Prysmian SPA, the indirect main shareholder of our company, Türk Prysmian Kablo ve Sistemleri A.Ş. with a share of 83.75%, is listed on the Borsa Italiana stock market with the short code PRY. Prysmian SPA published its consolidated financial report for the accounting period 01.01.2024 - 31.03.2024 on 09 May 2024 in accordance with the relevant regulations of the Italy . Indirect Parent Prysmian SPA Financial Report results are available at https://www.prysmian.com/en/investors/results-centre.

The Capital Markets Board announced the Board Decision dated 28.12.2023 and numbered 81/1820, which includes the issues regarding the application of inflation accounting by applying the provisions of "Turkish Accounting Standard 29 Financial Reporting in Hyperinflationary Economies" (TAS 29) starting from the annual financial reports of the companies whose shares are traded for the accounting periods ending as of 31.12.2023 and granting an additional period of 10 weeks for the public disclosure of annual financial reports and 6 weeks for the public disclosure of the first two interim financial reports. 

Pursuant to the fourth paragraph of Article 12/A of the Communiqué on Principles Regarding Financial Reporting in Capital Markets numbered II-14.1, it was not possible to announce the financial results of our Company at the same time or earlier with its parent company due to the different obligations regarding the financial reporting dates in the relevant decision and the Italian legislation.

This Material Event Disclosure is made in accordance with the fourth paragraph of Article 12/A of the Communiqué on Principles Regarding Financial Reporting in Capital Markets numbered II-14.1 and the conditions determined by the CMB Decision No. 6/137 dated 25.01.2024.

i)                    The financial results of the Indirect Parent Company Prysmian SPA for the accounting period 31.03.2024 also include our Company. ii) However, it is possible that some technical differences may occur between the information concerning our Company in the Financial Reports published by the Indirect Parent Company and the full set of financial reports to be prepared in accordance with the provisions of "Turkish Accounting Standard 29 Financial Reporting in Hyperinflationary Economies" (TAS 29), which will be disclosed to the public by our Company within the additional period determined in accordance with the Board Decision dated 28.12.2023 and numbered 81/1820, mainly for the following reasons.

ii)                   - Differences in group companies included in consolidation in accordance with the Parent Company reporting principles

iii)                  - In accordance with IFRS and CMB and related regulations; differences in index rate 

iv)                 - Valuation differences in accordance with IFRS and CMB and related regulations

v)                   - In accordance with TAS 29; differences in the application of inflation accounting

vi)                 The above information has been prepared in accordance with the Capital Markets Board's Communiqué No. II-14.1 on the Principles of Financial Reporting in Capital Markets and the CMB Decision No. 6/137 dated 25.01.2024 and the related information

vii)               a-) It has been examined by us,

viii)              b-) It does not contain any untrue statement or any omission that may be misleading as of the date of disclosure,

ix)                 c-) Within the framework of the information we have as per our duties and responsibilities in the Company, we hereby declare that the prepared disclosure honestly reflects the truth.

In case there are any differences in the English translation texts of this statement, the Turkish explanation will be taken as basis.

It is presented to the information of our Shareholders and the public.

Regards,

Türk Prysmian Kablo ve Sistemleri A.Ş.