In accordance with the Capital Markets Board's Corporate Governance Communiqué No. II-17.1., the board of directors resolved that:

• The duties of the Nomination and Remuneration Committee shall be carried out by the Corporate Governance Committee as of the date hereof, with the Nomination and Remuneration Committee being dissolved, and the Working Principles of Koç Holding A.Ş. Corporate Governance Committee is revised accordingly.
• The Audit Committee shall be comprosed of 2 members; Mr. Ahmet Kırman shall be elected as the chair and Mr. Ömer Önhon shall be elected as member.
• The Corporate Governance Committee, which will carry out the duties of the Nomination and Remuneration Committee, shall be composed of 3 members; Mr. Ömer Önhon shall be elected as the chair and Mr. Yıldırım Ali Koç and Mr. Polat Şen shall be elected as members.
• The Risk Management Committee shall be composed of 2 members; Mr. Peter Martyr shall be elected as the chair and Ms. Caroline Nicole Koç shall be elected as member.
• The Executive Committee shall be composed of 5 members; the Committee shall elect a chair and a sufficient number of vice chairs among its members and Ms. Semahat Sevim Arsel, Mr. Mustafa Rahmi Koç, Mr. Ömer Koç, Mr. Yıldırım Ali Koç and Ms. İpek Kıraç shall be elected as members.

Up-to-date working principles of the committees established under the Corporate Governance Communiqué are disclosed to public on the company website. 

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