Consus Enerji applied to the CMB to get approval to amend the Articles of Association for the purpose of the IPO 17 June 2021

Global Investment Holdings' energy generation subsidiary applied to the Capital Markets Board of Turkey to get approval to make the necessary amendments on its Articles of Association for the initial public offering

Consus Enerji ("Consus" or the "Group"), fully-owned subsidiary of Global Investment Holdings ("GIH"), operating in renewable energy generation and energy efficiency, has made an application to the Capital Markets Board of Turkey on June 16, 2021 to get approval to amend its Articles of Association in accordance with the capital markets legislation for the purpose of initial public offering of its shares.

Consus Enerji's total installed capacity amounts to 94.1 MW, of which 40.0 MW is from renewable sources (biomass and solar) and the remaining capacity consists of co/tri-generation plants.

- Consus is Turkey's one of the leading biomass power producers using mainly waste from agricultural fields with a total installed capacity of 29.2 MW at its Aydın-Söke (12 MW), Mardin-Derik (12 MW) and Şanlıurfa-Haliliye (5.2 MW) power plants. These facilities generated 171 million kWh of electricity in 2020, meeting the electricity requirement of c.65 thousand households; they are subject to the Renewable Energy Resources Support Mechanism (YEKDEM), selling electricity at USD 0.133 per kWh till 2027 at Aydın-Söke and Şanlıurfa-Haliliye plants and 2028 at Mardin-Derik plant. Consus is one of the very few companies to combine both biomass collection and power plant operation under a single roof.
- Consus commissioned its first solar power plant, Ra Solar, with 10.8 MWp installed capacity in Mardin at end-2019. Ra Solar is subject to Renewable Energy Resources Support Mechanism starting from 2020, selling electricity at USD 0.133 per kWh for ten years. The facility generated 20 million kWh electricity in 2020, meeting the electricity requirement of c.7.5 thousand households.
- In co/tri-generation business (energy efficiency), Consus has a total installed capacity of 54.1 MW at eight different points in Turkey. The company generated 461 million kWh energy, including electricity, heat and cooling in 2020.

Consus Enerji's strategy is to develop green energy projects with attractive long-term feed-in tariffs and innovative energy efficiency solutions. In the coming years, the Group plans to establish a diversified and balanced power generation portfolio, both in terms of resources and geography. Consus is also looking at developing and/or acquiring additional renewable energy projects in a variety of regions outside Turkey. The Group is also planning to start solar farm investments of c.8.0 MWp during 2021 in its biomass plant areas in parallel with the new hybrid generation regulation to improve generation performance as well as plant efficiencies. Consus Enerji aims to boost its current installed capacity with additional renewable energy and energy efficiency investments in the upcoming years.