AYGAZ A.Ş.

Capital/Financing Update • Apr 5, 2017

Summary Info	Bond Issuance
Update Notification Flag	No
Correction Notification Flag	No
Postponed Notification Flag	No

Board Decision Date	14.02.2017

Related Issue Limit Info

Currency Unit	TRY
Limit	200.000.000
Issue Limit Security Type	Dept Securities
Sale Type	Sale To Qualified Investor
Domestic / Oversea	Domestic

Capital Market Instrument To Be Issued Info

Type	Bond
Maturity Date	09.04.2019
Maturity (Day)	728
Interest Rate Type	Fixed Rate
Sale Type	Sale To Qualified Investor
Title Of Intermediary Brokerage House	YAPI KREDİ YATIRIM MENKUL DEĞERLER A.Ş.
Coupon Number	4
Currency Unit	TRY
Guaranty And Warrant Regarding Issue (If Available)

Redemption Plan of Capital Market Instrument Sold

Coupon Number	Payment Date	Record Date	Payment Date	Interest Rate (%)	Payment Amount	Exchange Rate	Was The Payment Made?
1	10.10.2017	09.10.2017	10.10.2017
2	10.04.2018	09.04.2018	10.04.2018
3	09.10.2018	08.10.2018	09.10.2018
4	09.04.2019	08.04.2019	09.04.2019
Principal/Maturity Date Payment Amount	09.04.2019	08.04.2019	09.04.2019

Other Developments Regarding Issue

Additional Explanations

With reference to our application concerning the domestic sale of bonds, to qualified investors only, that was approved, by the Capital Markets Board, with decision numbered 13/396 and dated 23.03.2017; order book-building process of the bonds with nominal value of 75 million TL (the amount may be increased up to 100 million TL at the request of the investors), 728-day maturity and fixed 182-days coupon is planned to be held on 07.04.2017 and bonds are expected to be issued on 11.04.2017. The issuance will be managed by Yapı Kredi Yatırım Menkul Değerler A.Ş.

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.