ZORLU ENERJİ ELEKTRİK ÜRETİM A.Ş.

Capital/Financing Update • Mar 16, 2023

Summary Info	FIRST COUPON PAYMENT AND REDEMPTION OF THE COMMERCIAL PAPER WITH FIXED COUPON PAYMENT WITH THE ISIN CODE OF TRFZORN32319
Update Notification Flag	No
Correction Notification Flag	Yes
Postponed Notification Flag	No
Subject of Notification	Redemption
Reason of Correction	FIRST COUPON PAYMENT AND REDEMPTION OF THE COMMERCIAL PAPER WITH FIXED COUPON PAYMENT WITH THE ISIN CODE OF TRFZORN32319

Board Decision Date	14.02.2022

Related Issue Limit Info

Currency Unit	TRY
Limit	1.200.000.000
Issue Limit Security Type	Debt Securities
Sale Type	Sale To Qualified Investor
Domestic / Oversea	Domestic
Capital Market Board Approval Date	17.03.2022

Capital Market Instrument To Be Issued Info

Type	Bill
Maturity Date	16.03.2023
Maturity (Day)	168
Sale Type	Sale To Qualified Investor
Intended Nominal Amount	62.010.000
Intended Maximum Nominal Amount	62.010.000
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 AŞ
Nominal Value of Capital Market Instrument Sold	62.010.000
Maturity Starting Date	29.09.2022
Issue Price	1
Interest Rate Type	Fixed Rate
Interest Rate - Equivalent to Maturity (%)	16,1096
Interest Rate - Yearly Simple (%)	35,0000
Interest Rate - Yearly Compound (%)	38,3355
Traded in the Stock Exchange	Yes
Payment Type	TL Payment
ISIN Code	TRFZORN32319
Coupon Number	1
Currency Unit	TRY
Coupon Payment Frequency	Single Coupon

Redemption Plan of Capital Market Instrument Sold

Coupon Number	Payment Date	Record Date	Payment Date	Interest Rate - Periodic (%)	Payment Amount	Exchange Rate	Was The Payment Made?
1	16.03.2023	15.03.2023	16.03.2023	16,1096	9.989.562,93		Yes
Principal/Maturity Date Payment Amount	16.03.2023	15.03.2023	16.03.2023		62.010.000		Yes

Rating

Does the issuer have a rating note?	Yes

Issuer Rating Note

Rating Company	Rating Note	Rating Date	Is it Investment Grade?
JCR AVRASYA DERECELENDİRME A.Ş.	J2 (tr) - Kısa Vadeli Ulusal Notu	09.08.2022	Yes

Does the capital market instrument have a rating note?	No

Does the originator have a rating note?	No

Additional Explanations

Commercial paper, which was sold to qualified investors on September 29, 2022 with a maturity of 168 days and with the ISIN Code of TRFZORN32319, was redeemed as of today (March 16, 2023) with the completion of the first coupon payment amounting TL 9,989,562.93 and principal payment of TL 62,010,000. 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.