ARÇELİK A.Ş. — Governance Information 2021

Mar 23, 2021

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ARÇELİK A.Ş. AMENDMENT TO ARTICLES OF ASSOCIATION

CURRENT TEXT	NEW TEXT
Article 6 - CAPITAL	Article 6 - CAPITAL
The Company has adopted authorized capital system in accordance	The Company has adopted authorized capital system in accordance
with the provisions of Law nr. 6362 and transited to authorized capital	with the provisions of Law nr. 6362 and transited to authorized capital
system with 28.10.1982 dated and 61 numbered permit of Capital	system with 28.10.1982 dated and 61 numbered permit of Capital
Markets Board.	Markets Board.
Upper limit of Company’s authorized capital is TL 1,500,000,000.00	Upper limit of Company’s authorized capital is TL 1,500,000,000.00
(One billion and five hundred million Turkish Liras), divided into	(One billion and five hundred million Turkish Liras), divided into
150,000,000,000.00 (One hundred and fifty billion) registered shares,	150,000,000,000.00 (One hundred and fifty billion) registered shares,
each with a nominal value of 1 (One) Kurus.	each with a nominal value of 1 (One) Kurus.
The permit provided by the CMB for the upper limit of authorized	The permit provided by the CMB for the upper limit of authorized
capital is valid for the years between 2017-2021 (5 years). At the end	capital is valid for the years between2021-2025(5 years). At the end
of 2021, even if upper limit of authorized capital are not attained, in	of2025, even if upper limit of authorized capital are not attained, in
order to enable board of directors to take capital increase decision after	order to enable board of directors to take capital increase decision after
2021, it is mandatory to obtain authority from general assembly for a	2025, it is mandatory to obtain authority from general assembly for a
new period not exceeding 5 years by obtaining the permit of Capital	new period not exceeding 5 years by obtaining the permit of Capital
Markets Board for previously permitted upper limit or a new upper	Markets Board for previously permitted upper limit or a new upper
limit. In case abovementioned authorization shall not be obtained, the	limit. In case abovementioned authorization shall not be obtained, the
Company cannot make a capital increase by a decision of the board of	Company cannot make a capital increase by a decision of the board of
directors.	directors.
The issued capital of Company is TL 675,728,205.00 (Six hundred	The issued capital of Company is TL 675,728,205.00 (Six hundred
seventy five million and seven hundred twenty eight thousand and two	seventy five million and seven hundred twenty eight thousand and two
hundred and five Turkish Liras) and mentioned issued capital is fully	hundred and five Turkish Liras) and mentioned issued capital is fully
paid as free of collusion.	paid 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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