MİGROS TİCARET A.Ş.

Share Issue/Capital Change • Jul 26, 2018

Summary Info	Board resolution on capital increase due to the merger and Issuance Certificate
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

Additional Explanations

In line with the simplified merger of Migros Ticaret A.Ş. ("Migros") and Kipa Ticaret A.Ş. ("Kipa") under Migros by way of "simplified merger process",

It has been resolved that t he amount of share capital to be increased at Migros as a result of the merger process will be TL 3,024,233, therefore the share capital of Migros will be increased from TL 178,030,000 to TL 181,054,233 within the current registered capital ceiling of TL 500,000,000 granted by the CMB for 2018-2022 (5 years); and Article 7 ("Capital") of Articles of Association of the Company will be amended.

Within this context, it was submitted to the CMB on 26 July 2018 for the approval of Issuance Certificate regarding the capital increase.

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

Documents Regarding Merger

Appendix: 1	Migros Esas Sozlesme Tadil Tasarisi.pdf - Other