İZMİR DEMİR ÇELİK SANAYİ A.Ş.

AGM Information • Jun 11, 2024

Summary Info	General Assembly Decision Regarding Dividend Distribution
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No

Decision Date	07.05.2024
Date of Related General Assembly	11.06.2024
Was The Issue of Dividend Payment Negotiated?	Discussed
Type of Cash Dividend Payment	Cash Dividend Will Not Be Paid
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 (%)
A Grubu, İşlem Görmüyor, TREIZDC00017		0,0000000	0	0	0,0000000	0
B Grubu, IZMDC, TRAIZMDC91G6		0,0000000	0	0	0,0000000	0

Amount and Rate of Cash Dividend Stock Dividend Payment

Share Group Info	Amount of Stock Dividend (TL)	Rate of Stock Dividend (%)
A Grubu, İşlem Görmüyor, TREIZDC00017	0	0
B Grubu, IZMDC, TRAIZMDC91G6	0	0

Additional Explanations

The financial statements of our Company for the accounting period January 1 - December 31, 2023, prepared in accordance with the Turkish Accounting Standards and Turkish Financial Reporting Standards (TMS/TFRS) within the provisions of the Capital Markets Board's "Communiqué on Principles Regarding Financial Reporting in Capital Markets" numbered II-14.1 and audited by Güney Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş. for the accounting period January 1 - December 31, 2023 and the financial statements prepared in accordance with the Tax Procedure Law (VUK) in the statutory records before the application of inflation accounting; According to the financial reports prepared in accordance with TFRS for the accounting period January 1 - December 31, 2023 1. 409.056.301 TL net profit for the period; whereas in the legal records kept in accordance with the VUK, there is a net loss for the period of 440.622.753 TL and thus, it has been determined that there is no distributable profit for the period in the legal records kept in accordance with the VUK.

For this reason, it has been unanimously approved by the participants at the General Assembly on 11/06/2024 that no dividend distribution will be made in accordance with the regulations of the Capital Markets Legislation regarding dividend distribution and the net profit for the period amounting to TL 1.409.056.301 in the financial statements prepared in accordance with TFRS will be transferred to the retained earnings account.

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

Supplementary Documents

Appendix: 1	IZMDC KAR PAYI DAĞITIM TABLOSU.pdf

DIVIDEND DISTRIBUTION TABLE

İZMİR DEMİR ÇELİK SANAYİ A.Ş. 01.01.2023/31.12.2023 Period Dividend Payment Table (TL)

1.Paid-In / Issued Capital	1.500.000.000
2. Total Legal Reserves (According to Legal Records)	25.832.374,2
Information on privileges in dividend distribution, if any, in the Articles of Association:	In the Articles of Association, privileges are granted to holders of usufruct shares and members of the Board of Directors with respect to dividend distribution. After the General Legal Reserves and the first dividend are set aside, the General Assembly has the right to decide to distribute %10 of the dividend to the founding shareholders and a maximum of %10 to the members of the Board of Directors. It has the right to decide to distribute shares to officers, employees and workers, foundations established for various purposes and persons and institutions of similar nature.

*	Based on CMB Regulations	Based on Legal Records
3. Current Period Profit	673.800.541	-440.622.752,63
4. Taxes Payable (-)	-735.255.760	0
5. Net Current Period Profit	1.409.056.301	0
6. Losses in Previous Years (-)	0	1.799.496.371,94
7. Primary Legal Reserve (-)	0	0
8. Net Distributable Current Period Profit	1.409.056.301	0
Dividend Advance Distributed (-)	0	0
Dividend Advance Less Net Distributable Current Period Profit	0	0
9. Donations Made During The Year ( + )	0	0
10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated	0	0
11. First Dividend to Shareholders	0	0
* Cash	0	0
* Stock	0	0
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	0	0
16. Secondary Legal Reserves	0	0
17. Statutory Reserves	0	0
18. Special Reserves	0	0
19. Extraordinary Reserves	0	0
20. Other Distributable Resources	0	0

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 (%)
A Grubu	0	0	0	0	0
B Grubu	0	0	0	0	0
TOTAL	0	0	0	0	0

Dividend Rate Table Explanations

At the meeting of the Board of Directors dated 07.05.2024 and numbered 10,

As a result of the examination of the financial statements for the accounting period 1 January - 31 December 2023 prepared in accordance with the Turkish Accounting Standards and Turkish Financial Reporting Standards (TMS/TFRS) within the provisions of the Capital Markets Board's "Communiqué on Principles Regarding Financial Reporting in Capital Markets" numbered II-14.1 and audited by Güney Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş., and the financial statements prepared in accordance with the Tax Procedure Law (VUK) and based on the statutory records before the application of inflation accounting;

For the period 1 January - 31 December 2023 according to the financial statements prepared in accordance with TFRS, there is a net profit for the period amounting to 1.409.056.301 TL ; according to the legal records kept in accordance with VUK, there is a net loss for the period amounting to 440.622.753 TL and there is no distributable profit for the period in the legal records kept in accordance with VUK.

For this reason, it has been resolved not to distribute dividends in accordance with the regulations of the Capital Markets Legislation regarding dividend distribution, and to transfer the net profit for the period amounting to 1.409.056.301 TL in the financial statements prepared in accordance with TFRS to the retained earnings account, for the approval of the General Assembly.

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