88 TL prepared based on TFRS to the "Retained Earnings and Losses" account, and to transfer the undistributed profits amounting to 469,826,712.97 TL under tax legislation to the "Retained Earnings and Losses" account,

e- To start the payment of the first dividend on 24.06.2025 and to distribute it in cash,

f- To authorize the Board of Directors regarding the execution of tasks and transactions related to profit distribution, and to present these matters for the approval of our shareholders at the company's Ordinary General Assembly Meeting.

DIVIDEND DISTRIBUTION TABLE

KUZEY BORU A.Ş. 01.01.2024/31.12.2024 Period Dividend Payment Table (TL)

1.Paid-In / Issued Capital	100.000.000
2. Total Legal Reserves (According to Legal Records)	16.038.414,33
Information on privileges in dividend distribution, if any, in the Articles of Association:	-

*	Based on CMB Regulations	Based on Legal Records
3. Current Period Profit	503.163.599	628.729.556,34
4. Taxes Payable (-)	145.259.966	13.659.622,25
5. Net Current Period Profit	648.423.565	615.069.934,09
6. Losses in Previous Years (-)	0	0
7. Primary Legal Reserve (-)	3.961.585,67	3.961.585,67
8. Net Distributable Current Period Profit	644.461.979,33	611.108.348,42
Dividend Advance Distributed (-)	0	0
Dividend Advance Less Net Distributable Current Period Profit	0	0
9. Donations Made During The Year ( + )	0	0
10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated	644.461.979,33	611.108.348,42
11. First Dividend to Shareholders	128.892.395,87	128.892.395,87
* Cash	128.892.395,87	128.892.395,87
* Stock	0	0
12. Dividend Distributed to Owners of Privileged Shares	0	0
13. Other Dividend Distributed	0	0
* To the Employees	0	0
* To the Members of the Board of Directors	0	0
* To Non-Shareholders	0	0
14. Dividend to Owners of Redeemed Shares	0	0
15. Second Dividend to Shareholders	0	0
16. Secondary Legal Reserves	12.389.239,59	12.389.239,59
17. Statutory Reserves	0	0
18. Special Reserves	0	0
19. Extraordinary Reserves	503.180.343,88	469.826.712,97
20. Other Distributable Resources	0	0

Dividend Payment Rates Table

Share Group	CASH DIVIDEND AMOUNT (TL) - NET	STOCK DIVIDEND AMOUNT (TL)	TOTAL DIVIDEND AMOUNT (TL) / NET DISTRIBUTABLE CURRENT PERIOD PROFIT (%)	DIVIDEND TO BE PAID FOR SHARE WITH PAR VALUE OF 1 TL - NET (TL)	DIVIDEND TO BE PAID FOR SHARE WITH PAR VALUE OF 1 TL - NET (%)
A Grubu	26.294.048,76	0	4,08	1,0955853	1,09558
B Grubu	83.264.487,73	0	12,92	1,0955853	1,09558
TOTAL	109.558.536,49	0	17	1,0955853	1,09558

Dividend Rate Table Explanations

The calculation of the distributed net dividend has been made by applying a 15% withholding tax rate, assuming that all publicly traded shares are owned by fully liable real persons. The per-share information has been calculated by applying withholding tax. Accordingly, the gross dividend amount per share with a nominal value of 1 TL is determined as 1.2889239 TL, while the net amount is 1.0955853 TL.