VESTEL ELEKTRONİK SANAYİ VE TİCARET A.Ş. (Finansal Duran Varlık Satışı)

Within the framework of the Company's investment policies and strategies, it has been resolved to sell all of the shares held by our Company in the capital of our subsidiary, Türkiye'nin Otomobili Girişim Grubu Sanayi ve Ticaret A.Ş. (TOGG), representing 23% of TOGG's share capital and having a nominal value of TRY 1,665,550,520, together with all rights, liabilities and obligations attached thereto, to Türkiye Varlık Fonu for a consideration of EUR 184,000,000. The closing of the transaction will be completed through the transfer of the shares upon fulfillment of the necessary approvals and all other legal requirements relating to the aforementioned sale, provided that the entire share transfer consideration is paid on the closing date.

Although the aforementioned sale of the financial non-current asset qualifies as a "Material Transaction" as a result of the assessment conducted pursuant to Articles 4/1(c) and 6 of the Capital Markets Board's Communiqué No. II-23.3 on Material Transactions and Appraisal Right (the "Communiqué"), no appraisal right shall arise in connection with the transfer of assets to a non-related party, since at least 90% of the funds to be obtained will be used, within thirty days from the date of receipt, to repay due and payable obligations arising from cash bank loans, free from any sham transactions or collusion, with a view to strengthening the Company's financial structure, in accordance with Article 15/(ı) of the Communiqué.