AKFEN GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş.

Share Issue/Capital Change • Jan 4, 2024

Summary Info	Completion of the Capital Increase
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No

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	A Grubu, AKFG1(İMTİYAZLI RÜÇHAN), TRRAKFG00055
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	B Grubu, AKFGY(RÜÇHAN), TRRAKFG00089	9.296.716,21
C Grubu, İşlem Görmüyor, TREAKFG00038	3.771,983	7.543,966	200,00000	1,00	C Grubu	C Grubu, İşlem Görmüyor, TREAKFG00038	Registered	C Grubu, AKFG2(İMTİYAZLI RÜÇHAN), TRRAKFG00063
D Grubu, İşlem Görmüyor, TREAKFG00046	3.771,983	7.543,966	200,00000	1,00	D Grubu	D Grubu, İşlem Görmüyor, TREAKFG00046	Registered	D Grubu, AKFG6(İMTİYAZLI RÜÇHAN), TRRAKFG00071

	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	9.296.716,210

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.
Rights Issue Ex-Date	14.12.2023
Preemptive Rights Exercise End Date	28.12.2023
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
Payment Date	18.12.2023
Record Date	15.12.2023

Additional Explanations

The pre-emptive rights for the shares with a nominal value of TL 2,600,000,000 issued in relation to the increase of our Company's issued capital of TL 1,300,000,000 within the registered capital ceiling of TL 6,500,000,000 to TL 3,900,000,000 by increasing it by TL 2,600,000,000 (200%), all in cash, by using the pre-emptive rights of the existing shareholders, were used for 15 days between 14.12.2023 - 28.12. 2023 for 15 days between 14.12.2023 and 28.12.2023, and as a result of the sale of the shares with a nominal value of TL 9,296,716.21 remaining after the use of the pre-emptive rights in the Primary Market of Borsa Istanbul A.Ş. for 2 business days between 2- 3 January 2024, the sale of the shares within the scope of public offering transactions in the Primary Market was completed as of 3 January 2024.

For the increased capital of TL 2.600.000.000, within the period of exercising new share purchase rights (14.12.2023 - 28.12.2023) by the persons who purchased these shares in return for the shares representing the increased capital of TL 2.600.000.000 393.329.240 TL in cash and 2.197.373.973,973,89 TL in cash, and 18.167.706,71 TL from the sale of the remaining shares at the prices formed in Borsa Istanbul A.Ş. Primary Market on 2.01.2024 A total of TL 2,608,870,920.60 funds were provided, of which TL 393,329,240 was provided as offset and TL 2,215,541,680.60 as cash inflow.

In the resolution of the Board of Directors dated 04.01.2024, since the issuance of the shares with a nominal value of TL 2,600,000,000 increased in cash has been completed within the framework of the conditions specified in the prospectus and their prices have been paid in cash and in full, the new issued capital of our Company has increased to TL 3,900,000,000, and an application shall be made to the Capital Markets Board in order to obtain the approval of the new form of Article 8 titled "Capital and Shares" of the Articles of Association of our Company in the Annex, and following the receipt of the approved new form of the capital article from the Capital Markets Board, it shall be registered and announced in the trade registry. It has been unanimously resolved to make an application to the Capital Markets Board in order to obtain a favourable opinion regarding the new form of Article 8 titled "Capital and Shares" of the Articles of Association of our Company, to register and announce it in the trade registry following the receipt of the approved new form of the capital article from the Capital Markets Board, and to carry out all necessary works and transactions within the scope of this resolution.

This statement was translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.

Supplementary Documents

Appendix: 1	AKFGY Tadil Metni.pdf
Appendix: 2	AKFGY Amended Text.pdf