Summary Info Dividend Distribution
Update Notification Flag Yes
Correction Notification Flag No
Postponed Notification Flag No
Board Decision Date 01.03.2017
Date of Related General Assembly 24.03.2017
Was The Issue of Dividend Payment Negotiated? Discussed
Type of Cash Dividend Payment Payment In Advance
Currency Unit TRY
Type of Stock Dividend Payment Will be paid
Amount and Rate of Cash Dividend Payment
Share Group Info Payment Cash Dividend To Be Paid For Share With Par Value of 1 TL - Gross (TL) Cash Dividend To Be Paid For Share With Par Value of 1 TL - Gross (%) Cash Dividend To Be Paid For Share With Par Value of 1 TL - Net (TL) Cash Dividend To Be Paid For Share With Par Value of 1 TL - Net (%)
A Grubu, İşlem Görmüyor, TREENKA00029 Payment In Advance 0,12 12 0,108132 10,8132
B Grubu, ENKAI, TREENKA00011 Payment In Advance 0,12 12 0,108132 10,8132
Cash Dividend Payment Dates
Payment Proposed
Ex-Dividend Date 		Final
Ex-Dividend Date 		Payment Date Record Date
Payment In Advance 19.04.2017 19.04.2017 21.04.2017 20.04.2017
Amount and Rate of Cash Dividend Stock Dividend Payment
Share Group Info Amount of Stock Dividend (TL) Rate of Stock Dividend (%)
A Grubu, İşlem Görmüyor, TREENKA00029 1,111 9,52014
B Grubu, ENKAI, TREENKA00011 399.999.998,889 9,52381
Additional ExplanationsOur Board of Directors resolved, after the analysis of Consolidated Balance Sheet and Profit - Loss statements for the year 2016, prepared in accordance with the Turkish Accounting Standards, to propose to the General Assembly to prepare the dividend distribution table from the Net Distributable Profit for the period from January 01, 2016 to December 31, 2016 as;

Advance Dividend paid to the share certificate holders 280,000,000 TL

To the share certificate holders (as Cash) 504,000,000 TL

To the share certificate holders (as Bonus issue) 400,000,000 TL

To the bonus certificate holders 29,352,026 TL

to distribute 504.000.000 TL cash dividend starting from April 19, 2017, by taking into account the legal status of the shareholders representing the 4,200,000,000 TL equity, as being 12.00% gross and 10.8132% net dividend

to add 400,000,000 TL which will be distributed as shares dividend to share capital

to allocate the remaining as extraordinary reserve fund after retaining the legal reserve.

This proposal has been approved by the General Assembly.

(Translation into English is just for informational purposes. In case of a discrepancy between the Turkish and the English versions, the Turkish version shall prevail.)

DIVIDEND DISTRIBUTION TABLEENKA İNŞAAT VE SANAYİ A.Ş. 01.01.2016/31.12.2016 Period Dividend Payment Table (TL)
1.Paid-In / Issued Capital 4.200.000.000
2. Total Legal Reserves (According to Legal Records) 560.569.667,2
Information on privileges in dividend distribution, if any, in the Articles of Association: -
* Based on CMB Regulations Based on Legal Records
3. Current Period Profit 2.376.642.000 1.734.456.761,67
4. Taxes Payable (-) 567.510.000 76.182.715,54
5. Net Current Period Profit 1.776.611.000 1.658.274.046,13
6. Losses in Previous Years (-) 0 0
7. Primary Legal Reserve (-) 82.913.702,31 82.913.702,31
8. NET DISTRIBUTABLE CURRENT PERIOD PROFIT 1.693.697.297,69 1.575.360.343,82
Dividend Advance Distributed (-) 280.000.000 0
Dividend Advance Less Net Distributable Current Period Profit 1.413.697.297,69 0
9. Donations Made during the Year ( + ) 11.051.018,96 0
10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated 1.424.748.316,65 0
11. First Dividend to Shareholders 0 0
* Cash 504.000.000 0
* Stock 400.000.000 0
12. Dividend Distributed to Owners of Privileged Shares 0 0
13. Other Dividend Distributed 0 0
* To the Employees 0 0
* To the Members of the Board of Directors, 0 0
* To None Shareholders 0 0
14. Dividend to Owners of Redeemed Shares 29.352.025,79 0
15. Second Dividend to Shareholders 0 0
16. Secondary Legal Reserves 60.335.202,58 0
17. Statutory Reserves 0 0
18. Special Reserves 0 0
19. EXTRAORDINARY RESERVES 420.010.069,33 301.673.115,46
20. Other Distributable Resources 0 0
Dividend Rates Table
Share Group CASH DIVIDEND AMOUNT (TL) - NET STOCK DIVIDEND AMOUNT (TL) TOTAL DIVIDEND AMOUNT (TL) / NET DISTRIBUTABLE CURRENT PERIOD PROFIT (%) DIVIDEND TO BE PAID FOR SHARE WITH PAR VALUE OF 1 TL - NET (TL) DIVIDEND TO BE PAID FOR SHARE WITH PAR VALUE OF 1 TL - NET (%)
A Grubu 1,96 1,11 0 0,263 26,3
B Grubu 706.465.384,96 399.999.998,89 65,3 0,263 26,3
TOTAL 706.462.386,93 400.000.000 65,3 0,263 26,3
Dividend Payment Table Explanation280.000.000 TL out of 784.000.000TLcash dividend had been distributed as Advance Dividend of 2016 by applying a witholding tax of 15% further to the Board of Directors' resolution. For 504.000.000 TL gross, and 454.156.320 TL net which will be distributed from the year end profit, at a rate of 12,00% gross and 10,8132% net for each 1 TL nominal valued share, a witholding tax of 9,89% will be applied.

To the holders of each Group A and Group B shares, Group B share dividend would be given in a rate of 9,5238%; as total amount 400.000.000 TL bonus share.

The secondary legal reserve of the advance dividend which was distributed within the year is included in secondary legal reserves in line 16.

(Translation into English is just for informational purposes. In case of a discrepancy between the Turkish and the English versions, the Turkish version shall prevail.)

Enka Insaat ve Sanayi AS published this content on 24 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 March 2017 16:01:12 UTC.

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