AYDEM YENİLENEBİLİR ENERJİ A.Ş.

Capital/Financing Update • Jul 19, 2021

Summary Info	Developments on the Issuance of Debt Securities for Sale Outside of Turkey
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No

Authorized Member Decision Date	09.06.2021
Issue Limit	1.000.000.000
Currency Unit	USD
Issue Limit Security Type	Debt Securities
Sale Type	Oversea
Domestic / Oversea	Oversea
Capital Market Board Application Date	16.06.2021
Capital Market Board Application Result	APPROVAL
Capital Market Board Approval Date	14.07.2021
Expiry Date of Issue Limit	14.07.2022

Additional Explanations

In connection with the issuance of bonds outside of Turkey as disclosed in our disclosure dated 10.06.2021, our Company and the bonds that are planned to be issued were rated by international rating agencies S&P Global Ratings Europe Limited ("S&P") and Fitch Ratings Limited ("Fitch"). The notes are expected to be rated B by S&P and B+ by Fitch and confirmed ratings will be separately disclosed. Furthermore, starting from 19.07.2021, the members of our senior management will attend a series of virtual investor meetings to be arranged with potential investors residing abroad. Final decision on the issuance will be determined based on market conditions at the time of issuance and the issuance will be completed following the receipt of the tranche issuance document from the Capital Markets Board.