PEGASUS HAVA TAŞIMACILIĞI A.Ş.

Share Issue/Capital Change • Feb 28, 2024

Summary Info	Board Resolution Regarding Capital Increase Through Issuance of Bonus Shares
Update Notification Flag	No
Correction Notification Flag	No
Postponed Notification Flag	No

Board Decision Date	28.02.2024
Authorized Capital (TL)	500.000.000
Paid-in Capital (TL)	102.299.707
Target Capital (TL)	500.000.000

Bonus Issue

Share Group Info	Paid-in Capital (TL)	Amount of Bonus Issue From Internal Resources (TL)	Rate of Bonus Issue From Internal Resources (%)	Amount of Bonus Issue From Dividend (TL)	Rate of Bonus Issue From Dividend (%)	Share Group Issued	New Shares'' ISIN	Nevi
PGSUS, TREPEGS00016	102.299.707	397.700.293,000	388,75995				PGSUS, TREPEGS00016	Registered

	Paid-in Capital (TL)	Amount of Bonus Issue From Internal Resources (TL)	Rate of Bonus Issue From Internal Resources (%)	Amount of Bonus Issue From Dividend (TL)	Rate of Bonus Issue From Dividend (%)
TOTAL	102.299.707	397.700.293,000	388,75995

Details of Internal Resources :

Premium on Issued Shares (TL)	397.700.293

Other Aspects To Be Notified

Property of Increased Capital Shares	Dematerialized Share

Additional Explanations

Our Board of Directors resolved on the increase of the Company's current issued capital of TRY 102,299,707 to TRY 500,000,000, by an increase of TRY 397,700,293, through the conversion of funds available as part of the "Share Premiums on Capital Stock", within the TRY 500,000,000 authorized capital ceiling; the undertake of necessary transactions for the conversion of the said "Share Premiums on Capital Stock" amount to the "Capital" account and the certification of the conversion through a certified public accountant report; and the issuance of TRY 397,700,293 shares, each with a nominal value of TRY 1.00, and subject to the completion of the legal process regarding the capital increase, the distribution of the newly issued shares to the shareholders pro rata to their shareholding in the Company through the Central Registry Agency. This Material Event Disclosure is prepared in Turkish and in English. In case of any discrepancy between the two versions, Turkish disclosure will prevail.