Dividend Distribution Policy

İHLAS YAYIN HOLDİNG A.Ş.

DIVIDEND DISTRIBUTION POLICY

Our company distributes dividends in accordance with the provisions of the Turkish Commercial Code, Capital Market Regulations, Tax Regulations, and other relevant regulations, as well as the article of our Articles of Association regarding dividend distribution. In dividend distribution, a balanced and consistent policy is followed between the interests of shareholders and the Company, in accordance with Corporate Governance Principles.

As long as financial resources permit, the dividend distribution rate is determined by the Board of Directors, taking into account market expectations, long-term company strategy, investment and financing policies, profitability and cash flow, in accordance with the Turkish Commercial Code, Tax Procedure Law, Capital Market Law, Capital Market Board principle decisions and similar legislation, and the relevant provisions of the company’s articles of association, and submitted to the General Assembly for approval.

If a dividend distribution decision is made, the distribution will be decided by the Company’s Board of Directors as cash and/or as bonus shares and submitted to the General Assembly for consideration. If a cash distribution of dividends is decided, it may be paid in equal or different installments, provided that this is decided at the General Assembly meeting where the distribution decision is made. The number of installments is determined by the General Assembly or, provided that it is explicitly authorized by the General Assembly, by the Board of Directors.

There is no preferential treatment in dividend distribution. Dividends are distributed equally to all existing shares, regardless of their issuance and acquisition dates.

The payment date for dividends is submitted to the General Assembly by the Board of Directors. Taking into account legal regulations and the relevant provision of the Company’s articles of association, dividends will be distributed to shareholders within the statutory periods, following the proposal of the Board of Directors and the approval of the General Assembly of Shareholders, on a date determined by the General Assembly.

Unless the reserves required by law are set aside, and unless the first dividend determined for shareholders in the articles of association is distributed in cash and/or in the form of shares, no decision can be made to set aside other reserves, to carry forward profits to the following year, or to distribute dividends to preferred shareholders, holders of participation, founder and ordinary usufruct shares, members of the Board of Directors, and employees, and similar individuals and/or institutions.

The Board of Directors may distribute dividend advances, provided it is authorized by the General Assembly and complies with Capital Market legislation. The total dividend advances to be paid in an accounting period cannot exceed half of the previous year’s period profit. The authority granted to the board of directors by the general assembly to distribute dividend advances is limited to the year in which this authority is granted. No decision can be made to pay an additional dividend advance and/or distribute dividends unless the previous year’s dividend advance has been fully offset.

The upper limit for donations made during an accounting period is determined by the general assembly, provided that the donations made during the year are presented to the shareholders at the general assembly, provided that they do not constitute a violation of the Capital Market Law and related legislation. Donations exceeding this limit are not permitted and are added to the distributable profit base.