TÜRKİYE VAKIFLAR BANKASI T.A.O.

Capital/Financing Update • Mar 4, 2025

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

Authorized Member Decision Date	26.12.2024
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	31.12.2024
Capital Market Board Application Result	APPROVAL
Capital Market Board Approval Date	27.02.2025
Expiry Date of Issue Limit	27.02.2026
Issue Date Of Prospectus	27.02.2025

Additional Explanations

Ref: VakıfBank Public Disclosure dated December 31st, 2024. 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 26.12.2024 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. In this context the application has been approved with the CMB's bulletin dated February 27, 2025 and numbered 2025/11. Approved prospectus 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	İhraç Belgesi-Konvansiyonel.pdf