VESTEL ELEKTRONİK SANAYİ VE TİCARET A.Ş.

M&A Activity • Dec 17, 2024

Summary Info	Regarding to The Transfer of The Automotive Business Line to Vestel Mobilite via a Partial Demerger Through Associate Model
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No

Board Decision Date	22.10.2024
Demerger Model	Partial demerger through associate model
Company/Companies That Assets be Transferred Due to Demerger	Vestel Mobilite Sanayi ve Ticaret AŞ
Scope of Activities of Company/Companies That Assets be Transferred Due to Demerger	Mobility and energy storage
Capital Increase of Company That Assets be Transferred Due to Demerger	966.914.621,19
Will Be Applied to Stock Exchange For Listing of Company That Assets be Transferred Due to Demerger?	No
Currency Unit	TRY
Date Of Financial Statements Base To Demerger	30.06.2024
Paid-in Capital (TL)	335.456.275
Target Capital (TL)	335.456.275

Share Group Info	Paid-in Capital (TL)	Share Exchange Rate	Capital To Be Decreased Due To Demerger (TL)	Capital To Be Decreased Due To Demerger (%)	Amount Of Bonus Issue From Internal Resources Due to Demerger (TL)	Rate Of Bonus Issue From Internal Resources Due to Demerger(%)	New Shares'' ISIN	Amount of Shares Issued Due To Demerger
VESTL, TRAVESTL91H6	335.456.275

Capital Market Board Application Date Regarding Demerger	23.10.2024

Additional Explanations

Regarding our m aterial event disclosure dated 23.10.2024; It has been decided to withdraw our application made to the Capital Markets Board regarding - the transfer of some of the assets registered in our company's assets to Vestel Mobilite Sanayi ve Ticaret A.Ş, one of our 100% affiliated companies, by "The Partial Demerger Through Associate Model" in a way that does not disrupt the integrity of the business -based on the financial statements prepared as of 30.06.2024, since it is foreseen that the transactions sought under the legislation cannot be completed by 31.12.2024.

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.