Regarding a Letter Sent by EMRA dated 13.01.2023 to Our Subsidiary Çan2 Termik A.Ş.

On 30 March 2022, with the amendment to the Procedures and Principles for the Determination and Implementation of the Resource-Based Support Fee, it was legally stated that the amounts of bilateral agreements are within the scope of the exemption.

Upon the request of EPİAŞ regarding the exemption in question, our Company notified EPİAŞ of both its bilateral agreements and the portions sold indirectly to the final consumer, which are much lower than this amount. In accordance with the Procedures and Principles, EPİAŞ applied the exemption based on the bilateral agreement amounts, not the amounts sold to the end consumer.

On 30 September 2022, EMRA amended the Procedures and Principles and added the phrase "(up to final consumer)" to Article 7 as shown in Annex-1.

However, EPİAŞ, with the guidance of EMRA, wants to operate the amendment in the relevant Procedures and Principles retroactively, contrary to fundamental rights and legal rules. EMRA notified us of this situation with a letter dated 13 January 2023, and immediately afterwards, it was reported in the press in a manner that does not reflect the truth.

In accordance with the Procedures and Principles, our Company spends 60% of its profitability to support the costs of distribution companies. However, we do not accept the departure from the basic law and the publications in some media organs regarding penalties or similar misleading content. We hereby declare that our Company will protect all kinds of rights regarding these issues.

Kindly announced to the public.

In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.