AYDEM YENİLENEBİLİR ENERJİ A.Ş.

Capital/Financing Update • Jun 10, 2021

Summary Info	Board of Directors Resolution Regarding Foreign Debt Instrument Issuance
Update Notification Flag	No
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

Additional Explanations

As per the Capital Markets Law No. 6362 and applicable law and Article 28 of the Company Articles of Association, our Board of Directors resolved on June 9, 2021, on the issuance of debt securities and making necessary applications to Capital Markets Board, Central Registry Agency and other regulatory authorities, for up to USD 1,000,000,000.00- (one billion USD) or equivalent amount in Turkish lira or other currencies, with fixed or variable interest, in various tenors or maturities to be determined in accordance with the market conditions as at the issuance dates. The securities are to be sold outside of Turkey, the considerations as to the appointment of the foreign underwriters appointment has been started and proceeds of the issuance will be used to the re-financing the existing bank loans and to finance the hybrid investments announced to the public in public disclosure made on 4 June 2021.