SASA POLYESTER SANAYİ A.Ş.

Share Issue/Capital Change • Sep 2, 2024

Summary Info	Board Resolution on Conditional Capital Increase
Update Notification Flag	No
Correction Notification Flag	No
Postponed Notification Flag	No

Board Decision Date	02.09.2024
Authorized Capital (TL)	60.000.000.000
Paid-in Capital (TL)	43.280.112.944,8
Target Capital (TL)	43.815.615.360,8

Rights Issue (Allocated)

Share Group Info	Paid-in Capital (TL)	Amount of Private Placement Through Capital Increase By Restraining Preemptive Rights (TL)	Proportion of Private Placement Through Capital Increase By Restraining Preemptive Rights To The Capital (%)	New Shares'' ISIN	Form	Amount of Shares Cancelled (TL)
SASA, TRASASAW91E4	43.280.112.944,8	535.502.416	1,23729	SASA, TRASASAW91E4	Registered

	Paid-in Capital (TL)	Amount of Private Placement Through Capital Increase By Restraining Preemptive Rights (TL)	Proportion of Private Placement Through Capital Increase By Restraining Preemptive Rights To The Capital (%)	Amount of Shares Cancelled (TL)
TOTAL	43.280.112.944,8	535.502.416,000	1,23729

The Person Increased Capital Devoted	Erdemoğlu Holding A.Ş

Other Aspects To Be Notified

Property of Increased Capital Shares	Dematerialized Share

Additional Explanations

Within the scope of the approvals of the Capital Markets Board (CMB) dated 17 January 2024; the issue and sale of Contingent Convertible Debt Instrument has been completed on 22 January 2024 with an aggregate principal amount of TRY 3,547,703,506 and all of the instrument was sold to Company's main shareholder Erdemoğlu Holding as a private placement. The conversion price was determined as TRY 53 at the issuance, and was updated as TRY 6,625 due to the 700% bonus issue realized after the issuance.

As already disclosed to the public in the Annex of the Issuance Document, all of the debt instrument issued will automatically be converted into SASA shares to be traded on Borsa Istanbul if the condition of "(Net Debt/EBITDA)≥1" is met which will be calculated on the "6-month and 12-month independently audited Consolidated Financial Statements prepared in accordance with the Turkish Financial Reporting Standards (TFRS)".

Our Company's independently audited Consolidated Financial Statements for the first half of 2024 were announced on the Public Disclosure Platform on 26 August 2024. According to the financial statements in question, the triggering event for the conversion of debt instrument into shares has occurred.

In this context, at the Board of Directors Meeting of our Company held on 2 September 2024, it was decided that a conditional capital increase will be realized for the redemption of the Contingent Convertible Debt Instrument issued on 22 January 2024. The Company's issued capital will be increased from TRY 43,280,112,944.80 to TRY 43,815,615,360.80 within the upper limit of authorized capital of TRY 60,000,000,000 and all the new shares to be issued with a nominal value of TRY 535.502.416 will be allocated to the bondholder, Erdemoglu Holding, by restricting preemptive rights completely.

An application will be made to the Capital Markets Board in order to get permission for the capital increase and approval of the issue document.

In the event of any discrepancy between the Turkish and English versions of this disclosure statement, the original Turkish version shall prevail. SASA disclaims all warranties and makes no representations about the accuracy or completeness of the English translation and assumes no liability for any errors, omissions or inaccuracies that may arise from use of this translation.