Tera Portföy announced default in two of its funds and changed the payment period in six of its funds

At the end of the day when there was a sharp decline in Borsa Istanbul, Tera Portföy notified the Public Disclosure Platform (KAP) that there was a default regarding participation fee refund payments in two of its funds.

The company also changed the unit share value calculation frequency and participation fee refund principles in its six funds.

In the notification made by Tera Portföy to KAP, it was stated that there was a default in the participation fee refund payments in the Tera Portföy Stock Fund (THF) and Tera Portföy Money Market (TL) Fund (TP2), which it founded. In the statement, it was stated that reconciliations and liquidity management process with the intermediary institutions where transactions are made in the relevant fund accounts are continuing.

The company announced that the necessary measures have been taken and investors will continue to be informed about the developments.

PAYMENT PERIOD HAS CHANGED IN SIX FUNDS

Tera Portföy also implemented the new application in Tera Portföy First Hedge Fund (TLY), Tera Portföy Algorithmic Strategies Hedge Fund (TMV), Tera Portföy Second Hedge (FX) Fund (TMM), Tera Portföy Fourth Equity Hedge (TL) Fund (DOH), Tera Portföy Third Hedge (TL) Fund (T3B) and Tera Portföy Participation Free (FX) Fund (TRU). passed.

Among the funds in question, TLY stood out with more than 102 thousand investors and a size of 243.6 billion liras.

Previously, unit share values ​​of the funds were calculated every business day, sell orders were accepted every business day, and payments to investors were made on T+2 business days.

With the new regulation, the unit share value will be calculated once a month, on the 15th day of the month. While sales orders will continue to be received every business day, transactions will be carried out based on the unit share price calculated on the valuation day. Sales prices will be paid to investors on the 10th business day following the relevant price calculation date.

The new application will be valid for participation share sales orders given as of September 16, 2026 at 13.31.

Tera Portföy stated that the change was made in order to manage the liquidity risk of the funds more effectively, to meet intense refund demands and to prevent the sale of portfolio assets under market conditions that may be unfavorable to investors.

STATEMENT WITH EMPHASIS ON 'ERDOĞAN' AND 'SPECULATION'

Tera Holding Chairman of the Board of Directors Emre Tezmen also made a statement following the liquidity squeeze in the funds.

Tezmen wrote the following on his social media account:

"As Tera Group, we act with the mission of building a national financial power in our capital markets, maintaining market stability and ensuring the security of our investors, with our corporate stance of more than a quarter of a century.

As Tera Group, we have undertaken a great responsibility to ensure that the financial institutions within Pusula Finans Holding, which have been experiencing difficulties in our sector lately, and the thousands of savers who trust these institutions are not victimized. We took responsibility without any concern for personal or corporate prosperity so that the system would not crash, our citizens would not be harmed, and our country's financial infrastructure would not be shaken.

However, unfortunately, right after this historical responsibility we assumed on behalf of our nation and our financial system; We have been exposed to a highly planned, deliberate and organized speculative attack by certain evil forces.

This situation we are in; It is a speculative attack that cannot be overcome by any local or foreign financial institution alone, carries the risk of infecting the entire market, and aims at destruction of unprecedented and unprecedented magnitude.

It is a critical turning point for a local and national understanding to change the balances in our financial markets against global and traditional tutelage focuses. As Tera Group, we increased the power of our small investors and local savers in the market for the first time in history with the domestic financial models we developed.

I would like to state clearly that; The main reason behind this massive attack we are facing today is the deepening of a local and national will in the market and the fact that our nation's true children have a say in their own economy. This situation essentially consists of a temporary liquidity shortage in certain funds of our Portfolio Management Company.

Tera Family, which includes Turkey's highest capital portfolio management company and its most established brokerage firm, is a whole with its huge financial power and unshakable structure; All our companies continue their activities uninterruptedly and completely.

We have faced similar speculative moves and constructed pressures in the past; However, we always managed to overcome these difficulties with luck. My team and I have made all the preparations to overcome this challenge and taken the necessary precautions; We are putting our action plans into practice step by step.

I want it to be well known that; While these speculative attacks against our group continue, the attitude of those who avoid taking responsibility or remain silent in this process will not shake our determination; On the contrary, the struggle will further strengthen our determination and resistance.

We are not just about managing our companies; We set out to protect the rights of our nation, to build the future of the Turkish capital market and to serve our country. We have never hesitated to take responsibility and bear the burden of our country in difficult times, and we do not hesitate today either. Our struggle is not just about financial indicators; This struggle is Turkey's struggle for financial and economic independence. This attack we are facing; It will never shake the resistance and principled stance of our group. We are a big family. I have full faith that all our investors will stand up against these speculative moves carried out abroad and that we will overcome this process by integrating with our nation.

I would like to express clearly here: I have endless respect, love and faith for our President and his team who work day and night for the independence of our country. In line with the national vision represented by our President, we will resolutely maintain our local and national stance, not only in the financial field, but also on every platform and at every level of responsibility that our country needs.

We want to believe that all our relevant regulatory and supervisory institutions, especially the Capital Markets Board, will take the necessary steps against these unusual movements, protecting the market order, financial stability and the rights of domestic investors.

We are here; We will continue on our way with determination to take on greater responsibilities for the Turkish economy, for the welfare of our nation, for Turkey's future, and to serve this country in every field.

"With my unwavering belief that our capital market and our group will emerge stronger from these vilely designed speculative attacks, I would like to thank all my colleagues, our valued investors who have been patient, and our citizens who have trusted us."