ISTANBUL, Turkiye and NEW YORK, July 28, 2026 — Gersan Elektrik Ticaret ve Sanayi A.S. ("Gersan Elektrik," "Gersan" or the "Company") (BIST: GEREL; OTCQX: GERLF), a Türkiye-based publicly traded industrial manufacturer in the electrical equipment, energy distribution and electromechanical infrastructure sectors, announced that its ordinary shares are now trading on the OTCQX Best Market in the United States under the ticker symbol "GERLF." The Company continues to trade on Borsa Istanbul under the ticker symbol "GEREL." U.S. investors can access current financial disclosure and market information on www.otcmarkets.com under the symbol "GERLF."

The OTCQX Best Market is the highest tier of the U.S. over-the-counter markets, positioned above the OTCQB and Pink tiers, and is designed for established, investor-focused companies that meet financial and governance standards. Unlike a full listing on a major U.S. exchange such as the NYSE or Nasdaq, OTCQX qualification allows international companies already trading on a recognized home-market exchange to make their existing disclosures accessible to U.S. investors without undertaking a full SEC registration process.

To mark the occasion, Gersan Elektrik participated in a market open ceremony at OTC Markets Group's New York office on July 28, 2026. Representatives of Gersan Elektrik, Usul Ventures and invited guests from the Turkish and international business community attended the event, which the Company described as an important communication milestone for its U.S. capital markets presence.

Company Overview and Product Portfolio

Gersan Elektrik is one of Türkiye's established industrial companies in the electrical sector. The Company designs, manufactures and supplies products and systems that support the transmission, distribution, organization and protection of electrical conductors across a wide range of infrastructure applications. Its product portfolio includes busbar systems, cable carrier systems, grounding systems, electrical panels, EV charging systems, automation systems, lighting systems and related electromechanical infrastructure solutions.

These products are deployed in industrial facilities, commercial buildings, airports, refineries, hospitals, hotels, power transmission projects, renewable energy infrastructure and other critical applications. The Company's busbar systems are particularly relevant to modern electrical infrastructure projects, including data center installations, where efficient power distribution, installation quality and operational reliability are key considerations. Data center power infrastructure has drawn increased industry attention as global cloud computing, artificial intelligence and enterprise digitalization investments continue to scale, driving demand for reliable high-capacity electrical distribution components.

Strategic Acquisition Initiative for U.S.-Based Production

In recent weeks, Gersan announced it had initiated a strategic acquisition process intended to support potential U.S.-based production of its busbar products, including applications for data center installations — one of the key end markets for this product group. This initiative forms part of the Company's broader strategy to evaluate international business development opportunities that may complement its core industrial activities and strengthen its commercial presence in selected markets.

Establishing U.S.-based production, if completed, could position Gersan closer to North American infrastructure customers and supply chains, a consideration that has increasingly influenced industrial manufacturers' site-selection decisions in sectors tied to large-scale construction and critical infrastructure.

International Capital Markets Strategy

Trading on OTCQX under GERLF represents a significant step in Gersan's international capital markets strategy. By making its public disclosures and trading information more accessible to U.S.-based investors, the Company aims to strengthen international visibility, broaden awareness of its industrial platform and support a more structured investor communication framework outside Türkiye. The move aligns with a broader pattern of companies from emerging-market exchanges using OTCQX cross-trading to build investor awareness in advance of or alongside other international business development efforts.

The Company characterized its recent capital markets and real-sector business development steps as reflecting a coordinated internationalization strategy. While OTCQX trading is intended to enhance capital markets visibility and information access for U.S. investors, Gersan's ongoing business development initiatives focus on identifying opportunities aligned with its core industrial capabilities, product portfolio and long-term growth discipline.

Erkan Izgi, Chairman of the Board of Gersan Elektrik, stated: "Gersan's trading commencement on OTCQX under the ticker GERLF is an important milestone for our Company's international visibility. We have built Gersan on a long-standing industrial foundation, and our objective is to carry this experience into a broader international framework. We intend to pursue investment and growth initiatives that are aligned with our core business, supported by disciplined financial planning and consistent with our public disclosure obligations."

Mr. Izgi continued: "Our recent capital markets step in the United States and our ongoing business development initiatives should be viewed as complementary parts of the same strategy. We aim to strengthen Gersan's international presence not only through investor communication, but also through real-sector opportunities that may support our product capabilities, market access and long-term institutional positioning. As we move forward, we will continue to evaluate opportunities carefully and transparently, with a focus on sustainable growth."

Role of Usul Ventures

Usul Ventures, an international capital markets and strategic advisory firm included in OTC Markets Group's Premium Provider Directory, served as process manager and strategic advisor to Gersan Elektrik in connection with the OTCQX trading process and related international capital markets positioning. Following the trading commencement, Usul Ventures is expected to continue supporting the Company's U.S. market communication strategy, investor relations framework, business development positioning and post-trading engagement initiatives, in coordination with the Company and its professional advisors.

OTCQX Market Qualification

Trading on the OTCQX Market offers qualified international companies efficient access to the U.S. capital markets. For companies whose securities trade on a qualified international market, OTCQX provides a framework enabling them to make their home market disclosure available to U.S. investors. To qualify, companies must meet financial standards, follow best-practice corporate governance and demonstrate compliance with applicable securities laws.

Ongoing Disclosure Commitments

Gersan Elektrik intends to continue communicating material developments through Türkiye's Public Disclosure Platform, Borsa Istanbul-related public reporting channels and its official investor communication channels. The Company's international investor communication activities are intended to provide context around publicly available information and are not intended to provide investment advice, price targets, trading recommendations or selective disclosure of material non-public information.

About Gersan Elektrik

Gersan Elektrik Ticaret ve Sanayi A.S. is a Türkiye-based publicly traded industrial manufacturer operating in the electrical equipment, energy distribution and electromechanical infrastructure sectors. The Company designs, manufactures and supplies cable carrier systems, busbar systems, grounding systems, electrical panels, EV charging systems, automation systems, lighting systems and related infrastructure products used in industrial facilities, buildings, airports, refineries, hospitals, hotels, power transmission projects, renewable energy applications and other critical infrastructure projects. Gersan Elektrik trades on Borsa Istanbul under GEREL and on the OTCQX Best Market in the United States under GERLF. For further information, visit www.gersan.com.tr.

About Usul Ventures

Usul Ventures is an international capital markets and strategic advisory firm supporting companies in cross-market access, investor communication, corporate positioning and transaction-related advisory processes. Usul Ventures is included in OTC Markets Group's Premium Provider Directory and has supported Gersan Elektrik in connection with its OTCQX trading process and related U.S. market positioning.

Forward-Looking Statements and Disclaimers

This announcement is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States, Türkiye or any other jurisdiction. No securities may be offered or sold in any jurisdiction except pursuant to registration or an applicable exemption under applicable securities laws.

This press release may contain forward-looking statements, including statements regarding the Company's international business development strategy, U.S. market communication activities, potential acquisition processes, potential U.S.-based production capabilities, investor communication strategy, market visibility, growth initiatives and other plans or expectations. Forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties, many of which are outside the Company's control. Actual results, timing, approvals, agreements, market conditions and outcomes may differ materially. The Company undertakes no obligation to update any forward-looking statement except as required by applicable law.

Media Contact

Gersan Elektrik Ticaret ve Sanayi A.S. — Investor Relations
info@gersan.com.tr
+90 216 593 00 50
gersan.com.tr/en