[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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It was resolved at the meeting of the Board of Directors of Ral Gayrimenkul Yatırım Ortaklığı A.Ş. held on October 2, 2025, to establish a new company within Ral Gayrimenkul Yatırım Ortaklığı A.Ş., which is wholly owned by Ral Yapı Mühendislik A.Ş., a 100% subsidiary of our Company, for the purpose of operating in the field of real estate construction project development. The entire share capital of the new company will be owned by Ral Gayrimenkul Yatırım Ortaklığı A.Ş.

As previously disclosed to the public, the process regarding the completion of the public offering of Ral Gayrimenkul Yatırım Ortaklığı A.Ş. is still ongoing.