Resolution of the Board of Directors regarding the Capital Increase | 26/02/2010

26.02.2010

Resolution of the Board of Directors regarding the Capital Increase.

Date of the Resolution of the Board of Directors : 26/02/2010
The Upper Limit of the Current Registered Capital : 1.000.000.000,00
Paid in / Issued Capital before the Capital Increase (TL) : 600.000.000,00
Paid in / Issued Capital after the Capital Increase (TL) : 700.000.000,00
Amount of Capital Increase through Rights Issue (TL) : 0
Amount of Capital Increase with Subscription Privilege (TL) : 0
Amount of Capital Increase with Limited Subscription Privilege (TL) : 0
Ratio of Subscription Privilege (%) : 0
Price of Subscription Privilege (for each share with 1TL nominal value) (TL) : 0
Limitation for Use of Subscription Privileges : N/A
Explanation for Sales of Such Shares, of which Subscription Privileges are Limited : -
Explanation for Subscription of Unsold Shares : -
Amount of Capital Increase through Bonus Issue (TL) : 100.000.000,00
Amount of Capital Increase through Dividends (TL) : 85.000.000,00
Amount of Capital Increase through Indigenous Resources (TL) : 15.000.000,00
Amount of Capital Increase through Extraordinary Reserves (TL) : 15.000.000,00
Ratio of Capital Increase through Bonus Issue (%) : 16,67
Amount to be Increased Owing to Merger through Acquisition (TL) : 0
Information on Amendment of Articles of Association (if any) : N/A

Our Bank’s Board of Directors, at its Meeting held on 26.02.2010, has resolved as follows,

“Our Bank’s paid-in capital amounting to 600.000.000 TL is to be increased to 700.000.000 TL by a total of 100.000.000 TL increase within its registered capital upper limit amounting to 1.000.000.000 TL; 85.000.000 T.L out of the abovementioned capital increase is to be covered by the profit of 2009 pursuant to the Resolution of the General Meeting, the remainder 15.000.000.T.L. is to be covered by the extraordinary reserves and distributed to our shareholders as the book-entry bonus shares; and the General Directorate is to be furnished with authority in order that it may apply to the relevant authorities and effect the procedures relating to the said capital increase and carry out any and all operations and procedures required by legislation.”

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