Financial Fixed Asset Sales | 21/02/2013

21.02.2013

About utilization of sale profit obtained from the sale of tangible assets

Date of the Resolution of the Board of Directors regarding the Sale : 26.12.2012

Title of the Tangible Asset sold

: İş Yatırım Ortaklığı A.Ş.
Activity Scope of the Tangible Asset sold :

Management of portfolios consisting of capital market instruments and precious metals

Activity Scope of the Tangible Asset sold

: 160.599,284,00 TL
Completion Date : 11.02.2013

Sales Term

: Cash

Nominal Value of Shares Sold

: 2.297.411,00 TL
Unit Price of Share Certificates : 1,23 TL

Total Amount

: 2.825.815,53 TL
Ratio of the Shares Sold to the Share Capital of the Sold Tangible Asset ( %) : %1,43

Participation Share in the Tangible Asset after the Sale (%)

: %5,82

Ratio of the Total Voting Rights in the Tangible Asset after the Sale to the Total Voting Rights of the Tangible Asset (%)

: %0,00007

The Ratio of the Tangible Asset Sold to the Total Assets indicated in the latest Disclosed Financial Table of the Company (%)

: %0,02337

Effect on the activities of the company

: None

Profit/Loss Amount as a Result of the Sale

: 643.275,08 TL (accounting profit)
Amount of Sale Profit/Loss of the Tangible Asset :

The Board of Directors of our Bank resolved that 394,146.37 TL equaling to 75% out of the total sale profit equaling to 525,528.49 TL acquired from the sale of a Subsidiary shall be kept in a special account under the liabilities in order to be used, if and when necessary for capital increase as per Article 5(1)e of the Corporate Tax Law.

If any, how such Sale Profit will be utilized

: 21.02.2013
Name/Surname of the Buyer : İş Yatırım Menkul Değerler A.Ş.

Relation of the Buyer

:

İş Bankası group company

Appraisal Method of the Tangible Asset’s Value

:

Has been determined by the parties according to the market price and the General Notice of İMKB for Foundation and Operation of the Wholesale Market

Has an Appraisal Report been issued

: Not

If not, reason thereof

:

Wholesale Market transactions that will not cause transfer of the company management.

Amount indicated on the Appraisal Report

: -

Has the sale transaction been carried out according to the results indicated on the Appraisal Report / If not, the reasons thereof:

: -

The resolution of the Board of Directors of our Bank regarding the utilization of the sales profit of the tangible asset disclosed on 11.02.2013.

2,297,411 A group shares belonging to our bank, forming 1.43% of the total share capital of İş Yatırım Ortaklığı A.Ş. equal to 160,599,284.00 TL has been sold to İş Yatırım Menkul Değerler A.Ş. according to the pricing principlas indicated in the General Notice of İMKB for Foundation and Operation of the Wholesale Market

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