ARÇELİK A.Ş. — Capital/Financing Update 2023

Sep 13, 2023

Summary Info	Developments regarding the issuance of debt instruments for sale to non-residents
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No

Authorized Member Decision Date	01.02.2023
Issue Limit	500.000.000
Currency Unit	USD
Issue Limit Security Type	Debt Securities
Sale Type	Oversea
Domestic / Oversea	Oversea
Capital Market Board Application Date	01.02.2023
Capital Market Board Application Result	APPROVAL
Capital Market Board Approval Date	20.07.2023
Expiry Date of Issue Limit	20.07.2024

Additional Explanations

J.P. Morgan Securities plc, BNP Paribas, Citigroup Global Markets Limited and HSBC Bank plc have been mandated for selling our Company's bonds to qualified investors outside Turkey within the format of Regulation S. In this context, it is planned to arrange a series of investor meetings with the participation of our Company's Senior Executives starting from September 14th 2023. The ultimate decision for the bond issuance and conditions of the bond issue will be determined based on market conditions after the investor meetings. The issuance of Eurobonds, which are expected to be rated at "BB" by S&P Global Ratings and "BB-" by Fitch Ratings, will be completed following the final registration of the regulatory issue certificate from the Capital Markets Board (CMB). 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.