CELEBİ 2021 ANNUAL REPORT

35 Çelebi Ground Handling Inc. 2022 Annual Report 19. PROFIT DISTRIBUTION PROPOSAL OF THE BOARD OF DIRECTORS Our financial statements prepared on the basis of our legal books of account dated 31 December 2022 show a net current profit in the amount of TL 1,040,258,789.32 remaining after the deduction of all taxes and other legal obligations. As there is no Prior Year’s Loss available to be deducted from the Net Period Profit, the Net Distributable Profit amount that should be considered for profit distribution in accordance with our Company’s legal records is TL 1,040,258,789.32. The Net Profit for the Period, after the deduction of Tax and Legal liabilities, in our Company’s consolidated financial statements dated 31 December 2022, that were prepared in accordance with the formats specified by CMB and in the Turkish Accounting Standards/Turkish Financial Reporting Standards (TAS/TFRS) pursuant to the Capital Markets Board of Turkey (CMB) Communique Serial: II, No. 14.1 on the “Principles of Financial Reporting in the Capital Markets”, and which have been audited by independent organizations, amounted to TL 1,079,953,824.00 Within the framework of CMB legislation, as there is no Prior Year Loss available to be deducted from the Net Profit for the Period in our Company’s consolidated financial statements and no General Legal Reserve that needs to be set aside pursuant to the Turkish Commercial Code (TCC), the Net Distributable Profit for the Period is TL 1,079,953,824.00. Accordingly, the Net Profit for the Period amounting to TL 1,079,953,824.00 in the Consolidated Financial Statements of our Company dated 31 December 2022, and the previous year profits included in the financial statements prepared according to the CMB and the financial statements prepared in accordance with the legal records, amounting to TL 93,555,000.00 to be covered from the existing resources/funds in its equity, will be distributed as follows: ÇELEBİ HAVA SERVİSİ A.Ş. Profit Distribution Table for 2022 (TL) According to CMB legislation According to legal records Net Profit for the Period 1,079,953,824.00 1,040,258,789.32 Prior Year Loss (-) 0.00 0.00 General Legal Reserves 0.00 0.00 Net Distributable Profit for the Period 1,079,953,824.00 1,040,258,789.32 First Dividend to Shareholders 1,215,000.00 1,215,000.00 Second Dividend to Shareholders 944,055,000.00 944,055,000.00 Other Funds for Distribution 85,050,000.00 85,050,000.00 General Legal Reserves 102,910,500.00 102,910,500.00 - Period Profit 94,405,500.00 94,405,500.00 - Other Funds to Be Distributed 8,505,000.00 8,505,000.00 Transferred to Extraordinary Reserves 40,278,324.00 583,289.32 In this framework, in accordance with the CMB regulations pertaining to profit distribution and with respect to the period from 1 January 2022 until 31 December 2022, we hereby present for the approval of the Ordinary General Assembly that will convene on 13 April 2023 that: - Shareholders who are resident corporate entities and shareholders who are non-resident corporate entities but earn dividends through a place of business or permanent representative based in Turkey be paid a TL 42.4000 gross=net cash dividend for each share of stock with a nominal value of TL 1.00 that they hold corresponding to a ratio of 4240.00%; - Other shareholders be paid a TL 42.4000 gross cash dividend for each share of stock with a nominal value of TL 1.00 that they hold, which corresponds to a ratio of 4240.00%, and TL 38.1600 net cash dividend for each share of stock with a nominal value of TL 1.00 that they hold, which corresponds to a ratio of 3816.00%, - The dividend payout date be set as 17 April 2023. Very truly yours, ÇELEBİ HAVA SERVİSİ A.Ş. BOARD OF DIRECTORS