YÜKSELEN ÇELİK A.Ş.

Share Issue/Capital Change • Nov 23, 2020

Summary Info	Board of Directors Resolution on Bonus Issue
Update Notification Flag	No
Correction Notification Flag	No
Postponed Notification Flag	No

Board Decision Date	23.11.2020
Authorized Capital (TL)	152.500.000
Paid-in Capital (TL)	86.620.000
Target Capital (TL)	130.000.000

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
A Grubu, İşlem Görmüyor, TREYUKC00010	33.550.000	16.802.113,000	50,08081			A Grubu	A Grubu, İşlem Görmüyor, TREYUKC00010	Registered
B Grubu, YKSLN, TREYUKC00028	53.070.000	26.577.887,000	50,08081			B Grubu	B Grubu, YKSLN, TREYUKC00028	Bearer

	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	86.620.000	43.380.000,000	50,08081

Details of Internal Resources :

Premium on Issued Shares (TL)	8.745.644,42
Previous Years'' Profits (TL)	21.811.459,73
Special Funds (TL)	12.822.895,85

Other Aspects To Be Notified

Number of Articles of Association Item To Be Amended	6
Capital Market Board Application Date Regarding Articles of Association	23.11.2020
Capital Market Board Application Date	23.11.2020
Property of Increased Capital Shares	Dematerialized Share

Additional Explanations

Our Company's Board of Directors resolved on 23.11.2020 to increase its paid-in capital to TRY 130,000,000 by making a 50% bonus issue.

Within the Company's Registered Capital Ceiling of TRY 152,500,000, the Board of Directors decided today (23.11.2020):

to increase our Company's paid-in capital from TRY 86,620,000 to TRY 130,000,000 by adding TRY 43,380,000 from which TRY 8,745,644.42 consists of Premiums on Stock Issue; TRY 12,822,895.85 consists of Special Funds and TRY 21,811,459.73 consists of Retained Earnings,

to distribute the increased capital amounting TRY 43,380,000.00 to all shareholders in proportion to their shares,

to amend the Article 6 of the Articles of Association titled "Type and Transfer of Capital and Shares" pertaining to the capital increase,

to apply to the Capital Markets Board of Turkey ("CMB") for the purpose of receiving the necessary permissions regarding the amendment of the Articles of Association and the capital increase.

Within this context, an application is being made to the Capital Markets Board on 23.11.2020.

Disclaimer Notice: 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	Yükselen Çelik A.Ş. Tadil Tasarısı.pdf