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In line with Vestel's new growth plans and vision to strengthen its global position, the following changes will be implemented in the Company's sales and marketing organization and senior management, effective from December 1, 2023.

Seda Kaya, who joined Vestel Group of Companies in 1997 and has been serving as the General Manager in charge of International Sales at Vestel Ticaret AŞ since 2015, will leave our Company due to retirement.

As a part of Vestel's global brand expansion strategy, a new 'Marketing General Management' organization has been established, covering central brand management, product management, and a consolidated industrial design department. Nezihe Duygu Badem Uylukçuoğlu, who has been working at Vestel Group of Companies since 2010 and is currently the Deputy General Manager of Domestic Marketing, has been appointed as Chief Marketing Officer. Mrs. Uylukçuoğlu holds a bachelor's degree in Tourism Administration and a master's degree in Business Administration from Boğaziçi University. She has also completed Vestel's first MT program.

In line with a more focused and effective growth strategy in global markets, a geographical region-based structure is being introduced in sales operations. In this context;

Seçkin Mazlum Gençoğlu, who has been working at Vestel Group of Companies since 2000 and currently serves as the Deputy General Manager in charge of Product Management for White Goods, has been appointed as Chief Commercial Officer for the EMEA and Americas regions. Mr. Gençoğlu holds a bachelor's degree in Mechanical Engineering from Boğaziçi University and a master's degree in Business Administration from Koç University.

Tarık Hakan Leloğlu, who has been working at Vestel Group of Companies since 1997 and currently holds the position of Deputy General Manager in charge of Dealers and Retail Sales, has been appointed as Chief Commercial Officer for Türkiye, Central Asia, Iran, Iraq, Syria and Northern Cyprus regions. Mr. Leloğlu holds a bachelor's degree in Economics from Anadolu University and a master's degree in Management and Organization from Çukurova University.

Ulaş Özcan, who has been working at Vestel Group of Companies since 1998 and currently serves as the General Manager for Asia Operations, will also assume the role of the Chief Commercial Officer for the APAC region in addition to his existing duties. Mr. Özcan holds a bachelor's degree in Economics from Boğaziçi University.

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.