Partial Sale of the Shares of Sabanci Building Solutions BV

By taking into account the reduced need of Sabancı Holding's financial support for the existing and ongoing investments of Sabanci Building Solutions BV (SBS) as well as the strengthened financial position of Çimsa Çimento Sanayi ve Ticaret A.Ş. (Çimsa), for the purposes of having global building materials investments concentrated under the roof of SBS consolidated and managed by Çimsa with an increased operational efficiency, the Board of Directors of Sabancı Holding has resolved the followings in its meeting held today:

- 18,887,000 shares representing 10.1% of the share capital of SBS, in which Sabancı Holding currently holds 60% whereas the remaining 40% is being held by Çimsa, shall be transferred to Çimsa, a subsidiary of Sabancı Holding;
- The transfer price shall be determined as EUR 25,280,098 based on an independent valuation report dated October 23, 2023 prepared by Ernst Young Kurumsal Finansman Danışmanlık A.Ş. within the framework of capital markets regulations;
- Çimsa shall be entitled to right to offer/purchase the remaining 93,313,000 shares representing 49.9% of the share capital of SBS that will be held by Sabancı Holding post the transfer;
- The management of Sabancı Holding shall be authorized to carry out all necessary works and transactions related to the share transfers and to sign the Share Purchase Agreement that will be executed between Sabancı Holding and Çimsa.