A non-binding Memorandum of Understanding has been signed to express the understanding of the parties with the purpose of conducting the activities of Sendeo Dağıtım Hizmetleri A.Ş. ("Sendeo"), in which Koç Holding and Aygaz collectively own all shares, and Ekol Ekspres Kargo A.Ş. ("Kolay Gelsin"), which is wholly owned by Ahmet Musul, under the "Kolay Gelsin" brand with the principle of equal partnership of Sendeo shareholders and Ahmet Musul.

Following the legal, financial, and tax due diligences to be conducted by the parties, if binding agreements are signed, the transaction is aimed to be closed within the first half of 2024. The closing is subject to the conditions precedent including but not limited to obtain necessary approvals from and make notifications to the Competition Authority, Information Technologies and Communications Authority, and the Ministry of Transport and Infrastructure of the Republic of Türkiye.

During the process, in addition to the binding agreements regarding the transaction, it is envisaged that a separate shareholders' agreement will be signed to govern the management of the partnership to be established and the rights and obligations of the shareholders, as well as non-competition principles, exit, and pre-emptive rights.

Significant developments regarding the subject will be shared with our investors.