31.03.2026 General Assembly Information Document

1. Invitation to the General Assembly Meeting dated March 31, 2026

   The Annual Shareholders Meeting of our Company for the year 2025 will be held on Tuesday, March 31, 2026 at 10:00 am at the Company headquarters located at Aeropark, Yenişehir Mahallesi, Osmanlı Bulvarı No: 11/A Kurtköy 34912 Pendik İstanbul and will convene to discuss the following agenda items.

   The Financial Statements of the Company and the Independent Auditor's Report for the year 2025, the proposal of the Board of Directors regarding the use of the Company profit for the year 2025, the 2025 Annual Report of the Board of Directors and the Company's Corporate Governance Compliance Statement with links provided for the Corporate Governance Compliance Report (URF) and the Corporate Governance Information Form (KYBF), (Turkish Sustainability Reporting Standards) TSRS compliant Sustainability Report of the Company for the year 2025 and the Sustainability Compliance Report annexed thereto, and the Information Document containing proposals and information relating to the other agenda items are made available for the review of our shareholders, starting from three weeks prior to the meeting, at our Company headquarters, at our corporate website http://www.pegasusinvestorrelations.com and the Electronic General Assembly Portal of the Central Registry Agency.

   In accordance with Article 415 paragraph 4 of the Turkish Commercial Code No. 6102 and Article 30 paragraph 1 of the Capital Markets Law No. 6362, attendance and voting at the General Assembly is not conditional upon the deposit of Company shares at the Central Registry Agency. Therefore, our shareholders do not have to block their Pegasus shares in the event they would like to attend the General Assembly Meeting.

   Our shareholders who will vote through the Electronic General Assembly System may refer to the Central Registry Agency (https://egk.mkk.com.tr/egkweb/en/ or 444 0 655) for more information on their obligations stipulated in the Regulations and Communiqués regarding Electronic General Assembly participation.

   In accordance with the provisions of the Capital Markets Board Communiqué No. II-30.1 regarding Proxy Voting and Call for Proxies, published in the Official Gazette dated December 24, 2013 and numbered 28862, our shareholders who will have themselves represented at the meeting through proxy must produce their proxy form in line with the proxy form disclosed by the Company and are required to present the signed proxy, certified by a Turkish notary public or the signed proxy alongside a signature circular certified by a Turkish notary public. Proxies appointed electronically through the Electronic General Assembly System do not have to present any written proxy statement. Voting at the General Assembly will be made by show of hands, with provisions relating to electronic voting being reserved.

   Information on the Annual General Assembly Meeting is available on our website: http://www.pegasusyatirimciiliskileri.com. Our shareholders may seek any additional information regarding the General Assembly procedures from Pegasus Investor Relations.

   Pursuant to Article 17, paragraph 1, sub-paragraph (e) of our Articles of Association, the Annual General Assembly Meeting will be open for the attendance of all stakeholders and the press as observers.

   We request the attendance of our shareholders.

   PEGASUS HAVA TAŞIMACILIĞI A.Ş.

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   PEGASUS HAVA TAŞIMACILIĞI A.Ş. AGENDA FOR THE ANNUAL GENERAL ASSEMBLY MEETING DATED MARCH 31, 2026

   1. Commencement and establishment of the Meeting Chairing Committee

   2. Review, discussion and approval of the Annual Activity Report of the Board of Directors, the

      Independent Auditor's Report and the Financial Statements relating to the year 2025

   3. Release of each member of the Board of Directors with respect to the Company's transactions in

      2025

   4. Review and approval of the Board of Directors' proposal for the utilization of the 2025 profit

   5. Appointment of the members of the Board of Directors and determination of their term of office

   6. Determination of the salary, honorarium, bonus and similar financial rights of the members of the Board of Directors

   7. Authorization of the members of the Board of Directors to enter into transactions within the scope of Articles 395 and 396 of the Turkish Commercial Code

   8. Submission of information to the shareholders with respect to the 2025 Turkish Sustainability Reporting Standards (TSRS) Compliant Sustainability Report and approval of the appointment of the independent auditor for audit services in connection with TSRS 1 & 2 for the year 2025, stipulated by the Public Oversight, Accounting and Auditing Standards Authority

   9. Appointment of the Independent Auditor

   10. Submission of information to the shareholders on donations and charitable contributions made in 2025, and determination by the shareholders of a maximum ceiling for donations and charitable contributions to be made in 2026

   11. Submission of information to the shareholders with respect to transactions in 2025 falling within the scope of Article 1.3.6 of the Corporate Governance Principles

   12. Submission of information to the shareholders with respect to Security, Pledge, Mortgage and Surety provided by the Company for the benefit of third parties in 2025 and any income and benefits derived therefrom

   13. Requests and recommendations and close of Meeting

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2. Additional Information provided in accordance with the Corporate Governance Principles of the Capital Markets Board
   1. Pegasus Airlines Shareholding Structure and Information on Shares and Voting Rights

      As of the date of publication of this Information Document, the issued capital of our Company is TL 500,000,000, within the authorized capital ceiling of TL 2,500,000,000, and the capital and shareholding structure as of the same date is as follows:

      Shareholder	Number of Shares	Shareholding Ratio
      Esas Holding	264,056,018	52.81%
      Publicly Traded	226,866,830	43.57%
      Emine KAMIŞLI	3,025,717	0.61%
      Ali İsmail SABANCI	3,025,717	0.61%
      Kazım KÖSEOĞLU	1,152,859	0.30%
      Can KÖSEOĞLU	1,152,859	0.30%
      Total	500,000,000	100.00%

      The Company has not issued any privileged shares, and each Company share gives its titular one vote.

   2. Information on Material Changes in the Management and Operations of Pegasus Airlines and its Subsidiaries

      Information on management and operations of Pegasus Airlines and its consolidated subsidiaries have been disclosed in the relevant sections of the Annual Activity Report. In this respect:

      In 2025, in addition to increase in revenue, the Company exceeded industry performance in terms of EBITDA margin. Operational efficiency indicators continued to improve in 2025 over 2023 and 2024. The Company has demonstrated a coherent and positive performance across the industry and in line with its targets in terms of non-financial (environmental, social and governance / ESG) indicators that are shared with the public since 2021.

      Our Company's fleet investments within the scope of the 2012 Airbus Order1 and growth in the related fleet continued in 2025. In 2025, 9 Airbus A321neo joined our fleet as part of 2012 Airbus Order, bringing the total number of aircraft in our fleet to 127 as of the end of 2025.

      Our Company carried out its activities in 2025 under the motto "Moving towards a sustainable future" was included in the BIST Sustainability 25 Index, and demonstrated industry leadership through its performance across various sustainability reporting platforms. In 2025, our Company published its first Sustainability Report (2024 TSRS-Compliant Sustainability Report) in accordance with TSRS 1 & 2 Standards issued by the Public Oversight, Accounting and Auditing Standards Authority of the Republic of Türkiye. Within the scope of sustainability, initiatives related to Environmental, Social and Governance (ESG) factors were effectively monitored and managed.

      • In addition to being awarded the Environmental Sustainability Airline of the Year - Europe, Middle East & Africa by CAPA - Centre for Aviation in 2023 and the Global Environmental

        ‌12012 Airbus Order refers to our 100-aircraft order placed with Airbus in 2012 and under which the option for certain aircraft were converted to firm orders, covering a firm purchase commitment for 42 Airbus A320neo and 58 Airbus A321neo aircraft. In addition to the existing aircraft orders, another 6 Airbus A321neo aircraft in 2021, 8 A321neo aircraft in 2022 and 36 A321neo aircraft in 2023 were added to the 2012 Airbus Order.

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        Sustainability Airline of the Year award in 2024, our Company was awarded with the

        Sustainability Team of the Year award at the Airline Economics Aviation 100 Awards in 2025.

      • In 2025, our Company was awarded Employer of the Year in the "Aviation & Defense" category at the Stevie Awards and received a Silver Award in the "Diversity & Inclusion Initiative" category. In addition, our Company was awarded with a Gold Award in the "Best Employee Experience" category at the Brandon Hall Group HCM Excellence Awards, and received the "Diversity, Equity & Inclusion Initiative" Award at the Sustainable Business Awards 2025 Sustainable Business Awards.

      • With corporate governance compliance rating of 98.2%, our Company closed 2025 as the company with the highest rating score in the BIST Corporate Governance Index.

        With the aim of increasing our capabilities in digitalization and technology in the coming years and evaluating opportunities across the globe, our subsidiary Pegasus Airlines Innovation Lab, Inc. has been operating in Silicon Valley in the USA since the end of 2023. In 2025, Pegasus Airlines Ventures Limited Partnership was established in the USA where the Company will be the sole limited partner, with the aim of seizing investment opportunities in Artificial Intelligence focused technology ventures which our Company collaborates through Innovation Lab. Pegasus Airlines Ventures LP will be positioned as a corporate venture capital fund to evaluate investment opportunities in identified ventures.

        On December 8, 2025, We have concluded a Share Purchase Agreement with Prague City Air s.r.o. (Seller) and a Receivables Assignment Agreement with Unimex Group, a.s. (Assignor) for the acquisition of the entire equity stake in Czech companies České aerolinie a.s., Smartwings a.s., and its subsidiaries (together the Smartwings Group) by our Company, and for the assignment of the outstanding debts of the target companies to the current shareholders to our Company.

        The total consideration to be paid as part of the said agreements, including the receivables subject to assignment, is determined as EUR 154 million; which may be subject to closing adjustment as per the terms of the Share Purchase Agreement.

        The completion of the said transaction is conditional upon obtaining the necessary administrative approvals in the Czech Republic and other countries where Smartwings Group operates, and standard share transfer conditions. We expect completion to take place in 2026 following the receipt of the necessary approvals.

        Simultaneously with the approval of the agreements, our Board of Directors resolved on the incorporation of a new subsidiary in the Netherlands through which the share acquisition in the Smartwings Group will be implemented.

        Subsidiary incorporation for carrying-out the share acquisition in the Smartwings Group was completed, and our fully-owned subsidiary Pegasus Europe B.V. was incorporated as of December 10, 2025 and registered with the trade registry as of December 11, 2025.

   3. Information on Requests by our Shareholders with respect to the General Assembly Meeting Agenda

      The Company did not receive any agenda-related requests from our shareholders with respect to the Annual General Assembly Meeting for the year 2025.

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3. Information on the Agenda Items for the Annual General Assembly Meeting dated March 31, 2026
   1. Commencement and establishment of the Chairing Committee

      The meeting will commence and the election of the Chairperson for the meeting, and the deputy-chairperson, if necessary, will be conducted in accordance with the provisions of the Turkish Commercial Code No. 6102 ("TCC"), Regulation on the Procedures and Principles Relating to General Assembly Meetings of Joint Stock Companies and Representatives from the Ministry of Customs and Trade to Attend Such Meetings ("Regulation") and Articles 6 and 7 of our Company Bylaws Regarding the Working Principles and Procedures of the Shareholders General Assembly ("Bylaws").

      The Chairperson will appoint at least one secretary who will be responsible for keeping the meeting minutes. The Chairperson may also appoint the requisite number of voting officers as well as experts and advisers to help implement technical matters with respect to attendees participating in the meeting via electronic means.

      In accordance with Article 7 of the Bylaws, the Chairperson is authorized to sign the meeting minutes and other documents prepared as the basis for the content of the minutes.

   2. Review, discussion and approval of the Annual Activity Report, Independent Auditor's Report and the Financial Statements relating to the year 2025

      The Annual Activity Report of the Board of Directors, the Company's Corporate Governance Compliance Statement with links provided for the Corporate Governance Compliance Report (URF) and the Corporate Governance Information Form (KYBF), annexed thereto, the Financial Statements of the Company and the Independent Auditor's Report for the period January 1 − December 31, 2025 that have been made available for the review of our shareholders, starting from three weeks prior to the meeting, at our Company headquarters, at our corporate website http://www.pegasusinvestorrelations.com, on the Public Disclosure Platform and the Electronic General Assembly Portal of the Central Registry Agency ("CRA") will be submitted for the review, discussion and approval of our shareholders.

   3. Release of each member of the Board of Directors with respect to the Company's transactions in 2025

      In accordance with the provisions of the TCC and the Regulation, the release of each member of our Board of Directors for the Company's business, transactions and accounts for 2025 will be submitted for the approval of our shareholders.

   4. Review and approval of the Board of Directors' proposal for the utilization of the 2025 profit

      "Pegasus Dividend Policy", adopted by our Board of Directors through its resolution dated November 20, 2013 and numbered 403, entered into force upon unanimous approval by the shareholders attending the Annual General Assembly Meeting dated March 31, 2014 and published on our Investor Relations website is provided as Annex-2 hereto.

      Based to the profit distribution chart annexed to the Board of Directors resolution dated March 4, 2026 and provided as Annex-3 hereto, according to our accounts based on Turkish Financial Reporting Standards and based on our statutory records prepared in accordance with the Turkish Tax Procedure Law No. 213; the Company has no distributable profit for the year 2025 based on statutory records. In this context, determination of the absence of distributable profit will be submitted for the approval of our shareholders.

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   5. Appointment of the members of the Board of Directors and determination of their term of office

      Our current Board Members, Mehmet T. NANE, Ali İ. SABANCI, Mehmet Cem KOZLU, Hatice Zeynep Bodur OKYAY, Stephen Mark GRIFFITHS, Agah UĞUR, David F. A. VISMANS and Ayşegül İLDENİZ were appointed at the Annual General Assembly Meeting dated March 28, 2025 for a term of one year and their term expires as of the Annual General Assembly Meeting dated March 31, 2026.

      In this respect, the election for our Board of Directors, which must consist of at least five members, will take place at the Annual General Assembly Meeting dated March 31, 2026, based on nominations by our shareholders as per the relevant provisions of the TCC and Article 10 of our Articles of Association. Save for exceptions that may be allowed by the Capital Markets Board, one third of the total number of Board Members must fulfill the requisite independency criteria set out in the Corporate Governance Principles.

      In addition to the above, as per Article 4.5.11 of the Corporate Governance Principles and the Committee Charter, our Corporate Governance Committee is responsible for the establishment of a transparent system for the determination, evaluation, and training of appropriate candidates for the Board of Directors and developing policies and strategies in this regard. In line with this responsibility, the Corporate Governance Committee determined a set of principles and criteria for 2026 Board Member Nomination, provided as Annex-4 hereto for the attention of our shareholders.

      In consideration of the above and also the classification of our Company by the Capital Markets Board among "Tier 1 Companies" in terms of implementation of Corporate Governance Principles, announced in the Capital Markets Board Bulletin No. 2026/4 dated January 23, 2026 our Corporate Governance Committee has recommended, in its report evaluating the fulfillment of the requisite independency criteria by nominees for independent Board Member seats, that David F. A. VISMANS and Ayşegül İLDENİZ are proposed to our shareholders at the Annual General Assembly Meeting for the year 2025 as nominees for independent Board Member seats. In its letter dated February 9, 2026, the Capital Markets Board provided its non-objection to the nomination of David

      F. A. VISMANS and Ayşegül İLDENİZ as independent Board Members. Consequently, Ayşegül İLDENİZ and David F. A. VISMANS will be nominated as independent Board members at the upcoming Annual General Assembly Meeting. As per the requirements of the Corporate Governance Principles published by the Capital Markets Board, the process for the nomination of a third independent Board Member ahead of the Annual General Assembly Meeting dated March 31, 2026 is underway before our Corporate Governance Committee and the Board of Directors. Our shareholders will be subsequently informed of the nominee who will be determined following the ongoing evaluation process, for whom a separate application will be filed with the Capital Markets Board.

      The résumés for and duties undertaken in the past year by each of our current Board Members who are eligible for re-appointment are provided as Annex-5 hereto for the attention of our shareholders.

   6. Determination of the salary, honorarium, bonus and similar financial rights of the members of the Board of Directors

      As per the relevant provisions of the TCC and Article 10 of our Articles of Association, our Board Members are paid a monthly or annual salary or a per meeting payment to be determined by our shareholders at the General Assembly. In this respect, the Company must comply with the

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      mandatory rules determined by the Capital Markets Board. Consequently, payments to be made to our Board Members during their term of office will be determined in accordance with the decision of our shareholders.

      In As per Article 4.5.13 of the Corporate Governance Principles and the Committee Charter, our Corporate Governance Committee is responsible for determining the principles and criteria that apply to the compensation of Board Members, review such principles and criteria and taking into consideration the fulfillment of these criteria propose payments to be made to the Board Members to the Board of Directors. In line with this responsibility, the Corporate Governance Committee determined a set of principles and criteria for 2026 Board Member Remuneration, provided as Annex-4 hereto for the attention of our shareholders.

   7. Authorization of the members of the Board of Directors to enter into transactions within the scope of Articles 395 and 396 of the TCC

      Members of our Board of Directors can only enter into transactions with the Company as per Article 395 of the TCC and undertake business in competition with our Company as per Article 396 of the TCC, subject to the authorization by our shareholders at the General Assembly Meeting. In this respect, authorization of our Board Members for the said matters will be submitted for the review and approval of our shareholders.

   8. Submission of information to the shareholders with respect to the 2025 Turkish Sustainability Reporting Standards (TSRS) Compliant Sustainability Report and approval of the appointment of the independent auditor for audit services in connection with the TSRS 1 & 2 for the year 2025, stipulated by the Public Oversight, Accounting and Auditing Standards Authority

      We published our first Turkish Sustainability Reporting Standards (TSRS) Compliant Sustainability Report regarding 2024 and prepared in accordance with the Turkish Sustainability Reporting Standards 1 & 2 , stipulated by the Public Oversight, Accounting and Auditing Standards Authority, on August 7, 2025. The limited assurance review for that report was procured from Güney Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş. (Ernst & Young Türkiye), the independent auditor appointed for the 2024 fiscal year. In the meantime, DRT Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş. (Deloitte Türkiye) was appointed as the independent audit service provider for the 2025 fiscal year by our shareholders at the Annual General Assembly Meeting dated March 28, 2025.

      Considering the overlap of the change in independent audit service provider with respect to financial reporting with the alignment of 2025 TSRS reporting calendar with the fiscal reporting and General Assembly calendar for the same year, our Board of Directors, by its resolution dated November 24, 2025, resolved on the procurement of independent auditor limited assurance audit services from DRT Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş. (Deloitte Türkiye) and the submission of this appointment for the approval of our shareholders at the Annual General Assembly Meeting for the year 2025.

      Therefore, as part of this agenda item, our shareholders will be given information on the 2025 TSRS Compliant Sustainability Report that has been made available for the review of our shareholders, starting from three weeks prior to the meeting, at our Company headquarters, at our corporate website http://www.pegasusinvestorrelations.com, on the Public Disclosure Platform and the Electronic General Assembly Portal of the Central Registry Agency ("CRA"), and the said report, and the appointment of DRT Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş. (Deloitte

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      Türkiye) providing the relevant limited assurance audit report on it will be submitted for the review, discussion and approval of our shareholders.

   9. Appointment of the Independent Auditor

      As part of this agenda item, in line with the recommendation of our Audit Committee, the appointment of DRT Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş. (Deloitte Türkiye) as the independent auditor for procuring the necessary services:

      • to fulfill our Company's internal audit requirements arising from the TCC and the Communiqué Series: X, No: 22 regarding "Independent Audit Standards in Capital Markets" of the Capital Markets Board for the year 2026; and

      • to fulfill our Company's limited assurance audit requirements arising from the Public Oversight, Accounting and Auditing Standards Authority regulations in respect of Turkish Sustainability Reporting Standards 1 & 2;

        will be submitted for the approval of our shareholders.

   10. Submission on information to the shareholders on donations and charitable contributions made in 2025 and determination by the shareholders of a maximum ceiling for donations and charitable contributions to be made in 2026

       "Pegasus Donations and Charitable Contributions Policy", adopted by our Board of Directors through its resolutions dated November 20, 2013 and numbered 403 and entered into force upon approval by the majority of the shareholders attending the Annual General Assembly Meeting dated March 31, 2014, was amended at the Extraordinary General Assembly Meeting dated November 11, 2016 and lastly amended at the Annual General Assembly Meeting dated March 30, 2023. The consolidated text is accessible on our Investor Relations Website and is provided as Annex-6 hereto.

       Pursuant to Article 19 of the Capital Markets Law No. 6362 and Article 11 of the Company Articles of Association, the ceiling for donations and charitable contributions to be made by Pegasus Airlines in 2025 was determined as TL 75,000,000 at the Annual General Assembly Meeting for the year 2024 dated March 28, 2025. The total donations and charitable contributions made by the Company in 2025 total TL 73,702,200.

       At the Annual General Assembly Meeting dated March 31, 2026, information on donations and charitable contributions made by Pegasus Airlines in 2025 will be provided to our shareholders and the upper ceiling for donations and charitable contributions to be made in 2026 will be determined by our shareholders in line with Article 19 of the Capital Markets Law and Article 11 of the Company Articles of Association.

       In this respect, our Board of Directors resolved to propose TL 200,000,000 as the applicable ceiling for donations and charitable contributions to be made by the Company in the year 2026 within the scope of the Pegasus Donations and Charitable Contributions Policy.

   11. Submission of information to the shareholders with respect to transactions in 2025 falling within the scope of Article 1.3.6 of the Corporate Governance Principles

       As per Article 1.3.6 of the Corporate Governance Principles determined by the Capital Markets Board Communiqué No. II-17.1 on Corporate Governance our shareholders will be informed of material transactions between Pegasus or its subsidiaries on one hand and our controlling shareholders, Directors, members of the senior management with administrative responsibility or

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       their spouses or relatives up to and including the second degree on the other hand, that may create conflict of interest, as well as any other instances where any of the foregoing persons engage in competing business on their own account or on the account of others. The relevant information in this respect is provided in Section (1/G) of the Annual Activity Report of our Board of Directors for the period January 1 − December 31, 2025.

   12. Submission of information on the security, pledge, mortgage and surety provided by the Company for the benefit of third parties and income and benefits derived therefrom in 2025 to the attention of the shareholders

       Our shareholders will be informed of the security, pledge and mortgage information stated in Note 16 (Commitments − Collaterals, Pledges, Mortgages) to our Consolidated Financial Statements for the Period January 1 − December 31, 2025, as per the requirements of Article 12 of the Corporate Governance Communiqué No. II-17.1 of the Capital Markets Board.

   13. Requests and recommendations and close of meeting

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I/we hereby appoint .............................................................., further identified below, as my/our representative to represent me/us and vote, submit proposals and sign documents on my/our behalf, within the framework of the instructions below, at the annual general assembly meeting of Pegasus Hava Taşımacılığı A.Ş., scheduled for 10:00 AM on March 31, 2026 and to be held at the Company headquarters located at Aeropark, Yenişehir Mahallesi, Osmanlı Bulvarı No: 11/A Kurtköy 34912 Pendik, Istanbul.

Name, Surname / Commercial Title of the Proxy

.......................................................................................................................................................

Turkish Identification / Tax Number, Trade Registration No. and MERSIS No. of the Proxy

.......................................................................................................................................................

(*) For foreign proxies, equivalent of the required information must be provided

1. SCOPE OF REPRESENTATIVE AUTHORITY For Sections 1 and 2 provided below either (a), (b) or (c) must be chosen to indicate the scope of representative authority.
   1. With Respect to the Agenda Items:

      1. The Proxy is authorized to vote at its own discretion.

      2. The Proxy is authorized to vote in accordance with the proposals of the Company management.

      3. The Proxy is authorized to vote in accordance with the instructions below.

      Instructions: If the Shareholder chooses option (c) above, the Shareholder will provide instructions to the Proxy by indicating its vote on each agenda item and by also indicating its dissenting opinion, if any, for the agenda items voted against.

      Agenda Items (*)	In Favor	Against	Dissenting Opinion
      1.
      2.
      3.

      (*) Agenda items for the General Assembly will be listed one by one. If the minority shareholders propose another draft resolution, this draft resolution will also be indicated here.

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   2. Special Instructions Regarding Other Matters Arising During the Meeting Especially the Exercise of Minority Rights:

   1. The Proxy is authorized to vote at its own discretion.

   2. The Proxy is not authorized to vote on these matters.

   3. The Proxy is authorized to vote in accordance with the special instructions below.

      SPECIAL INSTRUCTIONS; Special instructions to the Proxy, if any, will be indicated here.

      ......................................................................................................................................................

2. The Shareholder will indicate the shares it wishes the Proxy to represent by choosing one of the following.

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Mehmet Tevfik NANE Chairperson of the Board

Mehmet T. Nane started his career in 1988. After holding positions in various business units at the Türkiye Emlak Bankası, Demirbank and Demir Invest until 1997, respectively; he held roles including Vice President of the Strategic Planning and Project Development department, Director of the Retail Group and General Secretary of Sabancı Holding within the Sabancı Group, which he joined in 1997, until 2005. He served as Vice-Chairperson of the Board of Teknosa between 2000 and 2005, CEO of Teknosa between 2005 and 2013 and CEO of CarrefourSA between 2013 and 2016. Mehmet T. Nane, who transferred to Pegasus Airlines in March 2016 and served as CEO for 6 years, continued his duty as Vice-Chairperson of the Board & Managing Director of the company as between March 2022-March 2023. Mehmet T. Nane has been working as Chairperson of the Board of Directors of Pegasus Airlines as of 30 March 2023. Mehmet T. Nane graduated from Boğaziçi University, department of International Relations, in Istanbul, in 1990. In 1993, Mehmet T. Nane received a full scholarship for his graduate degree from the department of International Banking and Finance at Heriot Watt University in Scotland. He also completed the Harvard Business School Executive Management Program in 2013. Mehmet T. Nane has served as Chair of the Board of Governors and Chair Committee of the International Air Transport Association (IATA), Founding Chairperson of Asia Pacific Retailers Federation (FAPRA), Founding Chairperson of the Turkish Federation of Shopping Centers and Retailers (TAMPF), Food Retailers Association (GPD) and Chain Stores Association (ZMD), Board Member of the Union of Chambers and Commodity Exchanges of Türkiye (TOBB) Retail Council, Chairperson of the Board of the SEV Health and Education Foundation, and Chairperson of the Association of the Harvard Business School Turkish Alumni Association. He currently holds the following positions in various Non-Governmental Organisations:, Member of the Chair Committee of the International Air Transport Association (IATA), Chairperson of the Board of the Turkish Private Aviation Enterprises Association (TÖSHİD), Vice President of Union of Chambers and Commodity Exchanges of Türkiye (TOBB) Civil Aviation Council, Vice President of Turkish Tourism Investors Association (TTYD), Member of the Board of Trustees and Board Member of the TOBB GS1 Türkiye Foundation, Board Member of the Boğaziçi University Foundation. Mehmet T. Nane is a Founding Member of the Yanındayız Association and Women in Technology Association (WTECH), and he joined the PWN Equality Ambassadors as a part of the Manifesto of Gender Equality Supporting CEOs by Professional Women Network (PWN) Istanbul.

Duties Assumed Elsewhere in 2025

1. Pegasus Havacılık Teknolojileri ve Ticaret A.Ş. Chairperson

2. Flybondi Limited (U.K.) Non-Executive Board Member

Ali İsmail SABANCI Non-Executive Board Member

Ali İsmail SABANCI served as the Chairperson of our Board of Directors between January 2005 and March 2023 and continues to serve as a board member since March 2023. Ali Sabancı vice chairperson of Mars Sportif which are part of the Esas Private Equity portfolio. He also serves on the board of Esas Properties. Ali is one of the co-founders of Esas Social, which was established to facilitate sustainable social investment. He focuses on increasing awareness of entrepreneurship in Turkey. As the president of the Young Entrepreneurs Board in the Union of Chambers and Commodity Exchanges of Turkey (TOBB), he has led successful projects including Angel Investing Legislation, Global Entrepreneurship Congress, G3 Forum, Global Entrepreneurship Week and TIM Innovation Week - Born Global. He is also an angel investor in more than 25 start-up companies Ali is a member of the Turkish Family Business Association. In 2018 he was awarded the Légion d'Honneur by the French government for his contributions to economic relations between Türkiye and France. Ali Sabancı earned his M.B.A. degree with a major in International Finance from Columbia Business School and B.A. degree in Politics and Economics from Tufts University.

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Duties Assumed Elsewhere in 2025

1. Esas Holding A.Ş. Chairperson

2. VCSA Teknolojik Yatırımlar ve Danışmanlık Hiz. A.Ş. Chairperson

3. Esas Venture Capital Teknoloji Yatırımları A.Ş. Chairperson

4. Kiraz 1 Gayrimenkul ve Yat. Dan. A.Ş. Chairperson

5. Esas Aile Ofisi Yönetim Danışmanlık A.Ş. Vice Chairperson

6. Mars Sportif Tesisler İşletmeciliği A.Ş.(Group Company) Vice Chairperson

7. Mars Spor Kulübü ve Tesisler İş. A.Ş. (Group Company) Vice Chairperson

8. Esas Burda Turizm ve İnş. San. Tic. A.Ş. (Group Company) Board Member

9. Beyoğlu Gazozu İçecek A.Ş. Board Member

10. Esas Portföy Yönetimi A.Ş. Chairperson

M. Cem KOZLU Non-Executive Board Member

Mehmet Cem KOZLU served as an independent member of our Board of Directors between 2013 and 2020 and continues to serve as a non-executive member of our Board of Directors since April 2020. Cem KOZLU served as the chairperson of the board of directors and CEO at Türk Hava Yolları A.O. between 1988 and 1991 and in 1990 he also served as the chairperson of the Association of European Airlines. After having served as a member of the Turkish Parliament between 1991 and 1995, he took a second term as the chairperson of Turkish Airlines between 1997 and 2003. Cem KOZLU held several positions at The Coca-Cola Company between 1996 and 2006 where his last position was the president of the company's Central Europe, Eurasia and Middle East operations. He served as consultant to Coca-Cola Eurasia and Africa Group between 2007 -2015. Cem KOZLU served as the chairperson of the International Airline Training Fund between 2008 and 2010 and continues to serve as member of board of directors or advisor in various companies. Cem KOZLU holds a bachelor's degree from Denison University and an MBA degree from Stanford University. He also holds a Ph.D. in administrative sciences from Boğaziçi University.

Duties Assumed Elsewhere in 2024

1. DO & CO AG (Austria) Supervisory Board Member

2. Tüpraş A.Ş. Independent Board Member

H. Zeynep Bodur OKYAY Non-Executive Board Member

Zeynep Bodur OKYAY joined Pegasus Airlines as a non-executive member of the Board of Directors member on July 14, 2016 and served as an independent Board member between October 2016 - March 2022. Zeynep Bodur OKYAY continues to serve as a non-executive board member since March 2022. From 1992 to 1993, Zeynep Bodur Okyay served in various positions as a management trainee in the production units of Çanakkale Ceramic Factories in Çan, Çanakkale. In 1995, she was appointed as a Member and Chairman of the Executive Committee of Kale Group's Marketing Companies and has been serving as the President and CEO of Kale Group since 2007. Zeynep Bodur Okyay actively contributes to many non-governmental and international organizations by taking part in their management levels. Served as the President of the Assembly of the Istanbul Chamber of Industry for two consecutive terms between 2013 and 2022, Okyay currently serves as the Chairperson of the Board of Directors of the Global Relations Forum Association, Executive Committee Member of the Foreign Economic Relations Board (DEİK), Chairman of the Türkiye-Morocco Business Council at DEİK, Vice President of the Italian Chamber of Commerce Association, and member of Turkish Industry and Business Association (TÜSİAD), Impact Investing Advisory Board, Carnegie Europe Advisory Board, İstanbul Chamber of Industry, İstanbul Chamber of Industry Council and Professionals Committee, and chairperson of of the Council of Ceramics and Refractors at Turkish Union of Chambers and Commodity Exchanges (TOBB). Zeynep Bodur Okyay, who has been actively supporting the G20 processes since the 2015 Turkish Presidency, will continue to serve as Co-Chair of the B20 "Women Diversity Inclusion Action Council" during the Brazilian Presidency through 2024. Zeynep Bodur Okyay was awarded the "Cavaliere di Lavoro" decoration by the Italian State in 2006 for her contributions and services to Turkish-Italian relations and received the "Ufficiale dell'Ordine al Merito della Repubblica Italiana" high-level state decoration in 2014. In 2010, she was honored with the Franco Nobili Award within the scope of "Türkiye in Europe" for her contribution to the relations between Türkiye and the European Union countries. In the same year, Zeynep Bodur Okyay received the Distinguished Service Award from the Grand National Assembly of Türkiye. Also supported the establishment of a Turkish Chair at Harvard University through her work at the Harvard Alumni Association, of which she is one of the founders, Okyay leads many pioneering programs within Kale Group to contribute to Türkiye's

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education, design, art, local development, and social entrepreneurship ecosystem as Chairman of the Board of Trustees and Chairman of the Board of Directors of Dr. (h.c.) İbrahim Bodur Kaleseramik Education, Health, and Social Aid Foundation. Zeynep Bodur Okyay is fluent in Italian and English, having graduated from the Italian High School, Istanbul Technical University Department of Management Engineering, and Harvard University's graduate executive training programs, respectively. Zeynep Bodur Okyay is married to Osman Okyay, Vice Chairman of Kale Group, and has one child.

Duties Assumed Elsewhere in 2025

1. H. İbrahim Bodur Holding A.Ş. Executive Chairperson

2. Kale Holding A.Ş. Executive Chairperson

3. Kaleseramik, Çanakkale Kalebodur Seramik Sanayi A.Ş. Executive Chairperson

4. Kalekim Kimyevi Maddeler Sanayi ve Ticaret A.Ş. Executive Chairperson

5. Bodur Gayrimenkul Geliştirme A.Ş. Executive Chairperson

6. Bodur Menkul İş Geliştirme Sanayi ve Ticaret A.Ş. Executive Chairperson

7. Kale Sanayi Arazileri Geliştirme ve Yönetim A.Ş. Executive Chairperson

8. Mavruz Tarım A.Ş. Chairperson

9. Küçükçekmece Gayrimenkul Geliştirme Yatırım ve Ticaret A.Ş. Chairperson

10. Manavgat Sahil Gayrimenkul Geliştirme Yatırım ve Ticaret A.Ş. Chairperson

11. Manavgat Akdeniz Gayrimenkul Geliştirme Yatırım ve Ticaret A.Ş. Chairperson

12. Anadolu Ataşehir Gayrimenkul Geliştirme Yatırım ve Ticaret A.Ş. Chairperson

13. Gaziemir Gayrimenkul Gayrimenkul Geliştirme Yatırım ve Ticaret A.Ş. Chairperson

14. Kalebodur Gayrimenkul Ticaret A.Ş. Chairperson

15. Klib Gayrimenkul Geliştirme A.Ş. Executive Chairperson

16. KLZ Gayrimenkul Geliştirme A.Ş. Executive Chairperson

17. KLB Gayrimenkul Geliştirme A.Ş. Executive Chairperson

Stephen M. GRIFFITHS Non-Executive Board Member

Stephen Mark GRIFFITHS joined Pegasus Airlines as a non-executive member of the Board of Directors on November 11, 2016, and served as an independent Board member between January 2017 - March 2023 and continued to serve as a non-executive member of the Board of Directors until August 2023. Since November 2022, Steve GRIFFITHS has been managing director of East Midlands Airport and Group Operational Transformation Director. Between October 2018 - June 2020, Steve GRIFFITHS acted as the Chief Operating Officer and between June 2020 - October 2022, he served as managing director for London Stansted Airport, both airports being part of the Manchester Airport Group. Between 2015 and 2017, Steve GRIFFITHS was the Chief Operating Officer of the London Underground. Between 1995 and 2013, Steve GRIFFITHS servedin various positions at Virgin Atlantic Airways Limited. Between March 2009 and June 2013, Steve GRIFFITHS was the Chief Operating Officer of Virgin Atlantic, responsible for the safe, efficient and cost-effective delivery of the airline operations and customer service promise, with leadership responsibility for 6,500 employees in flight operations, engineering, airports, cargo, pilots, cabin crew, safety and security and customer experience. Prior to that, Steve GRIFFITHS served as director of engineering between 2007 and 2009 and undertook various senior engineering positions between 1995 and 2007. Between 1986 and 1995, Steve GRIFFITHS served as senior service engineer at Rolls Royce plc.

Duties Assumed Elsewhere in 2025

1. East Midlands Airport, U.K. Managing Director

Agah UĞUR Independent Board Member

Agah UĞUR joined Pegasus Airlines as a non-executive member of the Board of Directors in August 2019 and serves as an independent member of Board of Directors since April 2020. Agah UĞUR worked in accountancy, consulting and banking firms in England and Türkiye before joining Borusan Group in 1989 as their CFO. He served as the Borusan Group CEO between 2001 and 2018. Agah UĞUR held and continues to hold several board and advisory board positions in NGOs. Currently, he is a member of TUSIAD's High Advisory Council, member of the Board of Trustees of Sabancı University, and member of the advisory board of Columbia University Istanbul Global Center. Agah UĞUR holds a bachelor's degree in industrial engineering obtained from the University of Birmingham in the U.K. and qualified as chartered accountant in England in 1985.

Duties Assumed Elsewhere in 2025

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1. Boğaziçi Ventures Teknoloji A.Ş. Chairperson

2. ESA Bilişim Espor A.Ş. Chairperson

3. Sesa Ambalaj ve Plastik Sanayi ve Tic. A.Ş. Chairperson

4. Karel Elektronik Sanayi Ticaret A.Ş. Chairperson

5. Global Yatırım A.Ş. Independent Board Member

6. Alcatel Lucent Teletaş Telekomünikasyon A.Ş. Independent Board Member

7. Gözde Girişim Sermayesi Yatırım Ortaklığı A.Ş. Independent Board Member

8. Makine Takım Endüstrisi A.Ş. Independent Board Member

9. Columbia Üniversitesi İstanbul Global Center Advisory Board Member

10. Türk Sanayiciler ve İş İnsanları Derneği Member of High Advisory Council

11. Sabancı Üniversitesi Member of the Board of Trustees

12. Saha Derneği Vice Chairperson of the Board

David F. A. VISMANS Independent Board Member

David F. A. VISMANS joined Pegasus Airlines as a non-executive member of the Board of Directors in January 2022 and serves as an independent member of Board of Directors since March 2022. David VISMANS is a product development executive with an engineering and AI education, having 20 years of experience of leading and scaling global oriented digital products and product organizations on hyper-growth trajectory, in various industries: digital navigation, social networking, e-commerce and travel. Between 2015 and 2021, David VISMANS served as Chief Product Officer for Booking.com, having previously served as Front-End Division Director and Mobile Senior Product Owner between 2012 and 2015. Previously, David VISMANS served as Product Development Director for Telegraaf Media Nederland in 2012, Chief Technology Officer and Head of Development for Hyves, between 2009 and 2012, and Development and Software Manager for Tomtom, between 2004 and 2008. David VISMANS has a bachelor's and a master's degree in Artificial Intelligence from the University of Amsterdam. David VISMANS is a citizen and resident of Netherlands.

Duties Assumed Elsewhere in 2025

1. ParkBee (Netherlands) Supervisory Board Member

2. OpenUp (Netherlands) Advisory Board Member

3. Bits of Stock (U.S.) Advisory Board Member

4. Balderton Capital (U.K.) Executive in Residence

5. Zenjob (Germany) Advisory Board Member

6. Sennder Chief Product Officer

Ayşegül İLDENİZ Independent Board Member

Aysegül İLDENİZ joined Pegasus Airlines as a non-executive member of the Board of Directors in September 2022 and serves as an independent member of Board of Directors since October 2022. Ayşegül İLDENİZ is a pioneer in innovation, technology transformation and future vision with working experience in the Silicon Valley and Türkiye. A graduate of Boğaziçi University with a bachelor's degree in Business Administration and holder of a master's degree on Electronic Communications Arts from San Francisco State University, California, she joined microprocessor giant Intel Corporation in 1998. Until 2016, she served as Türkiye Country General Manager, Regional President overseeing 67 countries including Türkiye, Middle East and Africa and European Board member, and finally as the Vice President for New Devices Group. In this role, she developed products regarding wearable smart devices and IoT. In 2016, she was appointed as the Chief Operating Officer of Silver Spring Networks (SSNI), a publicly traded entity on the NYSE, serving half of the U.S. smart energy market with 26 million subscribers. In this role she implemented smart city programs in cities including Chicago, Singapore, Paris, Copenhagen and Dubai and she took part in the successful exit transaction at SSNI in 2018.

She has board duties in various other companies in Türkiye and she also carries out consultancy work on entrepreneurship and mobility in the Silicon Valley. Ayşegül İLDENİZ is very active in social work and drives technological development, smart future, and innovation agenda in developing countries. In 2015, she was listed as one of the top 100 most creative people in business by Fast Company magazine. She was also awarded as the third most influential Turkish-American woman by Turks of America magazine. Other accolades include the "Tech Women of the Year" award by Dünya Magazine in 2004, the prestigious "Betül Mardin Leaders Shaping the Future Award" in 2016 presented by Turkish Public Relations Association, and an honorary appreciation award by Middle East Technical University Senate. Ayşegül İLDENİZ is a 2010 Eisenhower Türkiye

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Fellow. She currently serves as the Silicon Valley Network Chairperson at TUSIAD and as a board member for

Turkish Philanthropy Funds.

Duties Assumed Elsewhere in 2024

1. Doğan Şirketler Grubu Holding A.Ş. Independent Board Member

2. Zorlu Holding A.Ş. Board Member

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As per Article 11/2 of our Articles of Association, our Board of Directors is authorized to make donations on behalf of Pegasus Airlines within the upper limit to be determined by our shareholders at the General Assembly. In this respect, our Board of Directors acts in accordance with the principles laid out in this Policy and the applicable regulations of the Capital Markets Board.

• Pegasus Airlines may make donations or charitable contributions to persons, associations, foundations, non-governmental organizations and public institutions that operate in the fields of education health, environment and solidarity or in connection with the scope and purpose of Pegasus Airlines.

• The upper limit applicable to donations and charitable contributions to be made in any fiscal year is determined by our shareholders upon proposal by the Board of Directors at the General Assembly meeting to be convened with respect to the results of the preceding year.

• Donations and charitable contributions by Pegasus Airlines can only be made in accordance with signatory powers determined by the Board of Directors. The Board of Directors and persons duly authorized by the Board of Directors have the authority to make such donations and contributions within the applicable limit determined by our shareholders.

• In principle, donations and charitable contributions by Pegasus Airlines should serve to contribute to social development and conform to our aim of being, our corporate values and our corporate ethical standards.

• Information relating to all donations and charitable contributions made in any given fiscal year as well as those benefiting from such donations and contributions are provided to our shareholders at the relevant General Assembly meeting as a separate agenda item.

• Any amendments to this Policy proposed by our Board of Directors are proposed to our shareholders and become effective upon approval at the General Assembly.

• All donations and charitable contributions will be fully reflected on our records. Recording of transactions will be detailed in corporate procedures. As per the provisions of Article 21 of our Articles of Association donations by Pegasus Airlines in any given year will be added to the distributable profits during calculations for the relevant fiscal year.

• Sponsorship activities and activities pursued by Pegasus Airlines under the Corporate Social Responsibility Policy that may be pursued for commercial reasons will be performed independent of this Donation Policy and within the authority granted by our Board of Directors.

This Donations and Charitable Contributions Policy and any amendments hereto will be adopted by a resolution of the Board of Directors and will be submitted to our shareholders for their approval at the first ordinary General Assembly meeting to be held. After becoming effective through the approval of our shareholders this policy will be published on the Pegasus Airlines Investor Relations Website. The same procedure will apply to any amendments hereto.

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‌We didn't start aviation in Türkiye but

we transformed it!

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