TOFAŞ TÜRK OTOMOBİL FABRİKASI A.Ş. Özel Durum Açıklaması (Genel) 25 Mart 2025

s a result of the evaluations conducted within the scope of our Company's Profit Distribution Policy, it has been decided to revise the current Profit Distribution Policy, which was enacted by the General Assembly resolution in 2014, by taking into account the company's practices and index expectations, and to submit it for the approval of the Ordinary General Assembly for the year 2024 as outlined below.

The amendment proposal was accepted by the General Assembly held on 25.03.2025 and the revised Profit Distribution Policy is given below.

DIVIDEND DISTRIBUTION POLICY 

Our company distributes profits in accordance with the provisions of the Turkish Commercial Code, Capital Markets Regulations, Tax Regulations, and other relevant regulations, as well as the article of our Articles of Association concerning profit distribution. In profit distribution, a balanced and consistent policy is pursued in compliance with Corporate Governance Principles, considering the interests of both shareholders and the Company.

As a principle, provided that relevant regulations, investment needs, and financial capabilities allow, and taking into account market expectations, the Company's long-term strategy, investment and financing policies, profitability, and cash position, the Company's net distributable profit for the period, calculated within the framework of Capital Markets Regulations, is distributed in cash and/or as bonus shares at the maximum possible rate, based on a resolution of the Ordinary General Assembly or, if necessary, an Extraordinary General Assembly during the year, as long as it can be covered by the available resources in our statutory records.

It is intended that the profit distribution will be carried out within a maximum of one month following the General Assembly meeting, and the distribution date is determined by the General Assembly. The General Assembly or, if authorized, the Board of Directors may decide on the installment-based distribution of dividends in accordance with Capital Markets Regulations.

According to the Company's Articles of Association, the Board of Directors may distribute advance dividends, provided that it has been authorized by the General Assembly and complies with Capital Markets Regulations.

There is no concession in dividend distribution. Dividends are distributed equally to all existing shares as of the distribution date, regardless of their issuance and acquisition dates.