Turkiye Garanti Bankasi A.S.: Regarding the Sale of Non-Performing Loans Portfolio

TO: Investment Community

FROM : Garanti BBVA / Investor Relations

SUBJECT: Regarding the Sale of Non-Performing Loans Portfolio

DATE: December 24, 2021

Our Bank has sold its non-performing loan portfolio receivables arising from credit cards, general purpose loans, overdraft loans and expenses in the total principal amount of 649.333.386,27 -TL as of October 26, 2021, to Gelecek Varlık Yönetim A.Ş. for a total consideration of TL 119.170.000,00; and non-performing portfolio commercial receivables arising from commercial loans,  credit cards,  cheque accounts, insuarance receivables, overdraft loans and expenses in the total principal amount of 542.602.530,62-TL  as of October 25, 2021 to Emir Varlık Yönetim A.Ş. for a total consideration of TL 42.100.000,00

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: [email protected]

www.garantibbvainvestorrelations.com