AYGAZ A.Ş.

Capital/Financing Update • Jan 22, 2018

Summary Info	Bond Issuance
Update Notification Flag	No
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
Sale Type	Sale To Qualified Investor
Title Of Intermediary Brokerage House	YAPI KREDİ YATIRIM MENKUL DEĞERLER A.Ş.
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
2	25.01.2019	24.01.2019	25.01.2019
3	26.07.2019	25.07.2019	26.07.2019
4	24.01.2020	23.01.2020	24.01.2020
Principal/Maturity Date Payment Amount

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 43/1440 and dated 27.11.2017; 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 24.01.2018 and bonds are expected to be issued on 26.01.2018. 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.