AKFEN YENİLENEBİLİR ENERJİ A.Ş.

Share Issue/Capital Change • Nov 1, 2024

Summary Info	Board Decision regarding Allocated Capital Increase
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No

Board Decision Date	09.10.2024
Authorized Capital (TL)	20.000.000.000
Paid-in Capital (TL)	1.016.031.947
Target Capital (TL)	1.016.031.947

Rights Issue (Allocated)

Share Group Info	Paid-in Capital (TL)	Amount of Private Placement Through Capital Increase By Restraining Preemptive Rights (TL)	Proportion of Private Placement Through Capital Increase By Restraining Preemptive Rights To The Capital (%)	New Shares'' ISIN	Form	Amount of Shares Cancelled (TL)
A Grubu, İşlem Görmüyor, TREAKFY00023	203.206.390
B Grubu, AKFYE, TREAKFY00015	812.825.557

	Paid-in Capital (TL)	Amount of Private Placement Through Capital Increase By Restraining Preemptive Rights (TL)	Proportion of Private Placement Through Capital Increase By Restraining Preemptive Rights To The Capital (%)	Amount of Shares Cancelled (TL)
TOTAL	1.016.031.947

Total Sales Revenue Planned (TL) (*)	3.150.000.000

* The nominal capital increase amount to be raised is calculated according to the sale price of the share with a nominal value of 1 TL, which determined in line with Borsa Istanbul A.S.'s Procedure for Wholesale Purchase and Sale Transactions.

Other Aspects To Be Notified

Capital Market Board Application Date	25.09.2024
Property of Increased Capital Shares	Dematerialized Share

Additional Explanations

By the decision of the Board of Directors of Akfen International Holding B.V. (Akfen International) dated 01.11.2024, it was decided that Akfen International would participate in our Compan's capital increase to be carried out with a nominal amount of 3,150,000,000 TL as the sales price, which will be determined based on the minimum base price and nominal value stipulated in article 7.1 of Borsa Istanbul's Wholesale Trading (TSP) Procedure, within the framework of the TSP Procedure and relevant regulations. It was further decided that the total amount of 3,150,000,000 TL would be offset against the outstanding cash receivables owed by our Company to Akfen International. This decision was notified to our Company by Akfen International on 01.11.2024.

In this context, at our Board of Directors meeting dated 01.11.2024, it was decided to allocate the entire increased capital, with a nominal amount corresponding to a sales price of 3,150,000,000 TL, to be used for the funding of our 188 MW solar and wind power plant investments that have already started and will partially be completed this year to Akfen International, based on the share sale price to be determined within the framework of the TSP Procedure and relevant regulations, provided that it is not below the base price and nominal value stipulated in article 7.1 of the TSP Procedure. It was further decided that this amount would be offset against Akfen International's outstanding cash receivables owed by our Company and that the necessary transactions would be carried out within the framework of our Board of Directors' decision on the allocated capital increase dated 09.10.2024 and numbered 2024/12.

Respectfully announced to the public and investors.

This statement has been translated into English for informational purposes. In the event of any discrepancy between the Turkish and English versions of this disclosure statement, the Turkish version shall prevail.