Resolution of the Board of Directors on Capital Increase | 27/02/2012

27.02.2012

Regarding the Resolution of the Board of Directors on Capital Increase.

Date of the Resolution of the Board of Directors : 27/02/2012
The Upper Limit of the Current Registered Capital (TL) : 1.000.000.000,00
Paid in / Issued Capital before the Capital Increase (TL) : 800.000.000,00
Paid in / Issued Capital after the Capital Increase (TL) : 1.100.000.000,00
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 : Yok
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) : 300.000.000,00
Amount of Capital Increase through Dividends (TL) : 137.000.000,00
Amount of Capital Increase through Indigenous Resources (TL) : 163.000.000,00
Amount of Capital Increase through Extraordinary Reserves (TL) : 163.000.000,00
Ratio of Capital Increase through Bonus Issue (%) : 37,50
Amount to be Increased Owing to Merger through Acquisition (TL) : 0
Information on Amendment of Articles of Association (if any) : Amendment to the 5th Article, titled “the Capital”, of the Bank’s Articles of Incorporation, with respect to the increase of the Upper Limit of the Bank’s Registered Capital from 1.000.000.000 T.L. to 2.500.000.000 T.L. shall be submitted to the General Meeting for approval.

The Bank’s Board of Directors, at its Meeting held on 27.02.2012, has resolved as follows:
“Upper limit of the Bank’s registered capital amounting to 1.000.000.000.- TL shall be increased to 2.500.000.000.- TL, being subject to the approval of the General Meeting; subsequently its paid-in capital amounting to 800.000.000.- TL shall be increased to 1.100.000.000.- TL by an increase of 300.000.000.- TL; 137.000.000 T.L out of the abovementioned capital increase shall be covered by the profit of 2011 pursuant to the Resolution of the General Meeting, the remainder 163.000.000.T.L. shall be covered by the extraordinary reserves and distributed to our shareholders as the book-entry bonus shares; and the General Directorate shall 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 transactions required by legislation.”

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