AYDEM YENİLENEBİLİR ENERJİ A.Ş.

Capital/Financing Update • Jul 27, 2021

Summary Info	Developments on the Issuance of Debt Securities for Sale Outside of Turkey
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No

Authorized Member Decision Date	09.06.2021
Issue Limit	1.000.000.000
Currency Unit	USD
Issue Limit Security Type	Debt Securities
Sale Type	Oversea
Domestic / Oversea	Oversea
Capital Market Board Application Date	16.06.2021
Capital Market Board Application Result	APPROVAL
Capital Market Board Approval Date	14.07.2021
Expiry Date of Issue Limit	14.07.2022

Additional Explanations

The book building process for the green bonds to be issued outside of Turkey to qualified investors within the format of "Rule 144A" and/or "Regulation S" is successfully completed. As a result of the bookbuilding process, with the participation of 131 investors, including long-term investors, the book is oversubscribed with U.S.$1.6 billion order. The notes will have nominal value of U.S.$750 million and the maturity of 5.5 years. All outstanding financial indebtedness of the Company to the lenders will be paid with the proceeds of the issuance. The notes will not bear any principal payment for 3.5 years and the remaining proceeds will be utilized within the next three years to meet Company's objective to double its installed capacity. The sale transaction is expected to be completed on 02.08.2021, following the Capital Markets Board approval for the tranche issuances.