Remuneration Policy

VERUSATURK GİRİŞİM SERMAYESİ YATIRIM ORTAKLIĞI A.Ş. REMUNERATION POLICY

1. PURPOSE AND SCOPE

Verusaturk GSYO A.Ş. (Verusaturk GSYO) Remuneration Policy document defines the remuneration system and applications of Verusaturk GSYO and the principles and rules required for structuring, monitoring and controlling these applications. The Remuneration Policy defines the basic principles of Verusaturk GSYO's remuneration approach, reflects Verusaturk GSYO's mission, strategy and values used in this approach, and highlights the governance principles and compliance needs for remuneration practices. The remuneration policy includes managers and employees at all levels of Verusaturk GSYO

2. PRINCIPLES AND APPLICATION PRINCIPLES
A fixed wage is determined at the ordinary general meeting every year to be valid for all members of the Board of Directors. Fixed wages are cash payments made in fixed amounts at certain times of the year on a regular and continuous basis, regardless of performance. Such wages are determined by considering the financial situation of Verusaturk GSYO and are paid mainly to all employees according to the working time, title and the nature of the job. It is essential that fixed wages to be paid to the Board Members, Senior Management and employees of Verusaturk GSYO are compatible with the ethical values, internal balances and strategic targets of Verusaturk GSYO and not associated with short-term performance.

3. DUTIES AND RESPONSIBILITIES
The ultimate authority and responsibility for ensuring the effective execution and management of Verusaturk GSYO's remuneration practices within the framework of the relevant legislation and this Policy belongs to Verusaturk GSYO's Board of Directors. The Board of Directors ensures the effectiveness of the Policy by reviewing it at least once a year. Verusaturk GSYO's senior management is responsible against the Board of Directors for the effective execution and management of the company's remuneration practices within the framework of the relevant legislation and this Policy.