AYGAZ A.Ş.

Share Issue/Capital Change • Jul 17, 2023

Summary Info	CMB approval for the application regarding the resolution on transfer of Koç Finansal Hizmetler A.Ş. shares to Koç Holding A.Ş. by way of partial demerger through share transfer to shareholders model
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No
Related Companies	KCHOL

Board Decision Date	30.05.2023
Demerger Model	Partial demerger by way of share transfer to the shareholders
Company/Companies That Assets be Transferred Due to Demerger	Koç Holding A.Ş.
Scope of Activities of Company/Companies That Assets be Transferred Due to Demerger	Holding and investment
Capital Increase of Company That Assets be Transferred Due to Demerger	6.504.705
Will Be Applied to Stock Exchange For Listing of Company That Assets be Transferred Due to Demerger?	No
Currency Unit	TRY
Date Of Financial Statements Base To Demerger	31.12.2022
Paid-in Capital (TL)	219.800.767
Target Capital (TL)	205.905.619

Share Group Info	Paid-in Capital (TL)	Share Exchange Rate	Capital To Be Decreased Due To Demerger (TL)	Capital To Be Decreased Due To Demerger (%)	Amount Of Bonus Issue From Internal Resources Due to Demerger (TL)	Rate Of Bonus Issue From Internal Resources Due to Demerger(%)	New Shares'' ISIN	Amount of Shares Issued Due To Demerger
AYGAZ, TRAAYGAZ91E0	219.800.767	0,78922	13.895.148	6,3217			TRAKCHOL91Q8	6.504.705

Capital Market Board Application Date Regarding Demerger	31.05.2023
Capital Market Board Application Result Regarding Demerger	APPROVAL
Capital Market Board Approval Date Regarding Demerger	13.07.2023

Additional Explanations

As publicly disclosed on May 30, 2023; based on the review of structuring alternatives regarding Koç Group companies to enable them operate efficiently, it has been resolved to transfer Koç Finansal Hizmetler A.Ş. ("KFS") shares with a nominal value of 15.001.230,08 TL in our Company's assets which corresponds to 3.93% of the registered KFS capital, to Koç Holding A.Ş. ("Koç Holding") through a partial demerger transaction through the model of share transfer together with all its rights and debts, in accordance with the principle of universal succession to Aygaz shareholders.

Capital Markets Board approved the application for the partial demerger transaction made by Aygaz and Koç Holding .The approved version of the Announcement Text together with the Demerger Report and the Demerger Agreement are attached (available in Turkish).

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.

Documents Regarding Demerger

Appendix: 1	Ek_1_DuyuruMetni 117-152.pdf - Announcement Text