TÜRKİYE İŞ BANKASI A.Ş.

Capital/Financing Update • Jan 9, 2025

Summary Info	Issuance of Additional Tier 1 Eurobond Abroad
Update Notification Flag	No
Correction Notification Flag	No
Postponed Notification Flag	No
Subject of Notification	Other

Board Decision Date	20.11.2024

Related Issue Limit Info

Currency Unit	USD
Limit	5.000.000.000
Issue Limit Security Type	Debt Securities
Sale Type	Oversea
Domestic / Oversea	Oversea
Capital Market Board Approval Date	26.12.2024

Capital Market Instrument To Be Issued Info

Type	Subordinated Debt Securities
Maturity Date	15.07.2035
Maturity (Day)	3.833
Sale Type	Oversea

Rating

Does the issuer have a rating note?	Yes

Issuer Rating Note

Rating Company	Rating Note	Rating Date	Is it Investment Grade?
Fitch Ratings	AA-(tur)- Ulusal Uzun Vadeli Notu (National Long Term)	17.09.2024	Yes

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-	07.01.2025	No

Does the originator have a rating note?	No

Additional Explanations

Ref: Our public disclosure dated 07.01.2025. With the related public disclosure, it was announced that our Bank has mandated Abu Dhabi Commercial Bank, Emirates NBD Capital, JP Morgan Securities, Morgan Stanley, Societe Generale and Standard Chartered Bank, to hold a series of meetings beginning on January 7, 2025 with international investors to issue debt instruments abroad in compliance with the conditions mentioned in the Article 7 entitled "Additional Tier 1 Capital" in US Dollars. Within this framework, it is planned to issue an Additional Tier 1 Notes (AT1) abroad with a nominal value of USD 500 million, which possesses the characteristics specified in Article 7 of the Banking Regulation and Supervision Agency's (BRSA) Regulation on Equity of the Banks. This instrument will have a have call option subject to approval of the BRSA, a coupon rate of 9.125%, and will not have a maturity date, with coupon payments made semi-annually. The first call option can be exercised from 15 January 2030 to 15 July 2030, corresponding to the fifth year of issuance. If the bank does not call the bond during this period, an early redemption option will be available every six months on coupon payment dates thereafter. The issuance will be completed on 15 January 2025, following the necessary approval from the Capital Markets Board (CMB). Although Additional Tier 1 Notes are perpetual, the maturity date has been entered into the Central Securities Depository's (MKK) system with a maturity date of 15 July 2035 for identification purposes. This is the translation of the Turkish public disclosure made by Türkiye İş Bankası A.Ş. through the Public Disclosure Platform, under the Material Events Guideline prepared in accordance with the Communique of Material Events, numbered II-15.1. According to the Material Events Guideline and the regulations, the Turkish public disclosure shall prevail.