The first coupon payment amounting to TL 14,317,012,08 on the TL 123,480,000 nominally valued corporate bond which was sold to qualified investors on October 27, 2025 with a maturity of 374 days and trades with the ISIN Code of TRSVESTK2610, was made as of today. The interest rate for the second coupon payment has been set as 11.4685%.
The third coupon payment amounting to TL 22,251,425 on the TL 175,000,000 nominally valued corporate bond which was sold to qualified investors on April 25, 2025 with a maturity of 370 days and trades with the ISIN Code of TRSVEST42613, was made as of today. The interest rate for the fourth coupon payment has been set as 13.5535%.
Vestel Beyaz Eşya Sanayi ve Ticaret AŞ completed the sale of a TL 139,000,000 commercial paper with fixed coupon payment with a maturity of 173 days to domestic qualified investors, the transfer of the securities to the customer accounts will be completed today. The debt instrument offers an annual simple interest rate of 44%. Ak Yatırım Menkul Kıymetler AŞ has acted as the financial intermediary for the issue
TL 463,000,000 nominally valued commercial paper, which was sold to qualified investors on 1 August, 2025 with a maturity of 167 days and trades with the ISIN Code of TRFVEST12613 , was redeemed as of today (January 15, 2026) with completion of coupon payment amounting to TL 108,037,809,00 and the principal payment of TL 463,000,000.
Effective as of 19 January 2026, Mr. Gökhan Sığın has been appointed as CEO of Vestel Group of Companies. A short biography is presented below.
This is respectfully submitted for the information of the public.
Mr. Gökhan Sığın holds a Bachelor's degree in Mechanical Engineering from Boğaziçi University and an MBA degree from the University of Bristol, United Kingdom. He began his professional career in 1997 as Assistant Project Manager at Lister Peter Motor Company. After joining BSH in 1999, he assumed senior executive roles in the fields of planning and sales. During his tenure at BSH, he served as CEO for the Middle East between 2015 and 2018, CEO for Türkiye between 2018 and 2023, and CEO responsible for Emerging Markets between 2023 and 2025.
The Board of Directors of our Company has resolved to accept the resignation of Mr. Mümin Cengiz Ultav from his position as a Member of the Board of Directors, effective as of 30 December 2025, and to appoint Mr. Mehmet Emre Zorlu as a Member of the Board of Directors to fill the vacancy arising from such resignation, to serve until the end of the term of the resigned member and to be submitted for the approval of the shareholders at the first General Assembly meeting to be convened, in accordance with Article 363 of the Turkish Commercial Code No. 6102.
The "Directors and Officers Liability Insurance" currently in effect for the members of our Board of Directors and senior executives has been renewed with a coverage limit exceeding 25% of the Company's capital, in accordance with Article 4.2.8 of the appendix to the Capital Markets Board's Corporate Governance Communiqué.
JCR-Eurasia Rating has revised Vestel Beyaz Eşya Sanayi ve Ticaret AŞ Long-Term National Issuer Rating as "A- (tr)" with a "Stable" outlook. The company's Short-Term National Issuer Credit Rating has been determined at "J2 (tr) / Stable". The company's Long-Term International Foreign and Local Currency Issuer Ratings and their outlooks have been maintained at "BB / Stable.
The third coupon payment amounting to TL 109,416,090 on the TL 885,000,000 nominally valued corporate bond which was sold to qualified investors on February 12, 2025 with a maturity of 399 days and trades with the ISIN Code of TRSVEST32614 , was made as of today. The interest rate for the fourth coupon payment has been set as 15.1891%.
Our financial statements and interim report for 01.01.2025 – 30.09.2025 accounting period has been disclosed to public today. The related documents and financial results presentation is available at our website www.vestelinternational.com.