AKFEN GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş.

M&A Activity • Aug 1, 2025

Summary Info	Approval by the Capital Markets Board regarding the simplified merger of Fıratcan İnşaat Turizm ve Ticaret A.Ş., a wholly owned subsidiary of our company.
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No

Board Decision Date	28.03.2025
Merger Model	Merger Through Acquisition
Date Of Financial Statements Base To Merger	31.12.2024
Currency Unit	TRY

Acquired Company	Trading On The Stock Exchange/Not Trading On The Stock Exchange	Share Exchange Rate	Group of Share To Be Distributed To Acquired Company Shareholders	Form of Share To Be Distributed To Acquired Company Shareholders
Fıratcan İnşaat Turizm ve Ticaret A.Ş.	Not Trading On The Stock Exchange

Share Group Info	Paid In Capital	Amount Of Capital To Be Increased Due To The Acquisition (TL)	Capital To Be Decreased (TL)	Target Capital	New Shares To Be Given Due To Merger
A Grubu, İşlem Görmüyor, TREAKFG00020	11.315,949			11.315,949
B Grubu, AKFGY, TREAKFG00012	3.899.966.052,156			3.899.966.052,156
C Grubu, İşlem Görmüyor, TREAKFG00038	11.315,949			11.315,949
D Grubu, İşlem Görmüyor, TREAKFG00046	11.315,949			11.315,949

	Paid In Capital	Amount Of Capital To Be Increased Due To The Acquisition (TL)	Capital To Be Decreased (TL)	Target Capital
TOTAL	3.900.000.000,003 TL	0 TL	0 TL	3.900.000.000,003 TL

Capital Market Board Application Date Regarding Merger	28.03.2025
Capital Market Board Application Result Regarding Merger	APPROVAL
Capital Market Board Approval Date Regarding Merger	31.07.2025
Capital Market Board Application Date	28.03.2025
Capital Market Board Application Result	APPROVAL
Capital Market Board Approval Date	31.07.2025

Additional Explanations

Our company, in accordance with the relevant provisions of Turkish Commercial Code No. 6102, Articles 19 and 20 of Corporate Tax Law No. 5520, Capital Markets Law No. 6362, and the provisions of the Capital Markets Board's (SPK) II-23.2 numbered "Merger and Division Circular," to acquire Fıratcan Construction Tourism and Trade Inc., in which it holds 100% of the capital and voting rights, through a merger under simplified procedures, has been approved by the CMB Decision-Making Body in its decision dated July 31, 2025, and this approval has been communicated to our company in the SPK's letter dated August 1, 2025. has been positively received by the CMB Decision-Making Body's decision dated July 31, 2025, as notified to our Company by the CMB's letter dated August 1, 2025.

This is respectfully announced to the public and our investors.

Documents Regarding Merger

Appendix: 1	Ek-1 BirlesmeSözleşmesi_AKFGY-Fıratcan.pdf - Merger Contract
Appendix: 2	Ek-2 Duyuru Metni_Birleşme_AKFGY-Fıratcan_SPK Onaylı.pdf - Announcement Text
Appendix: 3	Ek-3 YK Kararları_Birleşme_AkfenGYO_Fıratcan.pdf - Other
Appendix: 4	Ek-4 AKFGY_FinTab_konsolide_31122024.pdf - Other
Appendix: 5	Ek-5 FIRATCAN İNŞ.TU.TİC.A.Ş. -31.12.2024 Finansal Tablo.pdf - Other
Appendix: 6	Ek-6 Terminal Kadıkoy Degerleme Raporu.pdf - Appraisal Reports