TÜRKİYE VAKIFLAR BANKASI T.A.O.

Capital/Financing Update • Jun 24, 2022

Summary Info	The Determination of the Twelfth Coupon Rate of the Subordinated Notes issuance to sell qualified investors who is domiciled in domestic only.
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No
Subject of Notification	Coupon Rate Determination

Board Decision Date	02.09.2019

Related Issue Limit Info

Currency Unit	TRY
Limit	5.000.000.000
Issue Limit Security Type	Subordinated Debt Securities
Sale Type	Sale To Qualified Investor
Domestic / Oversea	Domestic

Capital Market Instrument To Be Issued Info

Type	Subordinated Debt Securities
Maturity Date	14.09.2029
Maturity (Day)	3.640
Interest Rate Type	Floating Rate
Sale Type	Sale To Qualified Investor
ISIN Code	TRSVKFB92925
Maturity Starting Date	27.09.2019
Nominal Value of Capital Market Instrument Sold	725.000.000
Issue Price	1
Coupon Number	40
Currency Unit	TRY

Redemption Plan of Capital Market Instrument Sold

Coupon Number	Payment Date	Record Date	Payment Date	Interest Rate (%)	Interest Rate - Yearly Simple (%)	Interest Rate - Yearly Compound (%)	Payment Amount	Exchange Rate	Was The Payment Made?
1	27.12.2019	26.12.2019	27.12.2019	4,4526			32.281.350		Yes
2	27.03.2020	26.03.2020	27.03.2020	3,9133			28.371.425		Yes
3	26.06.2020	25.06.2020	26.06.2020	3,1073			22.527.925		Yes
4	25.09.2020	24.09.2020	25.09.2020	2,5276			18.325.100		Yes
5	25.12.2020	24.12.2020	25.12.2020	2,6793			19.424.925		Yes
6	26.03.2021	25.03.2021	26.03.2021	3,8954			28.241.650		Yes
7	25.06.2021	24.06.2021	25.06.2021	4,6887			33.993.075		Yes
8	24.09.2021	23.09.2021	24.09.2021	5,1181			37.106.225		Yes
9	24.12.2021	23.12.2021	24.12.2021	5,1057			37.016.325		Yes
10	25.03.2022	24.03.2022	25.03.2022	4,4749			32.443.025		Yes
11	24.06.2022	23.06.2022	24.06.2022	3,936			28.536.000		Yes
12	23.09.2022	22.09.2022	23.09.2022	3,8904
13	23.12.2022	22.12.2022	23.12.2022
14	24.03.2023	23.03.2023	24.03.2023
15	23.06.2023	22.06.2023	23.06.2023
16	22.09.2023	21.09.2023	22.09.2023
17	22.12.2023	21.12.2023	22.12.2023
18	22.03.2024	21.03.2024	22.03.2024
19	21.06.2024	20.06.2024	21.06.2024
20	20.09.2024	19.09.2024	20.09.2024
21	20.12.2024	19.12.2024	20.12.2024
22	21.03.2025	20.03.2025	21.03.2025
23	20.06.2025	19.06.2025	20.06.2025
24	19.09.2025	18.09.2025	19.09.2025
25	19.12.2025	18.12.2025	19.12.2025
26	20.03.2026	19.03.2026	20.03.2026
27	19.06.2026	18.06.2026	19.06.2026
28	18.09.2026	17.09.2026	18.09.2026
29	18.12.2026	17.12.2026	18.12.2026
30	19.03.2027	18.03.2027	19.03.2027
31	18.06.2027	17.06.2027	18.06.2027
32	17.09.2027	16.09.2027	17.09.2027
33	17.12.2027	16.12.2027	17.12.2027
34	17.03.2028	16.03.2028	17.03.2028
35	16.06.2028	15.06.2028	16.06.2028
36	15.09.2028	14.09.2028	15.09.2028
37	15.12.2028	14.12.2028	15.12.2028
38	16.03.2029	15.03.2029	16.03.2029
39	15.06.2029	14.06.2029	15.06.2029
40	14.09.2029	13.09.2029	14.09.2029
Principal/Maturity Date Payment Amount	14.09.2029	13.09.2029	14.09.2029

Rating

Does the issuer have a rating note?	Yes

Issuer Rating Note

Rating Company	Rating Note	Rating Date	Is it Investment Grade?
Fitch Ratings	AA(tur) (Negatif İzleme) / Ulusal Uzun Vadeli Not	01.04.2022	Yes

Does the capital market instrument have a rating note?	No

Does the originator have a rating note?	No

Additional Explanations

Reference: VakıfBank Public Disclosures Dated September 04, 2019, September 06, 2019, September 13, 2019, September 25, 2019. The twelfth coupon rate of above mentioned Turkish Lira Benchmark Interest Rate Indexed (TLREF) Tier II notes amounting TL 725,000,000 with 10 years maturity (3,640 days), having a 10NC5 structure and floating rate has been set at 3.8904 %. According to CMB legislation, in case of a contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.