Eregli Demir ve Çelik Fabrikalari T : 2022 3 Months Interim Report

EREĞLİ DEMİR VE ÇELİK FABRİKALARI T.A.Ş.

For the Period 1 January - 31 March 2022

Condensed Board of Directors' Activity Report

EREĞLİ DEMİR VE ÇELİK FABRİKALARI T.A.Ş.

Page 1

BOARD OF DIRECTORS' ACTIVITY REPORT PREPARED IN ACCORDANCE

WITH THE COMMUNIQUÉ SERIAL:II, NO:14.1

A - GENERAL INFORMATION

• 1. Period of the Report

  01.01.2022 - 31.03.2022

• 2. Information About the Association

  • - Title: EREĞLİ DEMİR VE ÇELİK FABRİKALARI T.A.Ş.

  • - Trade Registry Number: 863637

  • - Address: Barbaros Mah. Ardıç Sok. No: 6 Ataşehir/İSTANBUL

  • - Website:www.erdemir.com.tr

• 3. Shareholding and Capital Structure

Authorized Capital	: TRY 7.000.000 thousand
Paid-in Capital	: TRY 3.500.000 thousand
Shareholders	Shares ( Thousand TRY)	%
Ataer Holding A.Ş.	1.724.982	49,29
Publicly Held	1.667.181	47,63
3,08
100,00

Erdemir's Own Shares

Total

107.837 3.500.000

No change has occurred in shareholding and capital structure in the period.

4. Board of Directors, Executive Management and Number of Personnel

According to the Turkish Commercial Code and related regulations, the election of the Board of Directors is executed by the General Assembly within the framework of the Articles of Association. Should there be an opening in the Board of Directors Membership within the respective period; an election for the available positions is made according to the provisions of Turkish Commercial Code and Company's Articles of Association and the results are submitted to the next general assembly to be approved. The Company's 2021 Regular

General Assembly has been executed on 17 March 2022.

At the Ordinary General Assembly Meeting held on March 17, 2022, election was made due to the expiry of term of independent board memberships, 3 independent board members were elected to serve for 1year period in accordance with the 10th and 11th articles of Articles of Association within the framework of Turkish Commercial Code and Capital Market Law.

EREĞLİ DEMİR VE ÇELİK FABRİKALARI T.A.Ş.

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BOARD OF DIRECTORS' ACTIVITY REPORT PREPARED IN ACCORDANCE

WITH THE COMMUNIQUÉ SERIAL:II, NO:14.1

The active members of the Board of Directors as of reporting period:

Board of Directors	Title	Effectivefrom
OYTAŞ İç ve Dış Ticaret A.Ş. (Represented by: Süleyman Savaş ERDEM)	Chairman	27.05.2013 (*)
OMSAN Lojistik A.Ş. (Represented by: Aslıhan DÖĞER)	Deputy Chairman-Executive Director	11.09.2012 (*)
OYAK Pazarlama Hizmet ve Turizm A.Ş. (Represented by: Gürtan DAMAR)	Executive Director	13.09.2012 (*)
Republic of Turkey Ministry of Treasury and Finance Privatization Administration (Represented by: Bekir Emre HAYKIR)	Board Member	20.09.2012 (*)
OYKA Kağıt Ambalaj Sanayii ve Ticaret A.Ş. (Represented by: Baran ÇELİK)	Board Member	12.09.2012 (*)
OYAK Denizcilik ve Liman İşletmeleri A.Ş. (Represented by: Güliz KAYA)	Board Member	12.09.2012 (*)
Ali FİDAN	Independent Board Member	31.03.2017
Kurtuluş Bedri VAROĞLU	Independent Board Member	31.03.2017
Emre GÖLTEPE	Independent Board Member	17.03.2022

(*) Inauguration date of the legal entity.

Changes in the Executive Board within the Period

At the Ordinary General Assembly Meeting held on 17 March 2022, Emre GÖLTEPE, Ali

FİDAN and Kurtuluş Bedri VAROĞLU have been elected as independent board members for serving 1 year period.

EREĞLİ DEMİR VE ÇELİK FABRİKALARI T.A.Ş.

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BOARD OF DIRECTORS' ACTIVITY REPORT PREPARED IN ACCORDANCE

WITH THE COMMUNIQUÉ SERIAL:II, NO:14.1

Powers and Duties of the Members of the Board of Directors'

The Chairman and the members of the Board of Directors possess duties and authorities set out in the Turkish Trade Act's relevant clauses and in the Articles of Association.

Executive Management

Executive Management	Title	Effective from	Education	Experience
Aslıhan DÖĞER	Deputy Chairman and Executive Director	23.02.2021	Middle East Technical University - Industrial Engineering	24 Years
Gürtan DAMAR	Executive Director	23.02.2021	Yıldız Technical University - Mechanical Engineering	27 Years
Salih Cem ORAL	General Manager	6.06.2018	İstanbul Technical University - Metallurgy Engineering	29 Years
İsmail Kürşad KORKMAZ	Procurement Group Vice President	21.02.2017	Middle East Technical University - Political Science and Public Administration	26 Years
Mustafa Serdar BAŞOĞLU	Financial Management and Financial Affairs Group Vice President	24.09.2020	Karadeniz Technical University - Public Finance	18 Years
Fatih ÇITAK	Marketing and Sales Group Vice President	18.01.2020	İstanbul Technical University - Industrial Engineering	23 Years
Can ÖRÜNG	Information Technologies Group Vice President	21.02.2017	İstanbul Technical University - Business Administration Engineering	21 Years
Ercan KAYA	Enterprise Architecture and Human Resources Group Vice President	21.07.2020	National Defence University - Business Administartion	34 Years
Sinan BOZKURT	Operations Deputy General Manager	27.09.2021	Middle East Technical University - Metallurgy and Materials Engineering	25 Years

EREĞLİ DEMİR VE ÇELİK FABRİKALARI T.A.Ş.

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BOARD OF DIRECTORS' ACTIVITY REPORT PREPARED IN ACCORDANCE

WITH THE COMMUNIQUÉ SERIAL:II, NO:14.1

• 5. The Transactions of Board Members made on its behalf or on behalf of other and the activities as part of prohibition of competition

  At the Ordinary General Assembly held on 17 March 2022, it is consented to give the authority for transactions for 2022 according to article 395 and 396 of Turkish Commercial Code (TCC) to the Members of the Board.

  No transaction had been realized in this context.

• 6. Collective Labor Agreement Applications and the Benefits

  28th Period Collective Labor Agreement, which will be valid between 01.09.2020-31.08.2022, has been signed on 23 December 2020 between Turkish Employers' Association of Metal

  Industries (MESS) on behalf of our company and Turkish Metal Union as the collective bargaining agency.

  27th Period Collective Labor Agreement which will be valid between 1 January 2021 and 31 December 2022, has been signed on 24 May 2021 between Iron, Steel, Metal and Metallic

  Products Worker's Union and İskenderun Demir ve Çelik A.Ş.

  In the scope of collective agreement applications, the rights and benefits of the employees are classified under bonuses, social benefits, and vacations. Bonuses and social benefits are; bonuses, holy day allowance, heating allowance, paid annual leave allowance, marriage allowance, birth allowance, bereavement allowance (worker's death, worker's spouse's, children's, mother's, father's or sibling's death, in the case of a death as a result of a work accident it will pass onto the worker's heir at law), military service allowance, children allowance, educational allowance (play school, primary school, secondary school, high school, higher education), meal allowance and transportation. Vacations are; paid annual leaves, accompaniment leaves for medical purposes, accompaniment leaves (handicapped child) excused absences, unpaid leaves, and other paid leaves consisting marital leaves, bereavement leaves, pregnancy leaves, maternity leaves, nursing leaves, adoption leaves, part-time work leaves, transport leaves and leaves in case of a natural catastrophe.

  Bereavement allowance (in the case the worker dies), transportation and meal allowance, derived from the social benefits, are given to all employees; the rest is given only to blue-collar workers. Paid annual leaves, leaves of absence with excuse, marital leaves, bereavement leaves, maternity leaves, and pregnancy leave, accompaniment leaves (handicapped child), adoption leaves, part-time work leaves, transport leaves, unpaid leaves and nursing leaves can be taken by all employees; the rest is taken only by blue-collar workers.

  The number of the personnel employed by the Group as of reporting date:

31 March	31 December
2022	2021
Personnel	Personnel
Hourly paid	8.543	8.585
Monthly paid	4.171	4.203
12.714	12.788