PEGASUS HAVA TAŞIMACILIĞI A.Ş.

Capital/Financing Update • Apr 29, 2024

Summary Info	Eurobond 6th Coupon Payment
Update Notification Flag	No
Correction Notification Flag	Yes
Postponed Notification Flag	No
Subject of Notification	Coupon Payment
Reason of Correction	Coupon payment date (30/04/2024) was revised as 29/04/2024 in consideration of the effective payment date.

Board Decision Date	17.03.2021

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	01.04.2021

Capital Market Instrument To Be Issued Info

Type	Bond
Maturity Date	30.04.2026
Maturity (Day)	1.826
Sale Type	Oversea
The country where the issue takes place	İrlanda
Central Securities Depository	Euroclear & Clearstream, Lüksemburg; DTC
Ending Date of Sale	30.04.2021
Nominal Value of Capital Market Instrument Sold	375.000.000
Maturity Starting Date	30.04.2021
Issue Exchange Rate	8,2311
Interest Rate Type	Fixed Rate
Traded in the Stock Exchange	Yes
Payment Type	Foreign Exchange Payment
ISIN Code	XS2337336445
Coupon Number	10
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	30.10.2021	Yes
2	29.04.2022	Yes
3	27.10.2022	Yes
4	27.04.2023	Yes
5	26.10.2023	Yes
6	29.04.2024	Yes
7	30.10.2024
8	30.04.2025
9	30.10.2025
10	30.04.2026
Principal/Maturity Date Payment Amount	30.04.2026

Rating

Does the issuer have a rating note?	Yes

Issuer Rating Note

Rating Company	Rating Note	Rating Date	Is it Investment Grade?
Fitch Ratings Limited, S&P Global Ratings Europe Limited	BB- (durağan), B+ (durağan)	06.10.2023	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?
Fitch Ratings Limited, S&P Global Ratings Europe Limited	BB-, B+ (durağan)	06.10.2023	No

Other Developments Regarding Issue

The issuance and sale of debt instruments issued with a nominal value of USD 350,000,000 for sale outside of Turkey is completed as of 30 April 2021. The maturity of the notes is 5 years with an early redemption option at three and four years. The notes are admitted to trade on the Irish Stock Exchange (Euronext Dublin).

Additional Explanations

Sixth coupon payment amount was transferred for payment to the relevant bondholders' accounts as of sixth coupon payment date.