With the special situation statement dated 16.07.2024, it was announced that in the case filed against the Antalya Metropolitan Municipality and Muratpaşa Municipality requesting the cancellation of the 1/5000 Scale Master Zoning Plan, 1/1000 Scale Implemantation Plan and the construction license attached to this plan given for the reconstruction project of Divan Talya Hotel and the renewal of the conference center; Antalya Administrative Court rejected the request for cancellation of the 1/5000 scale Master Zoning Plan and accepted the request for cancellation of the 1/1000 scale Implementation Plan and the construction license attached to this plan by majority vote.

Based on the court decision, Muratpaşa Municipality decided to stop the construction as of 26.07.2024.

As stated in the special situation statement dated 16.07.2024, the decision given by the first instance court is not final and an appeal against the decision is open to a higher court. It has been learned that Antalya Metropolitan Municipality has filed an appeal against the court decision. Our company will also file an appeal against the court decision along with a request to stay of execution of cancellation of the 1/1000 Scale Implementation Plan and the construction license attached to this plan.

Developments regarding the issue will be shared with our investors through special event disclosure and/or activity reports, depending on the importance of the issue.

  
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.