[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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[VAKFN]
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English
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Material Event Disclosure General
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Vakıf Finansal Kiralama A.Ş., the listed subsidiary of VakıfBank, has announced its decision on Public Disclosure Platform on 14.12.2023 regarding the increase of its paid-in capital from TL 1,000,000,000 to TL 2,000,000,000 by increasing TL 1,000,000,000 (100%) with rights issue.
Accordingly, VakıfBank's Board of Directors took the following decisions on the meeting dated December 14, 2023 and authorized the Head Office within this scope;
To fully exercise the rights of first refusal and pay for the shares pro rata to Vakıf Finansal Kiralama A.Ş. ownership structure,
In case when existing shareholders do not prefer to exercise their rights of first refusal, VakıfBank will be buying those shares with a nominal value not lower than TL 1,00,
Additionally, if the new subscription rights are not fully exercised within the 15-day subscription period and the remaining shares are not sold on the Borsa Istanbul Primary Market, it is declared and committed to by our Bank that, in any case, within three business days from the end date of the sale period, our Bank will be buying those shares by fully and in cash paying at least 1 TL nominal value per share based on the average of the public offering price.
According to CMB legislation, in case of a contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.