The Extraordinary General Assembly of Entek Elektrik Üretim A.Ş. (Entek), our subsidiary in which Tüpraş holds a 99.2% stake, resolved to increase Entek's issued share capital from TRY 2,065,000,000 to TRY 4,565,000,000 through a cash capital increase of TRY 2,500,000,000. The capital increase is intended to support the Entek's investment plans, meet its working capital requirements, and strengthen its financial structure.
Tüpraş exercised in full its pre-emptive rights arising from its existing shareholding in Entek and subscribed to the portion of the newly issued shares corresponding to the pre-emptive rights not exercised by minority shareholders. Accordingly, a cash payment of TRY 2,480,873,555.15 was made today in connection with the capital increase.
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.