[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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Material Event Disclosure General
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Hayır (No)
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Our Company's application to the Capital Markets Board of Türkiye ("CMB") in line with the resolution of our Board of Directors dated June 26, 2025 requesting permission for amendment in the use of proceeds obtained from the initial public offering has been approved by the CMB at its meeting dated 03.07.2025 and numbered 39/1185. Accordingly, with the resolution of our Board of Directors dated 22.07.2025, it has been resolved that,
1. 10% allocation planned for Renewable Energy (Solar Power Plant - SPP) investments as outlined in our IPO prospectus approved by the CMB's letter dated August 25, 2023 and numbered E-29833736-105.01.01.01-41349, will no longer be utilized for that purpose, due to the significant increase in project costs and reduced economic feasibility of such investments, which have been driven by economic developments and changing financial parameters since the period during which the prospectus was prepared.
2. 10% portion initially planned for Renewable Energy (SPP) investments shall instead be reallocated to Domestic and International Store Expansion and Online Channel investments, which are already among the intended uses disclosed in the IPO prospectus and are currently being financed from the IPO proceeds.
3. In this context:
• The fund allocation for Domestic and International Store Expansion and Online Channel investments will be increased from the originally planned 55% to 65%,
• The fund allocation for net working capital financing will remain unchanged at 35%.
This stated amendment only relates to the reallocation of funds within disclosed usage areas and does not involve any change in the total amount of IPO proceeds raised, terms of the public offering, or shares issued within the scope of the IPO.
Our Company continues its strong momentum in expanding its retail presence both domestically and internationally. At the time of the approval of IPO prospectus, our Company operated a total of 220 stores in Türkiye, including 217 traditional stores and 3 mini-format stores. As of 30 June 2025, the number of stores has increased to 280, comprising 264 traditional stores and 16 mini-format stores. While there were no physical international stores at the time of the approval of IPO prospectus, as of 30 June 2025 the Company operates 3 physical stores in London. Except for the 10% portion originally allocated to Renewable Energy (SPP) investments, the IPO proceeds continue to be used in accordance with the plan disclosed in the prospectus.