PANORA GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş.

Notice of Dividend Amount • Mar 18, 2019

Summary Info	Temettü ilk taksit tarihi ve tutarı açıklaması
Update Notification Flag	No
Correction Notification Flag	Yes
Postponed Notification Flag	No
Reason of Correction	1. taksit belirlenmiştir.

Board Decision Date	21.02.2019
Date of Related General Assembly	16.03.2019
Was The Issue of Dividend Payment Negotiated?	Discussed
Type of Cash Dividend Payment	2 Installment
Currency Unit	TRY
Type of Stock Dividend Payment	Will Not Be Paid
The Reason For Applying A Lower Dividend Withholding Rate Than The Current Rate In Calculating Net Amount	Stopaj kesintisi bulunmamaktadır.

Amount and Rate of Cash Dividend Payment

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 (%)	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 (%)
PAGYO, TREPGYO00013	1. Instalment	0,46	46	0,46	46
PAGYO, TREPGYO00013	2. Instalment
PAGYO, TREPGYO00013	TOTAL	0,46	46	0,46	46

Cash Dividend Payment Dates

Payment	Proposed Ex-Dividend Date	Final Ex-Dividend Date	Payment Date	Record Date
1. Instalment	19.03.2019	19.03.2019	21.03.2019	20.03.2019
2. Instalment

Amount and Rate of Cash Dividend Stock Dividend Payment

Share Group Info	Amount of Stock Dividend (TL)	Rate of Stock Dividend (%)
PAGYO, TREPGYO00013	0	0

Additional Explanations

Kar payı ödemelerine ilişkin KAP duyurumuz ödemelerin 2 taksitte yapılacağı öngörüsüne dayalı olarak güncellenmiştir. Bununla birlikte taksit sayısı, miktarı ve zamanı Şirket'in nakit durumu dikkate alınarak yeniden düzenlenebilir.

Supplementary Documents

Appendix: 1	Panora 2018 Kar Dağıtım Önerisi Tablosu.pdf

DIVIDEND DISTRIBUTION TABLE

PANORA GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş. 01.01.2018/31.12.2018 Period Dividend Payment Table (TL)

1.Paid-In / Issued Capital	87.000.000
2. Total Legal Reserves (According to Legal Records)	35.479.550,21
Information on privileges in dividend distribution, if any, in the Articles of Association:	Yoktur

*	Based on CMB Regulations	Based on Legal Records
3. Current Period Profit	66.248.476	57.255.357,67
4. Taxes Payable (-)	55.241	0
5. Net Current Period Profit	66.193.235	57.255.357,67
6. Losses in Previous Years (-)	0	0
7. Primary Legal Reserve (-)	2.862.767,88	2.862.767,88
8. NET DISTRIBUTABLE CURRENT PERIOD PROFIT	63.330.467,12	54.392.589,79
Dividend Advance Distributed (-)
Dividend Advance Less Net Distributable Current Period Profit
9. Donations Made during the Year ( + )
10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated	63.330.467,12
11. First Dividend to Shareholders	3.166.523,36
* Cash	3.166.523,36
* Stock	0
12. Dividend Distributed to Owners of Privileged Shares	0
13. Other Dividend Distributed	0
* To the Employees	0
* To the Members of the Board of Directors,	0
* To None Shareholders	0
14. Dividend to Owners of Redeemed Shares	0
15. Second Dividend to Shareholders	46.658.376,64
16. Secondary Legal Reserves	4.547.490
17. Statutory Reserves
18. Special Reserves
19. EXTRAORDINARY RESERVES	8.958.077,12	20.199,79
20. Other Distributable Resources

Dividend 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 (%)
- - -	49.824.900	0	78,67	0,5727	57,27
TOTAL	49.824.900	0	78,67	0,5727	57,27

Dividend Payment Table Explanation

(*) Yönetim Kurulumuz, kar dağıtımına ilişkin olarak VUK hükümlerine göre hazırlanan solo mali tablolar ve yasal yedekler dikkate

alındığında karın yaklaşık %100 ünün dağıtılmasına dair verdiği teklifle, Şirket Esas Sözleşmesinin 29. maddesinde belirtilen "Dağıtılabilir Karın en az %75 i pay sahiplerine nakden dağıtılır" hükmü yerine getirilmektedir.