Amendment to Schedule 13D Filing for D-MARKET Electronic Services & Trading

Joint Stock Company Kaspi.kz, a Kazakhstan-based entity, has filed Amendment No. 7 to its Schedule 13D, reporting a change in beneficial ownership of D-MARKET Electronic Services & Trading. The filing indicates that as of March 18, 2026, Kaspi.kz beneficially owns 306,012,232 ordinary shares, representing 85.66% of the total outstanding shares. This increase in ownership stems from a transaction on March 16, 2026, where Kaspi.kz purchased 1,773,645 ordinary shares (represented by ADSs) at $2.95 per share, funded by working capital. The purpose of these transactions is to maintain a controlling interest in the issuer. Kaspi.kz continuously re-evaluates its investment and may consider various strategic actions. The filing details sole voting and dispositive power over the owned shares.