TÜRKİYE VAKIFLAR BANKASI T.A.O.

Capital/Financing Update • Jan 3, 2022

Summary Info	CMB Approval of the International Debt Instrument Issuance Ceiling
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No

Authorized Member Decision Date	02.12.2021
Issue Limit	5.000.000.000
Currency Unit	USD
Issue Limit Security Type	Debt Securities
Sale Type	Oversea
Domestic / Oversea	Oversea
Capital Market Board Application Date	15.12.2021
Capital Market Board Application Result	APPROVAL
Capital Market Board Approval Date	30.12.2021
Expiry Date of Issue Limit	30.12.2022

Additional Explanations

Ref: VakıfBank Public Disclosure dated December 16th, 2021 It was announced with the referred disclosure that the Head Office is authorized by the Board of Directors on the meeting that was held on 2.12.2021 to apply to Banking Regulation and Supervision Agency and the Capital Markets Board and obtain approvals in order to issue private placements, eurobonds and capital debt instruments (sub-debts) to be included in the equity calculation in all currencies up to US$ 5 billion and accordingly, the applications were made to the CMB and the BRSA for the renewal of the issuance certificate which allows the international issuances of private placements, eurobonds and subordinated bonds, equivalent to USD 5 billion and valid for one year. The Bank's application was approved in Capital Markets Board meeting, dated December 30th, 2021 and the Bank is authorized to issue eurobond and similar debt instruments in abroad up to USD 5 billion equivalent in TL or foreign currencies. Capital Market Board's approval is enclosed herewith. Please be informed that the enclosed document is in Turkish only. According to CMB legislation, in case of a contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.

Supplementary Documents

Appendix: 1	Onaylı İhraç Belgesi.pdf