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.) 80 Çelebi Ground Handling Inc. 2023 Annual Report NOTE 1 - ORGANIZATION AND OPERATIONS OF THE GROUP Çelebi Hava Servisi A.Ş. (referred as the “Company” or “Çelebi Hava”) established in 1958 was the first private ground handling service company in the Turkish aviation sector. The Company provides ground handling services (representation, traffic, ramp, cargo, flight operations and aircraft maintenance etc.), cargo and warehouse services and fuel supplies to domestic and foreign airlines and private cargo companies. The Company operates in İstanbul, İzmir, Ankara, Adana, Antalya, Dalaman, Bodrum, Çorlu, Bursa Yenişehir, Diyarbakır, Erzurum, Kayseri, Samsun, Trabzon, Van, Malatya, Kars, Mardin, Denizli, Hatay, Kahramanmaraş, Isparta, Erzincan, Çanakkale, Balıkesir Edremit, Iğdır, Kocaeli, Bingöl, Hakkari airports, which are under the control of the State Airports Administration (“DHMI”) and Istanbul Sabiha Gokcen airport which is under the control of the Airport Administration and Aviation Industries A.Ş. (“HEAS”). The Company is controlled by Çelebi Havacılık Holding Anonim Şirketi, the parent company which is jointly controlled by Çelebioğlu Family and Zeus Aviation Services Investments B.V. The Company is registered in Capital Markets Board (“CMB”) and has been listed in Borsa Istanbul (“BIST”) since 18 November 1996. As of 31 December 2023, the percentage of shares which are publicly traded is 10,09% (31 December 2022: 10,09%). The address of the headquarters of the Company is as follows: Tayakadın Mahallesi Nuri Demirağ Caddesi No: 39 Arnavutköy/İstanbul The average number of employees employed by the Group for the year ended 31 December 2023 is 13.747 (2022: 11.838). The consolidated financial statements for the accounting period of 1 January - 31 December 2023 were approved for publication at the meeting of the Board of Directors dated 11 March 2024 and signed by General Manager Osman Yılmaz and Financial Affairs Director Deniz Bal on behalf of the Board of Directors. Information on Subsidiaries, Joint Ventures, and Associate: The nature of the business, their respective geographical segments, and the registered country of the subsidiaries, joint venture and associate of the Group are as follows. Subsidiaries of the Group are as below: Subsidiary Registered country Geographical region Nature of business CGHH Hungary Hungary Ground handling services Celebi Delhi Cargo India India Warehouse and cargo services CASI India India Ground handling services Celebi Nas India India Ground handling services Çelebi Kargo Türkiye Türkiye Warehouse and cargo services Celebi Cargo Germany Germany Warehouse and cargo services Celebi GH India Private Limited India India Ground handling services Celebi GS Chennai Private Limited India India Ground handling services KSU India India Ground handling services Celebi Tanzania Tanzania Tanzania Ground handling services In 2006, the Company acquired the shares of Celebi Ground Handling Hungary (“CGHH”), which provides airport ground handling services at Budapest Airport. The Company’s shareholding in CGHH is 100% and its paid-in capital is 200.000.000 Hungarian Forints. In 2009, a company named Celebi Delhi Cargo Terminal Management India Private Limited (“Celebi Delhi Cargo”) was established to operate in the development, modernisation and operation of the existing cargo terminal at the airport in New Delhi, India for 25 years. The Company’s shareholding in Celebi Delhi Cargo is 74% and the paid-in capital of Celebi Delhi Cargo is 1,120 million Indian Rupees.