794c7835-b9d2-4dad-a11e-c5a38996f083.pdf

Koç Holding A.Ş.

Date : 22 July 2016

From : Koç Holding A.Ş. Investor Relations Tel : +90 216 531 0535 or 0533

e-mail : investorrelations@koc.com.tr

Subject : Credit Ratings Review

As a result of the downgrade of long-term foreign and local currency ratings on Turkey and assignment of a negative outlook, international credit rating agency Standard & Poor's Ratings Services made a review on Koç Holding's credit ratings. Consequently, the credit ratings of Koç Holding have been revised to "BBB-" long-term, "A-3" short-term; all of which are "investment grade". The outlook has been revised to "negative".

This statement was translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.

We hereby declare that our above statement is in conformity with the principles included in the Capital Market Board's Communiqué, Serial VIII No. 54, that it exactly reflects the entire information we received; that the information complies with our records, books and documents; that we have endeavored to obtain the correct and complete information relative to this subject and that we are responsible for the declarations made in this regard.

Koç Holding Investor Relations 1 / 1

Koç Holding AS published this content on 22 July 2016 and is solely responsible for the information contained herein.
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Original documenthttp://www.koc.com.tr/en-us/investor-relations/material disclosures documents/Credit Ratings Review SP.pdf

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