Regarding the Purchase of Doku Madencilik Shares.

Evet (Yes)

Hayır (No)

05.06.2024

Hayır (No)

06/08/2024

Yes

Doku Madencilik ve Ticaret A.Ş.

Mining.

3,465,000 TL

Satın Alma (Purchase)

The completion of the transaction is subject to obtaining all necessary legal approvals from official institutions and fulfilling all closing procedures and conditions specified in the contracts. An additional public announcement will be made on the `Closing? date when the sale and transfer legally take place.

Peşin (Cash)

None

2,598,750 TL

5.1948 USD

13,500,000 USD

% 75

% 75

% 75

% 0.43

% 0.86

It is anticipated that there will be a positive impact on our company?s revenue and profitability.

Hayır (No)

Hayır (No)

Kurmel Holding A.Ş. (% 50 stake), Ortadoğu Otomotiv Ticaret A.Ş. (% 25 stake)

Hayır (No)

Ortadoğu Otomotiv Ticaret A.Ş., from which % 25 stake to be transferred is a related party to our Company.

06/08/2024

"Bargaining method" was used

Düzenlenmedi (Not Prepared)

A valuation report was not prepared as the ?Bargaining method? was used.

None.

None.

None.

None.

Our Company has entered into a ‘Share Transfer Agreement' dated 06.08.2024 with the following companies for the acquisition of shares in Doku Madencilik ve Ticaret A.Ş. (Gümüştaş Madencilik) representing 3,465,000 TL total nominal valued shares of its capital;

- 1,732,500 TL nominal valued 50 % of shares for 9,000,000 US Dollars (5.1948 US Dollars per share) from Kurmel Holding A.Ş. and

- 866,250 TL nominal valued 25 % of shares for 4,500,000 US Dollars (5.1948 US Dollars per share) from Ortadoğu Otomotiv Ticaret A.Ş.

This totals to a 2,598,750 TL nominal valued 75 % of shares, which will be acquired for a total of 13,500,000 US Dollars, subject to negotiations and certain adjustments.  

The completion of the transaction is targeted upon the fulfillment of all closing conditions, including but not limited to the approval of the Competition Authority.

Respectfully announced to our shareholders and the public.