Summary Info	About the application approval to CMB regarding the ceiling of debt securities issuance
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No

Authorized Member Decision Date	11.05.2023
Issue Limit	50.000.000.000
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	25.05.2023
Capital Market Board Application Result	APPROVAL
Capital Market Board Approval Date	21.06.2023
Expiry Date of Issue Limit	21.06.2024
Issue Date Of Prospectus	21.06.2023

Additional Explanations

Reference: VakıfBank Public Disclosure Dated May 25, 2023 It was announced with the referred disclosure that an application has been filed to Capital Markets Board and Borsa İstanbul A.Ş. to issue of bank bonds with different maturities and in one or more issuances within the issuance ceiling of TL 50,000,000,000 for the debt instruments. In this context the issuance ceiling application up to TL 50,000,000,000 for the debt instruments has been approved with the CMB's bulletin dated June 21, 2023 and numbered 2023/36. According to CMB legislation, in case of a contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail