Kap Notices

Pursuant to our material event disclosure dated 13.04.2022, the Capital Markets Board's ("CMB") approval for the planned debt issue was announced in the CMB's bulletin dated 23.06.2022 and numbered 2022/32 and notified to the Company on 24.06.2022. The approved issue document is presented in the attachment.

Click for Corporate Bond.

The resolutions of Vestel Beyaz Eşya's Annual General Meeting for the year 2021, which was held on May 11, 2022, have been registered by the Istanbul Trade Registry Office on May 17, 2022 (today).

At its meeting on 11.05.2022, Vestel Beyaz Eşya Sanayi ve Ticaret Anonim Şirketi's Board of Directors unanimously resolved,

• To elect Mr. Bekir Ağırdır, Independent Member of the Board, as the chairperson and Mr. Olgun Zorlu, Board Member and Ms. Serap Mutlu, Investor Relations Director, as the committee members to carry out the activities of the Corporate Governance Committee,
• To elect Mr. Elmas Melih Araz, Independent Member of the Board, as the chairperson and Mr. Bekir Ağırdır, Independent Member of the Board, as the committee member to carry out the activities of the Audit Committee,
• To elect Mr Elmas Melih Araz, Independent Board Member, as the chairperson and Ms. Şule Zorlu, as the committee member to carry out the activities of the Early Detection of Risk Committee.

Pursuant to our material event disclosure dated 12 April 2022, Board of Directors' proposal regarding the selection of KPMG Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik AŞ as the independent audit firm for auditing the Company's accounts and transactions in 2022 has been accepted at the Company's 2021 Annual General Meeting.

Pursuant to our material event disclosure dated 12 April 2022, the Board of Directors' proposal for dividend distribution for the year 2021 and the date of dividend payment has been accepted and approved by the General Assembly.

Vestel Beyaz Eşya Sanayi ve Ticaret AŞ’s Annual General Meeting for the year 2021 was held on 11 May 2022 at 12:30 am at the address of Levent 199 Büyükdere Caddesi No: 199 34394 Şişli/Istanbul.

Click here for the Minutes of the Meeting.

Click here for the List of Attendees.

Report on the Common and Continuous Transactions between the Company and its related parties, which was prepared in accordance with the Article 10 of the CMB's (II.17.1) Communiqué on Corporate Governance, is provided below:

Within the context of the Company's financial planning for the year 2022,

• Total revenues to be generated by Vestel Beyaz Eşya Sanayi ve Ticaret AŞ ("Company") from the sale of products to Vestel Ticaret AŞ ("Vestel Ticaret") in 2022 are foreseen to exceed 10% of the Company's revenues. It is concluded that the terms of the sales transactions are compatible with previous years and are reasonable when compared with the market conditions.

Vestel Beyaz Eşya reported TL 5,418 mn (EUR 347 mn) of sales revenues and TL 573 mn (EUR 37 mn) of net profit for 1Q22.

Click here for the 1Q22 CMB financials.

Vestel Beyaz Eşya Sanayi ve Ticaret AŞ's Board of Directors decided to apply to the Capital Markets Board to issue up to TL 750 million of debt instruments in single or multiple tranches with varying maturities of maximum 5 years. The instruments will be sold to qualified investors without public offering and/or through private placements in the domestic market and can be issued as all kinds of bonds, convertible bonds, exchangeable bonds, commercial papers and other capital market instruments that are debt instruments by their nature and accepted by the Capital Markets Board.

The Board of Directors of Vestel Beyaz Eşya Sanayi ve Ticaret Anonim Şirketi made the following resolution:

Taking into consideration the assessment made by the Audit Committee on 11 April 2022 for the selection of the independent audit firm, it has been unanimously decided to appoint KPMG Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik Anonim Şirketi as the independent audit firm to audit the financial statements of the Company for the fiscal year 2022 in accordance with the principles stipulated by the Turkish Commercial Code No. 6102, the Capital Market Law No. 6362 and other applicable legislation and to carry out other duties specified in the relevant arrangements of the same laws and to submit the selection for the approval of shareholders at the Annual General Meeting for the year 2021.