GARANTİ FAKTORİNG A.Ş.

Notice of Dividend Amount • Mar 29, 2023

Summary Info	Discussion of the profit distribution for the year 2022 at the Ordinary General Assembly Meeting
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No

Decision Date	01.03.2023
Date of Related General Assembly	29.03.2023
Was The Issue of Dividend Payment Negotiated?	Discussed
Type of Cash Dividend Payment	Cash Dividend Will Not Be Paid
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, TREGRFA00017		0,0000000	0	0	0,0000000	0
B Grubu, GARFA, TRAAKFIN91P6		0,0000000	0	0	0,0000000	0

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, TREGRFA00017	0	0
B Grubu, GARFA, TRAAKFIN91P6	0	0

Additional Explanations

Being decided at the Ordinary General Assembly Meeting of our company for the year 2022,

In accordance with our company's financial statements for the period between 1 January 2022- 31 December 2022 prepared in accordance with the mandatory formats determined by the Turkish Accounting Standards/Turkish Financial Reporting Standards (TMS/TFRS) and the CMB within the scope of the "Communiqué on the Principles of Financial Reporting in the Capital Markets" and audited by Güney Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik Anonim Şirketi and the decision of the Banking Regulation and Supervision Agency about profit distribution dated 21.02.2023,

Regarding the profit earned in 2022;

Considering the ongoing economic instability and stagnation expectations around the world, it would be necessary to maintain a prudent policy towards keeping the equity structures of companies strong, accordingly, it is recommended not to make any cash dividend distribution from either profit earned in 2022 or retained earnings and reserves earned before 2022 not being subject to distribution previously, and by taking into account the fact that any possible profit distribution requests may be evaluated by taking into account the precautionary principle together with the specific circumstances of the companies, especially the standard rate;

In accordance with the principle of "determination and distribution of the profit" in our company's articles of association, it has been approved in the Ordinary General Assembly held on 29.03.2023 to transfer the company's net profit (remained as TL 350.742.453,56 after deducting the tax provision from the gross profit of year 2022 amounting to TL 464.500.501,56 by taking into account the net tax impact of TL 113.758.048) into the legal and extraordinary reserve accounts and keep it within the equity of the company . Best regards.

Supplementary Documents

Appendix: 1	2022_yılı_Kar_DagıtımTablosu.pdf

DIVIDEND DISTRIBUTION TABLE

GARANTİ FAKTORİNG A.Ş. 01.01.2022/31.12.2022 Period Dividend Payment Table (TL)

1.Paid-In / Issued Capital	79.500.000
2. Total Legal Reserves (According to Legal Records)	15.900.000

*	Based on CMB Regulations	Based on Legal Records
3. Current Period Profit	464.500.501,56	464.500.501,56
4. Taxes Payable (-)	113.758.048	151.805.107,01
5. Net Current Period Profit	350.742.453,56	312.695.394,55
6. Losses in Previous Years (-)	0	0
7. Primary Legal Reserve (-)	0	0
8. Net Distributable Current Period Profit	350.742.453,56	0
Dividend Advance Distributed (-)	0	0
Dividend Advance Less Net Distributable Current Period Profit	0	0
9. Donations Made During The Year ( + )	0	0
10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated	0	0
11. First Dividend to Shareholders	0	0
* Cash	0	0
* Stock	0	0
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	0	0
16. Secondary Legal Reserves	0	0
17. Statutory Reserves	0	0
18. Special Reserves	0	0
19. Extraordinary Reserves	350.742.453,56	0
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 (%)
A Grubu	0	0	0	0	0
B Grubu	0	0	0	0	0
TOTAL	0	0	0	0	0

Dividend Rate Table Explanations

Being decided at the Ordinary General Assembly Meeting of our company for the year 2022,

In accordance with our company's financial statements for the period between 1 January 2022- 31 December 2022 prepared in accordance with the mandatory formats determined by the Turkish Accounting Standards/Turkish Financial Reporting Standards (TMS/TFRS) and the CMB within the scope of the "Communiqué on the Principles of Financial Reporting in the Capital Markets" and audited by Güney Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik Anonim Şirketi and the decision of the Banking Regulation and Supervision Agency about profit distribution dated 21.02.2023,

Regarding the profit earned in 2022; Considering the ongoing economic instability and stagnation expectations around the world, it would be necessary to maintain a prudent policy towards keeping the equity structures of companies strong, accordingly, it is recommended not to make any cash dividend distribution from either profit earned in 2022 or retained earnings and reserves earned before 2022 not being subject to distribution previously, and by taking into account the fact that any possible profit distribution requests may be evaluated by taking into account the precautionary principle together with the specific circumstances of the companies, especially the standard rate;

In accordance with the principle of "determination and distribution of the profit" in our company's articles of association, it has been decided to propose to the General Assembly to transfer the company's net profit (remained as TL 350.742.453,56 after deducting the tax provision from the gross profit of year 2022 amounting to TL 464.500.501,56 by taking into account the net tax impact of TL 113.758.048) into the legal and extraordinary reserve accounts and keep it within the equity of the company . Regards