AKFEN GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş.

Share Issue/Capital Change • May 6, 2024

Summary Info	Ministry of Trade Approval for Increase in Authorized Capital Ceiling
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No

Board Decision Date	01.04.2024
Related Authorized Capital Process	Increase Of Authorized Capital
Current Authorized Capital (TL)	6.500.000.000
New Authorized Capital (TL)	50.000.000.000
Due Date For The Authorized Capital (New)	31.12.2028
Number Of Articles Of Association Item To Be Amended	8
Capital Market Board Application Date	01.04.2024
Capital Market Board Application Result	APPROVAL
Capital Market Board Approval Date	19.04.2024
Date of Related General Assembly	17.05.2024

Additional Explanations

The application to the Capital Markets Board (CMB) dated 01.04.2024 for the amendment of the relevant article of the Articles of Association of our Company for the purpose of increasing the current registered capital ceiling amount of our Company from TL 6,500,000,000,000 to TL 50,000,000,000,000 and extending the validity period of the registered capital ceiling to be valid between 2024-2028 was approved by the letter of the CMB dated 19.04.2024 and numbered 52702.

The Ministry's letter dated 02.05.2024 and numbered 00096395832 regarding the approval of our application made to the Ministry of Trade, General Directorate of Domestic Trade regarding the said amendment text was received by our Company on 06.05.2024 (today).

The text of the amendment approved by the CMB and the Ministry of Commerce regarding Article 8 titled "Capital and Shares" of the Articles of Association of our Company is given in the Annex and the said amendment text will be submitted to the approval of the shareholders at the Ordinary General Assembly meeting to be held on 17.05.2024.

The English translation of this disclosure is attached hereto, and in case of any discrepancy in the disclosure texts, the Turkish disclosure will be taken as the basis.

Supplementary Documents

Appendix: 1	SPK Onaylı Esas Sözleşme Tadil Metinleri.pdf