AKFEN YENİLENEBİLİR ENERJİ A.Ş.

Regarding the allocated capital increase within the registered capital ceiling of our company, which is 20,000,000,000 TL, the issued capital of 1,016,031,947 TL has been increased by 180,930,499 TL to 1,196,962,446 TL. This increase was conducted by completely restricting the pre-emptive rights of the existing shareholders and raising the capital in cash, without any reservation or collusion. The shares with a nominal value of 180,930,499 TL were issued and allocated for sale to Akfen International Holding B.V. (Akfen International) on November 28, 2024, at a share price of 17.41 TL, as determined under the framework of Borsa Istanbul A.Ş.'s "Procedure for Wholesale Transactions," generating a total sales value of 3,150,000,000 TL. Accordingly, our company's issued capital has been raised to 1,196,962,446 TL.

In exchange for the newly issued B group, bearer, and publicly traded shares representing the increased capital of 180,930,499 TL, a capital inflow of 3,150,000,000 TL (to be used in financing our total 188 MW solar and wind power plant investments, all of which have started and some of which will be operational by the end of this year) was achieved by offsetting Akfen International's outstanding cash receivables from our company,

During the Board of Directors meeting held on November 28, 2024, it was resolved to declare the completion of the issuance of the 180,930,499 TL nominal value shares allocated as part of the capital increase in accordance with the relevant regulations, to confirm that the payments for these shares have been fully made in cash and to apply to the Capital Markets Board (CMB) to approve the new form of Article 6, titled "Company Capital," of our Articles of Association, in line with the completion of the capital increase process under the provisions of Capital Markets Law No. 6362 and the relevant legislation.

The CMB application concerning this matter has been submitted today (November 28, 2024).

Respectfully disclosed to the public and our investors.

This statement has been translated into English for informational purposes. In the event of any discrepancy between the Turkish and English versions of this disclosure statement, the Turkish version shall prevail.