Subsidiaries, Financial Fixed Assets and Financial Investments

Trade Name

Field of Activity of the Company

Paid/Issued Capital

Company's Share in Capital

Currency

Company's Share in Capital (%)

Nature of Relationship with the Company

Uçantay Gıda San. Tic. A.Ş.

Production and sales of dragee chocolate, surprise eggs, and sales of toy products

272.000.000

272.000.000

TRY

100

Subsidiary

Tarıcho Gıda İç Ve Dış Tic. A.Ş.

Sales and Marketing to Foreign Markets

50.000

50.000

TRY

100

Subsidiary

Kelebek 2 Anadolu Gıda Paz. San. Tic. Ltd. Şti.

Domestic Market Sales and Marketing

3.000.000

3.000.000

TRY

100

Subsidiary

Yunus Dağıtım Gıda Pazarlama San. Tic. A.Ş.

Domestic Market Sales and Marketing

5.200.000

5.200.000

TRY

100

Subsidiary

Rüzgar Dağıtım Pazarlama A.Ş.

Domestic Market Sales and Marketing

2.925.000

2.925.000

TRY

100

Subsidiary

Hisar Dağıtım Pazarlama A.Ş.

Domestic Market Sales and Marketing

1.000.000

1.000.000

TRY

100

Subsidiary

Efe Ankara Gıda Kozmetik Temizlik İnşaat Sanayi ve Tic. Ltd. Şti.

Domestic Market Sales and Marketing

3.550.000

3.550.000

TRY

100

Subsidiary

Kervan USA LLC

International Sales and Marketing

4.200.000

4.200.000

USD

100

Subsidiary

Kervan Gıda UK Limited

International Sales and Marketing

2.660.000

2.660.000

GBP

100

Subsidiary

Erti Food Handels GMBH

International Sales and Marketing

55.555

30.555

EUR

55

Subsidiary

Kervan RS Limited

International Sales and Marketing

250.000

250.000

RUB

100

Subsidiary

Kervan International AB

Foreign Holding

25.000

25.000

SEK

100

Subsidiary

Tornellon Investments s.p. z.o.o.

Foreign investment company

58.468.600

58.468.600

PLN

100

Subsidiary

ZPC Otmuchow S.A.

Soft candy, chocolate product production

6.064.036

4.062.459

PLN

67

Subsidiary

PWC Odra S.A.

Chocolate product production

25.625.261

19.170.143

PLN

74,8

Subsidiary

Happy Life İlaç Ve Sağlık Ürünleri San. Tic. A.Ş.

Sales and Marketing of Food Supplement Products

3.000.000

1.800.000

TRY

60

Subsidiary

Matik Otomat Sistemleri San. Tic. A.Ş.

Vending Services

46.800.000

11.700.000

TRY

25

Participation

MCC For Confectionery Manufacturing

Soft candy production and sales

50.000

37.500

USD

75

Subsidiary

Mavi Yıldız Makine Gıda Sanayi ve Ticaret A.Ş.

Buying and selling machinery real estate and other assets

19.858.396

19.858.396

TRY

100

Subsidiary

Dryff Kurutulmuş Gıda Sanayi A.Ş.

Drying of food products using the freeze-dry method

2.500.000

2.500.000

TRY

100

Subsidiary

Kervan Properties Holdings

Foreign investment

325.000

325.000

USD

100

Subsidiary

Kervan Properties LLC

Real Estate Management

325.000

325.000

USD

100

Subsidiary

Cry Cereyan Enerji Depolama A.Ş.

Energy Storage

3.000.000

3.000.000

TRY

100

Subsidiary