OTOKAR OTOMOTİV VE SAVUNMA SANAYİ A.Ş.

Capital/Financing Update • Dec 6, 2022

Summary Info	CMB application on domestic debt securities issuance
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No

Authorized Member Decision Date	05.12.2022
Issue Limit	2.000.000.000
Currency Unit	TRY
Issue Limit Security Type	Debt Securities
Sale Type	Private Placement-Sale To Qualified Investor
Domestic / Oversea	Domestic
Capital Market Board Application Date	06.12.2022

Additional Explanations

In accordance with our Board of Directors' resolution dated 5.12.2022 and based on the authorization given by article 8 of Company's Articles of Association; it is resolved to issue debt instruments with a total nominal value up to 2.000.000.000 TL (Two Billion Turkish Liras) after the Capital Markets Board's approval of the issuance, within the period that issuance limit is valid and to do the sale one or several times domestically by way of selling to qualified investors and/or private placement excluding public offering. Within this context it is further decided; to authorize the Company management to determine the terms of issuance and to execute the issuance procedures. Within the scope of this decision, the necessary permission application was made to the Capital Markets Board today. 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.