ÇELEBİ HAVA SERVİSİ ANNUAL REPORT 2024

ÇELEBİ HAVA SERVİSİ ANONİM ŞİRKETİ VE BAĞLI ORTAKLIKLARI 85 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 a result of winning the tender for ground handling services at Delhi International Airport for a period of 10 years, Celebi Ground Handling Delhi Private Limited was established in 2009. The Company holds a 99.9% capital share, and a total premium capital payment of 2,293,943,760 Indian Rupees has been made to meet the required equity. The Company continues to provide ground handling services at airports in New Delhi, Ahmedabad, Cochin, Bangalore, and Hyderabad under its ongoing concession agreements. In 2018, the Company’s name was changed to Celebi Airport Services India Private Limited (“CASI”). With the authorization granted in 2019, the Company continues to provide ground handling services for an additional 10 years following the expiration of the existing concession period at Delhi International Airport. CGHI was established in 2023 as a subsidiary of CASI with a 60.98% ownership stake following the award of the ground handling tender at Ahmedabad International Airport in India. The Company’s capital amounts to 164,000 Indian Rupees. CGSC was established in 2023 as a wholly owned subsidiary of CASI following the award of the ground handling tender at Chennai International Airport in India. The Company’s total capital, including premium capital, amounts to 280,095,195 Indian Rupees. In 2019, the Company acquired a 58.70% stake in KSU, an India-based company established to provide aircraft taxiing services at airports in India. A total premium capital payment of 435,148,420 Indian Rupees has been made by the Company. Celebi Kargo was established in 2008 to engage in transportation, freight forwarding, cargo storage, and distribution activities. Celebi Kargo owns 100% of Celebi Cargo, a subsidiary based in Frankfurt, Germany, with a paid-in capital of 11,140,000 Euros. Celebi Cargo is engaged in cargo storage and handling activities at Frankfurt International Airport Cargo. In 2006, the Company acquired the shares of Celebi Ground Handling Hungary (“CGHH”), which provides ground handling services at Budapest Airport. The Company’s capital share in CGHH is 100%, and its paid-in capital amounts to 200,000,000 Hungarian Forints. To participate in upcoming ground handling concession tenders at airports in Tanzania, the Company acquired a 65% stake in Celebi Tanzania, a Dar es Salaam-based entity with a total capital of 100,000,000 Tanzanian Shillings (approximately 40,000 USD). On 27 March 2024, 99.00% of the shares of PTN, a company based in Jakarta, Indonesia, were acquired for 34,650,000,000 Indonesian Rupiahs through a Share Purchase Agreement. In addition to the Company’s 99% capital share amounting to 643,500,000 Indonesian Rupiahs, further capital increases of 9,256,500,000 Indonesian Rupiahs on 19 April 2024, 47,520,000,000 Indonesian Rupiahs on 17 September 2024, and 29,700,000,000 Indonesian Rupiahs on 29 November 2024, have raised the subsidiary’s capital share to 87,120,000,000 Indonesian Rupiahs. CAI, a company based in Jakarta, Indonesia, was established on 2 May 2024, as a 99.00% subsidiary of ÇHS with an initial capital investment of 9,900,000,000 Indonesian Rupiahs. Further capital increases of 8,415,000,000 Indonesian Rupiahs on 17 September 2024, and 64,845,000,000 Indonesian Rupiahs on 29 November 2024, have raised the subsidiary’s capital share to 83,160,000,000 Indonesian Rupiahs. Associate The associate of the Group accounted using the equity method is as follows: Associate Country Nature of Business Delhi Aviation Services Private Limited (“DASPL”) India Ground handling services CASI, one of the Group’s subsidiaries, has invested 16.66% in DASPL, a company based in New Delhi, India, with a paid-in capital of 250,000,000 Indian Rupees. DASPL was established to ensure that the ventilation, generator, and potable water services mounted on the passenger bridges at the airport passenger terminal are carried out in accordance with international standards. On 14 November 2016, CASI acquired an additional 8.33% stake in DASPL, increasing the Group’s ownership in DASPL to 24.99%. The Group accounts for DASPL using the equity method in its consolidated financial statements. DASPL’s operations ceased as of 1 April 2022, and the net loss for the period following 31 March 2022, is presented under “Profit/(Loss) from Discontinued Operations.”