Registration: 144A/Reg S; Comments: Yapi ve Kredi Bankasi AS (YKBNK) exp issue ratings Caa2/NR/B- (issuer ratings B2/NR/B+) US$ benchmark 144A/Reg S 10nc5 fixed rate resettable Tier 2 Notes due 1/22/31. BNP/BofA (B&D)/HSBC/MUFG/JPM/UniCredit joint books. Issuer call date: 1/22/26. The Notes are subject to loss absorption upon the occurrence of a “Non-Viability Event” (as may be determined by the BRSA) which may result in permanent write-down of the whole or part of the Notes, taking into account the absorption of losses by all junior obligations to the maximum extent possible or otherwise allowed by law and the pro-rata write-down with any other parity loss-absorbing instruments. UOP: General corporate purposes, which may include redemption of the Issuer’s outstanding USD 500mn fixed rate resettable Tier 2 Notes due 2026 (as of the date of the Preliminary Prospectus, no final decision has been reached as to whether or not to effect such redemption). Pricing today. Settle 1/22 (T+5). RESET MARGIN: CT5+741.5. Yapi ve Kredi Bankasi A.S. (“Yapi Kredi”, Ticker: YKBNK), rated B2 by Moody's and B+ by Fitch, the third largest private bank in Turkey by total assets, has mandated BNP Paribas, BofA Securities, HSBC, MUFG, J.P. Morgan and UniCredit Bank as Joint Lead Managers and Bookrunners to arrange a Global Investor Call today, 13 January, at 12.30 UKT / 13.30 CET / 07.30 EST, along with a series of fixed income investor calls. A USD-denominated benchmark 10NC5 years Rule 144A/Reg S Basel III compliant Tier 2 offering, expected to be rated Caa2 by Moody's and B- by Fitch, will follow subject to market conditions.FCA/ICMA stabilisation applies. MiFID II professionals/ECPs-only – Manufacturer target market (MiFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document has been prepared as not available to retail in EEA. UK MiFIR professionals/ECPs-only – Manufacturer target market (UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No UK PRIIPs key information document has been prepared as not available to retail in the UK.;