TÜRKİYE VAKIFLAR BANKASI T.A.O.

Capital/Financing Update • Sep 29, 2025

Summary Info	Regarding AT-1 the issuance
Update Notification Flag	No
Correction Notification Flag	No
Postponed Notification Flag	No
Subject of Notification	Other

Board Decision Date	22.09.2025

Related Issue Limit Info

Currency Unit	USD
Limit	5.000.000.000
Issue Limit Security Type	Debt Securities
Sale Type	Oversea
Domestic / Oversea	Oversea
Capital Market Board Approval Date	27.02.2025

Capital Market Instrument To Be Issued Info

Type	Subordinated Debt Securities
Maturity Date	06.01.2036
Maturity (Day)	3.744
Sale Type	Oversea
Coupon Number	0

Rating

Does the issuer have a rating note?	Yes

Issuer Rating Note

Rating Company	Rating Note	Rating Date	Is it Investment Grade?
Fitch Rating	A+(tur) - Ulusal Uzun Vadeli Notu	26.07.2022	Yes

Does the capital market instrument have a rating note?	Yes

Capital Market Instrument Rating Note

Rating Company	Rating Note	Rating Date	Is it Investment Grade?
Fitch Rating	CCC+ (Yabancı Para İlave Ana Sermayeye Dâhil Edilebilir Borçlanma Aracı (AT1) Kredi Notu)	29.09.2025	Yes

Additional Explanations

Reference: VakıfBank Public Disclosure Dated September 29, 2025 It was announced with the referred disclosure that; consortium consisting of international banks had been mandated to organize conference calls with international fixed income investors for a potential USD benchmark Perpetual Non-Call 5.25-year Fixed Rate Resettable Additional Tier-1 notes that subject to market conditions. The book-building process of the Additional Tier-1 Notes has been completed amounting to USD 500 million. In this regard, the additional Tier 1 notes have the call option subject to approval of the BRSA in all option dates mentioned below. The first call option can be exercised from January 6th, 2031, corresponding to the 5th year of issuance, until April 6th, 2031. In case our Bank does not exercise the call option, there is a call option on every semi-annual coupon payment date thereafter. The yield rate of AT1 notes has been set at 8.20% and issuance of the notes will be completed on 6 October 2025. Additional Tier 1 Notes are perpetual. However, the maturity date is determined as 06.01.2036 in order to register the notes in the Central Securities Depository's (MKK) system. According to the CMB legislation, in case of a contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.