TURKIYE IHRACAT KREDI BANKASI A.$. LONG TERM EXPORT FINANCE GUARANTEE PROJECT ("LOAN AGREEMENT") Agreed Upon Procedures Report Long Term Export Finance Guarantee Project ("Loan Agreement') Guney Ba6insiz Denetim ve SMMM A Tel: +90 212 315 3000 Maslak Mah Eski B0yUkdere Cad Fax: +90 212 230 8291 Odin Maslak I§ Merkezi No: 27 ey.com Daire: 57 34485 Sanyer Ticaret Sicil No: 479920 Istanbul - TOrkiye Mersis No: 0-4350-3032-6000017 EY Building a better working world PRIVATE AND CONFIDENTIAL To the management of the Tirkiye Ihracat Kredi Bankast A.5. We have performed the procedures agreed with you and set out below with respect to Long Term Export Finance Guarantee Project Agreement dated June 26, 2020. Our engagement was undertaken in accordance with the International Standard on Related Services 4400 applicable to agreed-upon procedures engagements. The procedures were performed solely to assist you and are as follows: I. Recalculate whether 70 percent of the total credit over total loan agreements extended to credit customers of the Tirkiye Ihracat Kredi Bankasi A. 5. ("the Bank") as presented in the Attachment 1 are allocated to EOSME and 30 percent to EOMCE, respectively 2. Check maturity and utilization limits within loans agreements as presented in the Attachment 1 according to covenant criterias that are; > The maturity of the loans extended should be 2 years for working capital and 3 years for investment > The maximum limit of EOSME should be 3.5 million EUR and EOMCE should be 6 million EUR. 3. Obtain loan agreements and their cash flow statement of the credit customers extended loans as presented in the Attachment I with a utilization limit of EUR 2 million and above, and check according to covenant criterias that are; > Financial obligation/equity ratios (85:15) > Financial obligation service coverage ratios (1:1), as of the date of Sub-loan approval. 4. Obtain the ownership structure of the credit customers to whom loans extended as presented in the Attachment I and check at least 10 percent of the loans are to be extended to female participants. 5. Check on the approvals by 3RD for the first 2 loans extended as presented in the Attachment 1 via email, With respect to above agreed procedures, we report our findings below: 1. With respect to procedures described in number 1 above, It has been noted that the end-use target for the loans has not been reached yet. 2. With respect to procedures described in number 3 above, there is no any loan that extended reaches this balance. 3. With respect to procedures described in number 2,4 and 5 above , no exceptions are identified. A member 'irm of Ernsl & Young Glonal Limited EY Building a better working world Because the above procedures do not constitute either an audit or a review made in accordance with International Standards on Auditing or International Standards on Review Engagements (or relevant national standards or practices), we do not express any assurance on the findings as of December 31,2021. Had we performed additional procedures or had we perfonred an audit or review of the financial statements in accordance with International Standards on Auditing or International Standards on Review Engagements, we might have identified other issues that would be of relevance to you. Our report is solely for the purpose set forth in the first paragraph of this report and for your information and is not to be used for any other purpose or to be distributed to any other parties. This report relates only to the accounts and items specified above and does not extend to any financial statements of the Bank, taken as a whole. To the fullest extent permitted by law, we do not assume responsibility to anyone other than Tilrkiye thracat Kredi Bankasi A.S. for this report. V't 134nisi2enetini ve Serbest Muhasebeci Mali Mi§avirlik Anonim $irketi ,A mt-nbnerTiin of mst & Young Global Limited Partner 2 June 2022 Istanbul, Tarkiye Attachment 1. Financial Statements and Disclosures 2. Statements of Expenditures tAcJmeit 1- Summa3y Financial Sratewens and PIcosurs tur4 jcgc4t Kredi ?~ (EXIMBANK) hQÄ TAt Oppj Finance Qx_y,4y Pr.P171448 Summar of Use of Funds mof gl WieVr PVse4 31.12.2021 (EUR) ASSETS i'dýp9Opg Ey 4 tOQY[§j 170.449.31717 s Lca tpEge..- Q 125.573.000.96 Total &wgg to Eximbank Cust,s 296.022.318.13 Total ;y gd but notÄI' . FiUa egie 1917 S54,23 tIW R%4 12.906S.2764 TOTAL ASSETS 500.000.000.00 LIABUITIES e dReiyd, frop Commercial Landers 500.000.000,00 TOTAL LIABILITIES 500.000.000.00 Attcientý l- ýjIMRIry Financial S,tateýments aind Disdoure _Turkye figrcaj Kredi Bankai (EXIMBANK) IBRD Long Terml Export Finance g t Project- P17148 S (>p) f Emof kypds for the Yx-ended 31.12.2021 (EUR> Total ,yuhFinance EOSME 4ediZ c ,%eja~r X.--a-W Pgø. e oAte0 Total EOSME Lgdig- 49.550.567.411 166.949.317,17 170.449.317,17 Total,$uh-Finance Total L,eidiug Wome u i O 19.237.175,75 51.757.524,66 53.657.524,66 % of WIF in EOSME kf ng 39% 31% 31% Total $jb-Finance New FQ M1g: Sageskq Par t oe &Le- a Total k 9 1.000.000,00 12.759.243,58 12.759.243.58 Total $»Jb-Finance EOMCE (cv,a (atigyA4) m Total EOMCE JL0nigg 22.502.315,88 123.673.000,96 125.573.000.96 Total ý»~Finance Total l,eidin- o e 7.000.000,00 55.313.319,66 55.313.319,66 % of WIF in EOMCE L ending 31% 45% 44% Total »i-Finance New QMg j_____ Total L, t. 4 9 f,N 0,00 2.000.000,00 2.000.000.00 Total k gg 72.052.883,29 290.622.318,13 296.022.318,13 % of WIF in Total J din4jg 36% 37% 37%