AYGAZ A.Ş.

Capital/Financing Update • Oct 3, 2022

Summary Info	Completion of Debt Instrument Issuance
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No
Subject of Notification	Completion of the Sale

Board Decision Date	14.06.2022

Related Issue Limit Info

Currency Unit	TRY
Limit	1.000.000.000
Issue Limit Security Type	Debt Securities
Sale Type	Private Placement-Sale To Qualified Investor
Domestic / Oversea	Domestic
Capital Market Board Approval Date	06.07.2022

Capital Market Instrument To Be Issued Info

Central Securities Depository	Merkezi Kayıt Kuruluşu A.Ş.
The country where the issue takes place	Türkiye
Type	Bill
Maturity Date	31.03.2023
Maturity (Day)	179
Interest Rate Type	Fixed Rate
Interest Rate - Equivalent to Maturity (%)	12,26
Interest Rate - Yearly Simple (%)	25,00
Interest Rate - Yearly Compound (%)	26,59
Sale Type	Sale To Qualified Investor
ISIN Code	TRFAYGZ32318
Title Of Intermediary Brokerage House	YAPI KREDİ YATIRIM MENKUL DEĞERLER A.Ş.
Payment Type	TL Payment
Starting Date of Sale	30.09.2022
Ending Date of Sale	30.09.2022
Traded in the Stock Exchange	Yes
Maturity Starting Date	03.10.2022
Nominal Value of Capital Market Instrument Sold	200.000.000
Issue Price	1
Coupon Number	1
Currency Unit	TRY
Coupon Payment Frequency	Single Coupon

Redemption Plan of Capital Market Instrument Sold

Coupon Number	Payment Date	Record Date	Payment Date	Interest Rate - Periodic (%)	Payment Amount	Exchange Rate	Was The Payment Made?
1	31.03.2023	30.03.2023	31.03.2023
Principal/Maturity Date Payment Amount	31.03.2023	30.03.2023	31.03.2023

Rating

Does the issuer have a rating note?	Yes

Issuer Rating Note

Rating Company	Rating Note	Rating Date	Is it Investment Grade?
JCR Avrasya Derecelendirme A.Ş.	Uzun Vadeli Ulusal Notu "AA+(Tr) / (Stabil Görünüm)", Kısa Vadeli Ulusal Notu "J1+(Tr) / (Stabil Görünüm)"	14.06.2022	Yes

Does the capital market instrument have a rating note?	No

Additional Explanations

The sale transaction of bonds with ISIN code TRFAYGZ32318, 179-day term and 12.26% yearly fixed rate coupon and principal payment at maturity date of 31.03.2023, was completed on 30.09.2022. The final issuance amount is realized as TRL 200.000.000, within the ceiling which was approved by the Capital Markets Board's decision numbered 37/1053 on 06.07.2022. Value date of the issuance is 03.10.2022. 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.