[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
10.05.2023
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Postponed Notification Flag
Hayır (No)
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Announcement Content
oda_ExplanationSection|
Explanations
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Our subsidiary "Vesta Menkul Değerler A.Ş.," of which we own 100% of its capital, signed a preliminary agreement to withdraw from its operations in favour of a new brokerage house to be established by Kuveyt Türk Katılım Bankası A.Ş. by requesting the cancellation of all activity permits, as announced to the public with our material event disclosure dated 10.05.2023.

Currently, the Capital Markets Board (CMB) has decided to grant the application for permission to create Kuveyt Türk Yatırım Menkul Değerler A.Ş. as an intermediary organization, as announced to the public with the Bulletin dated 02/11/2023 and numbered 2023/67. As of the disclosure date of this material event, our company's subsidiary has not received any formal notice.

The transactions are scheduled to be completed in 2023, subject to the fulfillment of the closing conditions in the agreements, including gaining the regulatory authorities' approvals. A material event disclosure of the developments shall be provided, if required, in compliance with paragraph VII of Article 23 of the Communiqué with the number II-15.1.

We provide this for the general public's and investors' information.

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