ARÇELİK A.Ş.

Notice of Dividend Amount • Feb 20, 2020

Summary Info	Dividend Distribution Proposal of the Board of Directors of the Company
Update Notification Flag	No
Correction Notification Flag	No
Postponed Notification Flag	No

Decision Date	20.02.2020
Date of Related General Assembly	25.03.2020
Type of Cash Dividend Payment	Payment In Advance
Currency Unit	TRY
Stock Dividend	Will Not Be Paid

Cash Dividend Payment Amount and Rates

Share Group Info	Payment	Cash Dividend To Be Paid For Share With Par Value of 1 TL - Gross (TL)	Cash Dividend To Be Paid For Share With Par Value of 1 TL - Gross (%)	Withholding Rate (%)	Cash Dividend To Be Paid For Share With Par Value of 1 TL - Net (TL)	Cash Dividend To Be Paid For Share With Par Value of 1 TL - Net (%)
ARCLK, TRAARCLK91H5	Payment In Advance	0,7399424	73,99424	15	0,6289510	62,8951

Dividend Dates

Payment	Proposed Ex-Dividend Date	Final Ex-Dividend Date	Payment Date	Record Date
Payment In Advance	01.04.2020		03.04.2020	02.04.2020

(1) The date that the dividend will be paid and the share will start trading without dividend right (proposed).

(2) The date that the dividend will be paid and the share will start trading without dividend right (finalized).

(3) Date of entry to the accounts of the shareholders whose shares are traded on the stock exchange.

(4) Date of determination of the right holders of the type of shares traded on the stock exchange.

Amount and Rate of Cash Dividend Stock Dividend Payment

Share Group Info	Amount of Stock Dividend (TL)	Rate of Stock Dividend (%)
ARCLK, TRAARCLK91H5	0	0

Additional Explanations

Our Company Board of Directors made the following decision on the February 20, 2020.

The financial statements for the accounting period 01.01.2019 and 31.12.2019, which was prepared by our Company and in compliance with the Turkish Financial Reporting Standards (TFRS) and audited by PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş. , were reviewed and accepted to be submitted to the General Assembly.

As a result of the examination of the financial statements of Arçelik A.Ş. held in accordance with the provisions of the Tax Procedure Law;

According to TFRS, net profit of the Company is TRY 924.833.309,85, and accordance with Tax Procedure law, current year profit is TRY 457.588.624,50.

a) The 5 % portion of legal reserves which has to be allocated according to Turkish Commercial Code article 519, will not be allocated for 2019 since legal reserves amount as of 31.12.2019 according to Tax Procedure Law reached 20% of the capital.

In accordance with TFRS, distributable profit is TRY 932.186.870,22 which is the sum of net profit of TRY 924.833.309,85 plus donations of TRY 7.353.560,37.

Net profit of TRY 457.588.624,50 is distributable profit according to financial statement prepared according to Tax Procedure Law

b) In accordance with Capital Market Legislation and the profit distribution clause of the Company's Articles of Association and the Profit Distribution Policy approved by shareholders in the General Assembly dated 27.03.2014; considering market expectations, our Company's long- term strategies, investments and financing policies, profitability and cash status dividend amount is decided as below

TRY 466.093.435,11 first dividend payable to shareholders

TRY 33.906.564,89 second dividend payable to shareholders

c) Total amount of TRY 500.000.000,00 which is the sum of the first and second dividend, will be paid in cash to the shareholders;

d) If the above profit distribution proposal is accepted by the General Assembly, based on our registrations prepared according to Tax Procedure Law, the total dividend of TRY 500.000.000,00 to be paid to the shareholders, TRY 419.061.150,48 from the current year other earnings and TRY 80.938.849,52 from extraordinary reserves. Besides, the amount of the secondary general legal reserve of 46.621.358,98 to be paid from TRY 38.527.474,02 of current year other earnings and TRY 8.093.884,96 of the extraordinary reserves.

e) To our shareholders which are full taxpayer institutions or limited taxpayer institutions obtaining dividend through a workplace or permanent representatives in Turkey; dividend to be paid at the rate of 73.99424 % and TRY 0.7399424 gross= net cash for shares at the nominal value of TRY 1.00 ; and gross cash dividend of TRY 0.7399424 at the rate of 73.99424 % and net cash dividend of TRY 0.628951 at the rate of 62.8951 % for shares with a nominal value of TRY 1.00 to be paid to our other shareholders,

f) Determining dividend payment date as April 1st,.2020;

It has been decided to submit our shareholders for the approval at the Ordinary General Meeting of our company that will be held on 25.03.2020.

Supplementary Documents

Appendix: 1	Kar Dağıtım Tablosu .pdf

DIVIDEND DISTRIBUTION TABLE

ARÇELİK A.Ş. 01.01.2019/31.12.2019 Period Dividend Payment Table (TL)

1.Paid-In / Issued Capital	675.728.205
2. Total Legal Reserves (According to Legal Records)	409.116.604,81

*	Based on CMB Regulations	Based on Legal Records
3. Current Period Profit	1.085.987.970,16	457.588.624,5
4. Taxes Payable (-)	161.154.660,31	0
5. Net Current Period Profit	924.833.309,85	457.588.624,5
6. Losses in Previous Years (-)	0	0
7. Primary Legal Reserve (-)	0	0
8. Net Distributable Current Period Profit	924.833.309,85	457.588.624,5
Dividend Advance Distributed (-)	0	0
Dividend Advance Less Net Distributable Current Period Profit	924.833.309,85	0
9. Donations Made During The Year ( + )	7.353.560,37	0
10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated	932.186.870,22	0
11. First Dividend to Shareholders	466.093.435,11	0
* Stock	466.093.435,11	0
* Cash	0	0
12. Dividend Distributed to Owners of Privileged Shares	0	0
13. Other Dividend Distributed	0	0
* To the Employees	0	0
* To the Members of the Board of Directors	0	0
* To Non-Shareholders	0	0
14. Dividend to Owners of Redeemed Shares	0	0
15. Second Dividend to Shareholders	33.906.564,89	0
16. Secondary Legal Reserves	46.621.358,98	0
17. Statutory Reserves	0	0
18. Special Reserves	0	0
19. Extraordinary Reserves	378.211.950,88	0
20. Other Distributable Resources	0	80.938.849,52

Dividend Payment Rates Table

Share Group	CASH DIVIDEND AMOUNT (TL) - NET	STOCK DIVIDEND AMOUNT (TL)	TOTAL DIVIDEND AMOUNT (TL) / NET DISTRIBUTABLE CURRENT PERIOD PROFIT (%)	DIVIDEND TO BE PAID FOR SHARE WITH PAR VALUE OF 1 TL - NET (TL)	DIVIDEND TO BE PAID FOR SHARE WITH PAR VALUE OF 1 TL - NET (%)
- - -	470.652.848,36	0	50,89	0,628951	62,8951
TOTAL	470.652.848,36	0	50,89	0,628951	62,8951

Dividend Rate Table Explanations

(*) There is no privileged share group in the profit.

(**) The dividend shall be distributed from TRY 419,061,150.48 current year earnings and TRY 80,938,849.52 extraordinary reserves. The withholding tax shall be charged to such non-exempted portion of individual taxpayers. For the purpose of calculating the total net dividend to be distributed, a calculation free of withholding tax shall be done for such portion that corresponds to the share of corporate shareholders which are known to be exempt from the withholding tax while the calculation for the entire unknown portion is based on the assumption that withholding tax shall be charged.

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.