ZORLU ENERJİ ELEKTRİK ÜRETİM A.Ş.

Capital/Financing Update • Feb 17, 2023

Summary Info	ISSUANCE OF A COMMERCIAL PAPER WITH FIXED 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	06.10.2022

Related Issue Limit Info

Currency Unit	TRY
Limit	1.400.000.000
Issue Limit Security Type	Debt Securities
Sale Type	Sale To Qualified Investor
Domestic / Oversea	Domestic
Capital Market Board Approval Date	11.11.2022

Capital Market Instrument To Be Issued Info

Intended Nominal Amount	126.880.000
Intended Maximum Nominal Amount	126.880.000
Central Securities Depository	Merkezi Kayıt Kuruluşu A.Ş.
The country where the issue takes place	Türkiye
Type	Bill
Maturity Date	10.08.2023
Maturity (Day)	174
Interest Rate Type	Fixed Rate
Interest Rate - Yearly Simple (%)	36,0001
Interest Rate - Yearly Compound (%)	39,4093
Sale Type	Sale To Qualified Investor
ISIN Code	TRFZORN82314
Title Of Intermediary Brokerage House	AK YATIRIM MENKUL DEĞERLER A.Ş.
Payment Type	TL Payment
Traded in the Stock Exchange	Yes
Maturity Starting Date	17.02.2023
Nominal Value of Capital Market Instrument Sold	126.880.000
Issue Price	1
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	10.08.2023	09.08.2023	10.08.2023	17,1617
Principal/Maturity Date Payment Amount	10.08.2023	09.08.2023	10.08.2023

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

Zorlu Enerji has announced on November 14, 2022 that the Capital Markets Board had approved the Company's application to issue debt instruments up to a nominal value of TL 1,400,000,000 and with a maximum maturity of 5 years for sale in single or multiple tranches to qualified investors in the domestic market within one year following the receipt of the issuance certificate. Within this scope, the Company completed the sale of a TL 126,880,000 fixed coupon commercial paper with a maturity of 174 days to qualified domestic investors on February 17, 2023. Ak Yatırım Menkul Değerler AŞ has acted as the financial intermediary for the issue. 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.