ASTOR/ASTOR ENERJI A.S.

The construction of the Phase 1 Switching Products Factory and Phase 2 Conductor Production Factory, located on a portion of our Company-owned land with a total area of 228,659.76 m² within the Ankara Chamber of Industry 2nd and 3rd Organized Industrial Zone in the Sincan district of Ankara, has been approximately 95% completed, and installation, assembly, and commissioning activities have commenced.

Considering the increasing global demand for electrical energy, particularly in the United States market, and the expectation that the current strong demand for our products will continue to grow in the coming periods, at the Board of Directors meeting of our Company dated January 22, 2026; it was resolved to initiate the design and construction works for the "Phase 3 High Power Transformer Factory" and the "Phase 4 High Power Mechanical Factory" on the land allocated to our Company in the Organized Industrial Zone Expansion Area, where Phase 1–2 investments have been carried out.

The total investment amount is planned to be approximately USD 150 million. With the new investment, it is planned to increase the current annual power transformer production capacity of 32,000 MVA by an additional 70,000 MVA to reach 100,000 MVA, and to increase the annual power mechanical factory production capacity of 18,000 MVA by an additional 90,000 MVA to reach 108,000 MVA. In case of reaching full capacity, the new investment is expected to contribute USD 1 billion to revenue and USD 350 million to EBITDA.

The completion of the construction and technical infrastructure works for the aforementioned new investment is targeted by the end of 2026, and within the scope of our strong and sustainable growth strategy, our investments related to our core business will continue domestically and internationally.

It is respectfully submitted to the public and our investors.

Sincerely,

(In case of any discrepancy between this disclosure and its English translation, the Turkish version shall prevail.)