ZORLU ENERJİ ELEKTRİK ÜRETİM A.Ş.

M&A Activity • Dec 5, 2023

Summary Info	About the simplified merger with wholly-owned Alkan Jeotermal Enerji Elektrik Üretimi A.Ş.
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No

Board Decision Date	11.10.2023
Merger Model	Merger Through Acquisition
Date Of Financial Statements Base To Merger	30.06.2023
Currency Unit	TRY

Acquired Company	Trading On The Stock Exchange/Not Trading On The Stock Exchange	Share Exchange Rate	Group of Share To Be Distributed To Acquired Company Shareholders	Form of Share To Be Distributed To Acquired Company Shareholders
Alkan Jeotermal Enerji Elektrik Üretimi A.Ş.	Not Trading On The Stock Exchange

Share Group Info	Paid In Capital	Amount Of Capital To Be Increased Due To The Acquisition (TL)	Capital To Be Decreased (TL)	Target Capital	New Shares To Be Given Due To Merger
A Grubu, İşlem Görmüyor, TREZORN00012	500.000.000			500.000.000
B Grubu, ZOREN, TRAZOREN91L8	4.500.000.000			4.500.000.000

	Paid In Capital	Amount Of Capital To Be Increased Due To The Acquisition (TL)	Capital To Be Decreased (TL)	Target Capital
TOTAL	5.000.000.000 TL	0 TL	0 TL	5.000.000.000 TL

Capital Market Board Application Date Regarding Merger	11.10.2023
Capital Market Board Application Result Regarding Merger	APPROVAL
Capital Market Board Approval Date Regarding Merger	01.12.2023

Additional Explanations

The application made to the Capital Markets Board on October 11, 2023 for "Merger via Facilitated Procedure" with our wholly-owned subsidiary Alkan Jeotermal Enerji Elektrik Üretimi A.Ş. was approved with the CMB's decision dated December 1, 2023 and numbered 75/1628. The text of the announcement and the merger agreement approved by the Board are attached. 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.

Documents Regarding Merger

Appendix: 1	Alkan-Zorlu Enerji -Duyuru Metni.pdf - Announcement Text
Appendix: 2	Birleşme Sözleşmesi.pdf - Merger Contract