YÜKSELEN ÇELİK A.Ş.

Share Issue/Capital Change • Jul 21, 2020

Summary Info	Board of Directors Resolution on Bonus Issue
Update Notification Flag	No
Correction Notification Flag	No
Postponed Notification Flag	No

Board Decision Date	21.07.2020
Authorized Capital (TL)	152.500.000
Paid-in Capital (TL)	43.310.000
Target Capital (TL)	129.930.000

Bonus Issue

Share Group Info	Paid-in Capital (TL)	Amount of Bonus Issue From Internal Resources (TL)	Rate of Bonus Issue From Internal Resources (%)	Amount of Bonus Issue From Dividend (TL)	Rate of Bonus Issue From Dividend (%)	Share Group Issued	New Shares'' ISIN	Nevi
A Grubu, İşlem Görmüyor, TREYUKC00010	16.775.000	33.550.000,000	200,00000			A Grubu	A Grubu, İşlem Görmüyor, TREYUKC00010	Registered
B Grubu, YKSLN, TREYUKC00028	26.535.000	53.070.000,000	200,00000			B Grubu	B Grubu, YKSLN, TREYUKC00028	Bearer

	Paid-in Capital (TL)	Amount of Bonus Issue From Internal Resources (TL)	Rate of Bonus Issue From Internal Resources (%)	Amount of Bonus Issue From Dividend (TL)	Rate of Bonus Issue From Dividend (%)
TOTAL	43.310.000	86.620.000,000	200,00000

Details of Internal Resources :

Premium on Issued Shares (TL)	48.840.426,86
Previous Years'' Profits (TL)	24.956.677,29
Special Funds (TL)	12.822.895,85

Additional Explanations

Our Company's Board of Directors resolved to triple its paid-in capital by making a 200% bonus issue through the resolution taken on 21.07.2020.

Within the Company's Registered Capital Ceiling of TRY 152,500,000, the Board of Directors decided today (21.07.2020):

to increase our Company's paid-in capital from TRY 43,310,000 to TRY 129,930,000 by adding TRY 86,620,000 from which TRY 48,840,426.86 consists of Premiums on Stock Issue; TRY 12,822,895.85 consists of Special Funds and TRY 24,956,677.29 consists of Retained Earnings,

to distribute the increased capital amounting TRY 86,620,000 to all shareholders in proportion to their shares, as deemed appropriate by the Capital Markets Board ("CMB"),

to apply to the CMB on 21.07.2020 in order to receive the required permissions for the capital increase,

to apply to the CMB for the purpose of receiving the necessary permissions pertaining to the amendment of the Article 6 of the Articles of Association titled "Type and Transfer of Capital and Shares" as attached.

Within this context, an application was made to the Capital Markets Board on 21.07.2020.

Disclaimer Notice: 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	Esas Sözleşme Tadil Tasarısı.pdf