The Board of Directors of Global Yatirim Holding A.S. (IBSE:GLYHO) (Global Investment Holdings) (“GIH”) resolved on February 5, 2021 to approve the Initial Public Offering of Naturelgaz Sanayi ve Ticaret A.S. (“Naturelgaz”), a 95.5% subsidiary of GIH. The planned offering will comprise from issuance of new ordinary shares and sale of existing shares. The Company will issue 14,981,406 new shares, increasing the total number of shares issued from 100,018,594 to 115,000,000.

In addition, GPH plans to sell 16,146,097 existing shares and shall also make additional 3,136,363 shares available pursuant to an over-allotment option. Subject to regulatory approvals, the shares will trade on Borsa Istanbul. the application for the approval of the draft Domestic Prospectus prepared for the initial public offering of Naturelgaz shares has been submitted to the Capital Markets Board of Turkey on February 5, 2021.

Completion of the Offering is conditional upon (i) receipt of customary regulatory approvals of the Capital Markets Board of Turkey and Borsa Istanbul and (ii) finalizing the book-building process.