ALARKO HOLDİNG A.Ş.

Share Issue/Capital Change • Mar 15, 2024

The Former Version of the Article	The New Version of the Article
ARTICLE 8. CAPITAL	ARTICLE 8. CAPITAL
The Holding has adopted the registered capital system in accordance with the provisions of the Capital Markets Law and transitioned to this system with the permission of the Capital Markets Board dated 6.11.1985 and numbered 390.The registered capital of the Holding is 500,000,000 (Five Hundred Million) TL, divided into 50,000,000,000 (Fifty Billion) shares, each with a nominal value of 1 (One) Kr. The issued capital of the Holding is fully paid up at 435,000,000 (Four Hundred and Thirty Five Million) TL, consisting of a total of 43,500,000,000 (Forty-Three Billion Five Hundred Million) bearer shares with a nominal value of 1 Kr. The permission granted by the Capital Markets Board for the registered capital ceiling is valid for the years 2020 - 2024 (5 years). Even if the registered capital ceiling permitted by the end of 2024 is not reached, in order for the Board of Directors to make a decision on capital increase after 2024, it is mandatory for the General Assembly to grant authorization for a new period by obtaining permission from the Capital Markets Board for either the previously granted ceiling or a new ceiling amount. In the event that such authorization is not obtained, the Company's Board of Directors cannot make a decision for a capital increase. The Board of Directors is authorized to increase the issued capital up to the registered capital ceiling whenever deemed necessary in	The Holding has adopted the registered capital system in accordance with the provisions of the Capital Markets Law and transitioned to this system with the permission of the Capital Markets Board dated 6.11.1985 and numbered 390. The registered capital of the Holding is 2,000,000,000 (Two Billion) TL, divided into 200,000,000,000 (Two Hundred Billion) shares, each with a nominal value of 1 (One) Kr. The issued capital of the Holding is fully paid up at 435,000,000 (Four Hundred and Thirty Five Million) TL, consisting of a total of 43,500,000,000 (Forty-Three Billion Five Hundred Million) bearer shares with a nominal value of 1 Kr. The permission granted by the Capital Markets Board for the registered capital ceiling is valid for the years 2024 - 2028 (5 years). Even if the registered capital ceiling permitted by the end of 2028 is not reached, in order for the Board of Directors to make a decision on capital increase after 2028, it is mandatory for the General Assembly to grant authorization for a new period by obtaining permission from the Capital Markets Board for either the previously granted ceiling or a new ceiling amount. In the event that such authorization is not obtained, the Company's Board of Directors cannot make a decision for a capital increase. Between the years 2024 and 2028, the Board of
compliance with the Capital Markets Law and relevant legislation between 2020 and 2024. In capital increases, shares must be issued as	Directors is authorized to increase the issued capital up to the registered capital ceiling whenever deemed necessary in compliance with the provisions of the Capital Markets Law and
bearer shares. Furthermore, the Board of Directors may make	related legislation. In capital increases, shares must be issued as
decisions regarding the issuance of shares above their nominal value and the restriction of shareholders' rights to acquire new shares.	bearer shares. Furthermore, the Board of Directors may make decisions regarding the issuance of shares above their nominal value and the restriction of shareholders' rights to acquire new shares.

The Former Version of the Article	The New Version of the Article
Shares representing capital are recorded in	The Holding's capital may be increased or
book-entry form in accordance with the	decreased as necessary in accordance with
principles of dematerialization.	the provisions of the Turkish Commercial
	Code and Capital Markets Legislation.
In capital increases, shares must be issued as
bearer shares.	Shares representing capital are recorded in
	book-entry form in accordance with the
	principles of dematerialization.