ZORLU ENERJİ ELEKTRİK ÜRETİM A.Ş.

Capital/Financing Update • Sep 4, 2024

Summary Info	Board of Directors' resolution on issuance of debt securities outside of Turkey and application to the Capital Markets Board
Update Notification Flag	No
Correction Notification Flag	No
Postponed Notification Flag	Yes

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

Additional Explanations

In the meeting of the Board of Directors dated 04.09.2024; Based on the authority granted by Article 14 of our Company's Articles of Association, it was decided to issue debt instruments up to a total amount of USD 1,100,000,000 or its equivalent, in accordance with the provisions of the Communiqué on Debt Instruments of the Capital Markets Board, to be sold abroad without being offered for sale in the country, through one or more issuances within a period of 1 year, with or without collateral, with fixed and/or variable interest rates and terms and conditions, in various arrangements and maturities to be determined according to the market conditions on the dates of issuance, and to apply to the Capital Markets Board for approval of the issuance document, and our application was made to the Capital Markets Board on 04.09.2024 (today). Following the approval of the issuance document by the Capital Markets Board, the final decision for the issuance will be made by determining the final amount, maturity and interest, taking into account the market conditions on the issuance date.Due to the uncertainty of the debt instrument issuance until the outcome of the credit rating service received and the evaluation of the suitability of the market conditions, our Company's decision to conclude the financial consultancy and credit rating service agreements for the debt instrument issuance and to evaluate the debt instrument issuance has been postponed until the issuance decision is taken with the Board of Directors' decision dated 03.07.2024 within the scope of Article 6 of the Capital Markets Board's Communiqué on Material Events Disclosure. 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.