In the framework of permissions of Department of Implementation III of Banking Regulation and Supervision Authority dated 9 March 2016 and numbered E.3547 and General Directorate of Ministry of Customs and Trade of Republic of Turkey dated 10 March 2016 and numbered 50035491-431.02 and the aforementioned amendment has been registered on 4 April 2016 and announced in Trade Registry Gazette dated 8 April  2016 and numbered 9050.

The aforementioned amendment has been made in order to perform Board of Directors meetings of our Bank at any places and at any time determined by Board of Directors or in an electronic environment in Turkey and abroad.

Subparagraph of 17.10 of article 17 of our Bank’s Article of Incorporation having a heading as “Board of Directors of the Bank” has been amended.

FORMER TEXT

CURRENT TEXT

B. BOARD OF DIRECTORS ARTICLE 17 17.10.- Board of Directors meetings may be held at times and venues in Turkey or abroad as decided by the Board of Directors.

B. BOARD OF DIRECTORS ARTICLE 17 17.10.- Board of Directors’ Meetings may be held at times and venues in Turkey or abroad, or by electronic means as decided by the Board of Directors (“BoD”). Those who have the right to attend the Company’s BoD Meetings (“the right holders”) may attend such meetings by electronic means in accordance with TCC, Article 1527. Pursuant to the provisions of the “Communiqué on Electronic Assembly Meetings of Commercial Companies excluding General Assembly Meetings of Joint-Stock Companies”, the Company may set up or outsource an Electronic Meeting System to allow the right holders to electronically attend and vote in the BoD Meetings. The right holders shall be enabled to exercise their rights, which are specified in the relevant legislation, in the meetings using the system set up or outsourced pursuant to the provisions herein in accordance with the aforementioned Communiqué.