[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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Material Event Disclosure General
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Hayır (No)
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Explanations
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At its meeting dated 23.02.2024, our Board of Directors took a decision on the following issues to submit them to the approval of the General Assembly;

Out of our Bank's net profit for the financial year 2023 amounting to TL 27,877,784,919.78;

- To not set aside any legal reserve from profit of 2023 as total of general legal reserve has reached 20% of paid-in-capital as per article 519/1 of Turkish Commercial Code numbered 6102,

- For the exempt 18,979,493.54 TL to be kept in Mandatory Funds Account in order to be benefited from exemption stated in article 5/1-e of Corporate Tax Law regarding Ekspres Gayrimenkul Turizm Yatırım İşletme ve Ticaret A.Ş. subsidiary sales profit of 2023,

- and for the remaining TL 27,858,805,426.25 to be set aside as extraordinary legal reserve.