VESTEL ELEKTRONİK SANAYİ VE TİCARET A.Ş.

Registration Form • Mar 12, 2020

Summary Info	AMENDMENT TO THE ARTICLES OF ASSOCIATION
Update Notification Flag	No
Correction Notification Flag	No
Postponed Notification Flag	No

Board Decision Date	12.03.2020
Related Authorized Capital Process	Update Of Authorized Capital Validity Period
Current Authorized Capital (TL)	1.000.000.000
New Authorized Capital (TL)	1.000.000.000
Due Date For The Authorized Capital (New)	31.12.2024
Number Of Articles Of Association Item To Be Amended	6

Additional Explanations

AMENDMENT TO THE ARTICLES OF ASSOCIATION

In accordance with the article 18 of the Capital Market Law and the Communiqué on Authorised Capital System of the Capital Markets Board (the Communiqué), Vestel Elektronik (the Company) decided to amend the sixth article of its Articles of Association titled "Company's Share Capital and Kind of Share Certificates" for extending the validity period of its registered capital ceiling for 5 years, involving the 2020-2024 period. Within this scope, the Company decided to apply to the Capital Markets Board and Ministry of Trade to obtain the required permission and submit the afore-mentioned amendment for the approval of shareholders in the first upcoming General Assembly.