ENKA İNŞAAT VE SANAYİ A.Ş.

Notice of Dividend Amount • Mar 28, 2019

Summary Info	Dividend Distribution
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No

Board Decision Date	05.03.2019
Date of Related General Assembly	28.03.2019
Was The Issue of Dividend Payment Negotiated?	Discussed
Type of Cash Dividend Payment	Payment In Advance
Currency Unit	TRY
Type of Stock Dividend Payment	Will Not Be Paid
The Reason For Applying A Lower Dividend Withholding Rate Than The Current Rate In Calculating Net Amount	Lower rate was applied because of the earnings related to investment allowance exemption.

Amount and Rate of Cash Dividend Payment

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 (%)	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 (%)
ENKAI, TREENKA00011	Payment In Advance	0,15	15	0,136713	13,6713

Cash Dividend Payment Dates

Payment	Proposed Ex-Dividend Date	Final Ex-Dividend Date	Payment Date	Record Date
Payment In Advance	17.04.2019	17.04.2019	19.04.2019	18.04.2019

Amount and Rate of Cash Dividend Stock Dividend Payment

Share Group Info	Amount of Stock Dividend (TL)	Rate of Stock Dividend (%)
ENKAI, TREENKA00011	0	0

Additional Explanations

Our Board of Directors resolved, after the analysis of Consolidated Balance Sheet and Profit – Loss statements for the year 2018, prepared in accordance with the Turkish Accounting Standards, to propose to the General Assembly to prepare the dividend distribution table from the Net Distributable Profit for the period from January 01, 2018 to December 31, 2018 as;

Advance Dividend paid in 2018 to the shareholders 200.000.000 TL

First dividend to shareholders (as Cash) 750.000.000 TL

To the bonus certificate holders 34.183.572 TL

to distribute 750.000.000 TL cash dividend starting from April 17, 2019, by taking into account the legal status of the shareholders representing the 5.000.000.000 TL equity, as being 15,00% gross and 13,6713% net dividend, and

to allocate the remaining as extraordinary reserve fund after retaining the legal reserve.

This proposal has been approved by the General Assembly.

(Translation into English is just for informational purposes. In case of a discrepancy between the Turkish and the English versions, the Turkish version shall prevail.)

DIVIDEND DISTRIBUTION TABLE

ENKA İNŞAAT VE SANAYİ A.Ş. 01.01.2018/31.12.2018 Period Dividend Payment Table (TL)

1.Paid-In / Issued Capital	5.000.000.000
2. Total Legal Reserves (According to Legal Records)	939.964.134

*	Based on CMB Regulations	Based on Legal Records
3. Current Period Profit	2.235.671.000	1.523.846.208
4. Taxes Payable (-)	622.408.000	44.076.783
5. Net Current Period Profit	1.582.042.000	1.479.769.426
6. Losses in Previous Years (-)	0	0
7. Primary Legal Reserve (-)	73.988.471	73.988.471
8. NET DISTRIBUTABLE CURRENT PERIOD PROFIT	1.508.053.529	1.405.780.954
Dividend Advance Distributed (-)	200.000.000	0
Dividend Advance Less Net Distributable Current Period Profit	1.308.053.529	0
9. Donations Made during the Year ( + )	18.312.311	0
10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated	1.326.365.840	0
11. First Dividend to Shareholders	0	0
* Cash	750.000.000	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 None Shareholders	0	0
14. Dividend to Owners of Redeemed Shares	34.183.572	0
15. Second Dividend to Shareholders	0	0
16. Secondary Legal Reserves	73.418.357	0
17. Statutory Reserves	0	0
18. Special Reserves	0	0
19. EXTRAORDINARY RESERVES	450.451.600	348.179.026
20. Other Distributable Resources	0	0

Dividend 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 (%)
- - -	865.850.966,68	0	57,42	0,17317	17,31702
TOTAL	865.850.966,68	0	57,42	0,17317	17,31702

Dividend Payment Table Explanation

200.000.000 TL out of 950.000.000TL cash dividend had been distributed as Advance Dividend of 2018 by applying a witholding tax of 15%. For 750.000.000 TL gross, and 683.566.553 TL net dividend which will be distributed from the year end profit, at a rate of 15,00% gross and 13,6713% net for each 1 TL nominal valued share, a witholding tax of 8,8578% will be applied.

The secondary legal reserve of the advance dividend which was distributed within the year is included in secondary legal reserves in line 16.

(Translation into English is just for informational purposes. In case of a discrepancy between the Turkish and the English versions, the Turkish version shall prevail.)