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Vestel Elektronik (VESD)

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Wednesday 24 October, 2007

Vestel Elektronik

Letter of Intent Signed

Vestel Elektronik Sanayi Ve Ticaret
24 October 2007

                            MATERIAL DISCLOSURE FORM

Company      : Vestel Elektronik Sanayi ve Ticaret A.S.
Address      : Zorlu Plaza 34840 Avcylar Istanbul
Tel          : +90 0212 4220000
Fax          : +90 0212 4220106

                                                          Date: 24 October 2007



A non-binding letter of intent has been signed on (23.10.2007) between our
company and Whirlpool Europe srl for commencing exclusive negotiations to
establish a joint venture company in equal proportion (50%-50%) and to transfer
our entire shares in Vestel Beyaz Esya Sanayi ve Ticaret A.S. (Vestel White
Goods Inc.) to the joint venture company to be established for the purpose of
strengthening commercial activities in foreign and domestic white goods markets
and developing cooperation in this respect. If as a result of negotiations
agreement should be reached for such cooperation, the parties will inform the
public of the further developments in accordance with the applicable

Vestel Elektronik Sanayi ve Ticaret A.S.

Cem Koksal
24 October 2007

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