AKFEN GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş.

Share Issue/Capital Change • Apr 19, 2024

Summary Info	CMB 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

Additional Explanations

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

The text of the amendment approved by the CMB 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 for the year 2023, following the permission of the Ministry of Trade.

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

Supplementary Documents

Appendix: 1	SPK Onaylı Esas Sözleşme Tadil Metinleri.pdf