Istanbul, April 16, 2018

Announcement Regarding the Licensing Process of Paycell Limited Liability Company

With reference to our announcements dated September 21st, 2017, November 21st, 2017, January 22nd, 2018 and February 13th 2018, the application for payment infrastructure operator license of the financial company titled "Paycell LLC", established in Ukraine by our wholly owned subsidiary lifecell Limited Liability Company ("lifecell LLC") based in Ukraine, was made and the application preparation process for its local currency transfer license is ongoing.

Board Decision Date for Acquisition

Title of Non-current Financial Asset Acquired

Field of Activity of Non-current Financial Asset whose Shares were being Acquired

: : :

26.05.2017

Paycell Limited Liability Company ("Paycell LLC")

Financial services (e-money, money transfer, loans, leasing)

Capital of Noncurrent Financial Asset

Acquirement Way

: :

USD 2,000,000 (or equivalent in other currencies)

Establishment

Date on which the Transaction was/will be Completed

:

Once local currency transfer license is obtained.

Acquisition Conditions

Nominal Value of Shares Acquired

Purchase Price Per Share

Total Purchasing Value

Ratio of New Shares Acquired to Capital of Non-current Financial Asset (%)

: : : : :

-

- - - -

Total Ratio of Shares Owned in Capital of Non-current Financial Asset After Transaction (%)

:

-

Total Voting Right Ratio Owned in Non-current Financial Asset After Transaction (%)

:

-

Ratio of Non-current Financial Asset Acquired to Total Assets in Latest Disclosed Financial Statements of Company (%)

Effects on Company Operations

Did Takeover Bid Obligation Arise?

Will Exemption Application be Made, if Takeover Bid Obligation Arised?

Title/ Name-Surname of Counter Party

Relation with Counter Party if any

Value Determination Method of Non-current Financial Asset

:

-

: : :

-

No

: : :

No -

- -

Did Valuation Report be Prepared?

:

No

Reason for not Preparing Valuation Report if it was not Prepared

  • : Not required by the legislation.

Value Determined in Valuation Report if Exists

:

-

Reasons if Transaction wasn't/will not be performed in Accordance with Valuation Report

For more information: Turkcell Investor Relationsinvestor.relations@turkcell.com.tr Tel: + 90 212 313 1888

:

-

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Turkcell Iletisim Hizmetleri AS published this content on 16 April 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 16 April 2018 13:36:01 UTC