Announcement Regarding Galata Wind’s Solar Investment in Italy

Further to our disclosure dated April 9, 2025, our 70% subsidiary Galata Wind announces the signing of the Share Purchase Agreement for the acquisition of shares in two Italy-based companies — Montescaglioso 1 S.r.l. (Palmori Project) and Ferrandina 14 S.r.l. (Troia Project). We are pleased to report that all conditions and closing requirements stipulated in the Agreement have now been fulfilled. The share transfer transactions have been successfully completed through Solevento Investments S.R.L., an Italian subsidiary of our wholly owned affiliate, Galata Wind Energy Global B.V.

The acquired companies hold construction-ready photovoltaic (PV) solar power projects located in the Puglia region of Italy, with a total installed capacity of 9 MW.
This investment marks an important step in achieving our international growth strategy, which targets the commissioning of 300 MW of capacity until 2027, in line with our vision of becoming a global renewable energy player.

With the completion of these acquisitions, our total targeted capacity in Europe has increased to 92 MW, consisting of 52 MW of solar PV and 40 MW of battery energy storage systems (BESS).

Respectfully announced to the public and our shareholders.

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