Summary Info	Application to the CMB for Approval of the Issuance Certificate and the Determined Sale Price
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No

Board Decision Date	09.10.2024
Authorized Capital (TL)	20.000.000.000
Paid-in Capital (TL)	1.016.031.947
Target Capital (TL)	1.196.962.446

Rights Issue (Allocated)

Share Group Info	Paid-in Capital (TL)	Amount of Private Placement Through Capital Increase By Restraining Preemptive Rights (TL)	Proportion of Private Placement Through Capital Increase By Restraining Preemptive Rights To The Capital (%)	New Shares'' ISIN	Form	Amount of Shares Cancelled (TL)
A Grubu, İşlem Görmüyor, TREAKFY00023	203.206.390
B Grubu, AKFYE, TREAKFY00015	812.825.557	180.930.499	22,25945	B Grubu, AKFYE, TREAKFY00015	Bearer

	Paid-in Capital (TL)	Amount of Private Placement Through Capital Increase By Restraining Preemptive Rights (TL)	Proportion of Private Placement Through Capital Increase By Restraining Preemptive Rights To The Capital (%)	Amount of Shares Cancelled (TL)
TOTAL	1.016.031.947	180.930.499,000	17,80756

The Person Increased Capital Devoted	Akfen International Holding B.V.
Total Sales Revenue Planned (TL) (*)	3.150.000.000

* The nominal capital increase amount to be raised is calculated according to the sale price of the share with a nominal value of 1 TL, which determined in line with Borsa Istanbul A.S.'s Procedure for Wholesale Purchase and Sale Transactions.

Other Aspects To Be Notified

Capital Market Board Application Date	25.09.2024
Capital Market Board Application Result	Approval
Capital Market Board Approval Date	21.11.2024
Property of Increased Capital Shares	Dematerialized Share

Additional Explanations

As announced in the Capital Markets Board's (CMB) Bulletin dated 21.11.2024 and numbered 2024/53:

In accordance with the procedure for Wholesale Transactions of Borsa İstanbul A.Ş. (Borsa), Akfen Yenilenebilir Enerji A.Ş. (Company) has decided to increase its issued capital of 1,016,031,947 TL within the registered capital ceiling of 20,000,000,000 TL. The increase will be executed through a allocated capital increase with existing shareholders' preemptive rights fully restricted, to achieve a total sales revenue of 3,150,000,000 TL. The newly issued shares will be allocated to Akfen International Holding B.V. in exchange for cash receivables from the Company. The application for approval of the issuance certificate submitted to the CMB has been positively evaluated under the following conditions:

1) a) The nominal value of the shares subject to the capital increase will be determined based on the share sale price, which will be set after the Company's application to Borsa. The share sale price must not be below the base price calculated within the framework of the Wholesale Transactions Procedure of Borsa.

b) The nominal value of the issued shares will be determined based on the established share sale price, and the issuance certificate will be revised to include the nominal value and price information accordingly.

2) Necessary actions will be taken to inform the Central Securities Depository (CSD) to restrict the sale of the issued shares on the stock exchange for one year from the date they are credited to Akfen International Holding B.V.'s account with the CSD. Any off-exchange sales will also be subject to this restriction as per the commitment provided by Akfen International Holding B.V.

In this context; the sale price of the shares to be issued has been set at 17.41 TL, which is the base price specified in the Wholesale Transactions Procedure of Borsa. Following the capital increase, the issued capital will rise from 1,016,031,947 TL to 1,196,962,446 TL. As part of this process, an application has been submitted to the CMB today (25.11.2024) for the approval of the final issuance certificate approved by the CMB.

Respectfully announced to the public and investors.

This statement has been translated into English for informational purposes. In the event of any discrepancy between the Turkish and English versions of this disclosure statement, the Turkish version shall prevail.