[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
oda_MaterialEventDisclosureGeneralAbstract|
Material Event Disclosure General
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Update Notification Flag
Evet (Yes)
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Correction Notification Flag
Hayır (No)
oda_DateOfThePreviousNotificationAboutTheSameSubject|
Date Of The Previous Notification About The Same Subject
14.03.2024, 19.04.2024, 26.04.2024, 01.05.2024, 08.05.2024, 10.05.2024, 15.05.2024, 16.05.2024, 03.06.2024
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Postponed Notification Flag
Hayır (No)
oda_AnnouncementContentSection|
Announcement Content
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Explanations
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Vestel Elektronik Sanayi ve Ticaret AŞ will undertake a USD 50 million tap issue to its existing USD 450 million Eurobond due 15.05.2029, which was issued to qualified investors abroad within the format of "Regulation S" and "Rule 144A" regulations and currently trades on the Irish Stock Exchange (Euronext Dublin) as announced with the Company's material event disclosures dated 14.03.2024, 19.04.2024, 26.04.2024, 01.05.2024, 08.05.2024, 10.05.2024, 15.05.2024, 16.05.2024 and 03.06.2024. The new bond will have a  5-year maturity, redemption date of May 15, 2029 and a coupon rate of 9.75% and will be placed abroad in accordance with the Regulation S. The issuance is planned to be completed on 13 June 2024 following the approval of the tranche issuance by the Capital Markets Board of Türkiye. JP Morgan Securities plc acted as the Sole Initial Purchaser in this transaction.

This statement has been 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.