TÜRKİYE VAKIFLAR BANKASI T.A.O.

Capital/Financing Update • Jan 6, 2023

Summary Info	CMB approval of Debt Instrument Issuance
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No

Authorized Member Decision Date	01.12.2022
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	05.12.2022
Capital Market Board Application Result	APPROVAL
Capital Market Board Approval Date	05.01.2023
Expiry Date of Issue Limit	05.01.2024

Additional Explanations

Ref: VakıfBank Public Disclosure dated December 6th, 2022 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 01.12.2022 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 January 5th, 2023 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