KUZEY BORU A.Ş.

Share Issue/Capital Change • Feb 6, 2025

Summary Info	Board of Directors Decision on Bonus Issue of Shares
Update Notification Flag	No
Correction Notification Flag	No
Postponed Notification Flag	No

Board Decision Date	06.02.2025
Authorized Capital (TL)	1.500.000.000
Paid-in Capital (TL)	100.000.000
Target Capital (TL)	600.000.000

Bonus Issue

Share Group Info	Paid-in Capital (TL)	Amount of Bonus Issue From Internal Resources (TL)	Rate of Bonus Issue From Internal Resources (%)	Amount of Bonus Issue From Dividend (TL)	Rate of Bonus Issue From Dividend (%)	Amount of Total Bonus Issue (TL)	Rate of Total Bonus Issue (%)	Share Group Issued	New Shares'' ISIN	Nevi
A Grubu, İşlem Görmüyor, TREKZYB00029	24.000.000	120.000.000,000	500,00000			120.000.000,000	500,00000	A Grubu	A Grubu, İşlem Görmüyor, TREKZYB00029	Registered
B Grubu, KBORU, TREKZYB00011	76.000.000	380.000.000,000	500,00000			380.000.000,000	500,00000	B Grubu	B Grubu, KBORU, TREKZYB00011	Registered

	Paid-in Capital (TL)	Amount of Bonus Issue From Internal Resources (TL)	Rate of Bonus Issue From Internal Resources (%)	Amount of Bonus Issue From Dividend (TL)	Rate of Bonus Issue From Dividend (%)	Amount of Total Bonus Issue (TL)	Rate of Total Bonus Issue (%)
TOTAL	100.000.000	500.000.000,000	500,00000			500.000.000,000	500,00000

Details of Internal Resources :

Inflation Adjustment on Equity (TL)	200.000.000
Premium on Issued Shares (TL)	300.000.000

Other Aspects To Be Notified

Number of Articles of Association Item To Be Amended	6
Property of Increased Capital Shares	Dematerialized Share

Additional Explanations

By our Board of Directors;

1. To increase the Company's issued capital of TL 100,000,000, within the registered capital ceiling of TL 1,500,000,000, by TL 500,000,000 (500% increase) to TL 600,000,000, to be fully covered from internal resources,

2. Of the TL 500,000,000 to be increased from internal resources, TL 300,000,000 will be covered from "Share Premium Reserves" and the remaining TL 200,000,000 will be covered from "Capital Adjustment Positive Differences" accounts as recorded in our TAS/TFRS records and Statement of Financial Position (Balance Sheet),

3. The distribution of 500,000,000 shares with a total nominal value of TL 500,000,000, to be issued at TL 1 per share, free of charge and in proportion to the shareholders' existing shares in the Company's capital as follows:

a) Group (A) registered shares: 120,000,000 shares with a nominal value of TL 120,000,000

b) Group (B) registered shares: 380,000,000 shares with a nominal value of TL 380,000,000

in accordance with the Capital Markets Legislation's regulations regarding the dematerialized system,

4. In the capital increase, shares to be issued will be created as "non-traded on exchange" shares in exchange for existing "non-traded on exchange" shares, and as "traded on exchange" shares in exchange for existing "traded on exchange" shares,

5. To approve the amendment draft of Article 6 titled "Registered Capital" of the Company's Articles of Association attached hereto regarding the bonus capital increase from internal resources, and to obtain necessary approvals from the Capital Markets Board, Borsa Istanbul A.Ş., and Central Securities Depository A.Ş., among other institutions, for the approval of the issuance document for the shares to be issued upon completion of the bonus capital increase from internal resources and the amendment draft of Article 6 titled "Capital" of the articles of association,

6. Following the completion of necessary approvals and procedures, pursuant to Article 18 of the Capital Markets Law, to carry out the required procedures for the registration and announcement in the trade registry of the new version of Article 6 of our articles of association showing our Company's issued capital as TL 600,000,000,

7. To authorize Company Officials to conduct all necessary applications, registrations, and procedures related to the bonus capital increase before relevant institutions and to grant them authority in these matters, has been unanimously decided by those present.

We hereby submit this information for the attention of the public and our investors.

Best regards,

Supplementary Documents

Appendix: 1	Esas Sözleşme Tadil Metni.pdf