KARSAN OTOMOTİV SANAYİİ VE TİCARET A.Ş.

Capital/Financing Update • Jun 4, 2025

Summary Info	Board of Directors Decision on Sukuk Issuance Correction
Update Notification Flag	No
Correction Notification Flag	Yes
Postponed Notification Flag	No
Reason of Correction	It was mistakenly stated as CMB Application Result Approved.

Authorized Member Decision Date	29.05.2025
Issue Limit	1.000.000.000
Currency Unit	TRY
Issue Limit Security Type	Lease Certificates
Sale Type	Private Placement-Sale To Qualified Investor
Domestic / Oversea	Domestic
Capital Market Board Application Date	24.03.2025
Fund User	Karsan Otomotiv Sanayii ve Ticaret A.Ş.

Additional Explanations

The decision of the Board of Directors of Karsan Otomotiv Sanayii ve Ticaret A.Ş. dated 17.03.2025 and numbered 2025/6 was revised with the decision of the Board of Directors of Karsan Otomotiv Sanayii ve Ticaret A.Ş. dated 29.05.2025 and numbered 2025/8. At the Board of Directors Meeting of Katılım Varlık Kiralama A.Ş., where Karsan Otomotiv Sanayii ve Ticaret A.Ş. will be the fund user, within the framework of Article 10, paragraph 3 of the Communiqué on Lease Certificates (III-61.1) ("Communiqué") published by the Capital Markets Board ("CMB") in the Official Gazette dated 07.06.2013 and numbered 28670. fıkrası çerçevesinde, ihraç belgesinin onaylanmasının kararlaştırıldığı Sermaye Piyasası Kurulu karar tarihinden itibaren bir yıl içinde, çeşitli vadelerde ve Tebliğ'de öngörülen yönetim sözleşmesine dayalı kira sertifikası tür ve sözleşmelerine dayalı olarak; halka arz edilmeksizin tahsisli olarak ve/veya nitelikli yatırımcılara satılmak veya satış şekillerinin birlikte kullanılması yöntemiyle, 1. 000.000.000.-TL (One Billion Turkish Liras) issuance ceiling, and to obtain the necessary permissions by applying to the CMB and other relevant authorities. 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.