Koç Holding A.Ş.

Date : 02 February 2017

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

e-mail : investorrelations@koc.com.tr

Subject : Credit Ratings Review - S&P

Following the revision of outlook on Turkey from "stable" to "negative", international credit rating agency Standard & Poor's Ratings Services (S&P) made a review on Koç Holding's credit ratings. Consequently, the corporate credit ratings of Koç Holding have been confirmed unchanged at "BBB- " long-term, "A-3" short-term, all of which are "investment grade"; whereas the outlook has been revised to "negative", from "stable".

Further information related to credit ratings will be available on our website.

This statement has been 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 proclaim that our above disclosure is in conformity with the principles set down in "Material Events Communiqué" of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we're personally liable for the disclosures.

Koç Holding Investor Relations 1 / 1

Koç Holding AS published this content on 02 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 03 February 2017 07:01:01 UTC.

Original documenthttp://www.koc.com.tr/en-us/investor-relations/material disclosures documents/Credit Ratings Review – SP Feb17.pdf

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