ÇELEBİ HAVA SERVİSİ ANNUAL REPORT 2024

ÇELEBİ HAVA SERVİSİ ANONİM ŞİRKETİ VE BAĞLI ORTAKLIKLARI 131 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 (Amounts expressed in Turkish Lira (“TL”) unless otherwise indicated.) Çelebi Ground Handling 2024 Annual Report As of 31 December 2024, and 2023, collaterals given in favour of the subsidiaries and joint venture of the Group for the loans borrowed by them are as follow: 31 December 2024 EUR INR Total TL Celebi Nas (1) - 97.704.000 40.305.831 Celebi Delhi Cargo (2) - 313.600.000 129.369.408 CASI (3) - 1.665.000.000 686.862.450 Celebi Cargo GmbH (4) 50.000 - 1.840.120 50.000 2.076.304.000 858.377.809 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 (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 2024, the risk of the cash loan in the respective bank is amounting to INR 216.523.544. (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 2024, the risk of the cash loan in the respective bank is amounting to INR 562.021.655. (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 2024, the risk of the cash loan in the respective bank is amounting to INR 755.184.792. (4) As of 31 December 2024, the non-cash credit risk amount in the relevant banks is EUR 50.000 for financial liabilities arising from non-cash loan agreements amounting to EUR 50.000, 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 2024 1 January - 31 December 2023 Short-term key management compensation 180.261.060 115.096.882 180.261.060 115.096.882