Assessment from the Chair of the Board

As Inveo Yatırım Holding, we created a sustainable impact in our country in economic, social and environmental terms by increasing the gains and added value provided by the companies in our ecosystem in 2022 and maintained our leading position in our fields of activity.

We anticipate that the capital markets will maintain their rapid growth in the upcoming period. Accordingly, in 2022, we expanded the percentage of our share in Gedik Yatırım, the leading brokerage firm in the Turkish capital markets, to 84.87%. During the year, we participated in the paid-up capital increase performed by the Company for the purpose of further strengthening its equity.

Operating permit for Misyon Yatırım Bankası has been approved by the BRSA. We believe that we will be game-changers in the field of financial services in Türkiye, guided by technology as well as the unique and pioneering business model that we built from the perspective of an ecosystem bank.

Recognizing the transformative power of crypto-assets, decentralized finance and blockchain technology in the global market, we took the first step and established Ichain Yatırım Holding to invest and establish a company in this field.

In 2023, as we celebrate the 100th anniversary of our Republic, we will continue, as Inveo Yatırım Holding, to work with great enthusiasm and provide value by effectively deploying all our resources to contribute to the goal of bringing our country to the level of modern civilization via the path envisioned by the Great Leader, Mustafa Kemal Atatürk.

ERHAN TOPAÇ

ERHAN TOPAÇ

Chair of the Board of Directors

Key Financial and Operational Indicators

Total Assets (TL Million)

2020 2019 2018 2021 1,224.3 771.2 205.6 118.6 2022 4,310.1 CAGR (2018-2022) 105% 2022 Annual Rate of Change 252%

Net Profit for the Period (TL Million)

2020 2019 2018 2021 327.1 537.9 83.8 25.2 2022 1,971.5 2022 Annual Rate of Change 503% CAGR (2018-2022) 139%

Direct Investments (Qty)

2020 2019 2018 2021 17 12 9 6 2022 17 6

Long-Term Financial Investments (TL Million)

118.5 112.5 200.8 197.2 747.8 718.9 1,183.0 867.8 3,888.5 3,154.3 Gedik Total CAGR (2018-2022) 95% CAGR (2018-2022) 101% 2022 Annual Rate of Change 263% 2022 Annual Rate of Change 229% 2020 2019 2018 2021 2022

Indirect Investments (Qty)

2020 2019 2018 2021 88 64 52 2022 115 A total of 27 indirect investments were made in 2022 14

Long-term Financial Investments -
Excluding Gedik Yatırım (TL Million)

2020 2019 2018 2021 315.2 28.9 3.6 2022 734.2 6.0 CAGR (2018-2022) 162% 2022 Annual Rate of Change 133%

Equities (TL Million)

2020 2019 2018 2021 1,165.4 705.2 167.3 6 2022 3,209.5 63.9 CAGR (2018-2022) 119% 2022 Annual Rate of Change 175%

Market Value (TL Million)

2020 2019 2018 2021 2,655.4 1,358.4 236.1 2022 7,420.8 CAGR (2018-2022) 153% 2022 Annual Rate of Change 179% 72.0

CAGR: Compound Annual Growth Rate

Assessment from the CEO

In 2022, from a financial and administrative perspective, we have made organizational changes to better and more efficiently manage our successful subsidiaries and affiliates in various fields of activity. In shaping our new organizational structure, we focused on maximizing the value we create for our stakeholders within the Inveo ecosystem by enhancing synergy opportunities between companies.

In 2022, in addition to submitting an application to the BRSA for operating permit, we further strengthened our capital structure by raising the Company’s capital to TL 500 million. As Inveo, we are very pleased to strengthen our position as a major shareholder of Gedik Yatırım, increasing our stake to 84.87% in 2022.

We established Inveo Ventures, which will serve as the brand face of our venture capital business line. We have positioned Inveo Ventures as the first point of contact in our investment processes for those startups that we believe can shape the future.

We established Ichain Yatırım to form collaborations and investments in blockchain, crypto assets and decentralized finance areas. Ichain is preparing to make its first investments in 2023.

As Inveo Yatırım Holding, we will continue to work with great determination and perseverance to create value for our country in all our operating areas, guided by science and reason, the two most important legacies left to our country by Mustafa Kemal Atatürk.

ONUR TOPAÇ

ONUR TOPAÇ

Vice Chair of the Board and General Manager