TÜRKİYE VAKIFLAR BANKASI T.A.O.

Capital/Financing Update • Apr 24, 2024

Summary Info	Regarding AT-1 issuance completion
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No
Subject of Notification	Completion of the Sale

Board Decision Date	30.11.2023

Related Issue Limit Info

Currency Unit	USD
Limit	5.000.000.000
Issue Limit Security Type	Subordinated Debt Securities
Sale Type	Oversea
Domestic / Oversea	Oversea
Capital Market Board Approval Date	29.02.2024

Capital Market Instrument To Be Issued Info

Type	Subordinated Debt Securities
Maturity Date	24.07.2034
Maturity (Day)	3.743
Sale Type	Oversea
The country where the issue takes place	İrlanda
Central Securities Depository	Euroclear
Ending Date of Sale	24.04.2024
Nominal Value of Capital Market Instrument Sold	550.000.000
Maturity Starting Date	24.04.2024
Issue Exchange Rate	1
Interest Rate Type	Fixed Rate
Traded in the Stock Exchange	Yes
Payment Type	Foreign Exchange Payment
ISIN Code	XS2793703500
Coupon Number	0
Redemption Date	24.07.2034
Record Date	21.07.2034
Payment Date	24.07.2034
Currency Unit	USD

Rating

Does the issuer have a rating note?	Yes

Issuer Rating Note

Rating Company	Rating Note	Rating Date	Is it Investment Grade?
Fitch Rating	A+(tur) - Ulusal Uzun Vadeli Notu	26.07.2022	Yes

Does the capital market instrument have a rating note?	Yes

Capital Market Instrument Rating Note

Rating Company	Rating Note	Rating Date	Is it Investment Grade?
Fitch Rating	CCC (Yabancı Para İlave Ana Sermayeye Dâhil Edilebilir Borçlanma Aracı (AT1) Kredi Notu)	17.04.2024	No

Does the originator have a rating note?	No

Additional Explanations

Reference: VakıfBank Public Disclosure Dated April 15, 2024 and April 17, 2024 It was announced with the referred disclosures that; the issuance of USD denominated Additional Tier 1 notes that qualified as Tier 1 capital pursuant to Article 7 of the Regulation on Equity of the Banks, evaluated following the relevant investor consersium and the book-building process of the Additional Tier-1 Notes has been completed amounting to USD 550 million. In this context, the issuance amount of debt instrument that can be included Additional Tier 1 Capital amounting to USD 550 million with the ISIN code XS2793703500 have been transferred to VakıfBank's accounts on 24.04.2024. Additional Tier 1 Notes are perpetual. The maturity date has stated as 24.07.2034 in order to register the notes in the Central Securities Depository's (MKK) system. According to the CMB legislation, in case of a contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.