SASA POLYESTER SANAYİ A.Ş.

Share Issue/Capital Change • Sep 7, 2023

Summary Info	Board Resolution on Conditional Capital Increase
Update Notification Flag	No
Correction Notification Flag	No
Postponed Notification Flag	No

Board Decision Date	07.09.2023
Authorized Capital (TL)	15.000.000.000
Paid-in Capital (TL)	5.298.542.110,1
Target Capital (TL)	5.321.653.794,1

Rights Issue (Allocated)

Share Group Info	Paid-in Capital (TL)	Amount of Private Placement Through Capital Increase By Restraining Preemptive Rights (TL)	Proportion of Private Placement Through Capital Increase By Restraining Preemptive Rights To The Capital (%)	New Shares'' ISIN	Form	Amount of Shares Cancelled (TL)
SASA, TRASASAW91E4	5.298.542.110,1	23.111.684	0,43618	SASA, TRASASAW91E4	Registered

	Paid-in Capital (TL)	Amount of Private Placement Through Capital Increase By Restraining Preemptive Rights (TL)	Proportion of Private Placement Through Capital Increase By Restraining Preemptive Rights To The Capital (%)	Amount of Shares Cancelled (TL)
TOTAL	5.298.542.110,1	23.111.684,000	0,43618

The Person Increased Capital Devoted	Paya Dönüştürülebilir Tahvil Sahipleri

Other Aspects To Be Notified

Property of Increased Capital Shares	Dematerialized Share

Additional Explanations

At our company's Board of Directors Meeting held on 7 September 2023, the following issues were resolved:

-To meet the demands of the Convertible Bond (CB) holders who request to exercise their conversion rights in September 2023 by realizing a conditional capital increase;

-To calculate the shares to be given to the CB holders who demand to exercise their conversion rights for a total principal bond amount of EUR 17,900,000 over the conversion price of EUR 0.007745 per share and the conversion rate of 12,911,555.84 per EUR 100.000 principal amount of the bonds;

-To increase the issued capital of the company from TRY 5,298,542,110.10 to TRY 5,321,653,794.10 by the conversion amount of TRY 23,111,684;

-To restrict the preemptive rights completely for the conditional capital increase and to allocate all of the new shares to be issued to the CB holders who demand to exercise their conversion rights in September 2023.

In this context, an application will be made to the Capital Markets Board in order to get permission for the capital increase and approval of the issue document.

In the event of any discrepancy between the Turkish and English versions of this disclosure statement, the original Turkish version shall prevail. SASA disclaims all warranties and makes no representations about the accuracy or completeness of the English translation and assumes no liability for any errors, omissions or inaccuracies that may arise from use of this translation.