Turkiye Garanti Bankasi A.S.: Announcement regarding Fitch Ratings

TO: Investment Community FROM : Garanti BBVA / Investor Relations SUBJECT: Announcement regarding Fitch Ratings   DATE: Jan 29, 2026   The international rating agency Fitch Ratings has affirmed on January 28, 2026, Garanti BBVA's Long-Term Foreign Currency and Local Currency IDRs at "BB-", and revised outlook to Positive from Stable. Additionally, Fitch Ratings kept stable Garanti BBVA's Viability Rating at "bb-".   Bank’s current ratings are as follows:  

Fitch (28 January 2026)	Current	Previous
Long Term FC IDR	BB- / Positive Outlook	BB- / Stable Outlook
Short Term FC IDR	B	B
Long Term TL IDR	BB- / Positive Outlook	BB- / Stable Outlook
Short Term TL IDR	B	B
Viability Rating	bb-	bb-
Shareholder Support	bb-	bb-
Long Term Senior unsecured notes	BB-	BB-
Short Term Senior unsecured notes	B	B
Subordinated notes	B+	B+

  *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: investorrelations@garantibbva.com.tr www.garantibbvainvestorrelations.com