Increase in the Share Capital

None.

Annual General Assembly Held within the Period

The Company’s 2018 Annual General Assembly has been held at the address of İş Kuleleri, 34330, İş Bankası Oditoryum Binası, 4. Levent – İstanbul on 25 March 2019. Ordinary General Assembly Meeting of 2018 was held with the presence of the shareholders representing 600,000,000 Group A and 41,821,944,863 Group B shares from 69,530,264,500 shares corresponding to the Company’s total equity of TL 695,302,645. In the meeting, the motions filed by the shareholders with respect to the agenda topics have been approved in unanimity.

Profit Distribution

Based on the Board of Directors decision no. 2636 dated 20 February 2019, it has been decided that, according to the Profit Distribution Table submitted to, and approved by, the General Assembly of Shareholders, that TL 154,103 thousand, which is the net distributable profit for the period which is calculated as TL 197,537 thousand that is the net profit for the period arising according to the CMB legislation and forming the basis of profit distribution less prior year losses in the amount of TL 40,085 thousand less 3,349 thousand TL first legal reserves set aside as first legal reserves and calculated according to the TL 82,524 thousand profit that descends in the Company’s legal records, be retained and set aside as extraordinary reserves. It has also been decided that deferred tax expenses in the amount of TL 4,091 thousand included in the net profit for the period according to the Company’s legal records be set off from the deferred tax provisions, which consists of the Company’s deferred tax income from prior years and which were retained, and be transferred to extraordinary reserves.

Changes in Articles of Association

During the period from 01 January 2019 and 31 December 2019, “Article 4 – Capital and Type of Shares” of the Company’s Articles of Association has been modified based on the CMB permission no. 29833736-110.03.03-E.2795 dated 20 February 2019 and the T.R. Ministry of Trade, Directorate General of Domestic Trade permission no. 50035491-431.02-E-00042542432 dated 13 March 2019; the modified text has been approved at the 2018 Ordinary General Assembly Meeting and the amendment to the Articles of Association has been registered on 19 April 2019.