ALARKO HOLDİNG A.Ş.

Registration Form • Jul 8, 2025

AMENDMENT TEXT TO THE ARTICLES OF ASSOCIATION

Former Version of The Article	New Version of The Article
ARTICLE 8. CAPITAL	ARTICLE 8. CAPITAL
The Company has adopted registered capital system in accordance with the provisions of the repealed Capital Markets Law No. 2499 and has switched to this system with the permission of the Capital Markets Board dated 6.11.1985 and numbered 390.	The Company has adopted registered capital system in accordance with the provisions of the repealed Capital Markets Law No. 2499 and has switched to this system with the permission of the Capital Markets Board dated 6.11.1985 and numbered 390.
The Company's authorized capital is TRY 2,000,000,000,000 (Two Billion) divided into 200,000,000,000,000 (Two Hundred Billion) shares each with a nominal value of 1 (One) Kurush.	The Company's authorized capital is TRY 2,000,000,000,000 (Two Billion) divided into 200,000,000,000,000 (Two Hundred Billion) shares each with a nominal value of 1 (One) Kurush.
The Company has an issued capital of TRY 435,000,000.000 (Four hundred and thirty-five million) consisting of a total of 43,500,000,000 (Forty-three billion five hundred million) bearer shares with a nominal value of 1 Kurush. The above issued capital has been fully paid in free of collusion.	The Company has an issued capital of TRY 417,000,000 (Four hundred seventeen million) consisting of a total of 41,700,000,000 (Forty-one billion seven hundred million) bearer shares with a nominal value of 1 Kurush. The above issued capital has been fully paid in free of collusion.
The authorized capital allowed by the Capital Markets Board is valid from 2024 to 2028 (5 years). At the end of 2028, even if the authorized capital has not been reached, it shall be obligatory to seek the authorization of the general assembly for a new period not exceeding 5 years by obtaining permit from the Capital Markets Board for the previously permitted upper limit or a new upper limit amount. If such authorization is not obtained, no capital increase can be made relying on a resolution of the Board of Directors. The Board of Directors shall be authorized to	The Company's previously issued capital of TRY 435,000,000 has been reduced by TRY 18,000,000 through the cancellation of 1,800,000,000 shares with a nominal value of TRY 18,000,000 acquired by the Company, and has thereby been decreased to TRY 417,000,000. The authorized capital allowed by the Capital Markets Board is valid from 2024 to 2028 (5 years). At the end of 2028, even if the authorized capital has not been reached, it shall be obligatory to seek the authorization of the general assembly for a new period not exceeding 5 years by obtaining permit
increase the issued capital by issuing new shares up to the authorized capital whenever it deems necessary in accordance with the provisions of the Capital Markets Law and the relevant legislation, to restrict the rights of privileged shareholders, to limit the shareholders' right to purchase new shares and to issue shares at a premium or below their nominal value. The authorization to restrict the right to	from the Capital Markets Board for the previously permitted upper limit or a new upper limit amount. If such authorization is not obtained, no capital increase can be made relying on a resolution of the Board of Directors. The Board of Directors shall be authorized to increase the issued capital by issuing new shares up to the authorized capital whenever it deems

Former Version of The Article	New Version of The Article
purchase new shares may not be used in a way that	necessary in accordance with the provisions of the
may lead to inequality among shareholders.	Capital Markets Law and the relevant legislation, to
	restrict the rights of privileged shareholders, to limit
In the capital increases to be made, the shares must	the shareholders' right to purchase new shares and to
be payable to bearer.	issue shares at a premium or below their nominal
	value. The authorization to restrict the right to
When necessary, the capital of the Company may be	purchase new shares may not be used in a way that
increased or reduced in accordance with the	may lead to inequality among shareholders.
provisions of the Turkish Commercial Code and
Capital Market Legislation.	In the capital increases to be made, the shares must
	be payable to bearer.
Shares representing the capital shall be held in
dematerialized form in accordance with the	When necessary, the capital of the Company may be
principles of dematerialization.	increased or reduced in accordance with the
	provisions of the Turkish Commercial Code and
	Capital Market Legislation.
	Shares representing the capital shall be held in
	dematerialized form in accordance with the
	principles of dematerialization.