AKFEN GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş.

M&A Activity • Aug 1, 2023

Summary Info	An application has been made to the CMB for the merger of Fıratcan İnşaat Turizm ve Tic A.Ş., a 100% subsidiary of our Company , with our Company in the Simplified Procedure.
Update Notification Flag	No
Correction Notification Flag	No
Postponed Notification Flag	No

Board Decision Date	31.07.2023
Merger Model	Merger Through Acquisition
Date Of Financial Statements Base To Merger	30.06.2023
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 Tic 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	3.771,983	0	0	3.771,983
B Grubu, AKFGY, TREAKFG00012	1.299.988.684,052	0	0	1.299.988.684,052
C Grubu, İşlem Görmüyor, TREAKFG00038	3.771,983	0	0	3.771,983
D Grubu, İşlem Görmüyor, TREAKFG00046	3.771,983	0	0	3.771,983

	Paid In Capital	Amount Of Capital To Be Increased Due To The Acquisition (TL)	Capital To Be Decreased (TL)	Target Capital
TOTAL	1.300.000.000,001 TL	0 TL	0 TL	1.300.000.000,001 TL

Capital Market Board Application Date Regarding Merger	01.08.2023
Capital Market Board Application Date	01.08.2023

Additional Explanations

At our Company's Board of Directors meeting dated 31.07.2023; in accordance with the Capital Markets Law No. 6362, the Capital Markets Board's ("CMB") Communiqué No. II-23.3 on Common Principles Regarding Significant Transactions and the Right of Separation, Communiqué No. II-23. 2 numbered Communiqué on Merger and Demerger and other relevant regulations of CMB, Turkish Commercial Code numbered 6102, Corporate Tax Law numbered 5520 and other relevant legislation provisions; it has been decided to merge Fıratcan İnşaat Turizm ve Tic A.Ş., in which we are the sole shareholder, into our Company Akfen Gayrimenkul Yatırım Ortaklığı A.Ş. by taking over all its assets and liabilities as a whole. In accordance with the provisions of the relevant legislation, the Merger Agreement and Announcement Text have been prepared and an application has been made to the CMB on 01.08.2023 for the approval of the Announcement Text.

Documents Regarding Merger

Appendix: 1	Birlesme Sozlesmesi.pdf - Merger Contract
Appendix: 2	AkfenGYO_Fıratcan_Birlesme_Duyuru Metni.pdf - Announcement Text