VESTEL ELEKTRONİK SANAYİ VE TİCARET A.Ş.

Capital/Financing Update • May 15, 2025

Summary Info	Completion of Second Coupon Payment for the Eurobond with the ISIN Code of XS2817919587
Update Notification Flag	No
Correction Notification Flag	Yes
Postponed Notification Flag	No
Subject of Notification	Coupon Payment
Reason of Correction	No correction has bee made.

Board Decision Date	14.03.2024

Related Issue Limit Info

Currency Unit	USD
Limit	500.000.000
Issue Limit Security Type	Debt Securities
Sale Type	Oversea
Domestic / Oversea	Oversea
Capital Market Board Approval Date	18.04.2024

Capital Market Instrument To Be Issued Info

Type	Bond
Maturity Date	15.05.2029
Maturity (Day)	1.826
Sale Type	Oversea
The country where the issue takes place	İrlanda
Central Securities Depository	DTC/Euroclear/Clearstream
Ending Date of Sale	15.05.2024
Nominal Value of Capital Market Instrument Sold	500.000.000
Maturity Starting Date	15.05.2024
Issue Exchange Rate	1
Interest Rate Type	Fixed Rate
Traded in the Stock Exchange	No
Payment Type	Foreign Exchange Payment
ISIN Code	XS2817919587
Coupon Number	10
Currency Unit	USD
Coupon Payment Frequency	Once Every Six Months

Redemption Plan of Capital Market Instrument Sold

Coupon Number	Payment Date	Was The Payment Made?
1	15.11.2024	Yes
2	15.05.2025	Yes
3	17.11.2025
4	15.05.2026
5	16.11.2026
6	17.05.2027
7	15.11.2027
8	15.05.2028
9	15.11.2028
10	15.05.2029
Principal/Maturity Date Payment Amount	15.05.2029

Rating

Does the issuer have a rating note?	Yes

Issuer Rating Note

Rating Company	Rating Note	Rating Date	Is it Investment Grade?
Fitch Ratings	B+ (Negative)	21.11.2024	No

Does the capital market instrument have a rating note?	Yes

Capital Market Instrument Rating Note

Rating Company	Rating Note	Rating Date	Is it Investment Grade?
Fitch Ratings	B+ (Negative)	21.11.2024	No

Does the originator have a rating note?	No

Additional Explanations

The second coupon payment amounting to USD 24,375,000 on the USD 500,000,000 nominally valued eurobond which was sold on May 15, 2024 and June 14, 2024 and trades with the ISIN Code of XS2817919587, was made as of today. According to the assessment made by Fitch Ratings on 21.11.2024, Vestel Elektronik's and bond's rating was determined as "B+ (Negative)" and according to the assessment made by Moody's Ratings on 15.04.2025, Vestel Elektronik's Long Term Corporate Family rating and bond's rating was determined as "Caa1 (Negative)". This statement was translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the turkish version shall prevail.