Istanbul, June 2, 2018

Announcement Regarding the Incorporation of a Company within the Framework of Turkey's Automobile Project

With reference to our announcement dated November 2, 2017, our Company decided to participate as a founding partner with a 19% shareholding ratio in "Türkiye'nin

Otomobili Girişim Grubu Sanayi ve Ticaret A.Ş.", which is planned to be incorporated to produce mainly electric passenger car and to carry out supporting activities within the framework of the Turkey's Automobile Project, following the work undertaken by Joint

Initiative Group, in which our Company is a party. In this respect, Shareholders Agreement and Articles of Association have been signed on May 31, 2018. Incorporation of the company will be completed following the completion of necessary procedures.

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

: : :

28.03.2018

Türkiye'nin Otomobili Girişim Grubu Sanayi ve Ticaret A.Ş.

To produce mainly electric passenger car and to carry out supporting activities

Capital of Noncurrent Financial Asset

Acquirement Way

Date on which the Transaction was/will be Completed

Acquisition Conditions

Nominal Value of Shares Acquired

Purchase Price Per Share

Total Purchasing Value

: : : : : : :

-

Incorporation

Transaction will be completed following the registry and announcement of the incorporation.

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- - -

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 Arised?

: :

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No

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

:

NoTitle/ Name-Surname of Counter Party

Relation with Counter Party if any

: :

-

-

Value Determination Method of Non-current Financial Asset

:

-Did Valuation Report be Prepared?

:

NoReason 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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Attachments

Disclaimer

Turkcell Iletisim Hizmetleri AS published this content on 02 June 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 02 June 2018 08:27:07 UTC