Statement of Responsibility by Article 9 of the Communiqué  on Principles Regarding Financial  Reporting in Capital

Markets (II-14.1);

THE BOARD OF DIRECTOR'S APPROVAL OF THE FINANCIAL STATEMENTS

DECISION DATE: 28/04/2023

DECISION NO: 2023/72

OUR DECLARATION UNDER ARTICLE 9 OF THE COMMUNIQUÉ NUMBERED II-14.1 OF THE CAPITAL MARKET BOARD

We hereby declare the following;

a) We have examined the Financial Statements and the Annual Report of the Board of Directors for the activity periodending on 31.03.2023, prepared in accordance with the Communiqué No. II-14.1 published by the Capital Markets Board,

b) Within the framework of the information we have within the scope of our duties and responsibilities at the Company, the Financial Statements and the Annual Report of the Board of Directors do not contain any misrepresentation of the facts on important issues or any omissions that may be misleading as of the date of the disclosure, Representation Letter

c) To the best of our knowledge within the scope of our  duties and responsibilities at the Company, the Financial Statements prepared  in accordance with CMB Communiqué No. II-14.1 fairly reflect the truth about  the Company's assets, liabilities, financial position and profit and loss, and  the Board of Directors' Annual Report fairly reflects the development and performance of the business and the financial position of the Company, together with the significant risks and uncertainties that the Company faces .

Sincerely,

VAKIF GAYRİMENKUL YATIRIM ORTAKLIĞI AŞ GENERAL DIRECTORATE

Mustafa ŞENGÜL         Rıfat DEMİRBAŞ         Onur İNCEHASAN

Board Member               Board Member             General Manager