VESTEL ELEKTRONİK SANAYİ VE TİCARET A.Ş.

Capital/Financing Update • Sep 18, 2023

Summary Info	Issuance of A Commercial Paper With Floating Coupon Payment to Qualified Investors
Update Notification Flag	No
Correction Notification Flag	No
Postponed Notification Flag	No
Subject of Notification	Completion of the Sale

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	27.06.2024
Maturity (Day)	283
Sale Type	Sale To Qualified Investor
Intended Nominal Amount	500.000.000
Intended Maximum Nominal Amount	500.000.000
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	15.09.2023
Nominal Value of Capital Market Instrument Sold	500.000.000
Maturity Starting Date	18.09.2023
Issue Price	1
Interest Rate Type	Floating Rate
Floating Rate Reference	TREASURY
Additional Return	%6
Traded in the Stock Exchange	No
Payment Type	TL Payment
ISIN Code	TRFVSTL62423
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	18.12.2023	15.12.2023	18.12.2023	11,9672	48	57,23	59.836.000
2	18.03.2024	15.03.2024	18.03.2024
3	27.06.2024	26.06.2024	27.06.2024
Principal/Maturity Date Payment Amount	27.06.2024	26.06.2024	27.06.2024				500.000.000

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

Vestel Elektronik has announced on August 28, 2023 that the Capital Markets Board had approved the Company's application to issue TL denominated debt instruments up to a nominal value of TL 2,500,000,000 and with a maximum maturity of 5 years for sale in single or multiple tranches to qualified investors in the domestic market. Within this scope, the Company completed the sale of a TL 500,000,000 commercial paper with floating coupon payments with a maturity of 283 days to domestic qualified investors on September 18, 2023. Ak Yatırım Menkul Kıymetler AŞ has acted as the financial intermediary for the issue. 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.