VESTEL BEYAZ EŞYA SANAYİ VE TİCARET A.Ş.

Notice of Dividend Amount • May 3, 2024

Summary Info	Board of Directors' Proposal for Dividend Distribution
Update Notification Flag	No
Correction Notification Flag	No
Postponed Notification Flag	No

Decision Date	03.05.2024
Type of Cash Dividend Payment	Payment In Advance
Currency Unit	TRY
Stock Dividend	Will Not Be Paid

Cash Dividend Payment Amount and Rates

Share Group Info	Payment	Cash Dividend To Be Paid For Share With Par Value of 1 TL - Gross (TL)	Cash Dividend To Be Paid For Share With Par Value of 1 TL - Gross (%)	Withholding Rate (%)	Cash Dividend To Be Paid For Share With Par Value of 1 TL - Net (TL)	Cash Dividend To Be Paid For Share With Par Value of 1 TL - Net (%)
VESBE, TREVEST00017	Payment In Advance	0,7259260	72,5926	10	0,6533334	65,33334

Dividend Dates

Payment	Proposed Ex-Dividend Date	Final Ex-Dividend Date	Payment Date	Record Date
Payment In Advance	25.07.2024		29.07.2024	26.07.2024

(1) The date that the dividend will be paid and the share will start trading without dividend right (proposed).

(2) The date that the dividend will be paid and the share will start trading without dividend right (finalized).

(3) Date of entry to the accounts of the shareholders whose shares are traded on the stock exchange.

(4) Date of determination of the right holders of the type of shares traded on the stock exchange.

Amount and Rate of Cash Dividend Stock Dividend Payment

Share Group Info	Amount of Stock Dividend (TL)	Rate of Stock Dividend (%)
VESBE, TREVEST00017	0	0

Additional Explanations

The Board of Directors of Vestel Beyaz Eşya Sanayi ve Ticaret Anonim Şirketi has made the following decisions.

Vestel Beyaz Eşya Sanayi ve Ticaret AŞ recorded TL 4,724,452,000 net profit in the 2023 accounting period according to the financial statements prepared within the framework of the "Communiqué on Principles of Financial Reporting in the Capital Markets" numbered II.14.1 of the Capital Markets Board ("CMB") and in accordance with the formats determined by the Public Oversight Accounting and Auditing Standards Authority ("KGK") and CMB based on the Turkish Financial Reporting Standards ("TFRS") put into effect by the KGK and audited by PwC Bağımsız Denetim ve Serbest Muhasebecilik Mali Müşavirlik AŞ; and a net profit of TL 3,236,186,078 in its statutory financial statements prepared in accordance with the relevant provisions of the Tax Procedure Law No. 213 ("TPL").

After setting aside, as per the Paragraph 1 of the Article 519 of the Turkish Commercial Code, the required amount of TL 161,809,304 for the first legal reserves (at the rate of 5%) from the net profit of TL 3,236,186,078 recorded in the Company's statutory financial statements prepared in accordance with the TPL regulations, the net distributable profit is calculated as TL 3,074,376,774.

The Accumulated Profit/Loss account (including current year net profit of TL 3,236,186,078) has a negative balance of TL 538,638,699 as a result of inflation adjustment of the balance sheet dated 31 December 2023, prepared in accordance with TPL regulations. Furthermore, Inflation Adjustment Differences Regarding Equity Accounts covers the total decrease of TL 3,774,824,776 due to inflation adjustment.

After deducting TL 161,809,304 set aside as the first legal reserve from the net profit of TL 4,724,452,000 recorded in the Company's financial statements prepared in accordance with the CMB and KGK regulations, the net distributable profit is calculated as TL 4,562,642,696. Following the addition of TL 83,283,745 of donations made in the year and calculated according to the purchasing power as of December 31, 2023, to net distributable profit, the first dividend base is calculated as TL 4,645,926,441.

In accordance with the Company's Articles of Association and Dividend Distribution Policy, the first dividend is determined as TL 1,161,481,610, which is calculated as 25% of the donations added distributable net profit for the year based on the CMB financial statements. After deducting the dividend of TL 1,161,481,610 and second legal reserve of TL 108,148,161 from the net distributable profit based on the Tax Procedure Law, the remaining amount of TL 1,804,747,003 will be transferred to the extraordinary reserves. Accordingly, the Company's Board of Directors who attended the meeting unanimously resolved to propose the payment of TL 1,161,481,610 of cash dividends to its shareholders, which corresponds to a gross cash dividend of TL 0.7259 and a net cash dividend of TL 0.6533 per share (with a nominal value of TL 1) on July 25, 2024 and to submit these proposals to the approval of shareholders at the Annual General Assembly for the year 2023.

This statement was translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.

Supplementary Documents

Appendix: 1	Vestel Beyaz Eşya 2023 Kar Payı Dağıtım Tablosu.pdf
Appendix: 2	Vestel Beyaz Eşya Dividend Distribution Table for the Year 2023.pdf

DIVIDEND DISTRIBUTION TABLE

VESTEL BEYAZ EŞYA SANAYİ VE TİCARET A.Ş. 01.01.2023/31.12.2023 Period Dividend Payment Table (TL)

1.Paid-In / Issued Capital	1.600.000.000
2. Total Legal Reserves (According to Legal Records)	297.870.820
Information on privileges in dividend distribution, if any, in the Articles of Association:	None.

*	Based on CMB Regulations	Based on Legal Records
3. Current Period Profit	5.500.684.000	3.268.376.658
4. Taxes Payable (-)	776.232.000	32.190.580
5. Net Current Period Profit	4.724.452.000	3.236.186.078
6. Losses in Previous Years (-)
7. Primary Legal Reserve (-)	161.809.304	161.809.304
8. Net Distributable Current Period Profit	4.562.642.696	3.074.376.774
Dividend Advance Distributed (-)	0	0
Dividend Advance Less Net Distributable Current Period Profit	0	0
9. Donations Made During The Year ( + )	83.283.745	0
10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated	4.645.926.441	3.074.376.774
11. First Dividend to Shareholders	1.161.481.610	1.161.481.610
* Cash	1.161.481.610	1.161.481.610
* Stock	0	0
12. Dividend Distributed to Owners of Privileged Shares	0	0
13. Other Dividend Distributed	0	0
* To the Employees	0	0
* To the Members of the Board of Directors	0	0
* To Non-Shareholders	0	0
14. Dividend to Owners of Redeemed Shares	0	0
15. Second Dividend to Shareholders	0	0
16. Secondary Legal Reserves	0	108.148.161
17. Statutory Reserves	0	0
18. Special Reserves	0	0
19. Extraordinary Reserves	0	1.804.747.003
20. Other Distributable Resources	0	0

Dividend Payment Rates Table

Share Group	CASH DIVIDEND AMOUNT (TL) - NET	STOCK DIVIDEND AMOUNT (TL)	TOTAL DIVIDEND AMOUNT (TL) / NET DISTRIBUTABLE CURRENT PERIOD PROFIT (%)	DIVIDEND TO BE PAID FOR SHARE WITH PAR VALUE OF 1 TL - NET (TL)	DIVIDEND TO BE PAID FOR SHARE WITH PAR VALUE OF 1 TL - NET (%)
- - -	1.045.333.449		22,67	0,6533	65,33
TOTAL	1.045.333.449		22,67	0,6533	65,33

Dividend Rate Table Explanations

(*) The net value of dividend per gross share has been calculated with the assumption that the dividend is distributed to the full taxpayer real person shareholders and there is no earning that is subject to any exemption in the distribution, thus accepting the withholding rate at 10% in accordance with the Presidential Decision dated 22/12/2021 and numbered 2021/4936.