In connection with our previous disclosures regarding the mandatory tender offer for the shares of Peker Gayrimenkul Yatırım Ortaklığı A.Ş. ("Peker GYO") to be conducted by Tera Yatırım Holding A.Ş., for which our Company acts as the intermediary, the information communicated to our Company by Tera Yatırım Holding A.Ş. is hereby disclosed to the public as follows.
Tera Yatırım Holding A.Ş. has informed our Company that, following an assessment of the downward price movements observed on Borsa İstanbul, the contraction in market liquidity, the intensified position liquidations, and the market-wide effects of defaults experienced by certain portfolio management companies in meeting redemption payment obligations relating to certain investment funds, the mandatory tender offer process, which was scheduled to take place between 16 September 2026 and 29 September 2026, has been postponed due to these extraordinary market conditions.
Tera Yatırım Holding A.Ş. has further informed our Company that objections will be submitted to the Capital Markets Board of Türkiye (the "Board") on the grounds that the share purchase transaction carried out by Tera Portfolio Third Equity Hedge Fund (TL) (Equity Intensive Fund), which was taken into consideration in determining the mandatory tender offer price, was executed by a fund not managed by Tera Yatırım Holding A.Ş. and, therefore, that such transaction should not be attributed to the Holding or taken into account in determining the mandatory tender offer price.
Accordingly, an application will be submitted to the Board on 17 September 2026, requesting that the tender offer timetable be rescheduled due to the extraordinary market conditions and that the tender offer price be reassessed in light of the objections set forth above.
The postponement referred to above is based on the notification communicated to our Company by Tera Yatırım Holding A.Ş. and, as of this date, no approval for such postponement has been granted by the Board. The Board's decision regarding the application, the revised tender offer timetable and any other developments concerning the process will be disclosed to the public separately.
Respectfully submitted for the information of the general public and investors.
In case of any discrepancy between the Turkish and English versions of this disclosure, the Turkish version shall prevail.