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This is the disclosure made pursuant to the "Communiqué on Principles Regarding Financial Reporting in Capital Markets" (II-14.1) published by the Capital Markets Board. Article 12/A of the Communiqué on Principles Regarding Financial Reporting in Capital Markets (II-14.1) published by the Capital Markets Board, titled "Procedure in the Notification of Financial Reports", states that "It is essential for the entities that are subsidiaries, joint ventures or associates to notify their financial reports at the same time or earlier with their parent company, joint venture or investor company, provided that they remain within the periods specified in this Communiqué. Within the framework of the regulations of the Capital Markets Board, our Company is obliged to apply inflation accounting in accordance with the provisions of TAS 29 starting from the financial reports dated 31.12.2023. In the decision of the Banking Regulation and Supervision Agency (BRSA) dated 12.12.2023 and numbered 10744, it has been decided that the financial statements of banks as of 31.12.2023 will not be subject to inflation accounting. In accordance with the aforementioned decision, our Company's controlling shareholder Türkiye Vakıflar Bankası T.A.O. is not obliged to subject its financial statements dated 31.12.2023 to inflation accounting in accordance with the provisions of TAS 29. Pursuant to the Capital Markets Board's Resolution No. 6/137 dated 25.01.2024, additional time has been granted for the disclosure of financial data for the organizations including our Company in the Board Decision and an exception has been introduced for the disclosure of financial reports after the Parent Company. Our Company's consolidation package data used in the preparation of the independently audited consolidated financial report of Türkiye Vakıflar Bankası TAO, the controlling shareholder of our Company, dated 31.12.2023, which was announced on the Public Disclosure Platform and the Bank's website (www.vakifbank.com.tr) on 16.02.2024, and in the footnotes of the report. 089,203 thousand TL total assets, 9,283,512 thousand TL total equity, 6,608,963 thousand TL total fixed assets, 354,875 thousand TL interest income, 3,903,981 thousand TL profit for the current period, 2,332,117 thousand TL profit for the previous period, which were announced on the Public Disclosure Platform and the Bank's website () on 31.12.2023. Our Company's financial data will be subjected to inflation accounting application in accordance with the provisions of TAS 29 within the given additional period and will be disclosed to the public after independent audit. It is expected that there will be a difference between our Company's financial data included in the financial statements of our Company's controlling shareholder Türkiye Vakıflar Bankası T.A.O. dated 31.12.2023 and our financial data to be announced by our Company due to inflation accounting adjustment. This disclosure has been made pursuant to the Capital Markets Board's decision dated 25.01.2024 and numbered 6/137 announced with the bulletin dated 25.01.2024 and numbered 2024/6, and we hereby declare that the responsibility arising from the information contained in the disclosure is accepted. Regards, VAKIF GAYRİMENKUL YATIRIM ORTAKLIĞI AŞ Onur İNCEHASAN Mustafa ŞENGÜL In accordance with the Turkish capital markets regulations, in case of any discrepency between the Turkish and English versions of disclosures, the Turkish language version which is published on the Public Disclosure Platform (KAP) shall prevail |
We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.