TÜRKİYE VAKIFLAR BANKASI T.A.O.

Share Issue/Capital Change • Mar 28, 2023

Summary Info	Application to the CMB for the approval of the issuance certificate and the final share price
Update Notification Flag	No
Correction Notification Flag	No
Postponed Notification Flag	No

Board Decision Date	21.03.2023
Authorized Capital (TL)	10.000.000.000
Paid-in Capital (TL)	7.111.364.116,754
Target Capital (TL)	9.915.921.522,538

Rights Issue (Allocated)

Share Group Info	Paid-in Capital (TL)	Amount of Private Placement Through Capital Increase By Restraining Preemptive Rights (TL)	Proportion of Private Placement Through Capital Increase By Restraining Preemptive Rights To The Capital (%)	New Shares'' ISIN	Form	Amount of Shares Cancelled (TL)
A Grubu, İşlem Görmüyor, TREVKFB00027	1.075.058.639,562
B Grubu, İşlem Görmüyor, TREVKFB00035	390.264.578,716
C Grubu, İşlem Görmüyor, TREVKFB00043	404.080.059,095
D Grubu, VAKBN, TREVKFB00019	5.241.960.839,381	2.804.557.405,784	53,50206	D Grubu, VAKBN, TREVKFB00019	Registered

	Paid-in Capital (TL)	Amount of Private Placement Through Capital Increase By Restraining Preemptive Rights (TL)	Proportion of Private Placement Through Capital Increase By Restraining Preemptive Rights To The Capital (%)	Amount of Shares Cancelled (TL)
TOTAL	7.111.364.116,754	2.804.557.405,784	39,43768

The Person Increased Capital Devoted	TÜRKİYE VARLIK FONU

Additional Explanations

Reference: VakıfBank Public Disclosure Dated on March 28th, 2023

It was announced with the referred disclosure, an application has been filed with the Borsa Istanbul A.S. on March 28, 2023 through Vakıf Yatırım Menkul Değerler A.S. to calculate the base price and the +/-20% price range to be applied to the base price in accordance with Borsa Istanbul's Wholesale Transactions Procedure for the determination of the final sale price.

Accordingly, the sale price of one share with a nominal value of TL 1 to be issued within the scope of this capital increase has been set as 11.41 and the paid-in capital will increase from TL 7,111,364,116.75 to TL 9,915,921,522.54 following the consummation of the capital increase. In this regard, an application has been submitted to the Capital Markets Board for the approval of the issuance certificate.

According to CMB legislation, in case of a contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.