TÜRK HAVA YOLLARI A.O.

Notice of Dividend Amount • Apr 3, 2024

Summary Info	FY2023 Profit Distribution
Update Notification Flag	No
Correction Notification Flag	No
Postponed Notification Flag	No

Decision Date	03.04.2024
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, THYAO, TRATHYAO91M5		0,0000000	0	0	0,0000000	0
C Grubu, İşlem Görmüyor, TRETHYA00012		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, THYAO, TRATHYAO91M5	0	0
C Grubu, İşlem Görmüyor, TRETHYA00012	0	0

Additional Explanations

According to the consolidated financial statements belonging to the accounting period of 01.01.2023-31.12.2023 prepared in accordance with the International Financial Reporting Standards ("IFRS") and audited by PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş., net profit for the period is 162,998,000,000 TRY.

In accordance with the temporary Article 33 of the Tax Procedure Law ("TPL"), inflation accounting was applied to the records dated 31.12.2023. Prior to the application of inflation accounting, the legal records, which was prepared under the TPL, show a net period profit of 11,884,059,676 TL and past years' losses of 41,585,120,658 TL.

Pursuant to the Capital Markets Board's ("CMB") decision numbered 14/382 dated 07.03.2024 for the profit distribution table, the profit and losses for 2023 presented for comparison should be based on the amounts before inflation adjustment. Due to the net profit before inflation accounting being lower than the accumulated past years' losses in our records, there is no profit available for distribution according to the legal records.

In line with the same decision by the CMB, previous years' losses due to inflation adjustment differences in both IFRS and TPL based financial statements are required to be presented to the General Assembly after offsetting the index differences. Given that our Incorporation prepares IFRS tables in USD, inflation accounting was not applied to these tables. Additionally, in our TPL records, no offset transactions occurred within the equity accounts.

The following resolution will be submitted to the approval of the General Assembly:

Due to CMB decision stated above as there will not be any distributable profit (according to the legal records), the net profit of 162,998,000,000 TRY (according to IFRS) will be transferred to the previous years' profit account. Attached please find the 2023 Profit Distribution Table.

Supplementary Documents

Appendix: 1	Kar Payı Dağıtım Tablosu_2023.pdf
Appendix: 2	Profit Distribution Table_2023.pdf

DIVIDEND DISTRIBUTION TABLE

TÜRK HAVA YOLLARI A.O. 01.01.2023/31.12.2023 Period Dividend Payment Table (TL)

1.Paid-In / Issued Capital	1.380.000.000
2. Total Legal Reserves (According to Legal Records)	1.279.472.264
Information on privileges in dividend distribution, if any, in the Articles of Association:	NONE

*	Based on CMB Regulations	Based on Legal Records
3. Current Period Profit	91.282.000.000	11.884.059.676
4. Taxes Payable (-)	-71.716.000.000
5. Net Current Period Profit	162.998.000.000	11.884.059.676
6. Losses in Previous Years (-)		41.585.120.658
7. Primary Legal Reserve (-)
8. Net Distributable Current Period Profit	162.998.000.000
Dividend Advance Distributed (-)
Dividend Advance Less Net Distributable Current Period Profit
9. Donations Made During The Year ( + )	4.887.000.000	2.000.000.000
10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated	167.885.000.000
11. First Dividend to Shareholders
* Cash
* Stock
12. Dividend Distributed to Owners of Privileged Shares
13. Other Dividend Distributed
* To the Employees
* To the Members of the Board of Directors
* To Non-Shareholders
14. Dividend to Owners of Redeemed Shares
15. Second Dividend to Shareholders
16. Secondary Legal Reserves
17. Statutory Reserves
18. Special Reserves
19. Extraordinary Reserves
20. Other Distributable Resources