Our Company’s Board of Directors resolved that our wholly owned subsidiary Turkcell Finansman A.Ş. shall issue commodity trading-based lease certificates (sukuk) in accordance with capital markets legislation through an asset leasing company based in Turkey at an amount of up to TRY 1.5 billion, in Turkish Lira terms, with maturities up to 12 months, in the domestic market, in one or more tranches, without a public offering, as a private placement and/or to be sold to institutional investors. 

Our Company’s Board of Directors also resolved that our wholly owned subsidiary Turkcell Superonline İletişim Hizmetleri A.Ş. shall issue management agreement based lease certificates (sukuk) in accordance with capital markets legislation through an asset leasing company based in Turkey at a nominal value of up to TRY 3.0 billion, in Turkish Lira terms, with maturities up to 12 months, in the domestic market, in one or more tranches, without public offering, as private placement and/or to be sold to institutional investors.

The respective issuances are subject to the approval of Capital Markets Board.