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With the Capital Markets Board's letter dated 03.07.2024 and numbered E-12233903-340.03-56258, our application for the elimination of the inconsistency in the portfolio limitations that will arise in the financial statements for the accounting period 01.01.2023-31.12.2023 and the interim accounting period 01.01.2024-31.03.2024 and to comply with the aforementioned provisions of the Communiqué on Principles Regarding Real Estate Investment Trusts numbered III-48. 1 numbered Communiqué on Principles Regarding Real Estate Investment Trusts ("Communiqué") dated 28.06.2024 and numbered 34/926; The provision in sub paragraph (b) of the first paragraph of Article 24 of the Communiqué stating that "a maximum of 10% of the total assets can be invested in time deposits or participation accounts in Turkish Lira, time and demand deposits in foreign currencies, or special current and participation accounts for investment purposes" and the provision in sub paragraph (l) of the first paragraph of Article 22 of the Communiqué stating that "no company may hold more than 5% of the capital or voting rights and the total amount of investments in money and capital market instruments belonging to a single issuer may not exceed 5% of the total assets", which emerged in the financial statements of our Company for the accounting period 01.01.2023-31.12.2023 and continued in the financial statements for the interim accounting period 01.01.2024-31.03.2024. Within the scope of the first paragraph of Article 96 of the Capital Markets Law No. 6362, it has been decided to give our Company a deadline until 30.06.2024 in order to eliminate the contradictions with the provision in sub paragraph (l) of the first paragraph of Article 22 of the Communiqué stating that "no company may hold more than 5% of the capital or voting rights in any company and the total of money and capital market instruments investments of a single issuer may not exceed 10% of the total assets" and to comply with the aforementioned provisions of the Communiqué.
This is the translation of the Turkish disclosure made through the Public Disclosure Platform. In accordance with CMB legislation, in case of any difference between the Turkish
and English versions of this disclosure, the Turkish version shall prevail.
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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.
