OTOKAR OTOMOTİV VE SAVUNMA SANAYİ A.Ş.

Share Issue/Capital Change • Jan 19, 2021

Summary Info	Board of directors decision for the extension of the validity period of the company's authorized capital upper limit
Update Notification Flag	No
Correction Notification Flag	No
Postponed Notification Flag	No

Board Decision Date	19.01.2021
Related Authorized Capital Process	Update Of Authorized Capital Validity Period
Current Authorized Capital (TL)	100.000.000
New Authorized Capital (TL)	100.000.000
Due Date For The Authorized Capital (New)	31.12.2025
Number Of Articles Of Association Item To Be Amended	7

Additional Explanations

With the decision of the Board of Directors of our company dated 19.01.2021;

The Board of Directors resolved to amend Article 7 "Capital" of the Company's Articles of Association in order to extend the validity period of Company's upper limit of authorized capital and to apply for the necessary permissions of Capital Market Board of Turkey and the Ministry of Customs and Trade and to propose the amendment to the approval of the first upcoming General Assembly.

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	Tadil Metni KAP_ek.pdf
Appendix: 2	Tadil Metni KAP_ek_eng.pdf