SİNPAŞ GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş.

Notice of Dividend Amount • May 24, 2023

Summary Info	Decision of the General Assembly on Dividend Distribution Transaction
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No

Decision Date	19.04.2023
Date of Related General Assembly	24.05.2023
Was The Issue of Dividend Payment Negotiated?	Discussed
Type of Cash Dividend Payment	Cash Dividend Will Not Be Paid
Currency Unit	TRY
Stock Dividend	Will Not Be Paid

Cash Dividend Payment Amount and Rates

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 (%)	Withholding Rate (%)	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 (%)
A Grubu, İşlem Görmüyor, TRESNGY00027		0,0000000	0	0	0,0000000	0
B Grubu, İşlem Görmüyor, TRESNGY00035		0,0000000	0	0	0,0000000	0
C Grubu, SNGYO, TRESNGY00019		0,0000000	0	0	0,0000000	0

Amount and Rate of Cash Dividend Stock Dividend Payment

Share Group Info	Amount of Stock Dividend (TL)	Rate of Stock Dividend (%)
A Grubu, İşlem Görmüyor, TRESNGY00027	0	0
B Grubu, İşlem Görmüyor, TRESNGY00035	0	0
C Grubu, SNGYO, TRESNGY00019	0	0

Additional Explanations

Our Company's Board of Directors, in order to manage the risks due to the uncertainties in the economic conjuncture and the exchange rate and raw material prices, and in this context, to create a strong source base for our Company's projects and new investments, not to distribute profits for 2022, and to transfer the remaining amount to the extraordinary reserves account after the general legal reserves are set aside, Approval was given by the General Assembly, which convened to discuss the operational results of our company for 2022.

Respectfully announced to the public.

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	Kar Dağıtım Tablosu.pdf
Appendix: 2	Profit Distribution Table.pdf

DIVIDEND DISTRIBUTION TABLE

SİNPAŞ GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş. 01.01.2022/31.12.2022 Period Dividend Payment Table (TL)

1.Paid-In / Issued Capital	1.500.000.000
2. Total Legal Reserves (According to Legal Records)	112.492.966,01
Information on privileges in dividend distribution, if any, in the Articles of Association:	There is no profit distribution privilege

*	Based on CMB Regulations	Based on Legal Records
3. Current Period Profit	5.223.148.289	-238.376.337,72
4. Taxes Payable (-)	0	0
5. Net Current Period Profit	5.223.148.289	-238.376.337,72
6. Losses in Previous Years (-)	0	0
7. Primary Legal Reserve (-)	0	0
8. Net Distributable Current Period Profit	5.223.148.289	0
Dividend Advance Distributed (-)	0	0
Dividend Advance Less Net Distributable Current Period Profit	5.223.148.289	-238.376.337,72
9. Donations Made During The Year ( + )	750.210,01	0
10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated	5.223.898.499,01	0
11. First Dividend to Shareholders	0	0
* Cash	0	0
* Stock	0	0
12. Dividend Distributed to Owners of Privileged Shares	0	0
13. Other Dividend Distributed	0	0
* To the Employees	0	0
* To the Members of the Board of Directors	0	0
* To Non-Shareholders	0	0
14. Dividend to Owners of Redeemed Shares	0	0
15. Second Dividend to Shareholders	0	0
16. Secondary Legal Reserves	0	0
17. Statutory Reserves	0	0
18. Special Reserves	0	0
19. Extraordinary Reserves	5.223.148.289	0
20. Other Distributable Resources	0	0

Dividend Payment 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 (%)
A Grubu	0	0	0	0	0
B Grubu	0	0	0	0	0
C Grubu	0	0	0	0	0
TOTAL	0	0	0	0	0

Dividend Rate Table Explanations

Our Company's Board of Directors, in order to manage the risks due to the uncertainties in the economic conjuncture and the exchange rate and raw material prices, and in this context, to create a strong source base for our Company's projects and new investments, not to distribute profits for 2022, and to transfer the remaining amount to the extraordinary reserves account after the general legal reserves are set aside, Approval was given by the General Assembly, which convened to discuss the operational results of our company for 2022.

Respectfully announced to the public.

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.