AKFEN GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş.

Share Issue/Capital Change • Dec 8, 2023

Summary Info	CMB Approval for Paid-in Capital Increase
Update Notification Flag	No
Correction Notification Flag	Yes
Postponed Notification Flag	No
Reason of Correction	It is not a correction notification, but a notification of CMB's approval of capital increase through rights issue.

Board Decision Date	22.08.2023
Authorized Capital (TL)	6.500.000.000
Paid-in Capital (TL)	1.300.000.000,001
Target Capital (TL)	3.900.000.000,003

Rights Issue (Via Preemptive Right)

Share Group Info	Paid-in Capital (TL)	Preemptive Rights Amount (TL)	Preemptive Rights Rate (%)	Preemptive Rights Price	Share Group Issued	New Shares'' ISIN	Form	Preemptive Rights ISIN Code	Unused Rights Amount (TL)	Amount of Shares Cancelled (TL)
A Grubu, İşlem Görmüyor, TREAKFG00020	3.771,983	7.543,966	200,00000	1,00	A Grubu	A Grubu, İşlem Görmüyor, TREAKFG00020	Registered
B Grubu, AKFGY, TREAKFG00012	1.299.988.684,052	2.599.977.368,104	200,00000	1,00	B Grubu	B Grubu, AKFGY, TREAKFG00012	Bearer
C Grubu, İşlem Görmüyor, TREAKFG00038	3.771,983	7.543,966	200,00000	1,00	C Grubu	C Grubu, İşlem Görmüyor, TREAKFG00038	Registered
D Grubu, İşlem Görmüyor, TREAKFG00046	3.771,983	7.543,966	200,00000	1,00	D Grubu	D Grubu, İşlem Görmüyor, TREAKFG00046	Registered

	Paid-in Capital (TL)	Preemptive Rights Amount (TL)	Preemptive Rights Rate (%)	Unused Rights Amount (TL)	Amount of Shares Cancelled (TL)
TOTAL	1.300.000.000,001	2.600.000.000,002	200,00000

Explanation About The Shares Not Sold	In case of unsold shares, such shares will be purchased by Akfen Holding A.Ş. and/or Akfen International Holding BV.
Currency Unit	TRY

Other Aspects To Be Notified

Number of Articles of Association Item To Be Amended	8
Capital Market Board Application Date	23.08.2023
Capital Market Board Application Result	Approval
Capital Market Board Approval Date	08.12.2023
Property of Increased Capital Shares	Dematerialized Share

Additional Explanations

Our capital increase application regarding the increase of our company's issued capital from TL 1,300,000,000 to TL 3,900,000,000 within the registered capital ceiling of TL 6,500,000,000, with an increase of TL 2,600,000,000 to TL 3,900,000,000, all in cash and 200%, was approved by the Capital Markets Board at its meeting dated 07.12.2023 and numbered 76/1684.