AKFEN GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş.

M&A Activity • Apr 2, 2025

Summary Info	Registration of the Merger of Akfen Karaköy Gayrimenkul Yatırımları ve İnşaat A.Ş., a 100% subsidiary of our Company, with Akfen Karaköy Gayrimenkul Yatırımları ve İnşaat A.Ş. in Simplified Procedure.
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No

Board Decision Date	06.12.2024
Merger Model	Merger Through Acquisition
Date Of Financial Statements Base To Merger	30.09.2024
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
Akfen Karaköy Gayrimenkul Yatırımları ve İnşaat 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	0	0	11.315,949
B Grubu, AKFGY, TREAKFG00012	3.899.966.052,156	0	0	3.899.966.052,156
C Grubu, İşlem Görmüyor, TREAKFG00038	11.315,949	0	0	11.315,949
D Grubu, İşlem Görmüyor, TREAKFG00046	11.315,949	0	0	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	06.12.2024
Capital Market Board Application Result Regarding Merger	APPROVAL
Capital Market Board Approval Date Regarding Merger	20.03.2025
Registry Date of Merger Via Facilitated Procedure	28.03.2025
Capital Market Board Application Date	06.12.2024
Capital Market Board Application Result	APPROVAL
Capital Market Board Approval Date	20.03.2025
Date Of Registry	28.03.2025

Additional Explanations

Within the framework of the relevant provisions of the Turkish Commercial Code No. 6102, Articles 19 and 20 of the Corporate Tax Law No. 5520, the Capital Markets Law No. 6362 and the provisions of the "Merger and Demerger Communiqué" numbered II-23.2 of the Capital Markets Board, the merger transaction of our Company by taking over Akfen Karaköy Gayrimenkul Yatırımları ve İnşaat A.Ş., in which 100% of its capital and voting rights are owned by Akfen Karaköy Gayrimenkul Yatırımları ve İnşaat A.Ş., in accordance with the facilitated merger provisions, has been registered by the Istanbul Trade Registry Directorate on March 28, 2025 (today).

It is respectfully announced to the public and our investors.

The English translation of this disclosure is attached herewith and in case of any discrepancy in the texts of the disclosure, the Turkish disclosure shall prevail.

Documents Regarding Merger

Appendix: 1	Ek-1 BirlesmeSözlesmesi_AkfenGYO_AkfenKarakoy_06122024.pdf - Merger Contract
Appendix: 2	Ek-3 YK Kararları_Birlesme_Akfen GYO_Akfen Karakoy_06122024.pdf - Other
Appendix: 3	Ek-4 AKFEN GYO 30 09 2024 SPK Konsolide Finansal Tabloları.pdf - Other
Appendix: 4	Ek-5 AKFEN KARAKÖY 30 09 2024 SPK Finansal Tabloları.pdf - Other
Appendix: 5	Ek-2 Duyuru Metni_AKFG-Akfen Karaköy.pdf - Announcement Text