"Tekkehamam II Jeotermal Enerji Santrali Projesi" sona erdirildi.

The Agreement titled "Lease of Denizli Metropolitan Municipality Sarayköy Tekke Neighborhood Plot No. 32 (J-559/C) for the Purpose of Electricity Generation" (the "Agreement"), which was executed on 17 October 2016 between our Company and Denizli Metropolitan Municipality (the "Municipality") pursuant to the tender for the lease of geothermal fields organized by the Municipality on 21 September 2016 (the "Tender"), and subsequently assigned to our indirect subsidiary Zorlu Doğal Elektrik Üretimi A.Ş. on 14 February 2019, together with the related "Tekkehamam II Geothermal Power Plant Project", has been terminated. Our subsidiary, Zorlu Doğal Elektrik Üretimi A.Ş., has submitted an application to the Energy Market Regulatory Authority (EMRA) for the termination of the relevant Pre-License, and, concurrently, the process for the handover of the wells has been initiated. Furthermore, pursuant to a Decision of the General Directorate of Local Administrations of the Ministry of Environment, Urbanization and Climate Change published in the Official Gazette, Zorlu Doğal Elektrik Üretimi A.Ş. has been prohibited, for a period of one year, from participating in tenders to be organized by Denizli Metropolitan Municipality under the Public Procurement Law due to the Tekkehamam tender obtained from the Municipality. In light of the ongoing legal disputes with the Municipality arising from the termination of the Agreement and the uncertainties associated therewith, and in order to protect the interests of our Company and, consequently, our investors and to prevent investors from being misled, the Board of Directors resolved on 23 February 2026 to postpone the disclosure of the inside information relating to this process pursuant to Article 6 of the Communiqué on Material Events (II-15.1) until the status of the pre-licenses associated with the Tender became clear. On the other hand, taking into consideration both the ongoing legal disputes with the Municipality and the fact that the application for the termination of the Pre-License has not yet been finalized, legal action is planned to be initiated for the annulment of the Ministry's decision. Any material developments in this regard will be disclosed fully and in a timely manner.

We respectfully announce this to the public.