PEGASUS HAVA TAŞIMACILIĞI A.Ş.

Capital/Financing Update • Sep 11, 2024

Summary Info	Completion of the Issuance and Sale of Debt Securities for Sale Outside of Türkiye (144A)
Update Notification Flag	No
Correction Notification Flag	No
Postponed Notification Flag	No
Subject of Notification	Completion of the Sale

Board Decision Date	11.09.2024

Related Issue Limit Info

Currency Unit	USD
Limit	750.000.000
Issue Limit Security Type	Debt Securities
Sale Type	Oversea
Domestic / Oversea	Oversea
Capital Market Board Approval Date	01.08.2024

Capital Market Instrument To Be Issued Info

Type	Bond
Maturity Date	11.09.2031
Maturity (Day)	2.556
Sale Type	Oversea
The country where the issue takes place	İrlanda
Central Securities Depository	Euroclear & Clearstream
Ending Date of Sale	11.09.2024
Nominal Value of Capital Market Instrument Sold	46.534.000
Maturity Starting Date	11.09.2024
Issue Exchange Rate	33,9398
Interest Rate Type	Fixed Rate
Traded in the Stock Exchange	Yes
Payment Type	Foreign Exchange Payment
ISIN Code	US705567AB14
Coupon Number	14
Currency Unit	USD
Coupon Payment Frequency	Once Every Six Months

Redemption Plan of Capital Market Instrument Sold

Coupon Number	Payment Date	Was The Payment Made?
1	11.03.2025
2	11.09.2025
3	11.03.2026
4	11.09.2026
5	11.03.2027
6	10.09.2027
7	10.03.2028
8	11.09.2028
9	09.03.2029
10	11.09.2029
11	11.03.2030
12	11.09.2030
13	11.03.2031
14	11.09.2031
Principal/Maturity Date Payment Amount	11.09.2031

Rating

Does the issuer have a rating note?	Yes

Issuer Rating Note

Rating Company	Rating Note	Rating Date	Is it Investment Grade?
S&P Global Ratings Europe Limited & Fitch Ratings Limited	B+ & BB-	21.05.2024	No

Does the capital market instrument have a rating note?	Yes

Capital Market Instrument Rating Note

Rating Company	Rating Note	Rating Date	Is it Investment Grade?
S&P Global Ratings Europe Limited & Fitch Ratings Limited	B+ & BB-	11.09.2024	No

Additional Explanations

The issuance and sale of notes with a total nominal value of USD 500,000,000 and a maturity of 7 years, issued for sale to qualified investors outside of Türkiye within the format of "Rule 144A" and/or "Regulation S", have been completed on 11 September 2024. The notes will be admitted to trade on the Irish Stock Exchange (Euronext Dublin). The part of the notes sold to non-US resident institutional investors (Reg S) is recorded under the International Securities Identification Number (ISIN) XS2897383043, whereas the remaining part of the notes sold to US-resident institutional investors (144A) is recorded under the International Securities Identification Number (ISIN) US705567AB14. This Material Disclosure Announcement is prepared in Turkish and in English. In case of any discrepancy between the two versions, Turkish disclosure will prevail.