In respect of the fifth agenda item, it was noted that the "Pegasus Dividend Policy", had been submitted for the information of the shareholders. It was further noted that according to the dividend distribution chart submitted to the attention of the shareholders by the resolution of the Board of Directors dated March 13, 2020 and numbered 680, according to the Company accounts based on Turkish Financial Reporting Standards and based on statutory records prepared in accordance with the Turkish Tax Procedure Law No. 213, and considering the Company's growth strategy and its aim for creating long-term shareholder value, the Board of Directors proposed the allocation of the Company's net distributable profit for 2019, in accordance with the law, Article 21 of the Company Articles of Association and Pegasus Dividend Policy, as extraordinary reserves with the purpose of strengthening liquidity and creating additional resource for growth in operations. There were no further comments. The proposal of the Board of Directors for the allocation of the entire profit for the year 2019 as extraordinary reserves, in line with the Company’s Articles of Association and the “Pegasus Dividend Policy” was approved by the majority of the shareholders attending the Meeting, with TL 71,263,631 shares voting in favor and TL 1,342 shares voting against.