TÜRK HAVA YOLLARI A.O.

Quarterly Report • Aug 28, 2023

Reason of Correction	After detailed analysis of our Incorporation's Financial Report dated 30.06.2023, following items are updated; Section 3B Item 2 (Accounts belonging to same derivative instruments are combined), Section 3C Item 15 and 16, Section 4F Item 5 and 7.

SUMMARY INFORMATION

Presentation Currency	1.000.000 TL
Financial Statement Year / Period	2023 / 6 Months
Nature of Financial Statements	Consolidated
1) Are there any activities that do not comply with the Participation Finance Principles written in the article of association?	NO
2) Are there any share privileges that do not comply with the Participation Finance Principles written in the article of association?	NO
3) The ratio of the company's total income that do not comply with the Participation Finance Principles (%) [ (3A+3B-3C) / 3D ] * 100	3,88
4) The total of the company's assets that do not comply with the Participation Finance Principles (4E-4F)	132.667
5) The total of the company's liabilities that do not comply with the Participation Finance Principles (5H-5I)	84.256

1) Activities Written In Article Of Association That Do Not Comply With The Participation Finance Principles

*	YES / NO	SECTION NUMBER
1) Does the company"s article of association include any of the activities listed in article 1.1 of the "Share Certificate Issuance And Trade Standard" (Standard)?	NO
2) Does the company"s article of association allow to become a partner in companies whose activities include any of the activities listed in article 1.1 of the Standard?	NO
3) Does it include any expression indicating that at least one of the company"s subsidiaries (if any) in which the company owns more than 50% as controlling shareholder can perform any of the activities listed in article 1.1 of the Standard in its article of association?	NO

2) Preferred Shares and Usufruct Shares Information

*	YES / NO	SECTION NUMBER
1) Are there any dividend privileges among the share groups of the company or, if any, in the usufruct shares?	NO
2) Are there any liquidation privileges among the share groups of the company or, if any, in the usufruct shares?	NO

3) Incomes That Do Not Comply With The Participation Finance Principles (A+B-C)

A) INCOME FROM ACTIVITIES THAT DO NOT COMPLY WITH THE PARTICIPATION FINANCE PRINCIPLES ACCOUNTED UNDER REVENUE ITEM

ITEM NAME	AMOUNT
	1.000.000 TL
	2023 / 6 Months
	Consolidated
1) Total income from activities related to the production and trade of beverages/food consisting of alcohol accounted under the financial statement item, "Revenue"	0
2) Total income from activities related to the production and trade of porks and their products accounted under the financial statement item, "Revenue"	0
3) Total income from activities related to the production and trade of tobacco products accounted under the financial statement item, "Revenue"	0
4) Total income from activities related to gamble and activities that are considered as gambling accounted under the financial statement item, "Revenue"	0
5) Total income from activities related to interest-based financial transactions accounted under the financial statement item, "Revenue"	0
6) Total income from activities related to distribution and marketing of media and publishing activities accounted under the financial statement item, "Revenue"	0
7) Total income from activities related to entertainment, hotel management, tourism and organization activities accounted under the financial statement item, "Revenue"	0
TOTAL	0

B) RELATED FINANCIAL STATEMENT ITEMS

ITEM NAME	AMOUNT
	1.000.000 TL
	2023 / 6 Months
	Consolidated
1) Other Operating Income	3.921
2) Finance Income	4.413
3) Revenue from Finance Sector Operations	0
4) Investment Activity Income	7.313
5) Share of Profit (Loss) of Associated and Joint Ventures Accounted for Using Equity Method	625
TOTAL	16.272

C) INCOME THAT COMPLY WITH THE PARTICIPATION FINANCE PRIINCIPLES THAT IS IN THE FINANCIAL STATEMENT ITEMS LISTED IN TABLE B

ITEM NAME	AMOUNT
	1.000.000 TL
	2023 / 6 Months
	Consolidated
1) Price difference income (The portion accounted for in the items listed in table B)	0
2) Foreign exchange gains (The portion accounted for in the items listed in table B)	662
3) Term sales income (The portion accounted for in the items listed in table B)	30
4) Income from participation-based assets and funds included currency protected deposit (The portion accounted for in the items listed in table B)	311
5) Social security contribution income	0
6) Promotion income from participation banks	105
7) Customer prepayments recorded as revenue (The portion accounted for in the items listed in table B)	0
8) Provisions no longer required	40
9) Service revenue (The portion accounted for in the items listed in table B)	0
10) Rent and maintenance-repair income (The portion accounted for in the items listed in table B)	330
11) Warehousing income (The portion accounted for in the items listed in table B)	0
12) Compensation and penalty income	1.498
13) Insurance damage compensation income	0
14) Lawsuit income	0
15) Dividend income from companies whose activities comply with the participation finance principles	4
16) Total of other income that comply with the participation finance principles not listed above	5.295
TOTAL	8.275

Explanation for the article 16 above

Manufacturers' credits (1.108) - Turnover premium from suppliers (136) - Other operating income (24) - Income from investment incentives (2.657) - Reversal of ECL provisions (36) - Share of Investments' Profit accounted for using the equity method (625) - Figure from our subsidiaries operating in accordance with participation finance principles included in "gain on sale of financial investments" account (350) - Profit from valuation of the shares included in the BIST Participation Index and held in the Incorporation's portfolio (3) - Gain on sale of fixed assets (356) are included.

D) TOTAL INCOME

ITEM NAME	AMOUNT
	1.000.000 TL
	2023 / 6 Months
	Consolidated
1) Revenue	189.690
2) Other Operating Income	3.921
3) Finance Income	4.413
4) Investment Activity Income	7.313
5) Revenue from Finance Sector Operations	0
6) Share of Profit (Loss) of Associates and Joint Ventures Accounted for Using Equity Method	625
TOTAL	205.962

4) Assets That Do Not Comply With The Participation Finance Principles (E-F)

E) RELATED FINANCIAL STATEMENT ITEMS

ITEM NAME	AMOUNT
	1.000.000 TL
	2023 / 6 Months
	Consolidated
1) Cash and cash equivalents	67.704
2) Financial Investments (Total of Those Classified in Current and Noncurrent Assets)	90.985
3) Derivative Financial Assets (Total of Current and Noncurrent Assets)	737
4) Receivables From Financial Sector Operations (Total of Current and Noncurrent Assets)	0
5) Investments Accounted For Using Equity Method	6.069
6) Investments In Subsidiaries Joint Ventures And Associates	0
TOTAL	165.495

F) ASSETS THAT COMPLY WITH THE PARTICIPATION FINANCE PRINCIPLES THAT IS IN THE FINANCIAL STATEMENT ITEMS LISTED IN TABLE E

ITEM NAME	AMOUNT
	1.000.000 TL
	2023 / 6 Months
	Consolidated
1) Checks	0
2) Cash	28
3) Demand deposits	7.191
4) Total invested amount in participation-based financialinstruments (Lease certificates, sukuk, profit share deposit included currency protected deposit)	0
5) Shares in subsidiaries joint ventures and associates complying with the participation finance principles	6.069
6) Credit card receivables	0
7) Total of other assets that are considered as compliying with the participation finance principles not listed above	19.540
TOTAL	32.828

Explanation for the article 7 above	Time deposit account in participation banks (19.419) (Item is represented in the banks-time deposit account and financial investments account in our financial report) - Value of BIST Participation Index shares held by our Incorporation (121) are included.

G) TOTAL ASSETS

ITEM NAME	AMOUNT
	1.000.000 TL
	2023 / 6 Months
	Consolidated
TOTAL ASSETS	853.692

5) Liabilities That Do Not Comply With The Participation Finance Principles (H-I)

H) RELATED FINANCIAL STATEMENT ITEMS

ITEM NAME	AMOUNT
	1.000.000 TL
	2023 / 6 Months
	Consolidated
1) Current Borowings	39.565
2) Current Portion Of Noncurrent Borrowings	61.560
3) Noncurrent Borrowings	260.237
4) Derivative Financial Liabilities (Total of Those Classified in Current and Noncurrent Liabilities)	1.416
5) Payables On Financial Sector Operations (Total of Those Classified in Current and Noncurrent Liabilities)	0
6) Other Payables (Total of Those Classified in Current and Noncurrent Liabilities)	5.498
TOTAL	368.276

I) LIABILITES THAT COMPLY WITH THE PARTICIPATION FINANCE PRINCIPLES AND LISTED IN THE TABLE H

ITEM NAME	AMOUNT
	1.000.000 TL
	2023 / 6 Months
	Consolidated
1) Lease Liabilities (Total of Those Classified in Current and Noncurrent Liabilities)	281.332
2) Bank Loans From Participation Banks	2.688
3) Issued Debt Instruments in interest-free instruments e.g.lease certificates, sukuk	0
4) Total of other debts that are considered as complying with the participation finance principles not listed above	0
TOTAL	284.020

Explanation for the article 4 above