TÜRKİYE VAKIFLAR BANKASI T.A.O.

Capital/Financing Update • Dec 7, 2023

Summary Info	About CMB Application Regarding the Issuance of Subordinated Notes Domestically
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No

Authorized Member Decision Date	30.11.2023
Issue Limit	15.000.000.000
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	07.12.2023

Additional Explanations

Reference: VakıfBank Public Disclosure Dated November 30, 2023 It was announced with the referred disclosure that with the Bank's Board of Directors' decision dated November 30th, 2023, to issue TL borrowing instruments up to TL 15 billion domestically, that meet the criteria for the inclusion in subordinated notes 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. Within the context of the resolution mentioned above, the necessary application has been made to the Capital Markets Board. According to CMB legislation, in case of a contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.