TÜRKİYE VAKIFLAR BANKASI T.A.O.

Capital/Financing Update • Oct 4, 2022

Summary Info	Board Decision Regarding the Issuance of Subordinated Notes Domestically
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No

Authorized Member Decision Date	22.09.2022
Issue Limit	3.000.000.000
Currency Unit	TRY
Issue Limit Security Type	Subordinated Debt Securities
Sale Type	Private Placement-Sale To Qualified Investor
Domestic / Oversea	Domestic
Capital Market Board Application Date	03.10.2022

Additional Explanations

Reference: VakıfBank Public Disclosure Dated September 23, 2022 With the Bank's Board of Directors' decision, to issue TL borrowing instruments up to TL 3 billion domestically, that meet the criteria for the inclusion in subordinated notes (Tier 2) in accordance with the relevant legislation, in batches, with various terms, yields and amounts; and the Head Office were authorized for the determination of all conditions and execution of operations with related institutions regarding the debt issuance which will be available for qualified investors who is domiciled in domestic only. In this context, the applications to the CMB and Borsa Istanbul have been completed. According to CMB legislation, in case of a contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.