VESTEL ELEKTRONİK SANAYİ VE TİCARET A.Ş.

Notice of Dividend Amount • Jun 3, 2020

Summary Info	Board of Directors' Proposal for No Dividend Distribution for 2019
Update Notification Flag	No
Correction Notification Flag	No
Postponed Notification Flag	No

Decision Date	03.06.2020
Date of Related General Assembly	30.06.2020
Type of Cash Dividend Payment	Cash Dividend Will Not Be Paid
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 (%)
VESTL, TRAVESTL91H6		0,0000000	0	0	0,0000000	0

Amount and Rate of Cash Dividend Stock Dividend Payment

Share Group Info	Amount of Stock Dividend (TL)	Rate of Stock Dividend (%)
VESTL, TRAVESTL91H6	0	0

Additional Explanations

Vestel Elektronik Sanayi ve Ticaret AŞ's Board of Directors made the following decision.

Vestel Elektronik Sanayi ve Ticaret AŞ recorded TL 324,047,000 of net profit in its consolidated financial statements prepared within the framework of the Communiqué on the Principles of Financial Reporting in Capital Markets numbered II-14.1 and in compliance with the Turkish Accounting Standards/Turkish Financial Reporting Standards and audited by PwC Bağımsız Denetim ve Serbest Muhasebecilik Mali Müşavirlik AŞ, and TL 448,129,294 of net profit in its statutory financial statements prepared in accordance with the Turkish Commercial Code and Tax Procedure Law.

Taking into account the conditions set forth in the Company's Profit Distribution Policy; the Board resolved to propose not to make any profit distribution and to add the 2019 profit to extraordinary reserves after setting aside the required amount for the first legal reserve in order to strengthen the financial structure of the Company and not to create an additional funding requirement considering the current economic outlook, the liquidity, investment and financing policies of the Company as well as to protect the long term interests of the shareholders, employees and the Company. This proposal will be submitted to the approval of shareholders at the Company's 2019 Annual General Meeting.

Supplementary Documents

Appendix: 1	Vestel Elektronik 2019 Kar Payı Dağıtım Tablosu.pdf
Appendix: 2	Dividend Distribution Table.pdf

DIVIDEND DISTRIBUTION TABLE

VESTEL ELEKTRONİK SANAYİ VE TİCARET A.Ş. 01.01.2019/31.12.2019 Period Dividend Payment Table (TL)

1.Paid-In / Issued Capital	335.456.275
2. Total Legal Reserves (According to Legal Records)	67.091.255

*	Based on CMB Regulations	Based on Legal Records
3. Current Period Profit	286.110.000	448.129.294
4. Taxes Payable (-)	-37.397.000	0
5. Net Current Period Profit	324.047.000	448.129.294
6. Losses in Previous Years (-)	0	0
7. Primary Legal Reserve (-)	0	0
8. Net Distributable Current Period Profit	324.047.000	448.129.294
Dividend Advance Distributed (-)
Dividend Advance Less Net Distributable Current Period Profit
9. Donations Made During The Year ( + )	177.882
10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated	324.224.882
11. First Dividend to Shareholders
* Cash
* Stock
12. Dividend Distributed to Owners of Privileged Shares
13. Other Dividend Distributed
* To the Employees
* To the Members of the Board of Directors
* To Non-Shareholders
14. Dividend to Owners of Redeemed Shares
15. Second Dividend to Shareholders
16. Secondary Legal Reserves
17. Statutory Reserves
18. Special Reserves
19. Extraordinary Reserves	324.047.000	448.129.294
20. Other Distributable Resources

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 (%)
- - -	0	0	0	0	0
TOTAL	0	0	0	0	0