Bell Rang for “Ic Enterra Renewable Energy” at Borsa Istanbul

Borsa Istanbul A.Ş. In his speech at the ceremony, General Manager Korkmaz Ergun said, “Welcome to the gong ceremony we organized for IC Enterra Renewable Energy to start trading. IC Enterra Renewable Energy, established with IC Holding's deep-rooted history and experience in the field of infrastructure and energy, will diversify and continue its investments, which are very valuable in terms of energy supply security, with the income obtained from the public offering. We are very happy to see this valuable company, which supports the economy with its contribution to energy transformation, at Borsa Istanbul. Our country's renewable energy potential and investment needs further increase the importance of public offerings in this field. I would like to thank everyone who contributed to this successful public offering process, all company employees and brokerage firms. "I welcome IC Enterra Renewable Energy to the Borsa Istanbul Family and wish it to be beneficial to our capital markets," he said.

“WE HAVE TAKEN OUR FIRST STEP IN BORSA ISTANBUL”

"We have taken our first step into Borsa Istanbul with the public offering of IC Enterra Renewable Energy, which operates with IC Holding's 25 years of expertise in the energy sector," said IC Holding at the bell ceremony. CEO Murad Bayar said:

“It is a great source of pride for us that IC Enterra started trading on Borsa Istanbul. Endless thanks to all our stakeholders who successfully carried out the public offering process and our investors who honored us with their great demands. I think that the intense interest we saw in the public offering is a result of the trust in IC Holding, IC Enterra and Turkey's potential in the energy sector. “Approximately 4,11 times the demand shows this.”

“THIS IS AN IMPORTANT MILESTONE FOR US”

IC Enterra Renewable Energy Chairman of the Board of Directors Alp Keler said: In his speech at the ceremony, he said, “We are very pleased to introduce IC Enterra Renewable Energy, which operates in the field of renewable energy with the expertise of IC Holding, which has implemented many projects in our country and around the world for more than half a century, with investors. This is an important milestone for us. "I would like to thank our investors who supported us and stood by us on this path, and hope that our new beginning will be beneficial for our group, the energy sector and our country."

“WE WILL BUILD A SUSTAINABLE FUTURE TOGETHER”

Stating that they received great interest from investors during the book building process, IC Enterra Renewable Energy General Manager Taşkın Kızılok In his evaluation after the bell ceremony, he said, “The public offering, which took place between 27-29 March under the leadership of Ak Yatırım, İş Yatırım and Ziraat Yatırım, received a very large demand of 4,11 times from individual and corporate investors. I would like to thank our investors for their trust in us. As IC Enterra, we work not only in the energy sector, but also for the welfare of our society and future generations. "We are determined to build an environmentally friendly and sustainable energy future with our investments in domestic and renewable energy resources," he said.

“WE ARE A COMPANY WITH PROFITABLE OPERATIONS”

“The intense interest we have received shows that our business model and future vision have been adopted by investors. "The strong demand we received reflects the company's strong position in the sector and its future potential," said Kızılok and continued:

“Being a company listed on the stock exchange will first of all provide us with access to a wide investor base. In addition to our group's strong financial structure, its construction and infrastructure experience of more than half a century is among our greatest sources of motivation. We are a company whose operations are profitable and which grows profit-oriented. Our investors also participated in profitable and sustainable growth through the public offering process. We believe that the synergy we will create together with IC Holding companies will enable us to take more determined steps towards the future. Our aim is to create employment and support the country's economy while responding to our country's energy demand by using the proceeds from the public offering in new investments. We have created a base with the HEPP investments we have made so far. Thanks to the geographical advantages of being located in different regions, we produce efficient and sustainable electricity. We will increase our resource diversity by including solar and storage RES in addition to our HEPPs. Our main strategy in terms of new investments is to diversify the resources in our portfolio with wind and solar power plants.”

IT PRODUCES APPROXIMATELY 1,2 BILLION KWH OF ELECTRICITY ANNUALLY

Following the bell ceremony, IC Enterra Renewable Energy started to be traded on Borsa Istanbul's Star Market with the code "ENTRA" and has the 25 years of expertise in the energy sector of IC Holding, a world brand with its international achievements. The company has 388 hydroelectric power plants (HEPPs) with a total installed power of 9 megawatts (MW) that continue to produce electricity in Trabzon, Erzincan, Tokat, Mersin and Giresun. The amount of electricity produced by IC Enterra Renewable Energy through its power plants in 2023 was 1 billion 200 million kilowatt hours (kWh).

IC Enterra, which has a rich portfolio both geographically and in terms of plant diversity with 9 HEPPs operating in three different regions of Turkey, plans to diversify the resources in its portfolio with wind and solar power plants. In the coming period, IC Enterra focuses on the 136 MWm capacity Erzin-2 YEKA Solar Power Plant, whose investment is ongoing, and the 61 MWm Bagistaş hybrid Solar Power Plant, whose permit processes are still ongoing, and also has projects for wind and solar power plants and storage. IC Enterra Renewable Energy, which set out with the mission of making a dynamic, bright and hopeful future possible, takes its name from the "most" of energy, "terra", meaning earth and 4 elements.