In his address at the Opening Bell Ceremony, Korkmaz Ergun, the CEO of Borsa İstanbul A.Ş., stated the following:

“Distinguished guests,

Today, I welcome you all to your home, to the Opening Bell Ceremony hosted by our Exchange as we celebrate the listing of Kuzugrup Gayrimenkul Yatırım Ortaklığı A.Ş. (REIT) at our Exchange.

Real Estate Investment Trusts offer investors the opportunity to invest in real estate in a liquid market and diversify their portfolios. Thanks to a strategic decision, Kuzugrup has transformed itself into a real estate investment trust (REIT), launched its IPO and started trading on Borsa İstanbul. I would like to take this opportunity to congratulate the esteemed managers of the company on this strategic decision and this significant step towards institutionalization.

Carrying out tourism and hotel management investments, Kuzugrup operates in an important field that generates foreign currency for our country. With Kuzugrup Gayrimenkul Yatırım Ortaklığı A.Ş. (REIT), Kuzugrup has added another brick to its 80 years of experience in the sector. By starting to be traded on Borsa İstanbul today, the company will share its success with its new partners and continue to grow with the strength it gains from the IPO.

Distinguished guests,

With the high IPO demand, Kuzugrup launched an outstanding IPO with an IPO revenue of over 1 billion TL and a sale to over 2 million investors.

I would like to express my thanks once again to everyone involved and extend a warm welcome to Kuzugrup as part of Borsa İstanbul family. I wish this IPO to be auspicious for our capital markets.”