Completion of Fourth Coupon Payment and Redemption for the Corporate Bond with the ISIN Code of TRSVESTK2610 123,480,000 nominally valued corporate bond, which was sold to qualified investors on October 27, 2025 with a maturity of 374 days and with the ISIN Code of TRSVESTK2610, was redeemed as of today (November 5, 2026) with completion of the fourth coupon payment amounting to TL 15,561,937.44 and the principal payment of TL 123,480,000.
It is with profound sadness that we announce the passing of our Chairman, Mr. Ahmet Nazif Zorlu, on 2 November 2026, at the hospital where he had been receiving treatment for some time.
Through his vision and leadership, Ahmet Nazif Zorlu played a pioneering role in transforming the Zorlu Group into one of Türkiye’s leading industrial groups and made a significant contribution to our Company’s growth and its development into a strong international player. Throughout his life, the investments he made contributed significantly to Türkiye’s industry, exports and employment.
Ahmet Nazif Zorlu’s guiding principle, “My country first, then my company, then my family,” together with his unwavering belief in his country and its people and the value he placed on hard work and production, will remain among the most valuable legacies he leaves behind. We will always remember him with the utmost respect, gratitude and deep affection.
The necessary procedures regarding the position of Chairman of the Board of Directors will be carried out in accordance with the applicable legislation and corporate governance principles. Any further developments will be duly disclosed to the public
The financial results presentation of our Company for the period 01.01.2026 – 30.09.2026 is made available to our investors on our corporate website (www.vestelinternational.com).
In line with our operational strategy, new appointments have been made within the Company's production and sales functions. Accordingly:
1.Hasan Uğur, General Manager of Production, R&D and Quality, will no longer serve as his position effective October 31, 2026. Hasan Emrah Şafak, who currently serves as Deputy General Manager of Refrigerator Production, has been appointed to this position effective November 1, 2026.
2.Seçkin Gençoğlu, General Manager of International Sales and Product Management, will no longer serve as his position effective October 31, 2026. In addition to his current role, Ali Yalçın, General Manager of Vestel Europe, will assume the role of Acting General Manager of International Sales and Product Management effective November 1, 2026.
JCR-Eurasia Rating has revised Vestel Beyaz Eşya Sanayi ve Ticaret AŞ Long-Term National Issuer Rating as "BB+ (tr)" with a "Stable" outlook. The company's Short-Term National Issuer Credit Rating has been determined at "J3 (tr) / Stable". The company's Long-Term International Foreign and Local Currency Issuer Ratings and their outlooks have been determined at "B+ / Stable.
Vestel Beyaz Eşya Sanayi ve Ticaret AŞ completed the sale of a TL 29,430,000 commercial paper with fixed coupon payment with a maturity of 127 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 47%. Ak Yatırım Menkul Kıymetler AŞ has acted as the financial intermediary for the issue. This statement was translated into English for informational purposes.
TL 114,530,000 nominally valued commercial paper, which was sold to qualified investors on 18 March, 2026 with a maturity of 175 days and trades with the ISIN Code of TRFVEST92615, was redeemed as of today (September 9, 2026) with completion of coupon payment amounting to TL 25,259,362.44 and the principal payment of TL 114,530,000.
TL 88,080,000 nominally valued commercial paper, which was sold to qualified investors on 30 April, 2026 with a maturity of 132 days and trades with the ISIN Code of TRFVEST92631, was redeemed as of today (September 9, 2026) with completion of coupon payment amounting to TL 15,608,304.48 and the principal payment of TL 88,080,000.
TL 39,000,000 nominally valued commercial paper, which was sold to qualified investors on 15 April, 2026 with a maturity of 147 days and trades with the ISIN Code of TRFVEST92623, was redeemed as of today (September 9, 2026) with completion of coupon payment amounting to TL 7,617,831.00 and the principal payment of TL 39,000,000.
Our Company's CFO, Mr. Bülent Kiracıoğlu, will leave his position effective August 31, 2026. Ms. Zeynep Sarsan has been appointed as CFO effective September 7, 2026. Her brief biography is provided below.
We hereby announce this information to the public.
Resume
Zeynep Sarsan holds a Bachelor's degree in Business Administration from Istanbul University and an MBA in Financial Management from Yeditepe University. In 2024, she completed the Corporate Finance Programme at London Business School.Sarsan began her professional career in auditing in 1999 and subsequently held senior finance management positions at leading companies, including Nexans, Praktiker, and Alcatel-Lucent.Since 2013, Sarsan has held Finance Director and CFO positions at various companies within Kibar Holding, including Assan Hanil, Baymak/BDR Thermea, Assan Panel, and Ispak Ambalaj. From 2018 to 2026, she served as CFO of Assan Alüminyum.During the same period, she also served concurrently as a Board Member of Kibar Americas and as a Member of the Executive Committee of Krides