AKİŞ GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş.

Notice of Dividend Amount • Mar 29, 2024

Summary Info	Board of Directors Decision Regarding 2023 Profit Distribution
Update Notification Flag	No
Correction Notification Flag	No
Postponed Notification Flag	No

Decision Date	29.03.2024
Type of Cash Dividend Payment	Payment In Advance
Currency Unit	TRY
Stock Dividend	Will Not Be Paid
The Reason For Applying A Lower Dividend Withholding Rate Than The Current Rate In Calculating Net Amount	Since our company has the status of a Real Estate Investment Trust, the income tax withholding rate is zero.
Information Regarding How To Calculate That Lower Dividend Witholding Rate Than The Current Rate	Since our company has the status of a Real Estate Investment Trust, the income tax withholding rate is zero.

Cash Dividend Payment Amount and Rates

Share Group Info	Payment	Cash Dividend To Be Paid For Share With Par Value of 1 TL - Gross (TL)	Cash Dividend To Be Paid For Share With Par Value of 1 TL - Gross (%)	Withholding Rate (%)	Cash Dividend To Be Paid For Share With Par Value of 1 TL - Net (TL)	Cash Dividend To Be Paid For Share With Par Value of 1 TL - Net (%)
A Grubu, İşlem Görmüyor, TREAIGY00025	Payment In Advance	0,0745341	7,45341	0	0,0745341	7,45341
B Grubu, AKSGY, TREAIGY00017	Payment In Advance	0,0745341	7,45341	0	0,0745341	7,45341

Dividend Dates

Payment	Proposed Ex-Dividend Date	Final Ex-Dividend Date	Payment Date	Record Date
Payment In Advance	08.05.2024		10.05.2024	09.05.2024

(1) The date that the dividend will be paid and the share will start trading without dividend right (proposed).

(2) The date that the dividend will be paid and the share will start trading without dividend right (finalized).

(3) Date of entry to the accounts of the shareholders whose shares are traded on the stock exchange.

(4) Date of determination of the right holders of the type of shares traded on the stock exchange.

Amount and Rate of Cash Dividend Stock Dividend Payment

Share Group Info	Amount of Stock Dividend (TL)	Rate of Stock Dividend (%)
A Grubu, İşlem Görmüyor, TREAIGY00025	0	0
B Grubu, AKSGY, TREAIGY00017	0	0

Additional Explanations

Board of Directors of Akiş Gayrimenkul Yatırım Ortaklığı A.Ş. (Akiş REIT) ("Company") have decided:

1. Our Company's net profit for the period in the consolidated financial statements prepared in accordance with the provisions of the Capital Markets Board Communiqué Serial: II, No: 14.1 of the Capital Markets Board is TRY 3,358,458,325.00; and the net profit for the period in the consolidated financial statements prepared in accordance with the provisions of the Tax Procedure Law ("TPL") is TRY 1,231,134,810.22.

2. In 31.12.2023 consolidated financial statements prepared in accordance with the Capital Markets Board's Serial: II, No: 14.1, there is a net profit for the year 2023 amounting to TRY 3,358,458,325.00 and retained earnings amounting to TRY 3,236,671,995.00. In accordance with the Capital Markets Board's opinions stated in the article D/2 of the Board Decision dated 07.03.2024 and numbered 14/382, which was published in the Capital Markets Board's Bulletin dated 07.03.2024 and numbered 2024/14, it has been announced that dividend distribution will be realized based on the Net Profit for the Period and Retained Earnings before the inflation adjustment to be made according to the provisions of the TPL. Pursuant to this Capital Markets Board's Decision, in the financial statements of our Company prepared in accordance with TPL before inflation adjustment, net profit for the year 2023 amount to TRY 1,231,134,810.22, accumulated losses amount to TRY 498,507,511.97, retained earnings amount to TRY 150,531,903.03 and TRY 284,661,246.77 of extraordinary reserves are set aside from retained earnings, and accordingly, in our financial statements prepared in accordance with the TPL, there is a distributable profit of TRY 1,167,820,448.05 before inflation adjustment.

3. Since the accumulated losses as of the end of 2023 in the financial statements of our Company prepared in accordance with the provisions of the TPL before the inflation adjustment should be offset against the retained earnings, the aforementioned TRY 435,193,149.80 of accumulated losses should be offset against the retained earnings and extraordinary reserves specified in the above article 2, and the remaining TRY 63,314,362.17 of accumulated losses should be offset against the net profit for the year 2023,

4. Within the framework of the article 519 of the Turkish Commercial Code and the article 33 of the Company's Articles of Association from the net profit for the Period amounting to TRY 3,358,458,325.00 in our consolidated financial statements prepared in accordance with the provisions of the Capital Markets Board Communiqué Serial: II, No: 14.1;

- As stipulated in paragraph (1) of the article 519 of the Turkish Commercial Code, it is stipulated that 5% General Legal Reserves shall be set aside from the Net Profit for the Period until 20% of the Paid-in Capital is reached, as stipulated in subparagraph (a) of the article 33 of the Company's Articles of Association. The Company's Paid-in Capital is TRY 805,000,000.00 and the General Legal Reserves before inflation adjustment in the records kept in accordance with the TPL is TRY 109,461,965.09. According to the General Legal Reserves limit of TRY 161,000,000.00, which is 20% of the Paid-in Capital, TRY 51,538,034.91 can be set aside as General Legal Reserves and the General Legal Reserves that can be set aside as 5% of the Net Profit for the Period of 2023 is TRY 167,922,916.25 and since it is higher than the General Legal Reserves limit, TRY 51,538,034.91 1st Legal Reserve is to be set aside in accordance with paragraph 1 of the article 519 of the Turkish Commercial Code and the article 33 of the Company's Articles of Association,

- To distribute the first dividend amounting to TRY 40,250,000.00, corresponding to 5% of our Company's paid-in capital of TRY 805,000,000.00 (the dividend amount corresponding to a share with a nominal value of TRY 1.00 is gross TRY 0.05, the dividend rate is gross 5.00%) to our shareholders in cash,

- To distribute the second dividend amounting to TRY 19,750,000.00 out of the remaining amount of TRY 3,270,508,164.09 (the dividend amount corresponding to a share with a nominal value of TRY 1.00 is gross TRY 0.02453416 and the dividend rate is gross 2.453416%) to our shareholders in cash,

- To set aside TRY 1,975,000.00 as General Legal Reserves based on the second dividend distributed,

- To determine the total amount of the 1st and 2nd dividends to be distributed to our shareholders as TRY 60,000,000.00 (the dividend amount corresponding to a share with a nominal value of TRY 1.00 gross TRY 0.07453416, dividend rate gross 7.453416%),

- To set aside a total of TRY 3,244,945,290.09 as General Legal Reserves,

5. To pay the dividend amounts in cash on 08.05.2024,

6. To submit this dividend distribution proposal of our Board of Directors for the approval of our General Assembly,

7. To publicly disclose our decision regarding this dividend distribution proposal and the Dividend Distribution Table for 2023 prepared within the framework of the Capital Markets Board resolutions.

Yours Respectfully,

Akiş Gayrimenkul Yatırım Ortaklığı A.Ş.

The Material Event Disclosure has been prepared in Turkish and English and in case of any contradiction between the two texts, the Turkish disclosure shall prevail.

Supplementary Documents

Appendix: 1	Akiş GYO 2023 Kar Dağıtımı Tablosu.pdf

DIVIDEND DISTRIBUTION TABLE

AKİŞ GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş. 01.01.2023/31.12.2023 Period Dividend Payment Table (TL)

1.Paid-In / Issued Capital	805.000.000
2. Total Legal Reserves (According to Legal Records)	109.461.965,09

*	Based on CMB Regulations	Based on Legal Records
3. Current Period Profit	3.363.933.629	1.231.134.810,22
4. Taxes Payable (-)	5.475.304	0
5. Net Current Period Profit	3.358.458.325	1.231.134.810,22
6. Losses in Previous Years (-)	0	63.314.362,17
7. Primary Legal Reserve (-)	51.538.034,91	51.538.034,91
8. Net Distributable Current Period Profit	3.306.920.290,09	1.116.282.413,14
Dividend Advance Distributed (-)	0	0
Dividend Advance Less Net Distributable Current Period Profit	3.306.920.290,09	1.116.282.413,14
9. Donations Made During The Year ( + )	3.837.874	0
10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated	3.310.758.164,09	0
11. First Dividend to Shareholders	40.250.000	40.250.000
* Cash	40.250.000	40.250.000
* Stock	0	0
12. Dividend Distributed to Owners of Privileged Shares	0	0
13. Other Dividend Distributed	0	0
* To the Employees	0	0
* To the Members of the Board of Directors	0	0
* To Non-Shareholders	0	0
14. Dividend to Owners of Redeemed Shares	0	0
15. Second Dividend to Shareholders	19.750.000	19.750.000
16. Secondary Legal Reserves	1.975.000	1.975.000
17. Statutory Reserves	0	0
18. Special Reserves	0	0
19. Extraordinary Reserves	3.244.945.290,09	1.054.307.413,14
20. Other Distributable Resources	0	0

Dividend Payment Rates Table

Share Group	CASH DIVIDEND AMOUNT (TL) - NET	STOCK DIVIDEND AMOUNT (TL)	TOTAL DIVIDEND AMOUNT (TL) / NET DISTRIBUTABLE CURRENT PERIOD PROFIT (%)	DIVIDEND TO BE PAID FOR SHARE WITH PAR VALUE OF 1 TL - NET (TL)	DIVIDEND TO BE PAID FOR SHARE WITH PAR VALUE OF 1 TL - NET (%)
A Grubu	2.709.558,25	0	0,08	0,0745341	7,45341
B Grubu	57.290.441,75	0	1,73	0,0745341	7,45341
TOTAL	60.000.000	0	1,81	0,0745341	7,45341