*** Turkey – Guidance ***

– Guidance set at 4.8% +/-5bps WPIR
– Books subject at 14.30 London / 9.30NY
4.5 bio

Issue
Issuer: Republic of Turkey
Ratings: Ba1 / – /BBB- (Moody’s/S&P/Fitch)
Format: SEC Registered Global Offering
Current Size: US$1.5bn
Tap Size: US$ Benchmark
Maturity: 9 October 2026
Coupon: 4.875%, S/A 30/360
Price Guidance: 4.900% area
Listing: Luxembourg Stock Exchange’s regulated market
Denoms: US$200k + US$1k
Docs: Issuer’s US Shelf Programme
ISIN: US900123CK49
Bookrunners: Citi, HSBC, JP Morgan(B&D)
Timing: Books open, pricing today