Public Disclosure | 17/05/2011

17.05.2011

Regarding Profit of Sales of the Tangible Asset

In our announcement dated 04.05.2011 about the Sale of the Tangible Asset, it has been declared that:

As a result of satisfaction of the debt in accordance with the Debt Settlement Protocol signed together with Merko Gıda Sanayi ve Ticaret A.Ş.; the real property of a vacant land kind that is 12.911,00 square meters located in the City of Yalova, Altınova District, Kaytazdere Village, the location called Okçapınarı, registered at Altınova Official Title Register under 32Ü11c section number and 3123 parcel number has been sold for 450.000 TL; and the real property of cold storage depot facilities and a polyester factory and the outbuilding thereof of massive stone construction with a yard those are 37.075,06 square meters in total and located in the City of Yalova, Altınova District, Kaytazdere Village, the location called Okçapınarı, registered at Altınova Official Title Register under 32ÜIIc section number and 3882 parcel number has been sold for 7.331.998 TL back to Merko Gıda Sanayi ve Ticaret A.Ş.

Our Bank’s Board of Directors, in its Meeting held on 17.05.2011, has resolved that the sale profit of the real property gained from the abovementioned sales transaction in accordance with the provisions of the Tax Procedure Law is 859.198 TL; and that 75% of such amount which is 644.398,50 TL shall be deposited in a special account in passive so as to be used also in a capital increase whenever required within the frame of the Corporate Tax Law, Article 5(1)e.

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