VESTEL ELEKTRONİK SANAYİ VE TİCARET A.Ş.

Capital/Financing Update • May 16, 2024

Summary Info	Transfer of the Proceeds from the Eurobond Issuance to the Company's Account
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No
Subject of Notification	Completion of the Sale

Board Decision Date	14.03.2024

Related Issue Limit Info

Currency Unit	USD
Limit	500.000.000
Issue Limit Security Type	Debt Securities
Sale Type	Oversea
Domestic / Oversea	Oversea
Capital Market Board Approval Date	18.04.2024

Capital Market Instrument To Be Issued Info

Type	Bond
Maturity Date	15.05.2029
Maturity (Day)	1.826
Sale Type	Oversea
The country where the issue takes place	İrlanda
Central Securities Depository	DTC/Euroclear/Clearstream
Nominal Value of Capital Market Instrument Sold	450.000.000
Maturity Starting Date	15.05.2024
Interest Rate Type	Fixed Rate
Traded in the Stock Exchange	Yes
Payment Type	Foreign Exchange Payment
ISIN Code	XS2817919587
Coupon Number	10
Currency Unit	USD
Coupon Payment Frequency	Once Every Six Months

Redemption Plan of Capital Market Instrument Sold

Coupon Number	Payment Date	Was The Payment Made?
1	15.11.2024
2	15.05.2025
3	17.11.2025
4	15.05.2026
5	16.11.2026
6	17.05.2027
7	15.11.2027
8	15.05.2028
9	15.11.2028
10	15.05.2029
Principal/Maturity Date Payment Amount	15.05.2029

Rating

Does the issuer have a rating note?	Yes

Issuer Rating Note

Rating Company	Rating Note	Rating Date	Is it Investment Grade?
Fitch Ratings, Moody's Ratings	B+ (Positive) Fitch, B3 (Stable) Moody's	01.05.2024	No

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 Ratings, Moody's Ratings	B+ (Positive) Fitch (Beklenen/Expected), B3 (Stable) Moody's	01.05.2024	No

Does the originator have a rating note?	No

Additional Explanations

Pursuant to our material event disclosure dated 15.05.2024, the amounts related to the Eurobond issued and sold abroad with a nominal value of USD 450 million, maturity of 5 years, fixed coupon rate of 9.75% per annum and redemption date of May 15, 2029, are transferred to our Company's accounts. The proceeds from the Eurobond issuance will be used to refinance existing financial debt and finance investments. This statement has been 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.