ARÇELİK A.Ş.

Notice of Dividend Amount • Feb 20, 2023

Summary Info	Dividend Distribution Proposal of the Board of Directors of the Company
Update Notification Flag	No
Correction Notification Flag	No
Postponed Notification Flag	No

Decision Date	20.02.2023
Date of Related General Assembly	16.03.2023
Type of Cash Dividend Payment	2 Installment
Currency Unit	TRY
Stock Dividend	Will Not Be Paid

Cash Dividend Payment Amount and Rates

Share Group Info	Payment	Cash Dividend To Be Paid For Share With Par Value of 1 TL - Gross (TL)	Cash Dividend To Be Paid For Share With Par Value of 1 TL - Gross (%)	Withholding Rate (%)	Cash Dividend To Be Paid For Share With Par Value of 1 TL - Net (TL)	Cash Dividend To Be Paid For Share With Par Value of 1 TL - Net (%)
ARCLK, TRAARCLK91H5	1. Installment	1,4798849	147,98849	10	1,3318964	133,18964
ARCLK, TRAARCLK91H5	2. Installment	1,1839079	118,39079	10	1,0655171	106,55171
ARCLK, TRAARCLK91H5	TOTAL	2,6637928	266,37928	10	2,3974135	239,74135

Dividend Dates

Payment	Proposed Ex-Dividend Date	Final Ex-Dividend Date	Payment Date	Record Date
1. Installment	20.03.2023		22.03.2023	21.03.2023
2. Installment	25.09.2023		27.09.2023	26.09.2023

(1) The date that the dividend will be paid and the share will start trading without dividend right (proposed).

(2) The date that the dividend will be paid and the share will start trading without dividend right (finalized).

(3) Date of entry to the accounts of the shareholders whose shares are traded on the stock exchange.

(4) Date of determination of the right holders of the type of shares traded on the stock exchange.

Amount and Rate of Cash Dividend Stock Dividend Payment

Share Group Info	Amount of Stock Dividend (TL)	Rate of Stock Dividend (%)
ARCLK, TRAARCLK91H5	0	0

Additional Explanations

Our Company Board of Directors made the following decision on the February 20, 2023.

The financial statements for the accounting period 01.01.2022 and 31.12.2022, which was prepared by our Company and in compliance with the Turkish Financial Reporting Standards (TFRS) and audited by PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş, were reviewed and accepted to be submitted to the General Assembly.

As a result of the examination of the financial statements of Arçelik A.Ş. held in accordance with the provisions of the Tax Procedure Law;

According to TFRS, net profit of the Company is TRY 4,324,671,826.46 and accordance with Tax Procedure law, current year profit is TRY 1,534,073,841.00

a) The 5 % portion of legal reserves which has to be allocated according to Turkish Commercial Code article 519, will not be allocated for 2022 since legal reserves amount as of 31.12.2021 according to Tax Procedure Law reached 20% of the capital.

In accordance with TFRS, distributable profit is TRY 4,324,671,826.46 which is the sum of net profit of TRY 4,331,367,607.85 plus donations of TRY 6,695,781.39

Net profit of TRY 1,437,558,202.68 is distributable profit according to financial statement prepared according to Tax Procedure Law, after deducting previous year losses amounting to TRY 96,515,638.32 TL from the net profit for the period amounting to TRY 1,534,073,841.00

b) In accordance with Capital Market Legislation and the profit distribution clause of the Company's Articles of Association and the Profit Distribution Policy approved by shareholders in the General Assembly dated 27.03.2014; considering market expectations, our Company's long-term strategies, investments and financing policies, profitability and cash status dividend amount is decided as below

TRY 1,800,000,000.00 first dividend payable to shareholders

TRY 176,621,358.98 portion of legal reserves

c) Total amount of TRY 1,800,000,000.00 which is the sum of the first and second part dividend, will be paid in cash to the shareholders;

d) If the above profit distribution proposal is accepted by the General Assembly, based on our registrations prepared according to Tax Procedure Law, the total dividend of TRY 1,800,000000.00 to be paid to the shareholders from TRY 1,309,942,585.19 current year earnings, TRY 391,545,929.45 from Other Capital Reserves and TRY 98,511,485.36 from Extraordinary Reserves. Besides, the total amount of the secondary general legal reserve of TRY 176,621,358.98 to be paid from TRY 127.615.617,49 current year other earnings, TRY 39,154,592.94 from Other Capital Reserves and TRY 9,851,148,54 from Extraordinary Reserves.

e) To our shareholders which are full taxpayer institutions or limited taxpayer institutions obtaining dividend through a workplace or permanent representatives in Turkey; dividend to be paid at the rate of 266.37928% and TRY 2.6637928 gross=net cash for shares at the nominal value of TRY 1.00; and gross cash dividend of TRY 2.6637928 at the rate of 266.37928% and net cash dividend of TRY 2.3974135 at the rate of 239.74135 % for shares with a nominal value of TRY 1.00 to be paid to our other shareholders,

f) Determining of first part dividend payment date as March 20, 2023; second part dividend payment date as September 25, 2023.

It has been decided to submit our shareholders for the approval at the Ordinary General Meeting of our company that will be held on March 16, 2023.

In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.

Supplementary Documents

Appendix: 1	KAR DAĞITIM TABLOSU.pdf
Appendix: 2	DIVIDEND DISTRUBUTION TABLE.pdf

DIVIDEND DISTRIBUTION TABLE

ARÇELİK A.Ş. 01.01.2022/31.12.2022 Period Dividend Payment Table (TL)

1.Paid-In / Issued Capital	675.728.205
2. Total Legal Reserves (According to Legal Records)	709.021.679,13
Information on privileges in dividend distribution, if any, in the Articles of Association:	No, there is not.

*	Based on CMB Regulations	Based on Legal Records
3. Current Period Profit	4.218.013.240,84	1.534.073.841
4. Taxes Payable (-)	505.043.508,05	0
5. Net Current Period Profit	4.324.671.826,46	1.534.073.841
6. Losses in Previous Years (-)	0	96.515.638,32
7. Primary Legal Reserve (-)	0	0
8. Net Distributable Current Period Profit	4.324.671.826,46	1.437.558.202,68
Dividend Advance Distributed (-)	0	0
Dividend Advance Less Net Distributable Current Period Profit	0	0
9. Donations Made During The Year ( + )	6.695.781,39	0
10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated	4.331.367.607,85	0
11. First Dividend to Shareholders	1.800.000.000	33.786.410,25
* Cash	1.800.000.000	33.786.410,25
* Stock	0	0
12. Dividend Distributed to Owners of Privileged Shares	0	0
13. Other Dividend Distributed	0	0
* To the Employees	0	0
* To the Members of the Board of Directors	0	0
* To Non-Shareholders	0	0
14. Dividend to Owners of Redeemed Shares	0	0
15. Second Dividend to Shareholders	0	1.276.156.174,94
16. Secondary Legal Reserves	176.621.358,98	127.615.617,49
17. Statutory Reserves	0	0
18. Special Reserves	0	0
19. Extraordinary Reserves	2.348.050.467,49	0
20. Other Distributable Resources	0	490.057.414,81

Dividend Payment Rates Table

Share Group	CASH DIVIDEND AMOUNT (TL) - NET	STOCK DIVIDEND AMOUNT (TL)	TOTAL DIVIDEND AMOUNT (TL) / NET DISTRIBUTABLE CURRENT PERIOD PROFIT (%)	DIVIDEND TO BE PAID FOR SHARE WITH PAR VALUE OF 1 TL - NET (TL)	DIVIDEND TO BE PAID FOR SHARE WITH PAR VALUE OF 1 TL - NET (%)
- - -	1.757.250.518,62	0	40,63	2,3974135	239,74
TOTAL	1.757.250.518,62	0	40,63	2,3974135	239,74

Dividend Rate Table Explanations

(*) There is no privileged share group in the profit.

(**) The dividend shall be distributed from TRY 1,309,942,585.19 current year earnings, TRY 391,545,929.45 from Other Capital Reserves and TRY 98,511,485.36 from Extraordinary Reserves. The withholding tax shall be charged to such non-exempted portion of individual taxpayers. For the purpose of calculating the total net dividend to be distributed, a calculation free of withholding tax shall be done for such portion that corresponds to the share of corporate shareholders which are known to be exempt from the withholding tax while the calculation for the entire unknown portion is based on the assumption that withholding tax shall be charged.