ÜLKER BİSKÜVİ SANAYİ A.Ş.

Notice of Dividend Amount • Jul 21, 2020

Summary Info	General Assembly Decision on Dividend Distribution of 2019
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No

Decision Date	19.06.2020
Date of Related General Assembly	21.07.2020
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 (%)
ULKER, TREULKR00015		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 (%)
ULKER, TREULKR00015	0	0

Additional Explanations

In the General Assembly Meeting dated 21.07.2020, It has been resolved not to distribute dividends for 2019.

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.

DIVIDEND DISTRIBUTION TABLE

ÜLKER BİSKÜVİ SANAYİ A.Ş. 01.01.2019/31.12.2019 Period Dividend Payment Table (TL)

1.Paid-In / Issued Capital	342.000.000
2. Total Legal Reserves (According to Legal Records)	147.920.091
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	1.121.437.465	1.476.468.833
4. Taxes Payable (-)	-216.135.828	-95.020.940
5. Net Current Period Profit	905.301.637	1.381.447.893
6. Losses in Previous Years (-)	0	0
7. Primary Legal Reserve (-)	0	0
8. Net Distributable Current Period Profit	905.301.637	1.381.447.893
Dividend Advance Distributed (-)	0	0
Dividend Advance Less Net Distributable Current Period Profit	905.301.637	0
9. Donations Made During The Year ( + )	9.876.795	0
10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated	915.178.432	0
11. First Dividend to Shareholders
* Cash	0	0
* Stock	0	0
12. Dividend Distributed to Owners of Privileged Shares	0	0
13. Other Dividend Distributed
* 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
17. Statutory Reserves	0	0
18. Special Reserves	53.890.937	0
19. Extraordinary Reserves	851.410.700	1.327.556.956
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 (%)
- - -	0	0	0	0	0
TOTAL	0	0	0	0	0

Dividend Rate Table Explanations

Within the scope of the uncertain situation created by Covid-19 pandemic and its impact on the economy, the legal regulations that point to the importance of the protection of equity capital companies are also taken into consideration and it is evaluated that it is valuable to keep all kinds of liquid assets owned by our company. As a precautionary principle, it was decided to remove the Board of Directors decision dated 05.03.2020 and numbered 2020 / 7 regarding the distribution of dividends from fiscal year 2019 and not to distribute dividends from fiscal year 2019. It has also been unanimously resolved to submit the following decisions to the approval of the shareholder in 2019 Fiscal Year General Assembly Meeting; i) to transfer the amount of 53.890.937 TL is calculated with special reserves /private funds account in accordance with Article 5/1-e of the Corporate Tax Law,ii) to transfer the amount of 851.410.700 TL to extraordinary reserves/previous year profits iii) to transfer the amount of 817.878.612 TL which was accounted under equity under the name of other gains to extraordinary reserves/previous year profits iv) to transfer the amount of 97.154,77 TL which was formed according to the Tax Procedural Law to previous year profits.