GALATA WIND ENERJİ A.Ş.

Notice of Dividend Amount • Aug 26, 2024

Summary Info	Exercise Date of the cash dividend right.
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No

Decision Date	21.03.2024
Date of Related General Assembly	18.04.2024
Was The Issue of Dividend Payment Negotiated?	Discussed
Type of Cash Dividend Payment	Payment In Advance
Currency Unit	TRY
Stock Dividend	Will Not Be Paid

Cash Dividend Payment Amount and Rates

Share Group Info	Payment	Cash Dividend To Be Paid For Share With Par Value of 1 TL - Gross (TL)	Cash Dividend To Be Paid For Share With Par Value of 1 TL - Gross (%)	Withholding Rate (%)	Cash Dividend To Be Paid For Share With Par Value of 1 TL - Net (TL)	Cash Dividend To Be Paid For Share With Par Value of 1 TL - Net (%)
GWIND, TREGWIN00014	Payment In Advance	0,8092592	80,92592	10	0,7283332	72,83332

Dividend Dates

Payment	Proposed Ex-Dividend Date	Final Ex-Dividend Date	Payment Date	Record Date
Payment In Advance		27.08.2024	29.08.2024	28.08.2024

(1) The date that the dividend will be paid and the share will start trading without dividend right (proposed).

(2) The date that the dividend will be paid and the share will start trading without dividend right (finalized).

(3) Date of entry to the accounts of the shareholders whose shares are traded on the stock exchange.

(4) Date of determination of the right holders of the type of shares traded on the stock exchange.

Cash Dividend Payment Time Interval

First Ex-Date Possible (Proposed)	Last Ex-Date Possible (Proposed)	First Ex-Date Possible (Approved by General Assembly)	Last Ex-Date Possible (Approved by General Assembly)
			29.08.2024

Amount and Rate of Cash Dividend Stock Dividend Payment

Share Group Info	Amount of Stock Dividend (TL)	Rate of Stock Dividend (%)
GWIND, TREGWIN00014	0	0

Additional Explanations

As a result of the negotiations;

"Taking into consideration the provisions of the Turkish Commercial Code ("TCC"), Capital Markets Legislation and Capital Markets Board ("CMB") Regulations, Corporate Tax, Income Tax and other relevant legislation, the relevant provisions of our Company's Articles of Association, our Company's Dividend Distribution Policy and the Board decision dated 07.03.2024, numbered 14/382 published in the CMB's bulletin dated 07.03.2024, numbered 2024/14;

- In accordance with the provisions of the CMB's Communiqué No. II-14.1 "Communiqué on the Principles of Financial Reporting in Capital Markets", Turkish Accounting Standards ("TAS") and Turkish Financial Reporting Standards ("TFRS") published by the Public Oversight, Accounting and Auditing Standards Authority ("POA") and the CMB's Resolution dated 28.According to the independently audited Consolidated Financial Statements for the accounting period 01.01.2023 - 31.12.2023, prepared in accordance with the CMB's Resolution dated 12.12.2023, the presentation principles of which are determined in accordance with the CMB's resolutions on the subject; "Deferred Tax Expense" and "Current Tax Expense" together amount to 623.547,735.00 Turkish Lira "Net Profit for the Period" was generated; after setting aside "General Legal Reserves" amounting to 23,385,256.61 Turkish Lira calculated in accordance with paragraph (1) of Article 519 of the TCC from this amount, the amount of 125.000.000,000,00 Turkish Lira distributed pursuant to the Resolution of the Board of Directors of the Company dated 02.11.2023 and numbered 2023/29 and after deducting the "Advance Dividend" amounting to TL 14.461.357 Turkish Lira and adding the "Donations" made in 2023 amounting to TL 14.461.357, the "Net Distributable Period Profit" amounting to TL 489.623.835,29 for the accounting period 01.01.2023-31.12.2023 was calculated,

- According to the financial statements prepared within the scope of Tax Legislation; as a result of the inflation adjustment of the balance sheet dated 31.12.2023, the Retained Earnings/(Losses) account, which includes the current year profit of TL 467,705,132.27, has a negative balance of TL 1,488,420,866.83, and there is an amount of Inflation Adjustment Differences related to Equity Accounts to cover the total decrease of TL 1.956,125,999.10 Turkish Lira; in this context, according to the financial statements prepared according to TPL records, there is a net profit for the period amounting to 467,705,132.27 Turkish Lira;

- According to the Legal Accounting Records for the accounting period 01.01.2023 - 31.12.2023, which are kept within the scope of the Tax Legislation and in accordance with the Uniform Chart of Accounts ("Accounting System Implementation General Communiqué") published by the Ministry of Finance, "Net Profit for the Period" amounting to 467,705,132.27 Turkish Liras has been generated after the "Period Tax Expense" has been allocated, "General Legal Reserves" amounting to 23. 385,256.61 Turkish Lira "General Legal Reserves" calculated in accordance with paragraph (1) of Article 519 of the Turkish Commercial Code and 125,000,000.00 Turkish Lira "Advance Dividend" distributed pursuant to the Resolution of the Board of Directors of the Company dated 02.11.2023 and numbered 2023/29, "Net Distributable Profit for the Period" amounting to 319,319,875.66 Turkish Lira was generated,

by being seen,

- Taking the Legal Accounting Records for the accounting period 01.01.2023 - 31.12.2023 as a basis for dividend distribution,

- In this framework; from the "Net Distributable Period Profit" for the year 2023 amounting to TL 319,319,875.66 in the Legal Accounting Records, firstly, to distribute a first dividend of 5% of the issued capital amounting to TL 27,000,000.00,

- After setting aside "General Legal Reserves" amounting to TL 26,574,534.15 pursuant to subparagraph (c) of paragraph 2 of Article 519 of the Turkish Commercial Code, distribution of Second Dividend amounting to TL 260,000,000.00 out of the net distributable profit for the period,

- In addition, to distribute a gross dividend of 437,000,000,000.00 Turkish Lira (TL 150,000,000.00) from the amount included in the "Extraordinary Reserves" account at the rate of 80.93% of the "Issued Capital" by complying with the rules of the Central Registry Agency A.Ş. valid on the date of dividend distribution regarding "fractions" and to distribute a net cash dividend of 393,300,000.00 Turkish Lira and to start dividend distribution on August 29, 2024 at the latest,

- According to the consolidated financial statements prepared in accordance with TAS and TFRS within the framework of CMB and POA regulations, after the aforementioned legal and special provisions are set aside, TL 161,587,944.24 of retained earnings not subject to distribution is transferred to the "Retained Earnings and Losses" account, after the aforementioned legal and special provisions are set aside, TL 5,745,341.51 of retained earnings not subject to distribution is transferred to the "Retained Earnings and Losses" account according to the Legal Accounting Records,

to be submitted together for the approval of the General Assembly"

It was unanimously decided by the participants.

This statement has been translated into English for informational purposes. In the event of any discrepancy between the Turkish and English versions of this disclosure statement, the Turkish version shall prevail.

Supplementary Documents

Appendix: 1	Kar Dağıtım 2023 v1.pdf
Appendix: 2	Profit Distribution 2023 v1.pdf

DIVIDEND DISTRIBUTION TABLE

GALATA WIND ENERJİ A.Ş. 01.01.2023/31.12.2023 Period Dividend Payment Table (TL)

1.Paid-In / Issued Capital	540.000.000
2. Total Legal Reserves (According to Legal Records)	0
Information on privileges in dividend distribution, if any, in the Articles of Association:	-

*	Based on CMB Regulations	Based on Legal Records
3. Current Period Profit	1.005.061.436	608.632.449,24
4. Taxes Payable (-)	-381.513.701	-140.927.316,97
5. Net Current Period Profit	623.547.735	467.705.132,27
6. Losses in Previous Years (-)	0	0
7. Primary Legal Reserve (-)	-23.385.256,61	-23.385.256,61
8. Net Distributable Current Period Profit	600.162.478,39	444.319.875,66
Dividend Advance Distributed (-)	125.000.000	125.000.000
Dividend Advance Less Net Distributable Current Period Profit	475.162.478,39	319.319.875,66
9. Donations Made During The Year ( + )	14.461.357	0
10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated	489.623.835,39	319.319.875,66
11. First Dividend to Shareholders	54.000.000	54.000.000
* Cash	54.000.000	54.000.000
* Stock
12. Dividend Distributed to Owners of Privileged Shares	0	0
13. Other Dividend Distributed	0	0
* To the Employees	0	0
* To the Members of the Board of Directors	0	0
* To Non-Shareholders	0	0
14. Dividend to Owners of Redeemed Shares	0	0
15. Second Dividend to Shareholders	358.000.000	358.000.000
16. Secondary Legal Reserves	26.574.534,15	26.574.534,15
17. Statutory Reserves	0	0
18. Special Reserves	0	0
19. Extraordinary Reserves	161.587.944,24	5.745.341,51
20. Other Distributable Resources	150.000.000	150.000.000

Dividend Payment Rates Table

Share Group	CASH DIVIDEND AMOUNT (TL) - NET	STOCK DIVIDEND AMOUNT (TL)	TOTAL DIVIDEND AMOUNT (TL) / NET DISTRIBUTABLE CURRENT PERIOD PROFIT (%)	DIVIDEND TO BE PAID FOR SHARE WITH PAR VALUE OF 1 TL - NET (TL)	DIVIDEND TO BE PAID FOR SHARE WITH PAR VALUE OF 1 TL - NET (%)
- - -	393.300.000		80,33	0,7283333	72,8333
TOTAL	393.300.000		80,33	0,7283333	72,8333

Dividend Rate Table Explanations

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