Arçelik Anonim Şirketi

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Arçelik Anonim Şirketi http://www.oblible.com IMPORTANT NOTICE THIS OFFERING IS AVAILABLE ONLY TO INVESTORS WHO ARE EITHER (1) QIBS (AS DEFINED BELOW) OR (2) PERSONS OTHER THAN US PERSONS (AS DEFINED IN REGULATION S UNDER THE US SECURITIES ACT OF 1933, AS AMENDED (THE ‘‘SECURITIES ACT’’)) LOCATED OUTSIDE OF THE UNITED STATES. IMPORTANT: You must read the following disclaimer before continuing. The following disclaimer applies to the attached offering circular (the ‘‘Document’’) following this page and you are therefore advised to read this disclaimer carefully before reading, accessing or making any other use of the attached Document. In accessing the attached Document, you agree to be bound by the following terms and conditions, including any modifications to them from time to time, each time you receive any information from the Company or the Joint Lead Managers (as defined in the Document) as a result of such access. NOTHING IN THIS ELECTRONIC TRANSMISSION CONSTITUTES AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DO SO. THE NOTES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE SECURITIES ACT, OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR OTHER US JURISDICTION, AND THE NOTES MAY NOT BE OFFERED OR SOLD, DIRECTLY OR INDIRECTLY, WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, US PERSONS (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT) EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND APPLICABLE STATE OR LOCAL SECURITIES LAWS. PROSPECTIVE PURCHASERS THAT ARE QIBS ARE HEREBY NOTIFIED THAT THE SELLER OF THE NOTES MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PURSUANT TO RULE 144A. THE ATTACHED DOCUMENT MAY NOT BE FORWARDED OR DISTRIBUTED TO ANY OTHER PERSON AND MAY NOT BE REPRODUCED IN ANY MANNER WHATSOEVER AND, IN PARTICULAR, MAY NOT BE FORWARDED TO ANY US ADDRESS. ANY FORWARDING, DISTRIBUTION OR REPRODUCTION OF THIS DOCUMENT IN WHOLE OR IN PART IS UNAUTHORISED. FAILURE TO COMPLY WITH THIS DIRECTIVE MAY RESULT IN A VIOLATION OF THE SECURITIES ACT OR THE APPLICABLE LAWS OF OTHER JURISDICTIONS. IF YOU HAVE GAINED ACCESS TO THIS TRANSMISSION CONTRARY TO ANY OF THE FOREGOING RESTRICTIONS, YOU ARE NOT AUTHORISED AND WILL NOT BE ABLE TO PURCHASE ANY OF THE SECURITIES. Confirmation of your representation: In order to be eligible to view the attached Document or make an investment decision with respect to the securities being offered, prospective investors must be either (1) Qualified Institutional Buyers (‘‘QIBs’’) (within the meaning of Rule 144A (‘‘Rule 144A’’) under the Securities Act) or (2) a person other than a US person (as defined in Regulation S under the Securities Act) located outside the United States. This Document is being sent to you at your request, and by accepting the email and accessing this Document you shall be deemed to have represented to the Company and the Joint Lead Managers that (1) either (a) you and any customers you represent are QIBs or (b) you are a person other than a US person (as defined in Regulation S under the Securities Act) located outside the United States and you are purchasing the securities being offered in an offshore transaction (within the meaning of Regulation S under the Securities Act) and the electronic mail address that you gave us and to which this email has been delivered is not located in the United States, its territories and possessions, any State of the United States or the District of Columbia and (2) you consent to delivery of such Document by electronic transmission. You are reminded that this Document has been delivered to you on the basis that you are a person into whose possession this Document may be lawfully delivered in accordance with the laws of the jurisdiction in which you are located and you may not, nor are you authorised to, deliver or disclose the contents of this Document to any other person. The materials relating to this offering of securities do not constitute, and may not be used in connection with, an offer or solicitation in any place where offers or solicitations are not permitted by law. If a jurisdiction requires that this issuance of securities be made by a licensed broker or dealer, and the Joint Lead Managers or any affiliates of the Joint Lead Managers are licensed c108071pu005Proof5:26.3.13_10:17B/LRevision:0OperatorDavS http://www.oblible.com brokers or dealers in the relevant jurisdiction, this offering shall be deemed to be made by the Joint Lead Managers or such affiliates on behalf of the Company in such jurisdiction. The attached Document may only be distributed to, and is only directed at (a) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the ‘‘Order’’), (b) high net worth bodies corporate falling within Article 49(2) of the Order, and (c) any other persons to whom it may otherwise lawfully be communicated (all such persons together being referred to as ‘‘relevant persons’’). Any person who is not a relevant person should not act or rely on this Document or any of its contents. The attached Document has been sent to you in an electronic form. You are reminded that documents transmitted via this medium may be altered or changed during the process of electronic transmission and consequently none of the Company or the Joint Lead Managers, any person who controls them or any director, officer, employee or agent of them or affiliate of any such person accepts any liability or responsibility whatsoever in respect of any difference between the Document distributed to you in electronic format and the hard copy version available to you on request from the Joint Lead Managers. c108071pu005Proof5:26.3.13_10:17B/LRevision:0OperatorDavS OFFERING CIRCULAR ARC¸ELIK A.S¸. (Incorporated under the laws of the Republic of Turkey) US$500,000,000 5.000 per cent. Notes due 2023 Issue Price: 99.031 per cent. Arc¸elik A.S¸., a joint stock company (the ‘‘Company’’ or ‘‘Issuer’’), is issuing US$500,000,000 5.000 per cent. Notes due 2023 (the ‘‘Notes’’). The Notes have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘‘Securities Act’’), or the securities or ‘‘blue sky’’ laws of any state of the United States of America (‘‘United States’’ or ‘‘US’’), the United Kingdom or any other jurisdiction, and are being offered: (a) for sale in the United States (the ‘‘US Offering’’) to qualified institutional buyers only (each a ‘‘QIB’’) as defined in, and in reliance upon, Rule 144A under the Securities Act (‘‘Rule 144A’’) and (b) for sale to non-US persons (as defined in Regulation S under the Securities Act (‘‘Regulation S’’)) outside the United States (the ‘‘International Offering’’ and, with the US Offering, the ‘‘Offering’’) in reliance upon Regulation S. Prospective purchasers that are QIBs are hereby notified that the seller of the Notes may be relying on the exemption from the provisions of Section 5 of the US Securities Act pursuant to Rule 144A. Investors in the Notes will be deemed to have made or be required to make certain representations and warranties in connection with purchasing the Notes. For a description of certain restrictions on sale and transfer of investments in the Notes, see ‘‘Plan of Distribution’’, ‘‘Selling Restrictions’’ and ‘‘Transfer Restrictions’’ herein. INVESTING IN THE NOTES INVOLVES RISKS. PROSPECTIVE INVESTORS SHOULD CONSIDER THE FACTORS SET FORTH UNDER ‘‘RISK FACTORS’’ BEGINNING ON PAGE 21 OF THIS OFFERING CIRCULAR. Interest on the Notes will be paid in arrear on the third day of each April and October; provided that, if any such date is not a Business Day (as defined below), then such payment will be made on the next Business Day. Principal of the Notes is scheduled to be paid on 3 April 2023, but may be paid earlier under certain circumstances as further described herein. The Notes initially will be sold to investors at a price equal to 99.031 per cent. of the principal amount thereof. For a more detailed description of the Notes, see ‘‘Conditions of the Notes’’. This Offering Circular (the ‘‘Offering Circular’’) has been approved by the Central Bank of Ireland, as competent authority under Directive 2003/71/EC (the ‘‘Prospectus Directive’’) as amended (which includes the amendments made by Directive 2010/73/EU to the extent that such amendments have been implemented in a relevant Member State of the European Economic Area). The Central Bank of Ireland only approves this Offering Circular as meeting the requirements imposed under Irish and EU law pursuant to the Prospectus Directive. Application has been made to the Irish Stock Exchange for the Notes to be admitted to the Official List and to trading on its regulated market (the ‘‘Main Securities Market’’). Such approval relates only to the Notes which are to be admitted to trading on a regulated market for the purposes of Directive 2004/39/EC and/or which are to be offered to the public in any Member State of the European Economic Area. References in this Offering Circular to the Notes being ‘‘listed’’ (and all related references) will mean that the Notes have been admitted to the Official List and have been admitted to trading on the Main Securities Market. The Main Securities Market is a regulated market for the purposes of Directive 2004/39/EC. Application has been made to the Capital Markets Board of Turkey (the ‘‘CMB’’) in its capacity as competent authority under Law No.
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