Increase in the Share Capital

None.

Annual General Assembly Held within the Period

The Company’s 2019 Annual General Assembly has been held at the address of İş Kuleleri, 34330, İş Bankası Oditoryum Binası, 4. Levent - İstanbul on 24 March 2020. Ordinary General Assembly Meeting of 2019 was held with the presence of the shareholders representing 600,000,000 Group A and 41,759,062,570 Group B shares from 68,930,264,500 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. 2727 dated 19 February 2020, it has been decided that, according to the Profit Distribution Table submitted to, and approved by, the General Assembly of Shareholders, that TL 54,627 thousand, which is the net distributable profit for the period which is calculated as TL 84,292 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 24,537 thousand less TL 5,128 thousand first legal reserves set aside as first legal reserves and calculated according to the TL 102,557 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 1,552 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

None.