MİGROS TİCARET A.Ş.

Notice of Dividend Amount • Apr 11, 2023

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

Decision Date	20.03.2023
Date of Related General Assembly	11.04.2023
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 (%)
MGROS, TREMGTI00012	Payment In Advance	2,6069536	260,69536	10	2,3462582	234,62582

Dividend Dates

Payment	Proposed Ex-Dividend Date	Final Ex-Dividend Date	Payment Date	Record Date
Payment In Advance	30.05.2023	30.05.2023	01.06.2023	31.05.2023

(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 2022 was discussed at the General Assembly meeting. Accordingly it was decided;

• to distribute gross dividends of TL 472,000,000.00 to be fully paid in cash, after allocating TL 47,200,000.00 of secondary legal reserves, from "other distributable resources" in the consolidated financial statements prepared in accordance with the capital markets legislation and in the legal records prepared in accordance with the Tax Procedure Law.
• to pay dividend TL 2.6069536 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 2.6069536 and net dividend of TL 2.3462582 (by deducting 10% withholding tax) cash for shares at the nominal value of TL 1 for our other shareholders,
• to start dividend distribution on 30 May 2023 upon completion of the legal process following the General Assembly Meeting and to authorize the Board of Directors to engage in necessary transactions.

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 Dağıtım Tablosu 2022.pdf
Appendix: 2	Migros Dividend Distribution Table 2022.pdf

DIVIDEND DISTRIBUTION TABLE

MİGROS TİCARET A.Ş. 01.01.2022/31.12.2022 Period Dividend Payment Table (TL)

1.Paid-In / Issued Capital	181.054.233
2. Total Legal Reserves (According to Legal Records)	462.137.812,74
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	1.908.246.187,99	1.008.898.835,61
4. Taxes Payable (-)	671.582.989,27	-284.848.724,09
5. Net Current Period Profit	2.579.829.177,26	724.050.111,52
6. Losses in Previous Years (-)	-767.287.251,9	-819.938.989,6
7. Primary Legal Reserve (-)	0	0
8. Net Distributable Current Period Profit	1.812.541.925,36	-95.888.878,08
Dividend Advance Distributed (-)	0	0
Dividend Advance Less Net Distributable Current Period Profit	0	0
9. Donations Made During The Year ( + )	1.410.405,62
10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated	1.813.952.330,98
11. First Dividend to Shareholders
* Cash	0
* Stock	0
12. Dividend Distributed to Owners of Privileged Shares	0
13. Other Dividend Distributed	0
* To the Employees	0
* To the Members of the Board of Directors	0
* To Non-Shareholders	0
14. Dividend to Owners of Redeemed Shares	0
15. Second Dividend to Shareholders	0
16. Secondary Legal Reserves	0	0
17. Statutory Reserves	0	0
18. Special Reserves	0	0
19. Extraordinary Reserves	0	0
20. Other Distributable Resources	472.000.000	472.000.000

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	424.800.000			2,3462582	234,62582

Dividend Rate Table Explanations

The Company; i) will pay gross dividend of TL 2.6069536 (net TL 2.3462582) for shares at the nominal value of TL 1 for the fiscal year 2022, corresponding to 260. 69536 % gross dividend distribution based upon the Company's paid-in capital of 181,054,233 TL, ii) will distribute dividend of TL 472,000,000.00 to be fully paid in cash, starting from 30 May 2023, iii) will pay the aforementioned dividend from the Company's reserves, and iv) will allocate TL 47,200,000.00 of secondary legal reserves amounting to 10% of total dividend to be distributed.