VESTEL ELEKTRONİK SANAYİ VE TİCARET A.Ş.

Capital/Financing Update • May 1, 2024

Summary Info	Developments regarding the issuance of debt instruments for sale to non-residents
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No

Authorized Member Decision Date	14.03.2024
Issue Limit	500.000.000
Currency Unit	USD
Issue Limit Security Type	Debt Securities
Sale Type	Oversea
Domestic / Oversea	Oversea
Capital Market Board Application Date	14.03.2024
Capital Market Board Application Result	APPROVAL
Capital Market Board Approval Date	18.04.2024
Expiry Date of Issue Limit	18.04.2025

Additional Explanations

BofA Securities , J.P. Morgan Securities and Emirates NBD Capital have been mandated for selling our Company's bonds to qualified investors outside Turkey within the format of "Rule 144A" and/or "Regulation S". In this context, it is planned to arrange a series of investor meetings in the UK with the participation of our Company's senior management starting from May 1, 2024. Our Company has been assigned with credit ratings of B+ (Positive) by Fitch Ratings and B3 (Stable) by Moody's in connection with its potential transaction. The ultimate decision for the bond issuance and the amount and the terms of the bond issue will be determined based on the market conditions following the investor meetings. The Eurobond is expected to be rated "B+" by Fitch Ratings and "B3" by Moody's. 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.