KARSAN OTOMOTİV SANAYİİ VE TİCARET A.Ş.

Capital/Financing Update • Apr 13, 2023

Summary Info	Board of Directors Resolution regarding the Debt Security Issuance
Update Notification Flag	No
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

Additional Explanations

It has been decided that, With the authorization given to the Board of Directors within the framework of Article 7 of our Company's Articles of Association, the debt security shall be issued domestically and one or more times to be sold to the allocated and/or qualified investors without public offering up to a nominal value of TRY 600.000.000 (six hundred million Turkish Liras); the debt securities planned to be issued shall have different maturities when necessary, shall be on discount base, with variable and/or fixed coupon payments, with fixed or variable interest and/or with principal payment at the maturity. The terms and conditions related to the issues regarding the issuance mentioned above shall be determined; all necessary applications including those at the relevant official institutions shall be made; our Company shall be represented and bound with the joint signatures of our Company's Executive Member - CEO and one of our Company's Deputy General Manager of Financial Affairs and Finance or our Company's Deputy General Manager of Exports or our Company's Deputy General Manager of Domestic Market Sales and Foreign Relations in all other matters including determining the authorized institution, if deemed necessary. Respectfully announced to the public. 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.