ALARKO CARRIER SANAYİ VE TİCARET A.Ş.

M&A Activity • Apr 22, 2025

Date and time of publication on KAP: 22.04.2025 19:49:17 https://www.kap.org.tr/en/Bildirim/1428857

KAMUYU AYDINLATMA PLATFORMU

ALARKO HOLDİNG A.Ş. Material Event Disclosure (General)

Proposal for the sale of Alarko Carrier Sanayi ve Ticaret A.Ş. shares. Summary

Material Event Disclosure General

Related Companies [ALCAR]

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Material Event Disclosure General
Update Notification Flag	Hayır (No)
Correction Notification Flag	Hayır (No)
Date Of The Previous Notification About The Same Subject	-
Postponed Notification Flag	Evet (Yes)
Announcement Content
Explanations

The Board of Directors of Alarko Holding A.Ş. (the "Company") had resolved, with its resolution dated 09.10.2024 and numbered 949, to commence negotiations with Carrier HVACR Investments B.V. ("Carrier") regarding the sale of all or portion of the shares of Alarko Carrier Sanayi ve Ticaret A.Ş. ("Alarko Carrier") owned by the Company or the acquisition by the Company of all or portion of the shares of Alarko Carrier owned by Carrier (the "Potential Transaction") and postpone the public disclosure of the inside information regarding the Potential Transaction, considering the uncertainty of the Potential Transaction and the possibility that disclosure of the Potential Transaction may adversely affect the Potential Transaction, in order not to harm the legitimate interests of the Company. At this stage, considering that the grounds for postponement are no longer valid, it has become necessary to disclose the inside information.

As a result of the assessments and evaluations having been conducted, the Company made a proposal to Carrier to sell the Company's shares in Alarko Carrier's share capital representing 20% of the share capital thereof.

The Company will evaluate other options, including the sale of the shares on the stock exchange if Carrier does not accept the proposal.

The sale of the shares subject to the proposal to Carrier or any other person will not cause any change in the control structure of Alarko Carrier within the scope of the shareholders agreement concluded between the Company and Carrier.

Respectfully announced to the public.

In case of a discrepancy between the Turkish and English versions of this public disclosure statement, Turkish version shall prevail.

We proclaim that our above disclosure is in conformity with the principles set down in "Material Events Communiqué" of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we're personally liable for the disclosures.