As previously announced to the public, a preliminary protocol was signed between our subsidiary Alarko Enerji A.Ş. ("Alarko Enerji") and Cengiz Enerji Sanayii ve Ticaret Anonim Şirketi ("Cengiz Enerji") for the purpose of creating a structure where Cenal Karabiga Thermal Power Plant, which is under the control of our joint venture Alcen Enerji Dağıtım ve Perakende Satış Hizmetleri Anonim Şirketi ("Alcen") subject to the joint management of Alarko Enerji and Cengiz Enerji, shall be under the responsibility of Cengiz Enerji; and all of the shares of the companies operating in electricity distribution (MEDAŞ), electricity sales (MEPAŞ and MESAŞ) and other related fields under the control of Alcen shall be under the responsibility of Alarko Enerji, and an application for approval was filed with the Competition Authority for the purpose of carrying out the said transactions.
At the meeting of the Competition Board dated 07.05.2026, it has been decided to grant permission to the transaction subject to the notification.
This is hereby announced to the public.
The English translation of this disclosure is attached hereto. In case of any discrepancy between the Turkish and English versions, the Turkish version shall prevail.