[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
oda_MaterialEventDisclosureGeneralAbstract|
Material Event Disclosure General
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Update Notification Flag
Evet (Yes)
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Correction Notification Flag
Hayır (No)
oda_DateOfThePreviousNotificationAboutTheSameSubject|
Date Of The Previous Notification About The Same Subject
16.05.2025
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Postponed Notification Flag
Hayır (No)
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Announcement Content
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Explanations
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As stated in our Material Event Disclosures dated 15.05.2025 and 16.05.2025, the Ground Handling Permission and License Agreement signed between our 99.9% owned subsidiary Celebi Airport Services India Pvt. Ltd. ("CASI") and GMR Goa International Airport Limited ("GGIAL"), valid until 2042, and the Ground Handling Agreement signed between CASI and GMR Visakhapatnam International Airport Limited ("GVIAL"), have been unilaterally terminated by the respective airport authorities due to the cancellation of security clearances on the grounds that such clearances allegedly contradict national security considerations, in accordance with the provisions of the respective contracts. The formal notices regarding these terminations were officially served to our subsidiary on 16.05.2025.

Since the commencement of its operations, our subsidiary has never engaged in any activity that would violate India's national security considerations or applicable legislation.  Our Company and its subsidiary bear no responsibility for any potential disruptions, delays, or adverse developments that may arise at Goa and Bhogapuram Airports as a result of the unilateral termination of the aforementioned concession agreements, including any effects on airport operations or civil aviation traffic.

Our Company will pursue all available legal and administrative remedies to challenge these unfounded allegations and to seek the annulment of the terminations.

This development concerning our subsidiary, along with other matters previously disclosed on 15.05.2025 and 16.05.2025, does not pose a material risk to the financial standing, operations, or the ability of our Company to fulfill its obligations.

In the event of any further material developments that may affect the value of our Company's shares, our shareholders shall be duly informed in accordance with applicable regulations.

This Material Disclosure Announcement is prepared in Turkish and in English. In case of any discrepancy between the two versions, Turkish disclosure will prevail.