Turkiye Garanti Bankasi A.S.: Local Mortgage-Covered Bond CMB Application

TO: Investment Community

FROM : Garanti BBVA / Investor Relations

SUBJECT: Local Mortgage-Covered Bond CMB Application

DATE: June 21, 2023

Reference: Public disclosure of Türkiye Garanti Bankası A.Ş. on 31.03.2023.

With the related public disclosure, it was announced that on its meeting held on 30.03.2023,  the Board of Directors has authorized the Head Office to take the necessary actions with regard to mortgage covered bond ("MCB") issuance transaction, in one or more issuances, in one or more issuances, with different series, maturities and amounts, and having fixed and/or floating interest rates to be determined at the issuance times in accordance with market conditions, to the extent that the relevant legislation allows, up to TL 5 billion in total , to be sold without public offering to qualified investors, inside Turkey. Within the context of the resolution mentioned above, the necessary application has been made to the Capital Markets Board.

*In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.

We declare that our above statements are in conformity with the principles included in the Board’s Communiqué, Serial II Nr.15.1, that it exactly reflects the information we received; that the information complies with our records, books and documents; that we did our best to obtain the correct and complete information relative to this subject and that we are responsible for the declarations made in this regard.

Yours sincerely,

Garanti BBVA

Contact Garanti BBVA Investor Relations:

Tel: +90 212 318 2352

Fax: +90 212 216 5902

E-mail: investorrelations@garantibbva.com.tr

www.garantibbvainvestorrelations.com