Earnings Documents (3Q25 Interim Report CCI)

PUBLIC

COMMENTS FROM THE CEO, KARIM YAHI 2

ABOUT CCI 4

SHAREHOLDING STRUCTURE 4

BOARD OF DIRECTORS 4

MANAGEMENT 5

DEVELOPMENTS DURING THE PERIOD 6

SUBSEQUENT EVENTS 28

ADDITIONAL INFORMATION RELATED TO OPERATIONS 30

SHAREHOLDERS' INFORMATION 32

SUBSIDIARIES 33

FINANCIAL AND OPERATIONAL PERFORMANCE 34

Karim Yahi, CEO of Coca-Cola Içecek (CCI), commented:

With the first nine months of 2025 behind us, we continue to execute on our strategic priorities with a clear focus on affordability, balanced volume and value-led growth, as outlined at the beginning of the year. Despite persistent macroeconomic and geopolitical challenges, as well as the stickiness of inflation in several of our markets, our diversified product and country portfolio once again demonstrated resilience, agility, and our ability to successfully navigate the complexities of emerging and frontier markets.

In the face of these challenges, we delivered strong results, achieving high single-digit volume growth on a consolidated level, a clear testament to our strong execution capabilities and broad geographic footprint, while continuing to expand operating profitability and create value, with this quarter marking a stronger improvement compared to previous ones.

In 3Q25, we achieved an 8.9% year-on-year increase in consolidated sales volumes, reaching 477 million unit cases ("uc"). All international markets contributed positively, with Uzbekistan and Kazakhstan maintaining their strong momentum from the previous quarter. Central Asian operations in general delivered a very robust performance by growing 27.0% in total. Despite the impact of floods, Pakistan operations also delivered a positive contribution. Meanwhile, Türkiye operations recorded a modest decline of 1.7%, mainly due to a double-digit decline in water, in line with our multi-year increased focus on value-adding categories. In Türkiye, Coca-Cola™ grew by 1% and the stills category delivered strong double-digit growth, partially offsetting the decline in water. This is the result of our continued focus on creating sustainable value, supported by among other things, product mix optimization as one of the key revenue growth management initiatives.

As mentioned in our previous earnings calls, while the first half of the year was more volume-driven, the focus in the second half has shifted towards value, supported by disciplined execution and revenue growth management actions, a shift clearly reflected in our third quarter results and demonstrating the agility of our business. In the third quarter we delivered quality growth both with and without inflation accounting. With inflation accounting, our operating profit margin expanded by 125 bps year on year. Excluding inflation accounting effects, we also achieved solid margin expansion year-on-year in both gross profit and EBIT. Our pre-inflation EBIT margin of 20.4% in 3Q25, is among the highest 3rd quarter margins in the last decade.

In the first nine months, the combination of strong volume growth and EBIT delivery ranks CCI among the highest within international peers. Without inflation accounting,

we reported $2.72 NSR/uc and $606 mn EBIT, reflecting a five-year track record of consistency. Over this period, Revenue and EBIT grew at 17% CAGR in USD, driven by 7% volume CAGR, underscoring our focus on delivering sustainable, long-term value.

In October 2025, S&P Global Ratings affirmed CCI's long-term issuer credit rating at BB+ and upgraded its outlook from 'Negative' to 'Stable'. Given the macroeconomic challenges and high cost of borrowing in Türkiye, S&P's outlook revision is the outcome of CCI's ability to effectively leverage its diversified operating footprint and maintain a strong balance sheet discipline. CCI's rating stands two notches above Sovereign and remains one of the highest assigned by S&P in Türkiye.

As we approach the final months of the year, we remain focused on managing volatility and driving profitable growth. We remain confident in delivering our full year EBIT guidance. While NSR/uc performance may come in slightly below our initial expectations, our volume delivery is ahead of our plans, and we expect EBIT margin dilution vs. prior year to remain within the acceptable range of what we characterized as "slight" at the beginning of the year. What truly differentiates us is not only our results, but the passion and purpose of our people and that remains our greatest source of strength as we move forward.

CCI , a subsidiary of Anadolu Group, is a Turkish multinational beverage company which operates in Türkiye, Pakistan, Kazakhstan, Iraq, Uzbekistan, Bangladesh, Azerbaijan, Kyrgyzstan, Jordan, Tajikistan, Turkmenistan, and Syria. CCI produces, distributes and sells sparkling and still beverages of The Coca-Cola Company and Monster Energy Beverage Corporation along with the production of fruit juice concentrate via its affiliate Anadolu Etap İçecek (Anadolu Etap Penkon Gıda ve İçecek Ürünleri Sanayi ve Ticaret Anonim Şirket).

CCI employs more than 10,000 people, has a total of 36 bottling plants, and 3 fruit processing plants in 12 countries, offering a wide range of beverages to a population base of 600 million people. In addition to sparkling beverages, the product portfolio includes juices, waters, sports and energy drinks, iced teas and coffee.

CCI's shares are traded on the Borsa Istanbul Stock Exchange (BIST) under the symbol "CCOLA.IS".

The Articles of Association of our Company do not stipulate any privileges for the exercise of voting rights.

CCI has a Board of Directors consisting of 12 members, 4 of whom are independent. The Board Members, elected to the Board of Directors for 1 year at the Ordinary General Assembly Meeting, which was held on April 8, 2025:

In 9M25, there are no situation which revoked the independence of independent members of the Board of Directors.

There are four committees active under CCI's Board of Directors: Audit Committee, Corporate Governance Committee, Risk Detection Committee and Sustainability Committee. According to the Board of Directors resolution dated 08.04.2025, the members of the Committees are as follows:

*Not a board member

• Consolidated sales volume down by 11.5% y/y

• Consolidated sales volume up by 7.3% y/y

• Türkiye sales volume up by 18.4% y/y

• International sales volume slightly up by 1.4% y/y

• The sparkling category's sales volume up by 6.8% y/y

• The stills category's sales volume up by 8.8% y/y

• Fuse Tea significantly increased by 29.8% y/y

• Immediate Consumption ("IC") mix up by 360 bps y/y, reaching 30.0% in

  international markets

• Low/No sugar share in sparkling portfolio up by 17pp y/y in CCI consolidated

  FY24 Key Highlights

• Consolidated reported sales volume down by 2.6% y/y

• Consolidated reported sales volume down by 2.2% y/y

• Türkiye sales volume slightly up by 0.1% y/y

• International sales volume down by 3.6% y/y

• The sparkling category's sales volume down by 4.4% y/y

• The stills category's sales volume up by 9.4% y/y

• Remarkable volume performance of Fuse Tea, up by 19.7%, cycling 13.3% growth

• IC mix up by 183 bps y/y, reaching 29.2% on a consolidated basis

• Low/No sugar share in sparkling portfolio up by 7pp y/y in Türkiye and by 2pp

  y/y in CCI consolidated

  13.01.2024 2025 Volume Guidance

  In 2024, we navigated a complex operating environment characterized by macroeconomic challenges, the cumulative impact of years of inflation, and ongoing geographical sensitivities caused by the spill-over from the conflict in the Middle-East, all contributing to the decline in consumer purchasing power and demand. We assume that context in our geographies will remain challenging in 2025 yet we remain committed delivering quality growth. Based on our learnings from 2024, we will continue to focus on what we can control to create volume growth, and we will therefore focus on disciplined daily execution, smart pricing to ensure our products remain affordable to consumers across our markets and quality mix management. Last but not the least, in line with our principle to invest ahead of demand and demonstrating our belief in the long-term potential of our markets, we will plan to open two new plants in Iraq and Azerbaijan to be operational in 2025. Our company's volume expectations for 2025 are as follows:

  Sales Volume*:

  Mid-single digit volume growth on a consolidated basis;

• Low to mid-single digit growth both in Türkiye

• Mid to high-single digit growth the international operations

* excluding Bangladesh (organic growth)

The redemption and final coupon payment of the TL 1.000.000.000 364 days of notes, which had the maturity date of 17.01.2025 and fixed interest rate of 46.50%, issued to domestic investors have been completed as of today.

Our company has signed an agreement with SAHA Kurumsal Yönetim ve Kredi Derecelendirme Hizmetleri A.Ş. on 20th January 2025 to renew its corporate governance rating for two rating periods. SAHA Kurumsal Yönetim ve Kredi Derecelendirme Hizmetleri A.Ş. is officially authorized to make corporate governance rating assesment in compliance with the Corporate Governance Principles of the Capital Markets Board.

Currency Unit : USD

Limit : 750,000,000

Issue Limit Security Type : Debt Securities

Sale Type : Oversea

Domestic / Oversea : Oversea

Type : Bond

Maturity Date : 20.01.2029

Maturity (Day) : 2,520

Interest Rate Type : Fixed Rate

Interest Rate - Yearly Simple (%) : 4.50

Sale Type : Oversea

CMB Approval Date : 30.12.2021

Ending Date of Sale : 20.01.2022

Maturity Starting Date : 20.01.2022

Nominal Value of Capital Market Instrument Sold : 500,000,000

Issue Price : 98.526

Coupon Number 14

Currency Unit : USD

The Chief Financial Officer of CCI - Erdi Kurşunoğlu - has decided to leave CCI. Since joining CCI in 2021 first as Finance Director for Pakistan and currently as Chief Financial Officer (CFO), Erdi Kurşunoğlu has effectively led the finance team in maintaining a robust control environment, strategically planning investments and performance, engaging with investors, and delivering solid results.

CCI's Board of Directors has resolved to appoint Çiçek Özgüneş, current Finance Director of CCI's Türkiye operation to replace Mr. Kurşunoğlu effective 1st March 2025.

Çiçek Özgüneş brings 25 years of professional experience with extensive knowledge in corporate finance. Since she has been appointed in 2024 as Türkiye Finance Director, Ms. Özgüneş has been driving financial strategy, operational finance, and regulatory compliance in Türkiye. Prior to her current role, Ms. Özgüneş had a strong background in corporate finance and investor relations, having successfully played a key role at CCI as Investor Relations and Treasury Director between 2020 and 2024.

Ms. Özgüneş has been part of the Anadolu Group for two decades where she has led strategic initiatives in debt and equity capital markets, focusing on public and private offerings, capital structuring, risk and liquidity management, corporate governance, and investor relations. Ms. Özgüneş is fluent in English and German. Ms. Özgüneş holds an MBA degree (2005) from Boğaziçi University and Bachelor of Arts in Business Administration in German (2000) from Marmara University

In accordance with the article 4.2.8 of Corporate Governance Principles in Capital Markets Board's Corporate Governance Communiqué (II-17.1), the "Directors and Officers Liability Insurance" policy of our Company has been renewed with the insurance coverage limit of 25,000,000 USD.

Our consolidated financial statements for 01.01.2024 - 31.12.2024 accounting period has been disclosed. Please find the related earning release on Investor Relations website.

2024 was a year marked by a persistent high inflation, combined with the spill-over from the conflict in the Middle East. Yet, our actions and relative improvement in market

dynamics enabled gradual volume recovery in our key markets, Türkiye and Pakistan,

particularly in the last quarter of the year.

Cycling a difficult operating environment in 2024, we will remain focused on what we can control in 2025, staying true to our purpose of creating sustainable value. To that effect, we will focus on driving volume growth by prioritizing affordability for consumers, delivering world-class execution with our customers and an overall commitment to operational excellence.

Following the announcement of our 2025 volume guidance, we now offer a more detailed guidance on NSR/uc and EBIT margin, both on a reported basis and excluding TAS 29 adjustments. Additionally, we have incorporated Bangladesh into our 2025 volume expectations, with a limited impact on the previously provided volume guidance. Thus, we continue to uphold our previous volume guidance. This additional information offers further clarity on the financial outlook and demonstrates our ongoing commitment to transparent communication with our stakeholders.

Our company's expectations for 2025 are as follows on a reported basis: Sales Volume:

Mid-single-digit volume growth on a consolidated basis

• Low to mid-single-digit growth in Türkiye

• Mid to high-single-digit growth in international operations

With inflation accounting, we expect to deliver mid-single-digit NSR/uc growth with flat EBIT margin.

Without the impact of inflation accounting, FX neutral NSR/uc to grow by low twenties with revenue increases in local currencies balancing cost inflation and price affordability to drive volume growth with slight EBIT margin pressure.

As per the consolidated financial statements of our company prepared in accordance with CMB accounting standards, in 2024, our Company recorded a net income of TL 14,813,376,000.00. The Board of Directors resolved to propose to the General Assembly the distribution of gross dividends of TL 3,000,099,877.06, after legal liabilities are deducted from 2024 net income starting from 26 May 2025. As per the proposal, the remainder of 2024 net income will be added to the extraordinary reserves. Subject to the approval of the General Assembly, entities which are Türkiye resident taxpayers or entitled to such dividends through a permanent establishment or a permanent representative in Türkiye, will be paid a gross cash dividend of TL 1.0722 (net TL 1.0722) per 100 shares, representing TL 1 nominal value. While other shareholders will receive gross TL 1.0722 (net TL 0.91137) per 100 shares.

The dividend distribution table and informative table on dividend rates are available on the public disclosure.

2024 Corporate Governance Compliance Report has been published. Please find the related report on Investor Relations website and Public Disclosure Platform.

2024 Corporate Governance Information Form has been published. Please find the related form on Investor Relations website and Public Disclosure Platform.

2024 Integrated Annual Report is available at our Company website.

2024 Sustainability Principles Report has been published. Please find the related report on Investor Relations website and Public Disclosures Platform.

In accordance with the regulations of the Turkish Commercial Code, the Capital Markets Board, and the Public Oversight, Accounting, and Auditing Standards Authority ("KGK"), our Board of Directors, with the opinion of the Audit Committee, resolved on March 12, 2025, to appoint an independent auditor for the 2025 fiscal year. Within this scope, PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş. has been selected to audit the Company's financial statements for the 2025 fiscal year. Additionally, subject to KGK's authorization for independent sustainability assurance, PwC will be responsible for conducting 2024 and 2025 mandatory sustainability assurance audits and other relevant activities under the Turkish Sustainability Reporting Standards ("TSRS"). This appointment will be submitted for the approval of the General Assembly. Furthermore, PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş. was authorized by KGK on February 18, 2025, to conduct independent assurance activities in the field of sustainability.

Our Company's Board of Directors resolved that, Our Company's Shareholders be invited to the 2024 Ordinary General Assembly meeting to be held on 8 April 2025 at 11:00 a.m. at Dudullu OSB Mah. Deniz Feneri Sk. No: 4 Ümraniye 34776 Istanbul to discuss the agenda items specified in the appendix and to apply to the Ministry of Trade of the Republic of Turkey to invite the superintendent and to execute other necessary legal procedures.

Within the scope of our Company's debt instrument issuance limit of TL 5.000.000.000 approved by the Capital Markets Board's decision dated 05.12.2024 (No. 62/1860), the demand collection process has been conducted for the bond with ISIN code TRFCOLA32615, maturity of 363 days, floating interest rate, coupon payment once every three months, and redemption date of 18.03.2026. The issuance of a nominal TL 1.600.000.000 designated for sale to qualified investors without public offering was successfully completed on 19.03.2025, with the settlement date of 20.03.2025. İş Yatırım Menkul Değerler A.Ş. acted as an intermediary in this transaction.

The conclusion section of the report with respect to the terms and conditions of the transactions which are common and of a continuous nature between the Company and its subsidiaries and related parties and expected to reach, during 2025, 10% or more of the cost of sales or revenues stated in the publicly disclosed 2024 annual financial statements of the Company, and comparing these transactions with market conditions, is as follows: "As a result of the evaluation made as per paragraph 3 Article 10 of the Capital Markets Board's "Corporate Governance" communiqué (II.17.1), by taking into

account also the work undertaken by the Independent Audit Firm with respect to those transactions which are common and of a continuous nature between our Company and The Coca-Cola Export Corporation and its subsidiaries and our subsidiary Coca-Cola Satış ve Dağıtım A.Ş. and expected to reach, during 2025, 10% or more of the cost of sales or revenues stated in the publicly disclosed 2024 annual financial statements of our company, it is concluded that; the transaction conditions of Raw Material purchases which are contemplated to be made by and between our Company and its related parties, The Coca-Cola Export Corporation and its subsidiaries, and sales which are expected to be made to Coca-Cola Satış ve Dağıtım A.Ş. in 2025 shall be consistent with the transactions of previous years and at arm's length when compared with market conditions."

2nd coupon periodic interest rate has been determined as 12,1152% for the bond with the ISIN code of TRSCOLA92612.

Currency Unit : TRY

Limit : 3,000,000,000

Issue Limit Security Type : Debt Securities

Sale Type : Sale to Qualified Investor

Domestic / Oversea : Domestic

Type : Bond

Maturity Date : 25.09.2026

Maturity (Day) 730

Interest Rate Type : Floating Rate

Floating Rate Reference : TLREF

Additional Return (%) : 0.90

Sale Type : Sale to Qualified Investor

Approval Date of Tenor Issue Document : 07.12.2023

Ending Date of Sale : 24.09.2024

Maturity Starting Date : 25.09.2024

Nominal Value of Capital Market Instrument Sold : 935,000,000

Issue Price 1

Coupon Number 8

Currency Unit : TRY

Currency Unit : TRY

Limit : 2,000,000,000

Issue Limit Security Type : Debt Securities

Sale Type : Sale to Qualified Investor

Domestic / Oversea : Domestic

Type : Bond

Maturity Date : 01.10.2025

Maturity (Day) 734

Interest Rate Type : Fixed Rate

Interest Rate - Yearly Simple (%) : 47.00

Sale Type : Sale to Qualified Investor

Approval Date of Tenor Issue Document : 20.09.2023 Ending Date of Sale : 28.09.2023

Maturity Starting Date : 28.09.2023

Nominal Value of Capital Market Instrument Sold : 2,000,000,000 Issue Price 1

Coupon Number 8

Currency Unit : TRY

The Ordinary General Assembly of Coca-Cola İçecek A.Ş. (CCI) relating to the 2024 financial year was held on April 8, 2025, and summary of items discussed and approved are as follows:

1. Company's Financial Statements for the year 2024 prepared in accordance with

   the Capital Markets legislation and Integrated Annual Report were approved.

2. Board Members were individually released from activities and operations of the Company pertaining to the year 2024.

3. As per the consolidated financial statements of our company prepared in accordance with CMB accounting standards, in 2024, our Company recorded a net income of TL 14,813,376,000.00. The distribution of gross dividends of TL 3,000,099,877.06, after legal liabilities are deducted from 2024 net income starting from 26 May 2025 was approved. As per the decision, the remainder of 2024 net income will be added to the extraordinary reserves.

4. Kamilhan Süleyman Yazıcı, İlhan Murat Özgel, Talip Altuğ Aksoy, İbrahim İzzet Özilhan, Sadettin Ahmet Bilgiç, Burak Başarır, Mehmet Hurşit Zorlu, Rasih Engin Akçakoca, Lale Develioğlu (Independent), Prof. Dr. Barış Tan (Independent), İlhami Koç (Independent) and Emin Ethem Kutucular (Independent) were elected to the Board of Directors for 1 year and until their successors are elected in the subsequent Ordinary General Assembly. It was approved that an annual gross remuneration of TL 2,700,000 to be paid to each independent board member. No remuneration will be paid to the other board members for their role as a board member.

5. In accordance with the regulations of the Turkish Commercial Code, the Capital Markets Board, and the Public Oversight, Accounting, and Auditing Standards Authority ("KGK"), our Board of Directors, with the opinion of the Audit

   Committee, resolved on March 12, 2025, to appoint an independent auditor for the 2025 fiscal year. Within this scope, PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş as an external independent auditor for the 2025 financial year, was approved.

6. The shareholders were informed about the Company's donations of TL 92,218,261 to Anadolu Education and Social Aid Foundation and TL 1,196,072 to other charitable associations and tax-exempt foundations.

7. The shareholders were informed that there were no guarantees, pledges, mortgages and surety issued by the Company in favor of third parties and accordingly there were not any income or benefit obtained by the Company, in accordance with the Capital Markets Board's regulations.

8. Information was provided to the shareholders that there were no transactions within the context of Article 1.3.6. of Annex-1 of the Corporate Governance Communiqué (II-17.1) of the Capital Markets Board, where shareholders who have a management control, members of the board of directors, managers with administrative liability and their spouses, relatives by blood or marriage up to second degree conduct a significant transaction with the Company or its subsidiaries thereof which may cause a conflict of interest, or/and conduct a transaction on behalf of themselves or a third party which is in the field of activity of the Company or its subsidiaries thereof, or become an unlimited shareholder to a corporation which operates in the same field of activity with the Company or its subsidiaries thereof in 2024.

9. The granting of authorization to the members of the board of directors within the framework of articles 395 (Prohibition to Transact with and Incur Indebtedness to the Company) and 396 (Non-Competition) of the Turkish Commercial Code was approved.

As per the consolidated financial statements of our company prepared in accordance with CMB accounting standards, in 2024, our Company recorded a net income of TL 14,813,376,000.00. The Board of Directors' resolution to the distribution of gross dividends of TL 3,000,099,877.06, after legal liabilities are deducted from 2024 net income starting from 26 May 2025 was approved at the General Assembly. As per the proposal, the remainder of 2024 net income will be added to the extraordinary reserves. Entities which are Türkiye resident taxpayers or entitled to such dividends through a permanent establishment or a permanent representative in Türkiye, will be paid a gross cash dividend of TL 1.0722 (net TL 1.0722) per 100 shares, representing TL 1 nominal value. While other shareholders will receive gross TL 1.0722 (net TL 0.91137) per 100 shares.

The dividend distribution table and informative table on dividend rates are available on the public disclosure.

Within the scope of our Company's debt instrument issuance limit of TL 5.000.000.000 approved by the Capital Markets Board's decision dated 05.12.2024 (No. 62/1860), the demand collection process has been conducted for the bond with ISIN code TRFCOLA42614, maturity of 364 days, floating interest rate, coupon payment once every three months, and redemption date of 24.04.2026. The issuance of a nominal TL 1.650.000.000 designated for sale to qualified investors without public offering was successfully completed on 24.04.2025, with the settlement date of 25.04.2025. İş Yatırım Menkul Değerler A.Ş. acted as an intermediary in this transaction.

The resolutions taken at our Company's 2024 Ordinary General Assembly, held on April

8, 2025, have been registered by Istanbul Trade Registry Office on April 25, 2025.

On April 18, 2025, the Coca-Cola İçecek A.Ş. Board of Directors resolved that:

1. Mr. Kamilhan Süleyman Yazıcı to be appointed as "Chairperson of the Board of Directors" and Mr.Ilhan Murat Ozgel to be appointed as "Vice-Chairperson of the Board of Directors",

2. Mr. Emin Ethem Kutucular to be appointed as "Chairperson of the Audit Committee" and Mr. Baris Tan to be appointed as "Member of the Audit Committee",

3. Mr. Ilhami Koc to be appointed as "Chairperson of the Corporate Governance Committee" and Mr. Talip Altug Aksoy, Mr. İbrahim İzzet Özilhan, Mr. Sadettin Ahmet Bilgiç, Mr. Mehmet Hurşit Zorlu, Mr. Rasih Engin Akçakoca, Ms. Esel Yıldız Çekin and Mr. Burak Berki to be appointed as "Members of the Corporate Governance Committee",

4. Ms. Lale Develioğlu to be appointed as "Chairperson of the Committee for Early Determination of Risks" and Mr. İbrahim İzzet Özilhan, Mr. Sadettin Ahmet Bilgiç, Mr. Burak Başarır and Mr. Emin Ethem Kutucular to be appointed as "Members of the Committee for Early Determination of Risks",

5. Mr. Barış Tan to be appointed as "Chairperson of the Sustainability Committee" and Mr. İbrahim İzzet Özilhan, Mr. Sadettin Ahmet Bilgiç, Mr. Burak Başarır and Ms. Lale Develioğlu to be appointed as "Members of the Sustainability Committee"

The redemption and coupon payment of the TL 1.065.000.000 272 days of notes, which had the maturity date of 28.04.2025 and fixed interest rate of 50.50%, issued to domestic investors have been completed as of today.

Our consolidated financial statements for 01.01.2025 - 31.03.2025 accounting period has been disclosed. Please find the related earning release on Investor Relations website.

Within the scope of our Company's debt instrument issuance limit of TL 5.000.000.000 approved by the Capital Markets Board's decision dated 05.12.2024 (No. 62/1860), the demand collection process has been conducted for the bond with ISIN code TRFCOLA52613, maturity of 364 days, floating interest rate, coupon payment once every three months, and redemption date of 21.05.2026. The issuance of a nominal TL 1.000.000.000 designated for sale to qualified investors without public offering was successfully completed on 21.05.2025, with the settlement date of 22.05.2025. Garanti Yatırım Menkul Kıymetler A.Ş. acted as an intermediary in this transaction.

Our Company has been evaluating various debt instruments to be utilized for general corporate purposes in the upcoming periods. In this context, Coca-Cola İçecek A.Ş. Board of Directors has authorized our Company's management, by resolution dated June 2, 2025, to take the necessary actions, including the application to the Capital Markets Board of Türkiye ("CMB") to issue and sell notes and/or bonds ("Note" and/or "Bond"), with a maturity up to 2 years, without public offering, to be sold to qualified investors and/or through private placement within a period of 1 year from the date of approval of Capital Markets Board, up to an amount of TRY 10,000,000,000 (TRY Ten Billion) with varying maturities and tranches, with terms and conditions such as amount, cost, timing, and the place of issue to be determined in accordance with market conditions at the date of issuance.

Fitch Ratings ("Fitch") has affirmed Coca-Cola İcecek's ("CCI") Long-Term Issuer Default Rating ("IDR") as 'BBB' with stable outlook. Fitch also maintained CCI's Local-Currency Long-Term Issuer Default Rating and Senior Unsecured Long-Term Ratings as 'BBB', while affirming the National Rating of AAA (tur) with Stable Outlook. The affirmation of CCI's ratings reflects continued strong operating profitability with robust execution of the Company's expansion plan, leading to revenue and EBITDA growth. This is supported by CCI's leading positions in its core markets, the resilient nature of the soft drinks business and CCI's strong capital structure. CCI's rating also benefits from strategic support from The Coca-Cola Company as per Fitch's Parent and Subsidiary Linkage Criteria.

The Competition Board has decided to initiate an investigation on our subsidiary Coca-Cola Satış ve Dağıtım A.Ş. (CCSD) in accordance with Article 41 of the Law No. 4054 on the Protection of Competition to determine whether there has been a violation of Articles 4 and 6.

The fact that the Competition Board has initiated an investigation does not necessarily mean that the company subject to investigation has actually violated The Act on the Protection of Competition No.4054 nor it will be subject to a penalty due to a violation of the Competition Law. Any further developments in the matter will be announced as required by CMB regulations.

JCR Eurasia Rating has evaluated and affirmed "AAA (tr)" long term national issuer credit rating and "J1+ (tr)" short term national issuer credit rating which represent the highest notation with "stable" outlook for Coca-Cola içecek A.Ş.

JCR Eurasia Rating has evaluated and affirmed "BBB" long term international foreign

and local currency issuer credit ratings with "stable" outlook for Coca-Cola İçecek A.Ş.

JCR Eurasia Rating has evaluated and affirmed "AAA (tr)" long term national issuer credit rating and "J1+ (tr)" short term national issuer credit rating which represent the highest notation with "stable" outlook for Coca-Cola Satış ve Dağıtım A.Ş.

JCR Eurasia Rating has evaluated and affirmed "BBB-" long term international foreign and local currency issuer credit ratings with "stable" outlook for Coca-Cola Satış ve Dağıtım A.Ş.

1st coupon periodic interest rate has been determined as 12.7609% for the bond with the ISIN code of TRFCOLA32615.

Currency Unit : TRY

Limit : 5,000,000,000

Issue Limit Security Type : Debt Securities

Sale Type : Sale to Qualified Investor

Domestic / Oversea : Domestic

Type : Bill

Maturity Date : 18.03.2026

Maturity (Day) 363

Interest Rate Type : Floating Rate

Floating Rate Reference : TLREF

Additional Return (%) : 0.50

Sale Type : Sale to Qualified Investor

Approval Date of Tenor Issue Document : 05.12.2024

Ending Date of Sale : 19.03.2025

Maturity Starting Date : 20.03.2025

Nominal Value of Capital Market Instrument Sold : 1,600,000,000

Issue Price 1

Coupon Number 4

Currency Unit : TRY

Our company is holding a Capital Markets Day in London on June 23, 2025, jointly organized with Anadolu Group Holding and group companies. The presentation to be made as part of this event has been published on our website.

3rd coupon periodic interest rate has been determined as 12.8806% for the bond with the ISIN code of TRSCOLA92612.

As per our public announcement following the Company's Board of Directors' resolution dated 02.06.2025, the Company management has been authorized to take the necessary actions, including the application to the Capital Markets Board of Türkiye ("CMB") to issue and sell notes and/or bonds ("Note" and/or "Bond"), up to an amount of TRY 10,000,000,000 (Ten billion Turkish Lira) with a maturity up to two years. In this regard, an official application has been submitted to CMB on 24.06.2025.

Currency Unit : TRY

Limit : 3,000,000,000

Issue Limit Security Type : Debt Securities

Sale Type : Sale to Qualified Investor

Domestic / Oversea : Domestic

Currency Unit : TRY

Limit : 2,000,000,000

Issue Limit Security Type : Debt Securities

Sale Type : Sale to Qualified Investor

Domestic / Oversea : Domestic

Type : Bond

Maturity Date : 01.10.2025

Maturity (Day) 734

Interest Rate Type : Fixed Rate

Interest Rate - Yearly Simple (%) : 47.00

Sale Type : Sale to Qualified Investor

Approval Date of Tenor Issue Document : 20.09.2023

Ending Date of Sale : 28.09.2023

Maturity Starting Date : 28.09.2023

Nominal Value of Capital Market Instrument Sold : 2,000,000,000 Issue Price 1

Coupon Number 8

Currency Unit : TRY

SAHA Kurumsal Yönetim ve Kredi Derecelendirme Hizmetleri A.Ş. (SAHA), one of the companies which is certified by the Capital Markets Board of Turkey (CMB) on Corporate Governance Rating, has confirmed Coca-Cola Içecek A.Ş.'s (CCI) Corporate Governance Rating Score at 9.50 (on a scale of 10.00).

According to the Principles issued by the CMB, the Corporate Governance Rating is determined by taking the weighted average of four sections listed below:

1st coupon periodic interest rate has been determined as 12.8533% for the bond with the ISIN code of TRFCOLA42614.

Currency Unit : TRY

Limit : 5,000,000,000

Issue Limit Security Type : Debt Securities

Sale Type : Private Placement-Sale to Qualified

Investor

Domestic / Oversea : Domestic

Type : Bill

Maturity Date : 24.04.2026

Maturity (Day) 364

Interest Rate Type : Floating Rate

Floating Rate Reference : TLREF

Additional Return (%) : 1.00

Sale Type : Sale to Qualified Investor

Approval Date of Tenor Issue Document : 05.12.2024

Within the scope of our Company's debt instrument issuance limit of TL 5.000.000.000 approved by the Capital Markets Board's decision dated 05.12.2024 (No. 62/1860), a nominal TL 750.000.000 has been issued with redemption date of 04.02.2026. İş Yatırım Menkul Kıymetler A.Ş. acted as an intermediary in this transaction.

Within the scope of our Company's debt instrument issuance limit of TL 5.000.000.000 approved by the Capital Markets Board's decision dated 05.12.2024 (No. 62/1860), a nominal TL 750.000.000 has been issued with redemption date of 04.02.2026. İş Yatırım Menkul Kıymetler A.Ş. acted as an intermediary in this transaction.

Our consolidated financial statements for 01.01.2025 - 30.06.2025 accounting period has been disclosed. Please find the related earning release on Investor Relations website

Our Company's 2024 Sustainability Report in Compliance with TSRS, which has been prepared in accordance with the Türkiye Sustainability Reporting Standards (TSRS) pursuant to the regulations of the Public Oversight, Accounting and Auditing Standards Authority of the Republic of Türkiye, and subjected to the mandatory sustainability assurance audit by PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş., is enclosed herewith and has also been made available to the public on our Company's website.

1st coupon periodic interest rate has been determined as 12.3352% for the bond with the ISIN code of TRFCOLA52613.

Currency Unit : TRY

Limit : 5,000,000,000

Issue Limit Security Type : Debt Securities

Sale Type : Private Placement-Sale To Qualified Investor

Domestic / Oversea : Domestic

Type : Bill

Maturity Date : 21.05.2026

Maturity (Day) 364

Interest Rate Type : Floating Rate

Floating Rate Reference : TLREF

Sale Type : Sale to Qualified Investors

Ending Date of Sale : 21.05.2025

Maturity Starting Date : 22.05.2025

Nominal Value of Capital Market Instrument Sold : 1,000,000,000

Coupon Number 4

Currency Unit : TRY

Redemption Plan of Capital Market Instrument Sold

2nd coupon periodic interest rate has been determined as 11.6846% for the bond with the ISIN code of TRFCOLA32615.

Currency Unit : TRY

Limit : 5,000,000,000

Issue Limit Security Type : Debt Securities

Sale Type : Sale to Qualified Investor

Domestic / Oversea : Domestic

Type : Bill

Maturity Date : 18.03.2026

Maturity (Day) 363

Interest Rate Type : Floating Rate

Floating Rate Reference : TLREF

Additional Return (%) : 0.50

Sale Type : Sale to Qualified Investor

Approval Date of Tenor Issue Document : 05.12.2024

Ending Date of Sale : 19.03.2025

Maturity Starting Date : 20.03.2025

Nominal Value of Capital Market Instrument Sold : 1,600,000,000

Issue Price 1

Coupon Number 4

Currency Unit : TRY

4th coupon periodic interest rate has been determined as 11.667% for the bond with the ISIN code of TRSCOLA92612.

Currency Unit : TRY

Limit : 3,000,000,000

Issue Limit Security Type : Debt Securities

Sale Type : Sale to Qualified Investor

Domestic / Oversea : Domestic

Type : Bond

Maturity Date : 25.09.2026

Maturity (Day) 730

Interest Rate Type : Floating Rate

Floating Rate Reference : TLREF

Additional Return (%) : 0.90

Sale Type : Sale to Qualified Investor

Approval Date of Tenor Issue Document : 07.12.2023

Within the scope of our Company's debt instrument issuance limit of TL 10.000.000.000 approved by the Capital Markets Board's decision dated 31.07.2025 (No. 43/1355), a nominal TL 1.000.000.000 has been issued with redemption date of 30.03.2026. İş Yatırım Menkul Kıymetler A.Ş. acted as an intermediary in this transaction.

The redemption and coupon payment of the TL 2.000.000.000 734 days of notes, which had the maturity date of 01.10.2025 and fixed interest rate of 47.00%, issued to domestic investors have been completed as of today.

S&P Global Ratings affirmed CCI's long-term issuer credit rating as BB+, while revised its outlook to "Stable" from "Negative".The rating action reflects S&P's forecast that CCI's overall credit metrics should stabilize in the next 12-18 months thanks to resilient operating performance and expected decline in borrowing costs in Türkiye.The stable outlook reflects S&P's view that CCI's credit metrics should improve in the next 12-18 months, thanks to a large and leading product portfolio and resilient demand across most markets. Additionally, anticipated reductions in funding costs and capital expenditures in Türkiye will contribute into solid positive free operation cash flow (FOCF) generation and improving EBITDA interest coverage.S&P continues to factor in CCI's successful pass of their ratings above the sovereign stress test,including transfer and convertibility (T&C) assessments, allowing them to rate it above the foreign currency rating on the Turkish government (BB-/Stable).In addition S&P insulated CCI's credit ratings from that of its majority shareholder Anadolu Efes Biracılık ve Malt San. A.Ş. ("AEFES"), which was previously aligned. Under new context S&P can rate CCI up to a maximum of three notches above AEFES.

2nd coupon periodic interest rate has been determined as 11.1544% for the bond with the ISIN code of TRFCOLA42614.

Currency Unit : TRY

Limit : 5,000,000,000

Issue Limit Security Type : Debt Securities

Sale Type : Private Placement-Sale to Qualified Investor

Domestic / Oversea : Domestic