CELEBI GROUND HANDLING 2023 ANNUAL REPORT

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2023 ÇELEBİ HAVA SERVİSİ ANONİM ŞİRKETİ AND ITS SUBSIDIARIES (Amounts expressed in Turkish Lira (“TL”) unless otherwise indicated.) 127 Çelebi Ground Handling Inc. 2023 Annual Report As of 31 December 2023 and 2022, collaterals given in favour of the subsidiaries and joint venture of the Group for the loans borrowed by them are as follow: 31 December 2023 EUR INR Total TL Celebi Nas (1) - 97.704.000 34.617.504 Celebi Delhi Cargo (2) - 313.600.000 111.111.616 CASI (3) - 1.665.000.000 589.926.150 Celebi Cargo GmbH (4) 50.000 - 1.631.630 50.000 2.076.304.000 737.286.900 31 December 2022 EUR INR Total TL Celebi Nas (1) - 94.392.000 21.393.947 Celebi Delhi Cargo (2) - 313.600.000 71.077.440 CASI (3) - 2.499.800.000 566.579.670 Celebi Cargo GmbH (4) 2.050.000 - 40.940.140 2.050.000 2.907.792.000 699.991.197 (1) Within the scope of the long-term project finance and working capital loan agreement signed between Celebi Nas and a bank resident in India amounting to INR 2.345.000.000 cash and INR 845.000.000 non-cash, 30% of the 59% shares of Celebi Nas owned by the Company has been pledged in favor of the lender bank to fulfill financial obligations arising from the agreement. As of 31 December 2023, the risk of the cash loan in the respective bank is amounting to INR 394.851.167. (2) Within the scope of the long-term project finance and working capital loan agreement signed between Celebi Delhi Cargo and a bank resident in India amounting to INR 1.800.000.000 cash and INR 50.000.000 non-cash, 28% of the shares of the Company has been pledged in favor of the lender bank to fulfill financial obligations arising from the agreement. As of 31 December 2023, the risk of the cash loan in the respective bank is amounting to INR 614.725.463. (3) Celebi Airport Services has a borrowing amounting to INR 1.215.000.000 cash and INR 600.000.000 non-cash within the scope of the long-term project finance and working capital loan agreement signed between the Company and a bank resident in India. As of 31 December 2023, the risk of the cash loan in the respective bank is amounting to INR 821.613.911. (4) As of 31 December 2023, the cash credit risk amount in the relevant banks is EUR 50.000 for financial liabilities arising from cash and non-cash loan agreements amounting to EUR 50.000, respectively signed between Celebi Cargo GmbH and banks residing in Germany. Key management compensation: The Group has determined key management personnel as members of board of directors, general manager and vice general managers. Key management compensation includes salaries, bonuses, social security contributions and other benefits provided to key management of the Group: 1 January - 31 December 2023 1 January - 31 December 2022 Short-term key management compensation 115.096.882 70.983.015 115.096.882 70.983.015