VESTEL ELEKTRONİK SANAYİ VE TİCARET A.Ş.

Capital/Financing Update • Dec 15, 2023

Summary Info	Completion of First Coupon Payment and Announcement of the Interest Rate for the Second Coupon Payment for the Commercial Paper with the ISIN Code of TRFVSTL62415
Update Notification Flag	No
Correction Notification Flag	Yes
Postponed Notification Flag	No
Subject of Notification	Coupon Payment
Reason of Correction	Floating rate reference has been revised.

Board Decision Date	23.06.2023

Related Issue Limit Info

Currency Unit	TRY
Limit	2.500.000.000
Issue Limit Security Type	Debt Securities
Sale Type	Sale To Qualified Investor
Domestic / Oversea	Domestic
Capital Market Board Approval Date	24.08.2023

Capital Market Instrument To Be Issued Info

Type	Bill
Maturity Date	06.06.2024
Maturity (Day)	265
Sale Type	Sale To Qualified Investor
Intended Nominal Amount	300.000.000
Intended Maximum Nominal Amount	300.000.000
The country where the issue takes place	Türkiye
Title Of Intermediary Brokerage House	AK YATIRIM MENKUL DEĞERLER A.Ş.
Central Securities Depository	Merkezi Kayıt Kuruluşu A.Ş.
Ending Date of Sale	14.09.2023
Nominal Value of Capital Market Instrument Sold	300.000.000
Maturity Starting Date	15.09.2023
Issue Price	1
Interest Rate Type	Floating Rate
Floating Rate Reference	TLREFK
Additional Return	%5
Traded in the Stock Exchange	Yes
Payment Type	TL Payment
ISIN Code	TRFVSTL62415
Coupon Number	3
Currency Unit	TRY
Coupon Payment Frequency	Quarterly

Redemption Plan of Capital Market Instrument Sold

Coupon Number	Payment Date	Record Date	Payment Date	Interest Rate - Periodic (%)	Interest Rate - Yearly Simple (%)	Interest Rate - Yearly Compound (%)	Payment Amount	Exchange Rate	Was The Payment Made?
1	15.12.2023	14.12.2023	15.12.2023	11,7179	47	56,05	35.153.700		Yes
2	15.03.2024	14.03.2024	15.03.2024	11,7179	47	55,96	35.153.700
3	06.06.2024	05.06.2024	06.06.2024
Principal/Maturity Date Payment Amount	06.06.2024	05.06.2024	06.06.2024				300.000.000

Rating

Does the issuer have a rating note?	Yes

Issuer Rating Note

Rating Company	Rating Note	Rating Date	Is it Investment Grade?
JCR-Eurasia Rating	J1 (tr) / (Stabil Görünüm)	29.11.2022	Yes

Does the capital market instrument have a rating note?	No

Does the originator have a rating note?	No

Additional Explanations

The first coupon payment amounting to TL 35,153,700 on the TL 300,000,000 nominally valued commercial paper, which was sold to qualified investors on September 15, 2023 with a maturity of 265 days and trades with the ISIN Code of TRFVSTL62415, was made as of today. The interest rate for the second coupon payment has been set as 11,7179% (simple annual interest 47%). 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