AYGAZ A.Ş.

Capital/Financing Update • Jan 24, 2018

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

Board Decision Date	13.11.2017

Related Issue Limit Info

Currency Unit	TRY
Limit	300.000.000
Issue Limit Security Type	Debt Securities
Sale Type	Private Placement-Sale To Qualified Investor
Domestic / Oversea	Domestic

Capital Market Instrument To Be Issued Info

Type	Bond
Maturity Date	24.01.2020
Maturity (Day)	728
Interest Rate Type	Fixed Rate
Interest Rate - Periodic (%)	7,54
Interest Rate - Yearly Simple (%)	15,12
Interest Rate - Yearly Compound (%)	15,70
Sale Type	Sale To Qualified Investor
ISIN Code	TRSAYGZ12024
Title Of Intermediary Brokerage House	YAPI KREDİ YATIRIM MENKUL DEĞERLER A.Ş.
Starting Date of Sale	24.01.2018
Ending Date of Sale	24.01.2018
Maturity Starting Date	26.01.2018
Nominal Value of Capital Market Instrument Sold	75.000.000
Coupon Number	4
Currency Unit	TRY

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	27.07.2018	26.07.2018	27.07.2018	7,54
2	25.01.2019	24.01.2019	25.01.2019	7,54
3	26.07.2019	25.07.2019	26.07.2019	7,54
4	24.01.2020	23.01.2020	24.01.2020	7,54
Principal/Maturity Date Payment Amount

Additional Explanations

The sale transaction of bonds with ISIN code TRSAYGZ12024, 728 days term, 182 day coupon payments, fixed interest and principal payment at maturity date of 24.01.2020, was completed on 24.01.2018. The final issuance amount is realized as 75 million TL, within the ceiling which was approved by the Capital Markets Board's decision numbered 43/1440 on 27.11.2017. Value date of the issuance will be 26.01.2018.

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.