GALATA WIND ENERJİ A.Ş.

Notice of Dividend Amount • Mar 21, 2024

Summary Info	2023 Profit Distribution Proposal of the Board of Directors
Update Notification Flag	No
Correction Notification Flag	No
Postponed Notification Flag	No

Decision Date	21.03.2024
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	0,2314814	23,14814	10	0,2083332	20,83332

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;

Turkish Commercial Code ("TCC"), Capital Markets Legislation and Capital Markets Board ("CMB") Regulations, provisions of Corporate Tax, Income Tax and other relevant legislation, relevant provisions of the Company's Articles of Association, the 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 decisions on the subject; "Deferred Tax Expense" and "Current Tax Expense" together amount to 623.547,735 .-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, Retained Earnings/(Losses) account , which includes the current year profit of 467.705.132,27 .-Turkish Liras, has a negative balance of 1 .488.420.866,83 .-Turkish Liras, and there is an amount of Inflation Adjustment Differences related to Equity Accounts to cover the total decrease of 1.956.125.999,10 Turkish Lira in total; in this context, according to the financial statements prepared according to TPL records, there is a net profit of 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 was generated after the "Period Tax Expense" was allocated, and from this amount, "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 " Dividend Advance" amounting to 125,000,000.00 Turkish Lira distributed pursuant to the Resolution of the Board of Directors of the Company dated 02.11.2023 and numbered 2023/29 , "Net Distributable Period Profit" amounting to 319,319,875.66 Turkish Lira was realized,

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,

- 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 the net distributable profit for the period 98,000,000 .-Turkish Liras Second Dividend,

- Within this framework, by complying with the rules of the Central Registry Agency A.Ş., which are valid on the date of dividend distribution regarding "fractions", to distribute a gross dividend of 125,000,000.00 Turkish Liras at the rate of 25.53% of the "Issued Capital", to distribute a net cash dividend of 112,500,000.00 Turkish Liras 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, 323,587,944.24.- Turkish Lira 323,587,944.24. - to be transferred to "Retained Earnings and Losses" account, 167,745,341.51. - Turkish Lira 167,745,341.51. - to be transferred to "Retained Earnings and Losses" account after the aforementioned legal and special provisions are set aside according to the Legal Accounting Records,

to be submitted to 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.pdf
Appendix: 2	Profit Distribution 2023.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	196.000.000	196.000.000
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	323.587.944,24	167.745.341,51
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 (%)
- - -	112.500.000		22,98	0,2083332	20,83332
TOTAL	112.500.000		22,98	0,2083332	20,83332