Turkcell Iletisim Hizmetleri : 24.10.2016 | Announcement Regarding the Postponement of Global Tower's IPO

Istanbul, October 24, 2016

Subject: Statement made pursuant to Communique II-15.1 of the Capital Markets Board

Having considered the potential impacts of upcoming United States presidential election and FED's expected interest rate decision on the financial markets as well as the cyber-attacks, and in agreement with its major shareholder Turkcell, GlobalTower has postponed its initial listing on Borsa Istanbul for which the first trading day was planned for October 27, Thursday until the markets become more reliable and stable.

This announcement appears for information purposes only. It does constitute an offer to purchase or a solicitation of offers to purchase with respect to the securities described herein. The securities mentioned in this announcement have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act") or under the laws of any other jurisdiction outside of Turkey, and may not be offered or sold in the United States or any other jurisdiction outside of Turkey absent such registration or an applicable exemption from the registration requirements of the Securities Act or applicable local law. Neither Turktell nor Global Tower intends to register any portion of the planned offering in the United States or to conduct a public offering of securities in the United States or under the laws of any other jurisdiction outside of Turkey.

This communication does not constitute an offer of the securities referred to herein to the public in the United Kingdom. No prospectus has been or will be approved in the United Kingdom in respect of the securities. This communication is being distributed to and is directed only at (i) persons who are outside the United Kingdom or (ii) persons who are investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "Relevant Persons"). Any investment activity to which this communication relates will only be

available to and will only be engaged with, Relevant Persons. Any person who is not a Relevant Person should not act or rely on this communication or any of its contents.

Turkcell Investor Relations investor.relations@turkcell.com.tr Tel: + 90 212 313 1888

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