A Share Purchase Agreement (the "Agreement") was executed between our Company and Kansai Paint Co., Ltd. ("Kansai Paint") regarding the transfer to Kansai Paint of all 62,501,572 shares held by our Company, representing 50% of the share capital of our subsidiary Polisan Kansai Boya Sanayi ve Ticaret Anonim Şirketi ("Polisan Kansai Boya" or "PKB") (the "Share Transfer").

Pursuant to the Agreement, the relevant shares have been transferred to Kansai Paint for a total consideration of USD 93,000,000. Kansai Paint, which already held 50% of the share capital of PKB prior to the Share Transfer, has become the sole shareholder of Polisan Kansai Boya upon completion of the Share Transfer.

The Share Transfer constitutes a transfer of assets pursuant to Article 23 of Capital Markets Law No. 6362 and Article 4(1)(c) of the Capital Markets Board's Communiqué No. II-23.3 on Material Transactions and Exit Right (the "Communiqué") and has been assessed in accordance with the materiality criteria set forth in Article 6 of the Communiqué. According to our Company's financial statements dated 31.03.2026, the carrying amount of our equity-accounted investment in Polisan Kansai Boya was TL 4,830,725,459, representing approximately 99.47% of our Company's total assets of TL 4,856,252,106. Accordingly, the Share Transfer constitutes a significant transaction as the materiality threshold of 75% stipulated under the Communiqué has been exceeded.

In this context, our shareholders who held shares in our Company as of 26.06.2026, being the date of our disclosure regarding the significant transaction, and who attended the general assembly meeting at which the transaction was submitted for the approval of our shareholders, voted against the transaction and had their dissenting opinions recorded in the meeting minutes, will be entitled to exercise their exit right by selling their shares to our Company at the exit right exercise price, subject to the conditions stipulated under the applicable legislation. Pursuant to Article 14 of the Communiqué, the exit right exercise price has been determined as TL 2.60 (Two Turkish Liras and Sixty Kuruş) per share with a nominal value of TL 1, based on the arithmetic average of the daily adjusted volume-weighted average prices of the shares traded on the stock exchange during the six-month period preceding 26.06.2026, being the date of the first public disclosure regarding the Share Transfer. The exit right will be exercised through an intermediary institution, and further details regarding the exercise process will be disclosed to the public separately in accordance with the applicable legislation.

Following the approval of the Share Transfer at our Company's Extraordinary General Assembly Meeting dated 27.10.2026 and the fulfilment of the other conditions stipulated under the Agreement, the sale and transfer to Kansai Paint of all shares held by our Company, representing 50% of the share capital of Polisan Kansai Boya, was completed as of 27.10.2026.

Upon completion of the Share Transfer, our Company's shareholding in Polisan Kansai Boya has ceased, and Kansai Paint has become the sole shareholder of Polisan Kansai Boya.