[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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This is the disclosure made pursuant to the "Communiqué on Principles Regarding Financial Reporting in Capital Markets (II-14.1)" published by the Capital Markets Board.

Article 12/A of the Communiqué on Principles Regarding Financial Reporting in Capital Markets (II-14.1) published by the Capital Markets Board, titled "Procedure in the Notification of Financial Reports", states that "It is essential for the entities that are subsidiaries, joint ventures or associates to notify their financial reports at the same time or earlier with their parent company, joint venture or investor company, provided that they remain within the periods specified in this Communiqué.

Within the framework of the regulations of the Capital Markets Board, our Company is obliged to apply inflation accounting in accordance with the provisions of TAS 29 starting from the financial reports dated 31.12.2023.

In the decision of the Banking Regulation and Supervision Agency (BRSA) dated 12.12.2023 and numbered 10744, it was decided that banks will not be subject to inflation accounting. In accordance with the aforementioned decision, our Company's controlling shareholder Türkiye Vakıflar Bankası T.A.O. is not obliged to subject its financial statements dated 31.03.2024 to inflation accounting in accordance with the provisions of TAS 29.

Pursuant to the Capital Markets Board's Resolution No. 6/137 dated 25.01.2024, additional time has been granted for the disclosure of financial data for the organizations including our Company in the Board Decision and an exception has been introduced for the disclosure of financial reports after the Parent Company.

Our Company's consolidation package data used in the preparation of the independently audited consolidated financial report of Türkiye Vakıflar Bankası TAO, the controlling shareholder of our Company, dated 31.03.2024, which was announced on the Public Disclosure Platform and the Bank's website (www.vakifbank.com.tr) on 09.05.2024, and 11. TL 938,542 thousand in total assets, TL 9,289,382 thousand in total shareholders' equity, TL 6,632,365 thousand in total fixed assets, TL 71,455 thousand in interest income, TL 5,866 thousand in current period profit, TL 65,229 thousand in prior period profit data includes our Company's financial data that have not been independently audited and not subjected to inflation accounting.

Our Company's financial data dated 31.03.2024 will be subjected to inflation accounting application in accordance with the provisions of TAS 29 within the given additional period and will be disclosed to the public after being independently audited. It is expected that there will be a difference between our Company's financial data included in the financial statements of our Company's controlling shareholder Türkiye Vakıflar Bankası T.A.O. dated 31.03.2024 and our financial data to be disclosed by our Company due to inflation accounting adjustment.

This disclosure has been made pursuant to the Capital Markets Board's decision dated 25.01.2024 and numbered 6/137 announced with the bulletin dated 25.01.2024 and numbered 2024/6, and we hereby declare that the responsibility arising from the information contained in the disclosure is accepted.

Regards,

VAKIF GAYRİMENKUL YATIRIM ORTAKLIĞI AŞ

Onur İNCEHASAN                             Mustafa ŞENGÜL

General Manager                                  Board Member






In accordance with the Turkish capital markets regulations, in case of any discrepency between the Turkish and English   versions of  disclosures, the Turkish language version which is published on the Public  Disclosure Platform (KAP) shall   prevail