Summary Info	CMB Approval of the Debt Instrument Issuance Ceiling
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No

Authorized Member Decision Date	03.06.2021
Issue Limit	30.000.000.000
Currency Unit	TRY
Issue Limit Security Type	Debt Securities
Sale Type	Public Offering-Private Placement-Sale To Qualified Investor
Domestic / Oversea	Domestic
Capital Market Board Application Date	09.06.2021
Capital Market Board Application Result	APPROVAL
Capital Market Board Approval Date	08.07.2021
Expiry Date of Issue Limit	08.07.2022

Additional Explanations

Reference: VakıfBank Public Disclosure Dated June 09, 2021 It was announced with the referred disclosure that the applications to the CMB and the Borsa Istanbul A.S. had been completed for issuance ceiling of Turkish Lira-denominated bonds up to 30,000,000,000-TL in one or more issuances. In this context, the announcement was made in Capital Market Board dated 08.07.2021 and numbered 2021/35, regarding VakıfBank debt instruments of TL 30,000,000,000 were approved by the issuer of the issuance tender. According to CMB legislation, in case of a contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.