GALATA WIND ENERJİ A.Ş.

Notice of Dividend Amount • Feb 21, 2023

Summary Info	2022 Profit Distribution Proposal of the Board of Directors
Update Notification Flag	No
Correction Notification Flag	No
Postponed Notification Flag	No

Decision Date	21.02.2023
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 (%)
GWIND, TREGWIN00014	Payment In Advance	0,5142191	51,42191	10	0,4627971	46,27971

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 (%)
GWIND, TREGWIN00014	0	0

Additional Explanations

In consideration of the relevant provisions of the Turkish Commercial Code ("TCC"), Capital Markets Legislation and Capital Markets Board ("CMB") Regulations, Corporate Tax Code, Income Tax Code and other applicable laws and regulations, the Company's Articles of Association, and the Company's Dividend Distribution Policy,

- According to the Consolidated Financial Statements for the accounting period from 01.01.2022 to 31.12.2022, prepared by the company and independently audited within the scope of the Capital Markets Board's (CMB) "Communiqué on Principles of Financial Reporting in Capital Markets" ("Communiqué") II.14.1 and in compliance with Turkish Accounting Standards ("TAS") and Turkish Financial Reporting Standards ("TFRS") promulgated by the Public Oversight, Accounting and Auditing Standards Authority of Turkey ("POA"), in the formats determined by POA; a "Net Period Profit" of TL 1,043,955,935.00 has been calculated by taking into account "Deferred Tax Income" and "Tax Expense for the Period" and a "Net Distributable Period Profit" of TL 1,030,459,739.92 has been calculated for the period from 01.01.2022 to 31.12.2022 after setting aside 19,243,701.08, calculated according to Article 519 Sub-article (1) of TCC, as "General Legal Reserves" and adding TL 5,747,506.00, the amount of "Donations made in 2022;

- Within the scope of Tax Legislation and according to the Statutory Accounting Records kept in compliance with the Uniform Chart of Accounts, promulgated by the Turkish Ministry of Finance (with the "General Communiqué on Accounting System Implementation"), a "Net Period Profit" of TL 384,874,021.54 has been calculated for the period from 01.01.2022 to 31.12.2022 after setting aside "Tax Expense for the Period" and a "Net Distributable Period Profit" of TL 365,630,320.46 has been calculated after setting aside TL 19,243,701.07, calculated according to Article 519 Sub-article (1) of TCC, as "General Legal Reserves".

Accordingly, members of the Board of Directors present in this meeting have unanimously resolved to present the following decisions to the General Assembly for approval:

- To take the Legal Accounting Records for the fiscal year from 01.01.2022 to 31.12.2022 as basis for profit distribution,

- To distribute a First Dividend of TL 26,739,572.88, which corresponds to 5% of the issued capital, of the "Net Distributable Period Profit" of TL 365,630,320.46 for the year 2022, as shown in the Statutory Accounting Records,

- To distribute a Second Dividend of TL 248,260,427.12, by taking the full net distributable period profit as basis for distribution after setting aside the "General Legal Reserves" in the amount of TL 30,808,249.78 pursuant to Article 519 Sub-article 2 Paragraph (c) of TCC,

- In compliance with Merkezi Kayıt Kuruluşu A.Ş.'s "fraction" rules in effect on the date profit share distribution starts, to distribute in cash a profit share of total gross TL 275,000,000.00, which corresponds to 51.42% of the "Issued Capital," and net TL 247,500,000.00, and to start paying out the dividends by May 31, 2023 at the latest,

- After setting aside the aforementioned legal and special reserves according to the consolidated financial statements, prepared in compliance with TAS and TFRS and within the framework of CMB and POA regulations, to register the non-distributable amount of TL 718,903,984.14 in the "Retained Profits and Losses" account, and after setting aside the aforementioned legal and special reserves according to the Statutory Accounting Records, to register the non-distributable amount of TL 59,822,070.68 in the "Retained Profits and Losses" account.

This statement has been translated into English for informational purposes. In the event of any discrepancy between the Turkish and English versions of this disclosure statement, the Turkish version shall prevail.

Supplementary Documents

Appendix: 1	Kar Dağıtım 2023_TR.pdf
Appendix: 2	Kar Dağıtım 2023_ENG.pdf

DIVIDEND DISTRIBUTION TABLE

GALATA WIND ENERJİ A.Ş. 01.01.2022/31.12.2022 Period Dividend Payment Table (TL)

1.Paid-In / Issued Capital	534.791.457,65
2. Total Legal Reserves (According to Legal Records)	42.350.941,53
Information on privileges in dividend distribution, if any, in the Articles of Association:	Not Applicable

*	Based on CMB Regulations	Based on Legal Records
3. Current Period Profit	935.347.673	486.721.110,68
4. Taxes Payable (-)	108.608.262	-104.847.089,14
5. Net Current Period Profit	1.043.955.935	384.874.021,54
6. Losses in Previous Years (-)
7. Primary Legal Reserve (-)	-19.243.701,08	-19.243.701,08
8. Net Distributable Current Period Profit	1.024.712.233,92	365.630.320,46
Dividend Advance Distributed (-)
Dividend Advance Less Net Distributable Current Period Profit
9. Donations Made During The Year ( + )	5.747.506
10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated	1.030.459.739,92	365.630.320,46
11. First Dividend to Shareholders	26.739.572,88	26.739.572,88
* Cash	26.739.572,88	26.739.572,88
* 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	248.260.427,12	248.260.427,12
16. Secondary Legal Reserves	30.808.249,78	30.808.249,78
17. Statutory Reserves
18. Special Reserves
19. Extraordinary Reserves	718.903.984,14	59.822.070,68
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 (%)
- - -	247.500.000		24,02	0,4627972	46,28
TOTAL	247.500.000		24,02	0,4627972	46,28