Anadolu Efes Biracilik ve Malt Sanayii Anonim Sirketi : 6M2023 Interim Operational Report

ANADOLU EFES

BİRACILIK VE MALT SANAYİİ A.Ş.

Interim Operational Report

as of 30.06.2023

1. Anadolu Efes in Brief:

Anadolu Efes Biracılık ve Malt Sanayii A.Ş. ("Anadolu Efes") carries out its business and operations across a broad region that includes Turkey, Russia, members of the Commonwealth of Independent States (CIS), and Central Asian and Middle Eastern countries. Anadolu Efes is a subsidiary of AG Anadolu Group Holding A.Ş., one of Turkey's biggest conglomerates, and is responsible for the conduct of Anadolu Group's operations in the beverages sector.

Anadolu Efes started out its business with two breweries that it opened in Turkey back in 1969. Shortly, the company became the leader of the domestic beer market. Anadolu Efes runs its international beer operations through Efes Breweries International B.V. ("EBI"), its 100% subsidiary based in Netherlands. Anadolu Efes is also the main shareholder (50.3%) of Coca- Cola İçecek A.Ş. ("CCI"), which runs Coca-Cola operations in Turkey and abroad.

Making more than two-thirds of its net sales in international markets, Anadolu Efes is Europe's 5th and the world's 9th largest brewer1 by production volume. The Company has an enriched product portfolio of beer and soft drinks brands and operates in a wide geographic region together with its export markets serving to hundreds of millions worldwide. With 21 breweries, 5 malteries, 1 hops processing facility and 1 preform plant in 6 countries2, and 30 bottling plants in 11 countries, including Turkey among others, Anadolu Efes is operating as one of the most important players in its region. The company ships its products to more than 70 countries.

2. Corporate Structure:

2.1 Capital Structure:

The composition of shareholders and their respective percentage of ownership can be summarized as follows:

Anadolu Efes Biracılık ve Malt Sanayii A.Ş. Capital Structure (as of 30.06.2023);

As of 30.06.2023, Anadolu Efes has registered capital ceiling of TL 900,000,000, issued capital of TL 592,105,263. Company's capital is comprised of 592,105,263 shares each with a nominal value of 1 (one) TL. 142,105,263 of the shares are registered to and owned by AB InBev Harmony Limited, while 450,000,000 of the shares are bearer shares. Of Anadolu Efes' capital, 43.05% is held by AG Anadolu Group Holding A.Ş. and 24% is held by AB InBev Harmony Ltd, while 32.95% is publicly owned. AG Anadolu Grubu Holding A.Ş. (AGHOL.IS) is a publicly held company trading on the Borsa Istanbul (BIST).

1. The Barth Report 2021/2022
2. As of February 24, 2022, Anadolu Efes' Ukraine operations were halted, while production partially started in Chernihiv brewery as of October 2022 and in Nikolayev brewery as of May 2023.

2.2 Main Subsidiaries (as of June 30, 2023):

*Direct and indirect total shareholding3

2.3 Organizational Chart (as of June 30, 2023):

3. Developments in the period:

3.1 Announcement Regarding Competition Board Approval for Control Change of Anadolu

Etap Tarım (April 11, 2023):

As per our announcement dated January 26, 2023, some of the rights granted to Özgörkey Holding related to the agreements between Anadolu Efes and Özgörkey Holding regarding Anadolu Etap Tarım had expired as of the date of our announcement. The approval of the Competition Board was received in this regard and Anadolu Efes is able to control Anadolu Etap Tarım on its own from this date onward.

3.2 Announcement Regarding The Results of the Annual Ordinary General Assembly Meeting (April 18, 2023):

The Annual Ordinary General Assembly of Anadolu Efes was held on April 18, 2023 at 14:00 at the address "Fatih Sultan Mehmet Mahallesi Balkan Caddesi No:58 Buyaka E Blok Kat:1 34771 Ümraniye / İstanbul" with the previously announced agenda. The minutes of the meeting is available at our website at www.anadoluefes.com.

At the 2022 Annual Ordinary General Assembly Meeting of our Company;