CELEBI GROUND HANDLING 2023 ANNUAL REPORT

19 Çelebi Ground Handling Inc. 2023 Annual Report 8. DIRECT OR INDIRECT ASSOCIATES OF THE COMPANY AND INFORMATION ON SHAREHOLDING THEREIN In 2006, the Company has acquired the shares in Budapest Airport Handling, a company which has been providing ground handling service at Budapest Airport, and the company’s name was changed to Celebi Ground Handling Hungary (“CGHH”). As at 31 December 2023, the paid in capital of CGHH is HUF 200,000,000, while the Company holds 100% of the shares. In order to provide ground handling services for a period of 10 years at the Mumbai Chhatrapati Shivaji International Airport in India, a company with the name “Celebi NAS Airport Services India Private Limited (“Celebi NAS”) and based in the Maharashtra state in Mumbai has been incorporated on 12 December 2008. Celebi NAS has a capital of INR 100,000,000, in which the Company controls 59% stake as a founding partner. The paid-in capital of Celebi NAS is INR 552,000,000. Besides, INR 228,000,000 has been paid as advance capital by the shareholders in Celebi NAS. Celebi NAS has been granted the concession rights concerning the rendering of services regarding air conditioners and generators mounted on passenger boarding bridges in the passenger terminal of that airport until May 2036. As per the concession contract between Celebi NAS and the tender authority MIAL, Celebi NAS will continue to provide ground handling services for a period of 10 (ten) years from 1 January 2020 to 31 December 2029 following the expiry of the current concession period on 31 December 2019 at the CSIA airport in Mumbai, India. 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 2009, 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. Winning the tender for providing airport ground handling services at Delhi International Airport for a 10-year term, Celebi Ground Handling Delhi Private Limited (“Celebi GH Delhi”) was established on 18 November 2009 with a shareholding rate of 99,9%. In order to fulfill the obligations arising from the Implementation Contract signed with the contracting authority and to ensure the realization of the projected investments, the Company has made legal and premium capital payment amounting to Indian Rupee 1,674,371,160 on its subsidiary of Celebi GH Delhi to meet the equity needed. 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. Çelebi Kargo Depolama ve Dağıtım Hizmetleri A.Ş. (“Çelebi Kargo”) was established on 20 November 2008 to carry out transportation, cargo storage and distribution operations. Celebi Cargo GmbH (“Celebi Cargo”), the subsidiary of Çelebi Kargo with a 100% ownership, and located in Frankfurt, Germany was established in November 2009 with a paid-in capital of EUR 11.140.000, has rented storage and warehouse facilities at International Frankfurt Airport Cargo (Frankfurt Cargo City Süd) and carry out flight cargo storage and handling services.