ÜLKER BİSKÜVİ SANAYİ A.Ş.

Notice of Dividend Amount • Mar 10, 2021

Summary Info	Dividend distribution proposal of the Board of Directors
Update Notification Flag	No
Correction Notification Flag	No
Postponed Notification Flag	No

Decision Date	10.03.2021
Type of Cash Dividend Payment	Payment In Advance
Currency Unit	TRY
Stock Dividend	Will Not Be Paid
The Reason For Applying A Lower Dividend Withholding Rate Than The Current Rate In Calculating Net Amount	-

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 (%)
ULKER, TREULKR00015	Payment In Advance	0,8087719	80,87719	15	0,6874561	68,74561

Amount and Rate of Cash Dividend Stock Dividend Payment

Share Group Info	Amount of Stock Dividend (TL)	Rate of Stock Dividend (%)
ULKER, TREULKR00015	0	0

Additional Explanations

In accordance with the Capital Markets legislation, Article 33 of the Company's Articles of Association and our Company's Profit Distribution Policy which was approved by the shareholders at the General Assembly dated 21 July 2020; taking into account the long-term strategies of our company, investment, cash and financing policies and the long-term interests of our company and our partners, We present the following matters for the approval of our shareholders in the first upcoming General Assembly (i) dividend distribution in cash by gross TRY 276,600,000 out of the distributable net profit for 2020 in accordance with the Profit Distribution Proposal Table attached, (i) transfer of TRY 25,950,000 to the restricted reserves, (ii) transfer of TRY 713,865,278 to the extraordinary reserves/previous year profits and (iii) authorization of the Board of Directors for determining the date of the dividend distribution.

Supplementary Documents

Appendix: 1	KAR DAGITIM TABLOSU_TR.pdf
Appendix: 2	KAR DAGITIM TABLOSU_EN.pdf

DIVIDEND DISTRIBUTION TABLE

ÜLKER BİSKÜVİ SANAYİ A.Ş. 01.01.2020/31.12.2020 Period Dividend Payment Table (TL)

1.Paid-In / Issued Capital	342.000.000
2. Total Legal Reserves (According to Legal Records)	147.920.090,82
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	1.263.287.870	686.293.073
4. Taxes Payable (-)	246.872.592	133.075.287
5. Net Current Period Profit	1.016.415.278	553.217.785
6. Losses in Previous Years (-)	0	0
7. Primary Legal Reserve (-)	0	0
8. Net Distributable Current Period Profit	1.016.415.278	553.217.785
Dividend Advance Distributed (-)	0	0
Dividend Advance Less Net Distributable Current Period Profit	1.016.415.278	553.217.785
9. Donations Made During The Year ( + )	28.816.571	0
10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated	1.045.231.849	0
11. First Dividend to Shareholders	276.600.000	0
* Cash	276.600.000	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	25.950.000	0
17. Statutory Reserves	0	0
18. Special Reserves	0	0
19. Extraordinary Reserves	713.865.278	250.667.785
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 (%)
- - -	235.110.000	0	23,13	0,687456	68,7456
TOTAL	235.110.000	0	23,13	0,687456	68,7456

Dividend Rate Table Explanations

In accordance with the Capital Markets legislation, Article 33 of the Company's Articles of Association and our Company's Profit Distribution Policy which was approved by the shareholders at the General Assembly dated 21 July 2020; taking into account the long-term strategies of our company, investment, cash and financing policies and the long-term interests of our company and our partners, We present the following matters for the approval of our shareholders in the first upcoming General Assembly (i) dividend distribution in cash by gross TRY 276,600,000 out of the distributable net profit for 2020 in accordance with the Profit Distribution Proposal Table attached, (i) transfer of TRY 25,950,000 to the restricted reserves, (ii) transfer of TRY 713,865,278 to the extraordinary reserves/previous year profits and (iii) authorization of the Board of Directors for determining the date of the dividend distribution.