Announcement Regarding the Sale of Milpa A.Ş.


In our previous public disclosure dated August 17, 2023, we had announced that a decision had been taken for the sale of our 82.29% stake, 171,161,612.438 nominal shares, in Milpa Ticari ve Sınai Ürünler Pazarlama Sanayi ve Ticaret A.Ş's paid-in capital of TRY 208,000,000 for a total consideration of USD 55,000,000, subject to adjustments at the closing, to Re-Pie Portföy Yönetimi A.Ş. Secondary Girişim Sermayesi Yatırım Fonu (Venture Capital Fund) ("Buyer"), which was founded by Re-Pie Portföy Yönetimi A.Ş. with whom our Company has no relationship in terms of management, audit or capital from the perspective of Capital Market Legislation. We had further shared that as per the related decision, a sales agreement had been signed between our Company and the Buyer, and pre- payment of USD 7,500,000 had been made to our Company's accounts.

Regarding the sale and transfer of our Company's 82.29% stake in Milpa A.Ş.'s paid-in capital and voting rights, the Buyer has transferred USD 47,180,907 (TRY 1.283.792.477,57) to our Company's accounts in addition to the pre-payment of USD 7,500,000 (TRY 195,750,000.00). Accordingly, the transaction has been closed for a total of USD 54.680.907 (TRY 1.479.542.477,57) on August 22, 2023

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