Summary Info	Board of Directors' Proposal for Dividend Distribution
Update Notification Flag	No
Correction Notification Flag	No
Postponed Notification Flag	No

Decision Date	03.05.2023
Type of Cash Dividend Payment	Cash Dividend Will Not Be Paid
Currency Unit	TRY
Stock Dividend	Will Not Be Paid

Cash Dividend Payment Amount and Rates

Share Group Info	Payment	Cash Dividend To Be Paid For Share With Par Value of 1 TL - Gross (TL)	Cash Dividend To Be Paid For Share With Par Value of 1 TL - Gross (%)	Withholding Rate (%)	Cash Dividend To Be Paid For Share With Par Value of 1 TL - Net (TL)	Cash Dividend To Be Paid For Share With Par Value of 1 TL - Net (%)
VESTL, TRAVESTL91H6		0,0000000	0	0	0,0000000	0

Amount and Rate of Cash Dividend Stock Dividend Payment

Share Group Info	Amount of Stock Dividend (TL)	Rate of Stock Dividend (%)
VESTL, TRAVESTL91H6	0	0

Additional Explanations

The Board of Directors Vestel Elektronik Sanayi ve Ticaret Anonim Şirketi has made the following decisions.

Vestel Elektronik Sanayi ve Ticaret AŞ recorded TL 856,747,000 of net profit in its consolidated financial statements prepared within the framework of the "Communiqué on the Principles of Financial Reporting in Capital Markets" numbered II-14.1 and in compliance with the Turkish Accounting Standards/Turkish Financial Reporting Standards and audited by KPMG Bağımsız Denetim ve Serbest Muhasebecilik Mali Müşavirlik AŞ, and TL 370,471,820 of net profit in its statutory financial statements prepared in accordance with the Turkish Commercial Code No. 6102 and Tax Procedure Law No. 213.

Taking into account the conditions stipulated in the Company's Dividend Distribution Policy and considering the current economic environment; the Company's long-term strategies and investment, liquidity and financing policies as well as the long-term interests of shareholders, employees and the Company, the Board resolved to propose not to make any profit distribution and after setting aside the required amount of TL 97,283,602 as special reserves as per the Article 5/1-e of the Corporate Tax Law No. 5520, to transfer the remaining amount of TL 273,188,218 to extraordinary reserves in order to strengthen the financial structure of the Company and to prevent new financing needs. This proposal will be submitted to the approval of shareholders at the Annual General Meeting for the year 2022.

This statement was translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.

Supplementary Documents

Appendix: 1	Vestel Elektronik Kar Payı Dağıtım Tablosu.pdf
Appendix: 2	Vestel Elektronik Dividend Distribution Table.pdf

DIVIDEND DISTRIBUTION TABLE

VESTEL ELEKTRONİK SANAYİ VE TİCARET A.Ş. 01.01.2022/31.12.2022 Period Dividend Payment Table (TL)

1.Paid-In / Issued Capital	335.456.275
2. Total Legal Reserves (According to Legal Records)	301.487.375
Information on privileges in dividend distribution, if any, in the Articles of Association:	None

*	Based on CMB Regulations	Based on Legal Records
3. Current Period Profit	314.648.000	370.471.820
4. Taxes Payable (-)	-542.099.000	0
5. Net Current Period Profit	856.747.000	370.471.820
6. Losses in Previous Years (-)	0	0
7. Primary Legal Reserve (-)	0	0
8. Net Distributable Current Period Profit	856.747.000	370.471.820
Dividend Advance Distributed (-)	0	0
Dividend Advance Less Net Distributable Current Period Profit	0	0
9. Donations Made During The Year ( + )	739.645	739.645
10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated	857.486.645	371.211.465
11. First Dividend to Shareholders	0	0
* Cash	0	0
* Stock	0	0
12. Dividend Distributed to Owners of Privileged Shares	0	0
13. Other Dividend Distributed	0	0
* To the Employees	0	0
* To the Members of the Board of Directors	0	0
* To Non-Shareholders	0	0
14. Dividend to Owners of Redeemed Shares	0	0
15. Second Dividend to Shareholders	0	0
16. Secondary Legal Reserves	0	0
17. Statutory Reserves	0	0
18. Special Reserves	0	97.283.602
19. Extraordinary Reserves	0	273.188.218
20. Other Distributable Resources	0	0

Dividend Rate Table Explanations