AYGAZ A.Ş.

Capital/Financing Update • Jul 4, 2023

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

Type	Bill
Maturity Date	05.01.2024
Maturity (Day)	184
Sale Type	Sale To Qualified Investor
The country where the issue takes place	Türkiye
Title Of Intermediary Brokerage House	YAPI KREDİ YATIRIM MENKUL DEĞERLER A.Ş.
Central Securities Depository	Merkezi Kayıt Kuruluşu A.Ş.
Starting Date of Sale	04.07.2023
Ending Date of Sale	04.07.2023
Nominal Value of Capital Market Instrument Sold	150.000.000
Maturity Starting Date	05.07.2023
Issue Price	1
Interest Rate Type	Fixed Rate
Interest Rate - Yearly Simple (%)	38,50
Interest Rate - Yearly Compound (%)	42,18
Traded in the Stock Exchange	Yes
Payment Type	TL Payment
ISIN Code	TRFAYGZ12419
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	05.01.2024	04.01.2024	05.01.2024	19,41
Principal/Maturity Date Payment Amount	05.01.2024	04.01.2024	05.01.2024

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 Kurum Kredi Rating Notu : AA (tr) / (Stabil Görünüm) , Kısa Vadeli Ulusal Kurum Kredi Rating Notu : J1+ (tr) / (Stabil Görünüm)	14.06.2023	Yes

Does the capital market instrument have a rating note?	No

Additional Explanations

The sale transaction of bonds with ISIN code TRFAYGZ12419, 184-day term and 38,50% yearly fixed rate coupon and principal payment at maturity date of 05.01.2024, was completed on 04.07.2023. The final issuance amount is realized as TRL 150.000.000, 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 05.07.2023. 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.