SCHEDULE 13G 0001508563 XXXXXXXX LIVE Ordinary Shares, nominal value TRY 0.20 per share 12/01/2025 0001850235 D-MARKET Electronic Services & Trading 23292B104 KUSTEPE MAHALLESI MECIDIYEKOY YOLU CADDE NO: 12 TRUMP TOWERS KULE 2 K2 SISLI ISTANBUL W8 34387 Rule 13d-1(b) Rule 13d-1(c) VR Global Partners, L.P. E9 16168013 0 16168013 0 16168013 N 5 PN VR Advisory Services Ltd E9 16168013 0 16168013 0 16168013 N 5 CO IA VR Capital Participation Ltd. E9 16168013 0 16168013 0 16168013 N 5 CO HC VR Capital Group Ltd. E9 16168013 0 16168013 0 16168013 N 5 CO HC VR Capital Holdings Ltd. E9 16168013 0 16168013 0 16168013 N 5 CO HC Richard Deitz X1 16168013 0 16168013 0 16168013 N 5 IN HC D-MARKET Electronic Services & Trading KUSTEPE MAHALLESI MECIDIYEKOY YOLU, CADDE NO: 12 TRUMP TOWERS KULE 2 K2, SISLI ISTANBUL, Turkey, 34387 The Statement is filed on behalf of each of the following persons (collectively, the "Reporting Persons"): (i) VR Global Partners, L.P. (the "Fund"); (ii) VR Advisory Services Ltd ("VR"); (iii) VR Capital Participation Ltd. ("VRCP"); (iv) VR Capital Group Ltd. ("VRCG"); (v) VR Capital Holdings Ltd. ("VRCH"); and (vi) Richard Deitz For the Fund, VRCP, VRCG and VRCH: c/o Intertrust (Cayman) Limited, One Nexus Way, Camana Bay, Grand Cayman, KY1-9005, Cayman Islands For VR: 601 Lexington Avenue, 59th Floor, New York, New York, 10022, USA For Mr. Deitz: The Kensington Building, 1 Wrights Lane, Fourth Floor, London W8 5RY, United Kingdom (i) The Fund is a Cayman Islands exempted limited partnership; (ii) VR is a Cayman Islands exempted company; (iii) VRCP is a Cayman Islands exempted company; (iv) VRCG is a Cayman Islands exempted company; (v) VRCH is a Cayman Islands exempted company; and (vi) Mr. Deitz is a United States citizen. N IA HC 16,168,013 Ordinary Shares of D-MARKET Electronic Services & Trading (the "Issuer") reported as beneficially owned herein are directly held by the Fund. VR, as the general partner and investment adviser of the Fund, may be deemed to exercise voting and investment power over the 16,168,013 Ordinary Shares held by the Fund and thus may be deemed to beneficially own such Ordinary Shares. VRCP, as the sole shareholder of VR, also may be deemed to beneficially own the 16,168,013 Ordinary Shares held by the Fund. VRCG, as the sole shareholder of VRCP, also may be deemed to beneficially own the 16,168,013 Ordinary Shares held by the Fund. VRCH, as the sole shareholder of VRCG, also may be deemed to beneficially own the 16,168,013 Ordinary Shares held by the Fund. Mr. Deitz, as the control person of VR and VRCP, also may be deemed to beneficially own the 16,168,013 Ordinary Shares held by the Fund. As of the date hereof, each of the Fund, VR, VRCP, VRCG, VRCH and Mr. Deitz may be deemed to beneficially own 16,168,013 Ordinary Shares of the Issuer, representing approximately 5.03% of the Ordinary Shares outstanding. The above percentages are based on 321,382,906 Ordinary Shares of the Issuer outstanding as of December 31, 2024, as reported in the Issuer's Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 30, 2025. 16,168,013.00 0 16,168,013.00 0 Y Y Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. VR Global Partners, L.P. /s/ Emile du Toit 12/02/2025 VR Advisory Services Ltd /s/ Emile du Toit 12/02/2025 VR Capital Participation Ltd. /s/ Emile du Toit 12/02/2025 VR Capital Group Ltd. /s/ Emile du Toit 12/02/2025 VR Capital Holdings Ltd. /s/ Emile du Toit 12/02/2025 Richard Deitz /s/ Richard Deitz 12/02/2025