ARÇELİK A.Ş. — Governance Information 2021

Feb 4, 2021

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ARÇELİK A.Ş. AMENDMENT TO ARTICLES OF ASSOCIATION

CURRENT TEXT

NEW TEXT

Article 6 - CAPITALThe Company has adopted authorized capital system in accordancewith the provisions of Law nr. 6362 and transited to authorized capitalsystem with 28.10.1982 dated and 61 numbered permit of CapitalMarkets Board.Upper limit of Company’s authorized capital is TL 1,500,000,000.00(One billion and five hundred million Turkish Liras), divided into150,000,000,000.00 (One hundred and fifty billion) registered shares,each with a nominal value of 1 (One) Kurus.The permit provided by the CMB for the upper limit of authorizedcapital is valid for the years between 2017-2021 (5 years). At the endof 2021, even if upper limit of authorized capital are not attained, inorder to enable board of directors to take capital increase decision after2021, it is mandatory to obtain authority from general assembly for anew period not exceeding 5 years by obtaining the permit of CapitalMarkets Board for previously permitted upper limit or a new upperlimit. In case abovementioned authorization shall not be obtained, theCompany cannot make a capital increase by a decision of the board ofdirectors.The issued capital of Company is TL 675,728,205.00 (Six hundredseventy five million and seven hundred twenty eight thousand and twohundred and five Turkish Liras) and mentioned issued capital is fullypaid as free of collusion.

Article 6 - CAPITALThe Company has adopted authorized capital system in accordancewith the provisions of Law nr. 6362 and transited to authorized capitalsystem with 28.10.1982 dated and 61 numbered permit of CapitalMarkets Board.Upper limit of Company’s authorized capital is TL 1,500,000,000.00(One billion and five hundred million Turkish Liras), divided into150,000,000,000.00 (One hundred and fifty billion) registered shares,each with a nominal value of 1 (One) Kurus.The permit provided by the CMB for the upper limit of authorizedcapital is valid for the years between2021-2025(5 years). At the endof2025, even if upper limit of authorized capital are not attained, inorder to enable board of directors to take capital increase decision after2025, it is mandatory to obtain authority from general assembly for anew period not exceeding 5 years by obtaining the permit of CapitalMarkets Board for previously permitted upper limit or a new upperlimit. In case abovementioned authorization shall not be obtained, theCompany cannot make a capital increase by a decision of the board ofdirectors.The issued capital of Company is TL 675,728,205.00 (Six hundredseventy five million and seven hundred twenty eight thousand and twohundred and five Turkish Liras) and mentioned issued capital is fullypaid as free of collusion.

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ARÇELİK A.Ş. AMENDMENT TO ARTICLES OF ASSOCIATION

Corporate stocks are tracked based on records within the frameworkof dematerialization principles.If necessary, Company’s capital may be increased or decreased withinthe framework of the provisions of Turkish Commercial Code andCapital Markets Board.The Board of Directors is authorized to increase the issued capital byissuing new shares up to upper limit of authorized capital whendeemed as necessary in accordance with the provisions of CapitalMarkets Law and to take decisions on limiting the rights of shareholdersfor acquiring new shares and on issuing shares at a premium or underits nominal value. Authority of limiting the new share acquirement shallnot be used in a way that causes disparity among shareholders.

Corporate stocks are tracked based on records within the frameworkof dematerialization principles.If necessary, Company’s capital may be increased or decreased withinthe framework of the provisions of Turkish Commercial Code andCapital Markets Board.The Board of Directors is authorized to increase the issued capital byissuing new shares up to upper limit of authorized capital whendeemed as necessary in accordance with the provisions of CapitalMarkets Law and to take decisions on limiting the rights of shareholdersfor acquiring new shares and on issuing shares at a premium or underits nominal value. Authority of limiting the new share acquirement shallnot be used in a way that causes disparity among shareholders.

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