Completion of Third Coupon Payment and Announcement of the Interest Rate for the Third Payment for the Corporate Bond with the ISIN Code of TRSVSTL82614 The third coupon payment amounting to TL 4,746,191,52 on the TL 39,660,000 nominally valued corporate bond which was sold to qualified investors on August 25, 2025 with a maturity of 367 days and trades with the ISIN Code of TRSVSTL82614 , was made as of today. The interest rate for the fourth coupon payment has been set as 12.2302%.
Coupon Payment and the Redemption of the Commercial Paper with the ISIN Code of TRFVSTL52614 TL 47,330,000 nominally valued commercial paper, which was sold to qualified investors on 26 November, 2025 with a maturity of 180 days and trades with the ISIN Code of TRFVSTL52614 , was redeemed as of today (May 25, 2026) with completion of coupon payment amounting to TL 10,503,378.94 and the principal payment of TL 47,330,000.
Coupon Payment and the Redemption of the Commercial Paper with the ISIN Code of TRFVSTL52622 TL 75,930,000 nominally valued commercial paper, which was sold to qualified investors on 19 December, 2025 with a maturity of 157 days and trades with the ISIN Code of TRFVSTL52622 , was redeemed as of today (May 25, 2026) with completion of coupon payment amounting to TL 14,533,837.23 and the principal payment of TL 75,930,000.
Issuance of A Commercial Paper With Fixed Coupon Payment to Qualified Investors Vestel Elektronik Sanayi ve Ticaret AŞ completed the sale of a TL 93,530,000 commercial paper with fixed coupon payment with a maturity of 137 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 49%. Ak Yatırım Menkul Kıymetler AŞ has acted as the financial intermediary for the issue.
Completion of Second Coupon Payment and Announcement of the Interest Rate for the Third Payment for the Corporate Bond with the ISIN Code of TRSVSTLA2613 The second coupon payment amounting to TL 2,610,732,74 on the TL 24,340,000 nominally valued corporate bond which was sold to qualified investors on November 26, 2025 with a maturity of 386 days and trades with the ISIN Code of TRSVSTLA2613 , was made as of today. The interest rate for the third coupon payment has been set as 11.2192%.
The Ordinary General Assembly Meeting of our Company for the year 2025 was registered by the Istanbul Trade Registry Office on 21 May 2026 and published in the Turkish Trade Registry Gazette dated 22 May 2026 and numbered 11588
The resolution adopted at the General Assembly Meeting held on 14 May 2026 regarding the appointment of PwC Independent Audit and Certified Public Accountant Inc. as the independent auditor of our Company was registered on 21 May 2026 and published in the Turkish Trade Registry Gazette dated 22 May 2026, issue no. 11588.
On 22 May 2026, the Board of Directors resolved as follows;
The Board of Directors of Vestel Elektronik Sanayi ve Ticaret Anonim Şirketi has adopted the following resolution:
In respect of the 2025 fiscal year of our Company, while a net loss for the period attributable to the equity holders of the parent amounting to 29,681,104,000 TL has been recorded in the consolidated financial statements prepared in compliance with the formats determined by the Public Oversight, Accounting and Auditing Standards Authority ("POA") and the Capital Markets Board ("CMB"), based on the Turkish Financial Reporting Standards ("TFRS") put into effect by POA pursuant to the CMB Communiqué No. II-14.1 on the "Principles of Financial Reporting in Capital Markets", and audited by PwC Bağımsız Denetim ve Serbest Muhasebecilik Mali Müşavirlik A.Ş.; a net loss for the period amounting to 11,507,319,953 TL has been recorded in the individual financial statements prepared within the framework of the relevant provisions of the Tax Procedure Law No. 213 ("TPL").
Based on the foregoing, the Board of Directors has resolved, by the unanimous vote of the members present at the meeting, to submit to the approval of the shareholders at the Ordinary General Assembly Meeting for the fiscal year 2025 the proposal not to distribute dividends, as there is no distributable profit for the period in the Company's financial statements.
The Board of Directors of Vestel Elektronik Sanayi ve Ticaret Anonim Şirketi has adopted the following resolution :
Considering the assessment made by the Audit Committee dated 16/04/2026 regarding the selection of the independent auditor; it was unanimously resolved by the members present at the meeting that, in order to audit the consolidated financial reports of the Company for the fiscal year between 01.01.2026–31.12.2026 in accordance with the principles determined under the Turkish Commercial Code No. 6102, the Capital Markets Law No. 6362 and the relevant legislation, and to carry out other activities within the scope of these laws and related regulations, an independent audit services agreement shall be executed with PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik Anonim Şirketi, having its registered at Kılıçali Paşa Mah. Meclis-i Mebusan Cad. No 8 İç Kapı No 301 Beyoğlu/İstanbul and registered with the Istanbul Trade Registry under number 201465-0, shall be elected as the independent audit firm, and that this matter shall be submitted to the approval of the shareholders at the 2025 Ordinary General Assembly Meeting.
This resolution has been adopted unanimously by the members of the Board of Directors present at the meeting.