ARÇELİK A.Ş.

Registration Form • Mar 28, 2025

ARÇELİK A.Ş. ARTICLES OF ASSOCIATION AMENDMENT TEXT

Current Text	Revised Text
[Article 6 – Capital]	[Article 6 – Capital]
The Company has adopted authorized capital system in accordance with the provisions of Law nr. 6362 and transited to authorized capital system with 28.10.1982 dated and 61 numbered permit of Capital Markets Board.	The Company has adopted authorized capital system in accordance with the provisions of Law nr. 6362 and transited to authorized capital system with 28.10.1982 dated and 61 numbered permit of Capital Markets Board.
Upper limit of Company's authorized capital is TL 1,500,000,000.00 (One billion and five hundred million Turkish Liras), divided into 150,000,000,000.00 (One hundred and fifty billion) registered shares, each with a nominal value of 1 (One) Kurus.	Upper limit of Company's authorized capital is TL 3,000,000,000.00 (Three billion Turkish Liras), divided into 300,000,000,000.00 (Three hundred billion Turkish Liras) registered shares, each with a nominal value of 1 (One) Kurus.
The permit provided by the CMB for the upper limit of authorized capital is valid for the years between 2021- 2025 (5 years). At the end of 2025, even if upper limit of authorized capital are not attained, in order to enable board of directors to take capital increase decision after 2025, it is mandatory to obtain authority from general assembly for a new period not exceeding 5 years by obtaining the permit of Capital Markets Board for previously permitted upper limit or a new upper limit. In case abovementioned authorization shall not be obtained, the Company cannot make a capital increase by a decision of the board of directors.	The permit provided by the CMB for the upper limit of authorized capital is valid for the years between 2025- 2029 (5 years). At the end of 2029, even if upper limit of authorized capital are not attained, in order to enable board of directors to take capital increase decision after 2029, it is mandatory to obtain authority from general assembly for a new period not exceeding 5 years by obtaining the permit of Capital Markets Board for previously permitted upper limit or a new upper limit. In case abovementioned authorization shall not be obtained, the Company cannot make a capital increase by a decision of the board of directors. The issued capital of Company is TL 675,728,205.00
The issued capital of Company is TL 675,728,205.00 (Six hundred seventy five million and seven hundred twenty eight thousand and two hundred and five Turkish Liras) and mentioned issued capital is fully paid as free of collusion. Corporate stocks are tracked based on records within the framework of dematerialization principles. If necessary, Company's capital may be increased or decreased within the framework of the provisions of Turkish Commercial Code and Capital Markets Board. The Board of Directorsis authorized to increase the issued capital by issuing new shares up to upper limit of authorized capital when deemed as necessary in accordance with the provisions of Capital Markets Law and to take decisions on limiting the rights of shareholders for acquiring new shares and on issuing shares at a premium or under its 6 nominal value. Authority of limiting the new share acquirement shall not be used in a way that causes disparity among shareholders.	(Six hundred seventy five million and seven hundred twenty eight thousand and two hundred and five Turkish Liras) and mentioned issued capital is fully paid as free of collusion. Corporate stocks are tracked based on records within the framework of dematerialization principles. If necessary, Company's capital may be increased or decreased within the framework of the provisions of Turkish Commercial Code and Capital Markets Board. The Board of Directorsis authorized to increase the issued capital by issuing new shares up to upper limit of authorized capital when deemed as necessary in accordance with the provisions of Capital Markets Law and to take decisions on limiting the rights of shareholders for acquiring new shares and on issuing shares at a premium or under its 6 nominal value. Authority of limiting the new share acquirement shall not be used in a way that causes disparity among shareholders.