AKFEN GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş.

Notice of Dividend Amount • May 12, 2023

Summary Info	General Assembly Resolution for Profit Distribution
Update Notification Flag	No
Correction Notification Flag	No
Postponed Notification Flag	No

Decision Date	14.04.2023
Date of Related General Assembly	11.05.2023
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 (%)
A Grubu, İşlem Görmüyor, TREAKFG00020		0,0000000	0	0	0,0000000	0
B Grubu, AKFGY, TREAKFG00012		0,0000000	0	0	0,0000000	0
C Grubu, İşlem Görmüyor, TREAKFG00038		0,0000000	0	0	0,0000000	0
D Grubu, İşlem Görmüyor, TREAKFG00046		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 (%)
A Grubu, İşlem Görmüyor, TREAKFG00020	0	0
B Grubu, AKFGY, TREAKFG00012	0	0
C Grubu, İşlem Görmüyor, TREAKFG00038	0	0
D Grubu, İşlem Görmüyor, TREAKFG00046	0	0

Additional Explanations

In line with the decision of the Board of Directors dated 14.04.2023 and numbered 2023/10, since there was no distributable profit according to the Tax Procedure Law, although there was a profit of TL 3,082,287,680 (consolidated) according to IFRS in 2022, the proposal of the Board of Directors not to distribute dividends was approved by majority vote at the General Assembly.

Supplementary Documents

Appendix: 1	EK-1 _14.04.2023 Kar Dagitim Tablosu.pdf

DIVIDEND DISTRIBUTION TABLE

AKFEN GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş. 01.01.2022/31.12.2022 Period Dividend Payment Table (TL)

1.Paid-In / Issued Capital	1.300.000.000
2. Total Legal Reserves (According to Legal Records)	6.177,71
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	3.452.610.389	280.490.790,73
4. Taxes Payable (-)	-370.322.709	0
5. Net Current Period Profit	3.082.287.680	280.490.790,73
6. Losses in Previous Years (-)	0	-650.510.849,82
7. Primary Legal Reserve (-)	0	0
8. Net Distributable Current Period Profit	3.082.287.680	0
Dividend Advance Distributed (-)	0	0
Dividend Advance Less Net Distributable Current Period Profit	3.082.287.680	0
9. Donations Made During The Year ( + )	0	0
10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated	3.082.287.680	0
11. First Dividend to Shareholders	0	0
* Cash	0	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 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	0
17. Statutory Reserves	0	0
18. Special Reserves	0	0
19. Extraordinary Reserves	3.082.287.680	0
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 (%)
A Grubu	0	0	0	0	0
B Grubu	0	0	0	0	0
C Grubu	0	0	0	0	0
D Grubu	0	0	0	0	0
TOTAL	0	0	0	0	0

Dividend Rate Table Explanations

In line with the decision of the Board of Directors dated 14.04.2023 and numbered 2023/10, since there was no distributable profit according to the Tax Procedure Law, although there was a profit of TL 3,082,287,680 (consolidated) according to IFRS in 2022, the proposal of the Board of Directors not to distribute dividends was approved by majority vote at the General Assembly.