ZORLU ENERJİ ELEKTRİK ÜRETİM A.Ş.

Capital/Financing Update • Feb 17, 2023

Summary Info	FIRST COUPON PAYMENT AND REDEMPTION OF THE COMMERCIAL PAPER WITH FIXED COUPON PAYMENT WITH THE ISIN CODE OF TRFZORN22310
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No
Subject of Notification	Redemption

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

Central Securities Depository	Merkezi Kayıt Kuruluşu AŞ
The country where the issue takes place	Türkiye
Type	Bill
Maturity Date	17.02.2023
Maturity (Day)	127
Interest Rate Type	Fixed Rate
Interest Rate - Yearly Simple (%)	36,0002
Interest Rate - Yearly Compound (%)	40,3792
Sale Type	Sale To Qualified Investor
ISIN Code	TRFZORN22310
Title Of Intermediary Brokerage House	AK YATIRIM MENKUL DEĞERLER A.Ş.
Payment Type	TL Payment
Traded in the Stock Exchange	Yes
Maturity Starting Date	13.10.2022
Nominal Value of Capital Market Instrument Sold	230.570.000
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	17.02.2023	16.02.2023	17.02.2023	12,5261	28.881.428,65		Yes
Principal/Maturity Date Payment Amount	17.02.2023	16.02.2023	17.02.2023		230.570.000		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 October 13, 2022 with a maturity of 127 days and with the ISIN Code of TRFZORN22310, was redeemed as of today (February 17, 2023) with the completion of the first coupon payment amounting TL 28,881,428.65 and principal payment of TL 230,570,000. 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.