OTOKAR OTOMOTİV VE SAVUNMA SANAYİ A.Ş.

Capital/Financing Update • Dec 5, 2022

Summary Info	Decision of the Board of Directors regarding the domestic issuance of debt instruments without public offering.
Update Notification Flag	No
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

Additional Explanations

Our Board of Directors' resolution dated 5.12.2022 and in accordance with the authorization given by article 8 of the 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. Accordingly, an application with a request for the approval of the issuance certificate will be made to the Capital Markets Board. 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.