KOCAER ÇELİK SANAYİ VE TİCARET A.Ş.

Notice of Dividend Amount • Apr 25, 2023

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

Decision Date	13.03.2023
Date of Related General Assembly	25.04.2023
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 (%)
A Grubu, İşlem Görmüyor, TREKCAE00022	Payment In Advance	0,2296333	22,96333	10	0,2066699	20,66699
B Grubu, İşlem Görmüyor, TREKCAE00014	Payment In Advance	0,2296333	22,96333	10	0,2066699	20,66699
C Grubu, KCAER, TREKCAE00030	Payment In Advance	0,2296333	22,96333	10	0,2066699	20,66699

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)
			31.05.2023

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, TREKCAE00022	0	0
B Grubu, İşlem Görmüyor, TREKCAE00014	0	0
C Grubu, KCAER, TREKCAE00030	0	0

Additional Explanations

In our Ordinary General Assembly Meeting held today, it was resolved to approve the attached dividend distribution proposal of the Board of Directors and to start the dividend payments on 31 May 2023.

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	Kocaer Çelik A.Ş. Kar Payı Dağıtım Tablosu.pdf

DIVIDEND DISTRIBUTION TABLE

KOCAER ÇELİK SANAYİ VE TİCARET A.Ş. 01.01.2022/31.12.2022 Period Dividend Payment Table (TL)

1.Paid-In / Issued Capital	657.570.000
2. Total Legal Reserves (According to Legal Records)	21.949.743
Information on privileges in dividend distribution, if any, in the Articles of Association:	None

*	Based on CMB Regulations	Based on Legal Records
3. Current Period Profit	812.686.187	567.518.269
4. Taxes Payable (-)	56.942.399	128.523.405
5. Net Current Period Profit	751.243.531	438.994.864
6. Losses in Previous Years (-)
7. Primary Legal Reserve (-)	21.949.743	21.949.743
8. Net Distributable Current Period Profit	729.293.788	417.045.121
Dividend Advance Distributed (-)
Dividend Advance Less Net Distributable Current Period Profit
9. Donations Made During The Year ( + )	326.557	326.557
10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated	729.620.345	417.371.678
11. First Dividend to Shareholders	151.000.000
* Cash	151.000.000
* 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
16. Secondary Legal Reserves	11.812.150
17. Statutory Reserves
18. Special Reserves
19. Extraordinary Reserves	566.481.638
20. Other Distributable Resources

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	24.677.345		3,38	0,2067	20,67
B Grubu	24.677.345		3,38	0,2067	20,67
C Grubu	86.545.310		11,86	0,2067	20,67
TOTAL	135.900.000		18,63

Dividend Rate Table Explanations

At the Board of Directors Meeting of our company dated 13.03.2023 and numbered 9; below decisions have been made by all participants:

According to our consolidated financial statements prepared in accordance with the provisions of the Communiqué Serial: XI No: 29 of the Capital Markets Board, parent share of the net profit for the period of 01.01.2022 - 31.12.2022 realized as TRY 751.243.531, whereas the amount recorded as TRY 438.994.864 in our Provisional Tax Return Financial Statements (VUK) for the same period.

After deducting the provisions of the Turkish Commercial Code, the Capital Markets legislation, the provisions of our company's articles of association and all profit distribution obligations, it was decided to distribute TRY151.000.000 as cash dividends, which is 20.70% of the net distributable profit of TRY 729.620.345.

Since the total amount of the first dividend of TRY151,000,000 to be distributed to the shareholders remains above 5% of the company's paid in capital, a Second Legal Reserve of TRY11,812,150 is set aside in accordance with the provisions of the Turkish Commercial Code and the remaining TRY 566,481,638 profit allocated as Extraordinary Reserves.

The first dividend amount of TRY 151.000.000 which allocated to be distributed to our shareholders in cash to be paid in exchange for the 2022 dividend coupons of our company partners' shares. On this basis, a cash dividend of gross TRY 0,2296 (Net 0,2067) is to be paid for one nominal stock worth TRY 1.00 and the payment will take place until 31 May 2023 at the latest.

Dividend distribution offer has been approved by the general assembly .