ARÇELİK A.Ş. Finansal Duran Varlık Satışı 21 Nisan 2026

A share purchase agreement ("Agreement") has been signed for the purpose of selling the shares representing 60% of the share capital of Arçelik Hitachi Home Appliances B.V. ("Arçelik Hitachi"), which is owned by our Company, to Hitachi Global Life Solutions, Inc. ("Hitachi"), the other shareholder of Arçelik Hitachi.

The total transaction consideration consists of USD 205,000,000 to be received in cash at closing, and deferred payments totalling USD 56,000,000 to be received in instalments over a three-year period following the closing. In addition, as of the closing date, 60% of Arçelik Hitachi's existing cash exceeding USD 56,000,000 will be added to the total consideration as a closing adjustment.

On the other hand, Hitachi envisages restructuring all of its home appliance operations, including its shares in the share capital of Arçelik Hitachi, ultimately within the framework of a strategic partnership to be established with Nojima Corporation, and within this scope, will transfer, in addition to the Agreement and other assets, its 40% shareholding in the share capital of Arçelik Hitachi to a newly established company (the "New Company") through a partial spin-off, and subsequently will transfer the majority of the shares it will hold in the New Company to a subsidiary of Nojima Corporation. Accordingly, it is envisaged that the 60% shareholding held by our Company in Arçelik Hitachi will ultimately be purchased by the New Company, which will be under the indirect control of Nojima Corporation. Within this scope, the closing of the transaction is subject to certain conditions precedents, including but not limited to the obtaining of the required approvals (including those to be obtained from the competition authorities in the relevant countries), and to the completion of the share transfer to the subsidiary of Nojima Corporation to be carried out by Hitachi. Nevertheless, in the event that the closing conditions relating to Nojima Corporation cannot be fulfilled, the shares held by Arçelik shall be purchased by Hitachi.

Upon the execution of the Agreement, the share purchase and sale options between Arçelik and Hitachi disclosed in the material event disclosure dated 16.12.2020 shall become invalid subject to the terms of the Agreement, and the Joint Venture Agreement between the parties shall also be terminated following the closing.

Under the Agreement, a total of 12 subsidiaries operating under the roof of Arçelik Hitachi will be transferred, including 1 manufacturing facility and 1 R&D center in China, and 2 manufacturing facilities and 1 R&D center in Thailand.

It is envisaged that the closing of the transaction will be completed within 12 months following the signing of the Agreement, and if the transaction is not completed within this period, the parties will have the right to terminate the Agreement.

The disclosure of the memorandum of understanding dated 11.03.2026 with respect to this transaction was postponed pursuant to the Communiqué on Material Events on the grounds that a binding transaction had not yet been materialized, that any disclosure to be made could have weakened our Company's bargaining position or harmed its reputation if a binding agreement was not executed, and that investors could be misled. As these grounds have ceased to exist upon the execution of the binding agreement regarding the transaction, this disclosure is made.

Material developments regarding the matter will be disclosed to the public.

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.