DIVIDEND DISTRIBUTION

At the meeting of Ordinary General Assembly Meeting that was held on March 25th, 2020, Board of Directors' proposal concerning the distribution of 2019 operating profits were approved exactly as it was. The proposal suggests; not distributing dividends in accordance with the current strategies of the Company due to the general economic conjuncture and Company’s financing policy, aiming to optimize the cash flows of the Company and transferring the remaining amounts from the profits prepared according to the Tax Procedure Law and the CMB regulations to extraordinary reserves and retained earnings respectively, after the allocation of the primary legal reserve pursuant to the regulation from the profits prepared according to the Tax Procedure Law and the CMB regulations.

At the meeting of Ordinary General Assembly Meeting that was held on March 26th, 2019, Board of Directors' proposal concerning the distribution of 2018 operating profits were approved exactly as it was. The proposal suggests; not distributing dividends due to the general economic conjuncture, aiming to optimize the financing expenses and cash flows of the Company and transferring the remaining amounts from the profits prepared according to the Tax Procedure Law and the CMB regulations to extraordinary reserves and retained earnings respectively, after the allocation of the primary legal reserve pursuant to the regulation from the profits prepared according to the Tax Procedure Law and the CMB regulations.

In accordance with the decision of General Assembly Meeting dated 21.03.2018; cash dividend payment process, regarding distribution of TL 0,075 for 1 TL nominal value share, started on March 27th, 2018 and ended on March 29th, 2018.

In accordance with the decision of General Assembly Meeting dated 23.03.2017; cash dividend payment process, regarding distribution of TL 0,075 for 1 TL nominal value share, started on March 28th, 2017 and ended on March 30th, 2017.

In accordance with the decision of General Assembly Meeting dated 24.03.2016; cash dividend payment process, regarding distribution of TL 0,07 for 1 TL nominal value share, started on March 28th, 2016 and ended on March 30th, 2016.

In accordance with the decision of General Assembly Meeting dated 23.03.2015; cash dividend payment process, regarding distribution of TL 0,07 for 1 TL nominal value share, started on March 25th, 2015 and ended on March 27th, 2015.

In accordance with the decision of General Assembly Meeting dated 21.03.2014; cash dividend payment process, regarding distribution of TL 0,05 for 1 TL nominal value share, started on March 25th, 2014 and ended on March 27th, 2014.

At the meeting of Ordinary General Meeting of Shareholders that was held on March 26th, 2013, the proposal concerning the distribution of profit for year 2012, corresponding %5 of our issued capital amounting TRY 600.000.000, as cash (gross=net) to our shareholders was approved. The dividend distribution process has started on March 28th, 2013 and ended on April 1st, 2013.

At the meeting of Ordinary General Meeting of Shareholders that was held on March 28th, 2012, the proposal concerning the distribution of profit for year 2011, corresponding %5 of our issued capital amounting TRY 600.000.000, as cash (gross=net) to our shareholders was approved. The dividend distribution process has started on March 29th, 2012 and ended on April 2nd, 2012.

At the meeting of Ordinary General Meeting of Shareholders that was held on 25th March 2011, the proposal concerning the distribution of profit for year 2010, %5 of our issued capital 450.000.000.-TL, to our shareholders as cash (gross=net) was approved and the dividend distribution has started on March 28th, 2011 and ended on March 30th, 2011.

At the meeting of Ordinary General Meeting of Shareholders that was held on 26th March 2010, the proposal concerning the distribution of profit for year 2009, %5 of our issued capital 450.000.000.-TL to our shareholders as cash (gross=net) was approved and the dividend distribution started on March 29th, 2010 and ended on March 31st, 2010.

The Company's net income for the period as of December 31, 2008; is TRY 53.095.234,00 in the financial statements prepared in accordance with the Capital Market Board's "Communiqué Serial XI No:29 on Principles Regarding Financial Reporting in Capital Markets" and is TRY 54.958.834,09 in the legal records maintained in accordance with Tax Procedures Law. In accordance with CMB Regulations and Company's Dividend Policy, the decision of Board of Directors dated February 27th, 2009 concerning the distribution of first shareholders' dividend (%5) which is TRY 22.500.000,00 to shareholders as cash, has been presented to the approval of the General Assembly of the shareholders dated March 27, 2009 and the proposal has beeen accepted in the same meeting. The dividend distribution started on March 30th, 2009 and ended on April 2nd, 2009.

The Company's net income for the period as of December 31, 2007, is 54.942.236,00 TRY in the financial statements prepared in accordance with the Capital Market Board Communiqué No:XI/25 'Communiqué on Capital Market Accounting Standards' and is 56.130.799,84 TRY in the legal records maintained in accordance with Tax Procedures Law. In accordance with CMB Regulations and Company's Dividend Policy, the decision of Board of Directors dated February 29th, 2008 concerning the distribution of first shareholders' dividend (%5) which is 22.500.000,00 TRY to shareholders as cash, has been presented to the approval of the General Assembly of the shareholders dated March 25, 2008 and the proposal has beeen accepted in the same meeting.