CELEBI GROUND HANDLING ANNUAL REPORT 2018

33 Çelebi Ground Handling 2018 Annual Report Company Compliance Status Explanation Yes Partial No Exempted Not Applicable 1.4. VOTING RIGHTS 1.4.1 - There is no restriction preventing shareholders from exercising their shareholder rights. X 1.4.2 - The company does not have shares that carry privileged voting rights. X 1.4.3 - The company withholds from exercising its voting rights at the General Shareholders' Meeting of any company with which it has cross-ownership, in case such cross-ownership provides management control. X 1.5. MINORITY RIGHTS 1.5.1 - The company pays maximum diligence to the exercise of minority rights. X Minority shareholdings interests are not represented in the Company’s administration because there is are no minority shareholders who have been designated as candidates in elections for Company directors or statutory auditors and elected to such positions. 1.5.2 - The Articles of Association extend the use of minority rights to those who own less than one twentieth of the outstanding shares, and expand the scope of the minority rights. X The Company’s articles of incorporation contain no provisions concerning the representation of minority shareholding interests on the Board of Directors or governing the accumulated voting method. 1.6. DIVIDEND RIGHT 1.6.1 - The dividend policy approved by the General Shareholders' Meeting is posted on the company website. X 1.6.2 - The dividend distribution policy comprises the minimum information to ensure that the shareholders can have an opinion on the procedure and principles of dividend distributions in the future. X 1.6.3 - The reasons for retaining earnings, and their allocations, are stated in the relevant agenda item. X 1.6.4 - The board reviewed whether the dividend policy balances the benefits of the shareholders and those of the company. X