AYGAZ A.Ş.

Notice of Dividend Amount • Mar 5, 2024

Summary Info	2023 Dividend Distribution Proposal
Update Notification Flag	No
Correction Notification Flag	No
Postponed Notification Flag	No

Decision Date	05.03.2024
Type of Cash Dividend Payment	Payment In Advance
Currency Unit	TRY
Stock Dividend	Will Not Be Paid

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 (%)
AYGAZ, TRAAYGAZ91E0	Payment In Advance	6,8500000	685	10	6,1650000	616,5

Dividend Dates

Payment	Proposed Ex-Dividend Date	Final Ex-Dividend Date	Payment Date	Record Date
Payment In Advance	04.04.2024		08.04.2024	05.04.2024

(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 (%)
AYGAZ, TRAAYGAZ91E0	0	0

Additional Explanations

Our Board of Directors, in its meeting on 05 March 2024 resolved to propose the attached dividend distribution proposal prepared in accordance with Article 17 of the Company's Articles of Association and Dividend Distribution Policy to the approval of the General Assembly Meeting. According to the proposal, dividend payments will start on 04 April 2024.

This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.

Supplementary Documents

Appendix: 1	Kar Dağıtım_2023.pdf
Appendix: 2	Profit Distribution_2023.pdf

DIVIDEND DISTRIBUTION TABLE

AYGAZ A.Ş. 01.01.2023/31.12.2023 Period Dividend Payment Table (TL)

1.Paid-In / Issued Capital	219.800.767
2. Total Legal Reserves (According to Legal Records)	381.033.518,61
Information on privileges in dividend distribution, if any, in the Articles of Association:	No privilege in profit distribution.

*	Based on CMB Regulations	Based on Legal Records
3. Current Period Profit	5.465.872.000	3.159.533.097,02
4. Taxes Payable (-)	-74.773.000	255.006.282,29
5. Net Current Period Profit	5.953.903.000	2.904.526.814,73
6. Losses in Previous Years (-)	0	0
7. Primary Legal Reserve (-)	0	0
8. Net Distributable Current Period Profit	5.953.903.000	2.904.526.814,73
Dividend Advance Distributed (-)	0	0
Dividend Advance Less Net Distributable Current Period Profit	5.953.903.000	2.904.526.814,73
9. Donations Made During The Year ( + )	35.002.383,36	0
10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated	5.988.905.383,36	0
11. First Dividend to Shareholders	1.505.635.253,95	10.990.038,35
* Cash	1.505.635.253,95	10.990.038,35
* Stock	0	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	1.494.645.215,6
16. Secondary Legal Reserves	149.464.521,56	149.464.521,56
17. Statutory Reserves	0	0
18. Special Reserves	0	0
19. Extraordinary Reserves	4.298.803.224,49	1.249.427.039,22
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 (%)
- - -	1.474.527.751,28	0	24,77	6,165	616,5
TOTAL

Dividend Rate Table Explanations

** Calculation of net profit distribution: 10% withholding tax will be applied to the dividends paid to real persons since there is no exemption. The calculation was made on the assumption that the dividend payments made in 2023 were 79.34% for corporate taxpayers and the remaining 20.66% were for real person taxpayers.

*** The amount is the registered nominal capital amount, and there is a capital inflation adjustment difference of 6.699.041.547 TL in the records prepared in accordance with VUK.

***The amount is the nominal general legal reserves amount, and there is an inflation adjustment difference of 4.167.530.388 TL regarding the legal reserves in the records prepared in accordance with the Tax Procedure Law.

****The first dividend amount is calculated by taking into account the registered nominal capital amount.