Kap Notices

Vestel Elektronik Sanayi ve Ticaret AŞ bought 446,814 Vestel Beyaz Eşya Sanayi ve Ticaret AŞ (“Vestel Beyaz Eşya”) shares in the stock market at a price range of TL 10.73 to TL 11.00 per share on June 8, 2018. Following the transaction, the Company’s share in Vestel Beyaz Eşya reached 95.08%.

Vestel Elektronik Sanayi ve Ticaret AŞ bought 118,755 Vestel Beyaz Eşya Sanayi ve Ticaret AŞ (“Vestel Beyaz Eşya”) shares in the stock market at a price range of TL 10.09 to TL 10.49 per share on June 6, 2018. Following the transaction, the Company’s share in Vestel Beyaz Eşya reached 94.85%.

Pursuant to our material event disclosure dated November 2, 2017; Vestel Elektronik Sanayi ve Ticaret AŞ decided to participate as a founding partner with a 19% share in “Türkiye’nin Otomobili Girişim Grubu Sanayi ve Ticaret AŞ”, which is planned to be established to produce mainly electric passenger cars and carry out supporting activities within the framework of Turkey’s Automobile Project, following the work undertaken by the Joint Initiative Group, to which Company’s controlling shareholder, Zorlu Holding AŞ was a party. In this respect, the Shareholders Agreement and Articles of Association have been signed on May 31, 2018. Establishment of the new company will be completed following the completion of necessary procedures.

Vestel Elektronik Sanayi ve Ticaret AŞ bought 204,030 Vestel Beyaz Eşya Sanayi ve Ticaret AŞ (“Vestel Beyaz Eşya”) shares in the stock market at a price range of TL 10.20 to TL 10.50 per share on June 1, 2018. Following the transaction, the Company’s share in Vestel Beyaz Eşya reached 94.79%.

Vestel Elektronik Sanayi ve Ticaret AŞ bought 47,729 Vestel Beyaz Eşya Sanayi ve Ticaret AŞ (“Vestel Beyaz Eşya”) shares in the stock market at a price range of TL 9.92 to TL 10.00 per share on May 31, 2018. Following the transaction, the Company’s share in Vestel Beyaz Eşya reached 94.68%.

Vestel Elektronik Sanayi ve Ticaret AŞ bought 8,823 Vestel Beyaz Eşya Sanayi ve Ticaret AŞ (“Vestel Beyaz Eşya”) shares in the stock market at a price range of TL 9.49 to TL 9.60 per share on May 29, 2018. Following the transaction, the Company’s share in Vestel Beyaz Eşya stands at 94.65%.

Vestel Elektronik Sanayi ve Ticaret AŞ bought Vestel Beyaz Eşya Sanayi ve Ticaret AŞ (“Vestel Beyaz Eşya”) shares in the stock market with a nominal value of TL 54,847 at a price range of TL 9.38 to TL 9.50 per share on May 28, 2018. Following the transaction, the Company’s share in Vestel Beyaz Eşya reached 94.65%.

Pursuant to our material event disclosures dated 13.07.2017 and 10.10.2017; as part of its investment strategy, Vestel Elektronik decided to abondon it plans to sell up to 5% share in Vestel Beyaz Eşya Sanayi ve Ticaret AŞ as per the “Memorandum of Information”, which which was prepared for the planned share sales and approved by the Capital Markets Board on October 10, 2017. Vestel Elektronik Sanayi ve Ticaret AŞ will make the necessary public announcements on future transactions in Vestel Beyaz Eşya shares, which could be realized depending on the Company’s investment strategy.

Vestel Elektronik Sanayi ve Ticaret AŞ’s Ordinary General Assembly Meeting for 2017, which was held on May 9, 2018, has been registered by İstanbul Trade Registry Office on May 14, 2018.

At its meeting on 10.05.2018, the Company’s Board of Directors resolved to

• Appoint Mr. Bekir Ağırdır, Independent Member of the Board, as the Chairman of the Corporate Governance Committee and Mr. Mehmet Emre Zorlu, Board Member, and Ms. Serap Mutlu, Investor Relations Director, as the Committee members,
• Appoint Mr. Bekir Ağırdır, Independent Member of the Board, as the Chairman of the Audit Committee and Mr. Elmas Melih Araz, Independent Member of the Board, as the Committee Member,
• Appoint Mr. Elmas Melih Araz, Independent Member of the Board, as the Chairman of the Early Detection of Risk Committee and Mrs. Selen Zorlu Melik, Board Member, as the Committee Member.