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Pursuant to our accounts based on Turkish Financial Reporting Standards and based on our statutory records prepared in accordance with the Turkish Tax Procedure Law No. 213, no net distributable profit will arise for the year 2017 according to statutory records as the profit for the year 2017 will used in its entirety to reduce the accumulated loss of the Company from previous years in accordance with the law, Article 21 of the Company Articles of Association and Pegasus Dividend Policy. For dividend distribution table please visit:

https://www.kap.org.tr/en/Bildirim/665927