MİGROS TİCARET A.Ş. — M&A Activity 2018

Aug 27, 2018

Summary Info	Board resolution regarding the completion of the Migros – Kipa merger and the registration of merger transaction
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No
Related Companies	KIPA

Board Decision Date	18.04.2018
Merger Model	Merger Through Acquisition
Date Of Financial Statements Base To Merger	31.12.2017
Currency Unit	TRY

Acquired Company	Trading On The Stock Exchange/Not Trading On The Stock Exchange	Share Exchange Rate	Group of Share To Be Distributed To Acquired Company Shareholders	Form of Share To Be Distributed To Acquired Company Shareholders
KİPA TİCARET A.Ş.	Trading On The Stock Exchange	0,06045385		Registered

Share Group Info	Paid In Capital	Amount Of Capital To Be Increased Due To The Acquisition (TL)	Capital To Be Decreased (TL)	Target Capital	New Shares To Be Given Due To Merger
MGROS, TREMGTI00012	178.030.000	3.024.233		181.054.233	MGROS, TREMGTI00012

	Paid In Capital	Amount Of Capital To Be Increased Due To The Acquisition (TL)	Capital To Be Decreased (TL)	Target Capital
TOTAL	178.030.000 TL	3.024.233 TL	0 TL	181.054.233 TL

Capital Market Board Application Date Regarding Merger	25.04.2018
Capital Market Board Application Result Regarding Merger	APPROVAL
Capital Market Board Approval Date Regarding Merger	19.07.2018
Capital Market Board Application Date	26.07.2018
Capital Market Board Application Result	APPROVAL
Capital Market Board Approval Date	31.07.2018

Additional Explanations

Within the scope of the announcement on merger transaction made by our Company – Migros Ticaret A.Ş. (the " Company " or " Migros ") on 18.04.2018 and approval of Capital Markets Board of Turkey dated 19.07.2018 and numbered 32/841, the completion of merger by way of simplified merger process of Kipa Ticaret A.Ş. (" Kipa ") under Migros, approval of merger agreement and merger report, application to relevant Trade Registries regarding registration of merger transaction upon completion of necessary transactions have been resolved by board of directors of Migros on 27.08.2018.

Depending upon the registration date of the merger, the separation funds usage details for Kipa shareholders will be announced on a separate public disclosure when the separation funds usage dates are precised .

( In case of a discrepancy between the Turkish and the English versions of this disclosure, the Turkish version shall prevail.)