MİGROS TİCARET A.Ş.

Notice of Dividend Amount • Apr 16, 2024

Summary Info	General Assembly decision regarding the dividend distribution
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No

Decision Date	19.03.2024
Date of Related General Assembly	16.04.2024
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 (%)
MGROS, TREMGTI00012	Payment In Advance	6,9040087	690,40087	10	6,2136078	621,36078

Dividend Dates

Payment	Proposed Ex-Dividend Date	Final Ex-Dividend Date	Payment Date	Record Date
Payment In Advance	27.05.2024	27.05.2024	29.05.2024	28.05.2024

(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.

Amount and Rate of Cash Dividend Stock Dividend Payment

Share Group Info	Amount of Stock Dividend (TL)	Rate of Stock Dividend (%)
MGROS, TREMGTI00012	0	0

Additional Explanations

In compliance with the Capital Markets Board (CMB)'s Communiqué on Dividends (II-19.1) and the Guide on Dividends, as well as in accordance with our Articles of Association and publicly disclosed dividend distribution policy, the Board of Directors' dividend distribution proposal for 2023 was discussed at the General Assembly meeting. Accordingly it was decided;

• to distribute gross dividends of TL 1,250,000,000.00 to be fully paid in cash, (TL 192,935,524.48 to be covered from the Net Distributable Period Profit, TL 1,181,159,204.36 to be covered from "other sources", after allocating TL 124,094,728.84 of secondary legal reserves).
• to pay dividend TL 6.9040087 gross=net for shares at the nominal value of TL 1 for our shareholders which are full taxpayer institutions or limited taxpayer institutions obtaining dividend through a workplace or permanent representatives in Turkey,
• to pay gross dividend of TL 6.9040087 and net dividend of TL 6.2136078 (by deducting 10% withholding tax) cash for shares at the nominal value of TL 1 for our other shareholders,
• to propose to the General Assembly to start dividend distribution on 27 May 2024 upon completion of the legal process following the General Assembly Meeting.

Since the legal limit in the Article 519 of the Turkish Commercial Code has been reached, the allocation of primary reserve is not required.

Supplementary Documents

Appendix: 1	Migros Kar Dagitim Tablosu 2023.pdf
Appendix: 2	Migros Dividend Distribution Table 2023.pdf

DIVIDEND DISTRIBUTION TABLE

MİGROS TİCARET A.Ş. 01.01.2023/31.12.2023 Period Dividend Payment Table (TL)

1.Paid-In / Issued Capital	181.054.233
2. Total Legal Reserves (According to Legal Records)	75.003.740,72
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	10.791.919.000	2.194.997.595,37
4. Taxes Payable (-)	-1.886.524.000	-519.128.722,81
5. Net Current Period Profit	8.905.395.000	1.675.868.872,56
6. Losses in Previous Years (-)	0	-1.203.452.679,08
7. Primary Legal Reserve (-)	0	0
8. Net Distributable Current Period Profit	8.905.395.000	472.416.193,48
Dividend Advance Distributed (-)	0	0
Dividend Advance Less Net Distributable Current Period Profit	8.905.395.000	472.416.193,48
9. Donations Made During The Year ( + )	24.897.253,91
10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated	8.930.292.253,91
11. First Dividend to Shareholders	9.052.711,65	9.052.711,65
* Cash	9.052.711,65	9.052.711,65
* Stock
12. Dividend Distributed to Owners of Privileged Shares
13. Other Dividend Distributed
* To the Employees
* To the Members of the Board of Directors
* To Non-Shareholders
14. Dividend to Owners of Redeemed Shares
15. Second Dividend to Shareholders	59.788.083,99	59.788.083,99
16. Secondary Legal Reserves	124.094.728,84	124.094.728,84
17. Statutory Reserves
18. Special Reserves		279.480.669
19. Extraordinary Reserves	8.712.459.475,53
20. Other Distributable Resources	1.181.159.204,36	1.181.159.204,36

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 (%)
- - -
TOTAL	1.125.000.000			6,2136078	621,36078