ENKA İNŞAAT VE SANAYİ A.Ş.

On September 20, 2021, we announced in a special condition disclosure that the contract regarding the Namakhvani Cascade HEPP Project in Georgia was terminated by our company's subsidiary ENKA Renewables LLC. The ongoing international arbitration process regarding the termination has been completed and it has been decided that our subsidiary has terminated the contract rightfully, and the Government of Georgia has been ordered to pay approximately 383.2 million USD in compensation including the interest to our subsidiary. When the compensation amount is collected, it will be disclosed to our investors with a special condition disclosure.

(Translation into English is just for informational purposes. In case of a discrepancy between the Turkish and the English versions, the Turkish version shall prevail.)