TÜRKİYE VAKIFLAR BANKASI T.A.O.

Capital/Financing Update • Oct 8, 2025

Summary Info	Regarding AT-1 issuance completion
Update Notification Flag	No
Correction Notification Flag	Yes
Postponed Notification Flag	No
Subject of Notification	Completion of the Sale
Reason of Correction	The registration status in Central Securities Depository and Trade Repository of Türkiye has been changed.

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
The country where the issue takes place	İrlanda
Central Securities Depository	Euroclear
Ending Date of Sale	06.10.2025
Nominal Value of Capital Market Instrument Sold	500.000.000
Maturity Starting Date	06.10.2025
Issue Exchange Rate	1
Interest Rate Type	Fixed Rate
Traded in the Stock Exchange	Yes
Payment Type	Foreign Exchange Payment
ISIN Code	XS3196022597
Coupon Number	0
Redemption Date	06.01.2036
Record Date	04.01.2036
Payment Date	07.01.2036
Currency Unit	USD

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 disclosures that; the issuance of USD denominated Additional Tier 1 notes that qualified as Tier 1 capital pursuant to Article 7 of the Regulation on Equity of the Banks, evaluated following the relevant investor consersium and the book-building process of the Additional Tier-1 Notes has been completed amounting to USD 500 million. In this context, the issuance amount of debt instrument that can be included Additional Tier 1 Capital amounting to USD 500 million with the ISIN code XS3196022597 have been transferred to VakıfBank's accounts on 06.10.2025. Additional Tier 1 Notes are perpetual. The maturity date has stated 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.