Financial Fixed Asset Sale

During our Board Meeting dated 06.04.2018 and numbered 2018/14;

As a result of the negotiations held with Demirören Medya Yatırımları Ticaret A.Ş.;

- 97.723.878,03 shares (with the additional shares will be acquired as part of the Agreement) representing 93,0704% of the issued capital of Doğan Gazetecilik A.Ş., which we hold in the 105.000.000 shares representing the fully paid 105.000.000 Turkish Liras of issued capital of Doğan Gazetecilik A.Ş., our direct subsidiary, each with a nominal value of 1 Turkish Lira, each being bearer shares, and  dematerialized with the Merkezi Kayıt Kuruluşu A.Ş. (Central Registry Agency), and

- 428.732.788,05 shares (with the additional shares will be acquired as part of the Agreement) representing 77,6690% of the issued capital of Hürriyet Gazetecilik ve Matbaacılık A.Ş., which we hold in the 552.000.000 shares representing the fully paid 552.000.000 Turkish Liras of issued capital of Hürriyet Gazetecilik ve Matbaacılık A.Ş., our direct subsidiary, each with a nominal value of 1 Turkish Lira, each being bearer shares, and  dematerialized with the Merkezi Kayıt Kuruluşu A.Ş. (Central Registry Agency), and

- 2.080.593.391 shares (with the additional shares will be acquired as part of the Agreement) representing 100,00% of the issued capital of Doğan TV Holding A.Ş., which we hold in the 2.080.593.391 shares representing the fully paid 2.080.593.391 Turkish Liras of issued capital of Doğan TV Holding A.Ş, our direct subsidiary, each with a nominal value of 1 Turkish Lira, each being registered shares with share certificates,

- 1.179.978.707 shares representing 99,9982% of the issued capital of Doğan Haber Ajansı A.Ş., which we hold in the 1.180.000.000 shares representing the fully paid 11.800.000 Turkish Liras of issued capital of Doğan Haber Ajansı A.Ş., our direct subsidiary, each with a nominal value of 1 Kuruş, each being registered shares with share certificates,

- 15.000.000 shares representing 100,00% of the issued capital of Doğan Dağıtım Satış Pazarlama Matbaacılık Ödeme Aracılık ve Tahsilat Sistemleri A.Ş., which we hold in the 15.000.000 shares representing the fully paid 15.000.000 Turkish Liras of issued capital of Doğan Dağıtım Satış Pazarlama Matbaacılık Ödeme Aracılık ve Tahsilat Sistemleri A.Ş., our direct subsidiary, each with a nominal value of 1 Turkish Lira, each being registered shares with share certificates,

- 4.400.000 shares (with the additional shares will be acquired as part of the Agreement) representing 100,00% of the issued capital of Doğan İnternet Yayıncılığı ve Yatırım A.Ş., which we hold in the 4.400.000 shares representing the fully paid 4.400.000 Turkish Liras of issued capital of Doğan İnternet Yayıncılığı ve Yatırım A.Ş., our direct subsidiary, each with a nominal value of 1 Turkish Lira, each being registered shares with share certificates,

- 55.851.651 shares representing 57,5790% of the issued capital of Doğan Media International GmbH, which we hold in the 97.000.000 shares representing the fully paid 97.000.000 Euro of issued capital of Doğan Media International GmbH, our direct subsidiary, each with a nominal value of 1 Euro,

- 5.049.342 “direct” shares representing 1,1476% of the issued capital of Mozaik İletişim Hizmetleri A.Ş., which we hold in the 440.000.000 shares representing the fully paid 440.000.000 Turkish Liras of issued capital of Mozaik İletişim Hizmetleri A.Ş., our indirect subsidiary, each with a nominal value of 1 Turkish Lira, each being registered shares with share certificates,

are to be sold in cash and in a single payment for 916.000.000 US Dollars selling price (“Selling Price”), with a breakdown of:

- 132.000.000 US Dollars for all our shares in Doğan Gazetecilik A.Ş., and

- 155.000.000 US Dollars for all our shares in Hürriyet Gazetecilik ve Matbaacılık A.Ş., and

- 599.674,050,30 US Dollars for all our shares in Doğan TV Holding A.Ş., and

- 5.000.000,00 US Dollars for all our shares in Doğan Haber Ajansı A.Ş., and

- 7.000.000,00 US Dollars for all our shares in Doğan Dağıtım Satış Pazarlama Matbaacılık Ödeme Aracılık ve Tahsilat Sistemleri A.Ş., and

- 12.751.210,73 US Dollars for all our shares in Doğan İnternet Yayıncılığı ve Yatırım A.Ş., and

- 4.042,004,10 US Dollars for all our shares in Doğan Media International GmbH, and

- 532.734,87 US Dollars for all our shares in Mozaik İletişim Hizmetleri A.Ş.

with this purpose, the Share Selling Agreement (“Agreement”) is to be signed; down payment of 50.000.000 (fifty million) US Dollars paid to our Company earlier is to be deducted from the Selling Price; and simultaneously with the Agreement being signed, the 228.000.000 (two hundred twenty eight million) US Dollar portion of the Selling Price shall be paid in cash, 26.000.000 (twenty six million) USD portion shall be paid upon the delivery to Demirören Medya Yatırımları Ticaret A.Ş.  of the 138.999.811 share certificates which are with Doğan TV Holding A.Ş, which belong to Commerz Film GmbH, which represent 6.68% of the Doğan TV Holding A.Ş. capital, and which do not provide additional control, and the balance, which is the remaining 612.000.000 (six hundred twelve million) US Dollars shall be paid to our Company in cash and/or single payment, by releasing the blockage once the “Closing” conditions are met; and provided that the required legal permits are obtained from the relevant official authorities, and that all the Preliminary Conditions related with the Closing stipulated in the Agreement are fulfilled, all shares being sold and transferred to Demirören Medya Yatırımları Ticaret A.Ş.  within the scope of the Agreement shall be approved; and it shall be acknowledged that the share selling and transfer transaction will be legally valid only in this manner;  

In addition, it has been agreed upon, with regards to sale and transfer of the royalty rights of “Radyo D” and “CNN Türk Radyo”, which broadcast at frequencies 104.0 and 92.5, respectively, to grant a call option to Demirören Medya Yatırımları Ticaret A.Ş. and a put option to our Company for 3.000.000 (three million) US Dollars.

As the ratio between the total amount of the above detailed “Financial Fixed Assets” sales and transfer of 916.000.000 US Dollars (3.712.273.200 Turkish Liras as per the 4,0527 USD/TRY FX Buying Rate of the Central Bank of the Turkish Republic at 15:30 hours on April 6, 2018 as an indicator) to our Company value (2.327.412.985,21 Turkish Liras), calculated taking as the basis the arithmetic mean of the daily adjusted weighted average prices for the six months before April 6, 2018, which is the Date of the Board of Directors’ Resolution for the selling and transfer transactions for the above mentioned “Financial Fixed Assets” is more than 50%; as stipulated in the provisions of subsection (b) of the 1st paragraph of Article 6, “Significance Criterion” of the II-23.1 “Communiqué on Common Principles Regarding Significant Transactions and the Exit Right” Decree of the Capital Markets Board (Capital Markets Board Decree II-23.1); the abovementioned “Financial Fixed Assets” selling and transfer transactions are assessed together as a whole as “significant transactions” within the scope of the Capital Markets Board Decree II-23.1. Therefore, the abovementioned “Financial Fixed Assets” selling and transfer transactions described as “significant transactions” within the scope of the Capital Markets Board Legislation shall also be submitted for the approval of the shareholders in our general assembly to be held, for the attendance of all our shareholders, at the earliest date.

On the other hand, in the list of Companies provided below, which operate in the publishing and broadcasting media segments of our Company, the relevant efforts will be initiated to take over the company shares by our Company that our Company holds through our direct and indirect subsidiaries, until the “Closing” within the scope of the abovementioned Share Selling agreement, and as set forth in the Share Selling Agreement. Accordingly, to initiate the efforts to transfer the below mentioned shares to our Company and to our Company’s direct and indirect subsidiaries and to authorize the management in this regard:

-  by our direct subsidiary Doğan Gazetecilik A.Ş, the 20.000.000 shares of Öncü Girişim Sermayesi Yatırım Ortaklığı A.Ş., representing 25,00% of the issued capital of Öncü Girişim Sermayesi Yatırım Ortaklığı A.Ş.,

- by our direct subsidiary Hürriyet Gazetecilik ve Matbaacılık A.Ş., the 2.044.076 shares of Doruk Faktoring A.Ş., representing 5,11% of the issued capital of Doruk Faktoring A.Ş.,

-  by our direct subsidiary Doğan Gazetecilik A.Ş., the 164 shares of Doruk Faktoring A.Ş., representing 0,00041% of the issued capital of Doruk Faktoring A.Ş.,

- by our direct subsidiary Doğan Dağıtım Satış Pazarlama Matbaacılık Ödeme Aracılık ve Tahsilat Sistemleri A.Ş., the 50 shares in Doruk Faktoring A.Ş., representing 0,000125% of the issued capital of Doruk Faktoring A.Ş.,

- by our direct subsidiary Doğan Dağıtım Satış Pazarlama Matbaacılık Ödeme Aracılık ve Tahsilat Sistemleri A.Ş., the 7.840 shares of Dergi Pazarlama Planlama ve Ticaret A.Ş., representing 56,00% of the issued capital of Dergi Pazarlama Planlama ve Ticaret A.Ş.,

- by our direct subsidiary Doğan TV Holding A.Ş., the 13.619.837 shares of Doğan Müzik Yapım ve Ticaret A.Ş, representing 100% of the issued capital of Doğan Müzik Yapım ve Ticaret A.Ş,

- by our direct subsidiary Doğan TV Holding A.Ş., the 4.061.416 shares of Doğan Media International S.A., representing 99,99% of the issued capital of Doğan Media International S.A.,

- by our direct subsidiary Doğan TV Holding A.Ş., the 1.880.000 shares of Rapsodi Radyo ve Televizyon Yayıncılık A.Ş., representing 100,00% of the issued capital of Rapsodi Radyo ve Televizyon Yayıncılık A.Ş.,

- by our indirect subsidiary DTV Haber ve Görsel Yayıncılık A.Ş., the 3.564.750 shares of Blu TV İletişim ve Digital Yayın Hizmetleri A.Ş., representing 49,00% of the issued capital of Blu TV İletişim ve Digital Yayın Hizmetleri A.Ş.,

- by our indirect subsidiary Mozaik İletişim Hizmetleri A.Ş., the 3.710.250 shares of Blu TV İletişim ve Digital Yayın Hizmetleri A.Ş., representing 51,00% of the issued capital of Blu TV İletişim ve Digital Yayın Hizmetleri A.Ş.,

- by our direct subsidiary Hürriyet Gazetecilik ve Matbaacılık A.Ş., the 10.274.042,93 shares of Glokal Dijital Hizmetler Pazarlama ve Ticaret A.Ş., representing 92,00% of the issued capital of Glokal Dijital Hizmetler Pazarlama ve Ticaret A.Ş.,

- by our direct subsidiary Doğan TV Holding A.Ş., the 525.389.566 shares of D Yapım Reklamcılık ve Dağıtım A.Ş., representing 100% of the issued capital of D Yapım Reklamcılık ve Dağıtım A.Ş.

Financial Fixed Asset Sale

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