ÇHS AR21-ENG-030622

20 Çelebi Ground Handling Inc. 2021 Annual Report The Company acquired 65% of Celebi Tanzania Aviation Services Limited (“Celebi Tanzania”), established in Darussalam, Tanzania to participate in the concession auctions for provision of ground handling services. The said company’s share capital is 100 million Tanzanian Shillings (approximately USD 40 thousand). In line with the agreement signed with Tanzania’s Airport Authority, the company has started its operations from 1 February 2021. In 6 May 2019, the Company established Celebi Delhi Cargo Terminal Management India Private Limited (“Celebi Delhi Cargo”) in which it controls a 74% share as a founding partner and which will be engaged in the brownfield development, modernization and financing of the existing cargo terminal in the airport in New Delhi, India, and in its operation for a period of 25 years. The paid-in capital of Celebi Delhi Cargo is INR 1,120,000,000. Upon winning the contract for the execution of airport ground handling services for a period of 10 years at the Delhi International Airport, a total of INR 1,351,916,730 has been paid in legal and premium share capital until today. Under the ongoing concession agreements, the Company carries on with ground handling services at New Delhi, Ahmedabad, Cochin, Bangalore and Hyderabad airports. On 15 March 2018, the company’s name was changed as Celebi Airport Services India Private Limited (“CASI”). Based on the authorization granted on 9 December 2019, CASI will continue to provide ground handling services for another 10 years following the expiration of the existing concession period at the Delhi International Airport. Celebi GH Delhi, a subsidiary of the Group, participated in DASPL by acquiring 16.66% stake in the company. DASPL resides in New Delhi, India, has a paid-in capital of INR 250,000,000 and was set up to ensure execution of air conditioning units installed on passenger bridges in the airport’s passenger terminal, generator and utility water services in compliance with international standards. On 14 November 2016, Celebi GH Delhi acquired an additional 8.33% share in DASPL, and the Group’s shareholding interest in DASPL rose to 24.99%. The Group recognizes DASPL in its consolidated financial statements by equity method. The liquidation of Celebi Spain has been finalized during 2021. Çelebi Cargo is engaged in air cargo storage and handling at the storage/warehouse facility in Frankfurt Cargo City Süd located in Frankfurt International Airport. Çelebi Cargo rented the facility from Celebi Cargo GmbH (“Celebi Cargo”). Residing in Frankfurt, Germany, Celebi Cargo GmbH is a wholly owned subsidiary of the Company founded in November 2009, and has a paid-in capital of EUR 11,140,000. The Company acquired 57.65% stake in KSU Aviation Pvt Ltd (“KSU”), a company established in India on 8 May 2019 to provide “taxiing” services to aircrafts in the airports in India. For this purpose, the Company made a capital payment of 420 million Indian Rupees (approximately EUR 5.56 million) in total. 9. INFORMATION ABOUT FINANCIAL STATEMENTS AND REPORTS The summary consolidated financial statements of the Group are issued in compliance with the Capital Markets Board of Turkey (CMB) Communiqué Serial: II, No: 14.1 on Principles of Financial Reporting in the Capital Markets, which is published in the Official Gazette no. 28676 and dated 13 June 2013. In accordance with Article 5 of the communiqué, the Turkish Accounting Standards/Turkish Financial Reporting Standards (TAS/TFRS) released by the Public Oversight Accounting and Auditing Standards Authority (KGK) and the related annexes and comments were taken as a basis in the publication of the consolidated financial statements. Moreover, the financial statements are presented in accordance with the formats specified in the “Announcement regarding IFRS Taxonomy” published by the KGK on 15 April 2019, and in the Illustrative Financial Statements and User Guide published by the CMB. By its decision passed on 17 March 2005, the CMB announced that publicly-held companies operating in Turkey did not need to apply inflation accounting effective 1 January 2005. The Company’s financial statements have been drawn up within the frame of this decision. BOARD OF DIRECTORS 2021 Annual Report