VESTEL ELEKTRONİK SANAYİ VE TİCARET A.Ş.

Capital/Financing Update • Aug 25, 2022

Summary Info	Issuance of a Discounted Commercial Paper to Qualified Investors
Update Notification Flag	No
Correction Notification Flag	No
Postponed Notification Flag	No
Subject of Notification	Completion of the Sale

Board Decision Date	13.04.2022

Related Issue Limit Info

Currency Unit	TRY
Limit	750.000.000
Issue Limit Security Type	Debt Securities
Sale Type	Sale To Qualified Investor
Domestic / Oversea	Domestic
Capital Market Board Approval Date	21.06.2022

Capital Market Instrument To Be Issued Info

Central Securities Depository	MKK
The country where the issue takes place	Türkiye
Type	Bill
Maturity Date	25.01.2023
Maturity (Day)	153
Interest Rate Type	Discounted
Interest Rate - Periodic (%)	11,3178
Interest Rate - Yearly Simple (%)	27
Interest Rate - Yearly Compound (%)	29,15
Sale Type	Sale To Qualified Investor
ISIN Code	TRFVSTL12311
Title Of Intermediary Brokerage House	AK YATIRIM MENKUL DEĞERLER A.Ş.
Approval Date of Tenor Issue Document	21.06.2022
Payment Type	TL Payment
Ending Date of Sale	25.08.2022
Traded in the Stock Exchange	No
Maturity Starting Date	25.08.2022
Nominal Value of Capital Market Instrument Sold	214.000.000
Issue Price	0,89832
Coupon Number	0
Redemption Date	25.01.2023
Record Date	24.01.2023
Payment Date	25.01.2023
Principal/Maturity Date Payment Amount	214.000.000
Currency Unit	TRY

Rating

Does the issuer have a rating note?	Yes

Issuer Rating Note

Rating Company	Rating Note	Rating Date	Is it Investment Grade?
JCR-Eurasia Rating	A (Trk)/( Stabil Görünüm)	30.11.2021	Yes

Does the capital market instrument have a rating note?	No

Does the originator have a rating note?	No

Additional Explanations

Vestel Elektronik has announced on June 23, 2022 that the Capital Markets Board had approved the Company's application to issue debt instruments up to a nominal value of TL 750,000,000 and with a maximum maturity of 5 years for sale in single or multiple tranches to qualified investors in the domestic market. Within this scope, the Company completed the sale of a TL 214,000,000 discounted commercial paper with a maturity of 153 days to domestic qualified investors on August 25, 2022. Ak Yatırım Menkul Değerler AŞ has acted as the financial intermediary for the issue. 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.