Following the material event disclosure dated 1 November 2024, it has been decided that the acquisition of an LPG vessel in the Medium Gas Carrier (MGC) size will be carried out by a newly established foreign company that will be 100% owned by our subsidiary, Kuleli Tankercilik A.Ş., in which we hold a 100% share. For this purpose, our Board of Directors has decided to vote in favour at the extraordinary general assembly meeting to be held on 8 November 2024, to increase the capital of Kuleli Tankercilik A.Ş. from TL 148,000,000 by an amount of TL 2,052,000,000 to a total of TL 2,200,000,000. Additionally, the full amount of the increased TL 2,052,000,000 capital will be pledged by our company in cash, free from collusion. It has also been decided that an amount corresponding to 1/4 of this increase, 513,000,000 TL, will be paid before registration, and the remaining 1,539,000,000 TL will be paid in cash within 3 months following the registration of the capital increase.

This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.