ALARKO GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş.

Notice of Dividend Amount • Feb 24, 2023

Summary Info	Board of Director's Decision with Regards to the Distribution of 2022 Profit
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No

Decision Date	24.02.2023
Date of Related General Assembly	31.03.2023
Type of Cash Dividend Payment	Payment In Advance
Currency Unit	TRY
Stock Dividend	Will 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 profit share witholding 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 profit share witholding 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, TREALGY00011	Payment In Advance	1,7500000	175	0	1,7500000	175
B Grubu, İşlem Görmüyor, TREALGY00029	Payment In Advance	1,7500000	175	0	1,7500000	175
C Grubu, ALGYO, TRAALGYO91Q5	Payment In Advance	1,7500000	175	0	1,7500000	175

Dividend Dates

Payment	Proposed Ex-Dividend Date	Final Ex-Dividend Date	Payment Date	Record Date
Payment In Advance	25.04.2023		27.04.2023	26.04.2023

(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, TREALGY00011	206.250	125
B Grubu, İşlem Görmüyor, TREALGY00029	293.750	125
C Grubu, ALGYO, TRAALGYO91Q5	80.000.000	125

Additional Explanations

Alarko Gayrimenkul Yatırım Ortaklığı A.Ş.' Board of Director's meeting was held on 24.02.2023 at company headquarters, resolving;

· to distribute to shareholders as cash dividend of TL 112,700,000.-, and TL 80,500,000.-, through bonus issue totalling TL 193,200,000.-, after adding donations in the amount of TL 1,500,000.- on the net distributable profit for the period which is equal to TL 2,755,441,111.- after setting aside statutory contingency primary reserves in the amount of TL 0.-, as the company has already reached the legal ceiling from TL 2,753,941,111.-, which is the profit for the period appearing in consolidated financial statements of our company for 2022;

· setting aside statutory contingency secondary reserves in the amount of TL 18,998,000.-

· to add the remaining amount to extraordinary contingency reserves;

· to start dividend distribution on April 25 th , 2023.

The motion is accepted unanimously and decided to be presented to the approval of General Assembly.

Supplementary Documents

Appendix: 1	2022 YILI KAR DAĞITIM TABLOSU.pdf
Appendix: 2	2022 DISTRUBITION OF PROFIT TABLE.pdf

DIVIDEND DISTRIBUTION TABLE

ALARKO GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş. 01.01.2022/31.12.2022 Period Dividend Payment Table (TL)

1.Paid-In / Issued Capital	64.400.000
2. Total Legal Reserves (According to Legal Records)	12.880.000
Information on privileges in dividend distribution, if any, in the Articles of Association:	None

*	Based on CMB Regulations	Based on Legal Records
3. Current Period Profit	2.753.941.111	450.664.013,07
4. Taxes Payable (-)	0	0
5. Net Current Period Profit	2.753.941.111	450.664.013,07
6. Losses in Previous Years (-)	0	0
7. Primary Legal Reserve (-)	0	0
8. Net Distributable Current Period Profit	2.753.941.111	450.664.013,07
Dividend Advance Distributed (-)	0	0
Dividend Advance Less Net Distributable Current Period Profit	0	0
9. Donations Made During The Year ( + )	1.500.000	0
10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated	2.755.441.111	0
11. First Dividend to Shareholders	193.200.000	0
* Cash	112.700.000	0
* Stock	80.500.000	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	0	0
16. Secondary Legal Reserves	18.998.000	18.998.000
17. Statutory Reserves	0	0
18. Special Reserves	0	0
19. Extraordinary Reserves	2.541.743.111	238.466.013,07
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	288.750	206.250	0,03	3	300
B Grubu	411.250	293.750	0,02	3	300
C Grubu	112.000.000	80.000.000	6,97	3	300
TOTAL	112.700.000	80.500.000	7,01	3	300

Dividend Rate Table Explanations

Alarko Gayrimenkul Yatırım Ortaklığı A.Ş.' Board of Director's meeting was held on 24.02.2023 at company headquarters, resolving;

· to distribute to shareholders as cash dividend of TL 112,700,000.-, and TL 80,500,000.-, through bonus issue totalling TL 193,200,000.-, after adding donations in the amount of TL 1,500,000.- on the net distributable profit for the period which is equal to TL 2,755,441,111.- after setting aside statutory contingency primary reserves in the amount of TL 0.-, as the company has already reached the legal ceiling from TL 2,753,941,111.-, which is the profit for the period appearing in consolidated financial statements of our company for 2022;

· setting aside statutory contingency secondary reserves in the amount of TL 18,998,000.-

· to add the remaining amount to extraordinary contingency reserves;

· to start dividend distribution on April 25 th , 2023.

The motion is accepted unanimously and decided to be presented to the approval of General Assembly.