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According 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, and considering the Company's growth strategy and its aim for creating long-term shareholder value, Company's net distributable profit for 2019, in accordance with the law, Article 21 of the Company Articles of Association and Pegasus Dividend Policy, will be used within the company with the purpose of strengthening liquidity and creating additional resource for growth in operations.

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