KARSAN OTOMOTİV SANAYİİ VE TİCARET A.Ş.

Notice of Dividend Amount • May 25, 2023

Summary Info	General Assembly Decision on 2022 Dividend Distribution
Update Notification Flag	No
Correction Notification Flag	Yes
Postponed Notification Flag	No
Reason of Correction	Has been updated

Decision Date	26.04.2023
Date of Related General Assembly	25.05.2023
Type of Cash Dividend Payment	Cash Dividend Will Not Be Paid
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 (%)
A Grubu, İşlem Görmüyor, TREKRSN00015		0,0000000	0	0	0,0000000	0
B Grubu, KARSN, TRAKARSN91H7		0,0000000	0	0	0,0000000	0

Amount and Rate of Cash Dividend Stock Dividend Payment

Share Group Info	Amount of Stock Dividend (TL)	Rate of Stock Dividend (%)
A Grubu, İşlem Görmüyor, TREKRSN00015	0	0
B Grubu, KARSN, TRAKARSN91H7	0	0

Additional Explanations

According to the consolidated financial statements of the Company for the fiscal year 01.01.2022 -31.12.2022 prepared in accordance with the Turkish Accounting Standards / Turkish Financial Reporting Standards ("TAS/TFRS") published by Public Oversight Accounting Auditing Standards Authority ("POA"), the profit amounting to TRY 151.673.000has been determined and according to the (Legal) financial statements prepared in accordance with the Tax Procedure Law, the loss mounting to TRY 68.538.373has been determined; after offsetting accumulated losses, it has been unanimously resolved by the attendees that the profit distribution shall not be made since no distributable profit has occurred on both financial statement; since it was decided to submit this proposal to the approval of the Ordinary General Assembly for the year 2022, it was decided not to distribute the profit, since there was no distributable profit after discussing the agenda item.

Respectfully announced to the public

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.

DIVIDEND DISTRIBUTION TABLE

KARSAN OTOMOTİV SANAYİİ VE TİCARET A.Ş. 01.01.2022/31.12.2022 Period Dividend Payment Table (TL)

1.Paid-In / Issued Capital	900.000.000
2. Total Legal Reserves (According to Legal Records)	7.937.975,07
Information on privileges in dividend distribution, if any, in the Articles of Association:	NO

*	Based on CMB Regulations	Based on Legal Records
3. Current Period Profit	24.471.000	-68.538.373
4. Taxes Payable (-)	127.202.000	0
5. Net Current Period Profit	151.673.000	-68.538.373
6. Losses in Previous Years (-)	-295.216.000	-40.847.244
7. Primary Legal Reserve (-)	0	0
8. Net Distributable Current Period Profit	0	0
Dividend Advance Distributed (-)	0	0
Dividend Advance Less Net Distributable Current Period Profit	0	0
9. Donations Made During The Year ( + )	0	0
10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated	0	0
11. First Dividend to Shareholders
* Cash
* Stock
12. Dividend Distributed to Owners of Privileged Shares
13. Other Dividend Distributed
* To the Employees
* To the Members of the Board of Directors
* To Non-Shareholders
14. Dividend to Owners of Redeemed Shares
15. Second Dividend to Shareholders
16. Secondary Legal Reserves
17. Statutory Reserves
18. Special Reserves
19. Extraordinary Reserves
20. Other Distributable Resources

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 (%)
A Grubu	0	0	0	0	0
B Grubu	0	0	0	0	0
TOTAL	0	0	0	0	0