VESTEL ELEKTRONİK SANAYİ VE TİCARET A.Ş.

Capital/Financing Update • May 8, 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	14.03.2024
Issue Limit	500.000.000
Currency Unit	USD
Issue Limit Security Type	Debt Securities
Sale Type	Oversea
Domestic / Oversea	Oversea
Capital Market Board Application Date	14.03.2024
Capital Market Board Application Result	APPROVAL
Capital Market Board Approval Date	18.04.2024
Expiry Date of Issue Limit	18.04.2025

Additional Explanations

Pursuant to our material event disclosure dated May 1, 2024, the book building process for the sale of our Company's bonds to qualified investors outside of Turkey in accordance with the "Regulation S" and "Rule 144A" has been completed. The bonds to be issued have a nominal value of USD 450 million with a 5-year maturity and a fixed coupon rate of 9.75% per annum. The bonds will be listed on the Euronext Dublin Stock Exchange. The transaction is expected to be completed on May 15, 2024 after the subscription agreement is signed and the tranche issuance certificate is obtained from the Capital Markets Board of Türkiye. 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.