ANADOLU EFES BİRACILIK VE MALT SANAYİİ A.Ş.

Registration Form • Feb 27, 2025

ANNEX: 1

Anadolu Efes Biracılık ve Malt Sanayii A.Ş. Articles of Association

PREVIOUS TEXT	NEW TEXT
CAPITAL	CAPITAL
ARTICLE 7	ARTICLE 7
The Company has accepted the registered capital system	The Company has accepted the registered capital system in
in accordance with the provisions of the Capital Market	accordance with the provisions of the Capital Market Law,
Law, and has shifted to this system by a permission, ref.	and has shifted to this system by a permission, ref. 308,
308, dated 25.06.1992, of the Capital Markets Board. The	dated 25.06.1992, of the Capital Markets Board. The
Company	Company
has	has
a	a
registered	registered
capital	capital
ceiling	ceiling
of	of
TL	TL
10,000,000,000.-(ten billion Turkish Liras).	10,000,000,000.-(ten billion Turkish Liras).
Company's issued capital is TL 592,105,263 (five	Company's issued capital is TL 5,921,052,630 (five billion
hundred ninety two million one hundred five thousand	nine hundred twenty one million fifty two thousand six
two hundred sixty three Turkish Liras) and the issued	hundred thirty Turkish Liras) and the issued capital has
capital has fully been paid in cash free of any collusion.	fully been paid in cash free of any collusion.
Company's capital is comprised of 592,105,263 shares	Company's capital is comprised of 5,921,052,630 shares
each with a nominal value of 1 (one) TL. 142,105,263 of	each with a nominal value of 1 (one) TL. 1,421,052,630 of
the shares are owned by SABMiller Harmony Limited	the shares are owned by SABMiller Harmony Limited and
and are registered shares, while 450,000,000 of the shares	are registered shares, while 4,500,000,000 of the shares are
are bearer shares.	bearer shares.
New shares cannot be issued unless the price of the issued	New shares cannot be issued unless the price of the issued
shares is paid by being fully sold. Shares representing the	shares is paid by being fully sold. Shares representing the
capital are monitored on registered basis in accordance	capital are monitored on registered basis in accordance with
with registry principles.	registry principles.
Except for the cases specified below, each shareholder is entitled to claim new shares issued, pro rata their shares in the capital. In capital increases realized through shareholder's equity, new shares will be allocated to the existing shareholders pro rata their shares in the capital.	Except for the cases specified below, each shareholder is entitled to claim new shares issued, pro rata their shares in the capital. In capital increases realized through shareholder's equity, new shares will be allocated to the existing shareholders pro rata their shares in the capital.
In conformity with the relevant provisions of the Capital	In conformity with the relevant provisions of the Capital
Market Law and relevant legislation, if required, the	Market Law and relevant legislation, if required, the
Company is authorized to increase its issued capital by	Company is authorized to increase its issued capital by
issuing new shares up to the registered capital ceiling, to	issuing new shares up to the registered capital ceiling, to
restrict the shareholder's right to purchase new shares and	restrict the shareholder's right to purchase new shares and
to issue new shares which are above the nominal values.	to issue new shares which are above the nominal values.
Right to purchase new shares can not be used in a way	Right to purchase new shares can not be used in a way that
that will cause inequalities between shareholders.	will cause inequalities between shareholders.
The permission by the Capital Markets Board for the	The permission by the Capital Markets Board for the
registered capital ceiling is valid for the years between	registered capital ceiling is valid for the years between
2024-2028 (five years). Even if the previously set capital	2024-2028 (five years). Even if the previously set capital
ceiling is not reached as the end of year 2028, in order for	ceiling is not reached as the end of year 2028, in order for
the Board of Directors to increase capital, a new	the Board of Directors to increase capital, a new permission
permission for a registered capital ceiling, either at the	for a registered capital ceiling, either at the previously
previously permitted amount or for a higher amount,	permitted amount or for a higher amount, should be taken
should be taken from the Capital Markets Board as per a	from the Capital Markets Board as per a decision of the
decision of the General Assembly. If the authorization of	General Assembly. If the authorization of the Capital
the Capital Markets Board is not obtained, then the	Markets Board is not obtained, then the Company can not
Company can not increase capital by a Board Resolution.	increase capital by a Board Resolution.
Capital of the company can be increased or decreased in	Capital of the company can be increased or decreased in
accordance with the Turkish Commercial Code and	accordance with the Turkish Commercial Code and Capital
Capital Markets regulations when necessary.	Markets regulations when necessary.