KORDSA TEKNİK TEKSTİL A.Ş. Özel Durum Açıklaması (Genel) 1 Ekim 2025

At the Board of Directors meeting held on 1 October 2025 (today); it is that:

In line with the Company's strategic priorities and with the aim of focusing on our core business areas of tire reinforcement and composite technologies, the Company's Construction Reinforcement (Kratos) business line which is one of the key outputs of our compentencies relating to the result of our company's Research&Development and innovation capabilities being translated into value-added outcomes for customers  — including machineries, certain patents, trademarks and other intellectual property rights, as well as tangible and intangible assets such as inventories, spare parts, and customer lists — shall be transferred  to Afyon Çimento Sanayi T.A.Ş., through an asset transfer, for a consideration of USD 10,000,000 (excluding VAT), based on the results set out in the valuation report prepared by Ernst Young Kurumsal Finansman Danışmanlık A.Ş. (attached), and under the terms and conditions to be set forth in the agreement to be signed. The necessary applications relating to the transfer will be carried out.

Following the assessment made pursuant to Article 4/1-(c) of the Capital Markets Board's Communiqué No. II-23.3 on Material Transactions and Exit Rights (the "Communiqué"), and considering that the materiality criteria stipulated under Article 6(1) of the Communiqué have not been met, it was further resolved that this sale transaction does not qualify as a material transaction as defined under the capital markets legislation and therefore does not give rise to any exit right, and that this fact shall be publicly disclosed.

The asset transfer transactions will take place following the completion of the required legal procedures. Further information regarding the closing will be disclosed to the public in due course. 

Considering the uncertainty regarding the scope, content, and timing of the contemplated transfer transaction, the absence of a binding agreement, and the necessity to obtain relevant opinions that may affect the execution of the transaction, it was resolved by the Board of Directors on 18.07.2025 to postpone the public disclosure of this information in order to protect the Company's legitimate interests.