ZORLU ENERJİ ELEKTRİK ÜRETİM A.Ş.

Capital/Financing Update • Oct 10, 2024

Summary Info	Developments regarding the issuance of debt instruments for sale to non-residents
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No

Authorized Member Decision Date	04.09.2024
Issue Limit	1.100.000.000
Currency Unit	USD
Issue Limit Security Type	Debt Securities
Sale Type	Oversea
Domestic / Oversea	Oversea
Capital Market Board Application Date	04.09.2024
Capital Market Board Application Result	APPROVAL
Capital Market Board Approval Date	25.09.2024
Expiry Date of Issue Limit	25.09.2025

Additional Explanations

BofA Securities, Emirates NBD Capital, Goldman Sachs International, HSBC and J.P. Morgan Securities have been mandated for selling our Company's bonds to qualified investors outside Turkey within the format of "Rule 144A" and/or "Regulation S". In this context, it is planned to arrange a series of virtual investor meetings with the participation of our Company's senior management starting from October 10, 2024. Our Company has been assigned with credit ratings of B+ (Stable) by Fitch Ratings and B3 (Positive) by Moody's in connection with its potential transaction. The ultimate decision for the bond issuance which also will be Sustainability-Linked and the amount and the terms of the bond issue will be determined based on the market conditions following the investor meetings. The Eurobond is expected to be rated "B+" by Fitch Ratings and "B3" by Moody's. This statement has been 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.