KARSAN OTOMOTİV SANAYİİ VE TİCARET A.Ş.

Capital/Financing Update • Sep 1, 2023

Summary Info	CMB Approval of Domestic Debt Securities Issuance
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No

Authorized Member Decision Date	13.04.2023
Issue Limit	600.000.000
Currency Unit	TRY
Issue Limit Security Type	Debt Securities
Sale Type	Private Placement-Sale To Qualified Investor
Domestic / Oversea	Domestic
Capital Market Board Application Date	11.05.2023
Capital Market Board Application Result	APPROVAL
Capital Market Board Approval Date	31.08.2023
Expiry Date of Issue Limit	31.08.2024

Additional Explanations

Based on our company's disclosure dated May 11, 2023, our application made to the Capital Markets Board (CMB) for the issue certificate pertaining to the issue of debt instruments up to TL 600.000.000,- in a single lot or in multiple lots, for sale domestically to qualified investors and/or as pre-allocated and without public offering in a 1-year time period has been approved by the CMB with the decision numbered 51/1043 and date August 31, 2023. The Application Form, Issue Document and Attachment of the Issue Document are attached. 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.

Supplementary Documents

Appendix: 1	Karsan SPK Onaylı İhraç Belgesi ve Eki.pdf
Appendix: 2	Karsan SPK Başvuru Formu.pdf