Resolution of the Board of Directors on Distribution of Profit Shares | 27/02/2012

27.02.2012

Regarding the Resolution of the Board of Directors on Distribution of Profit Shares.

Date of the Resolution of the Board of Directors : 27/02/2012
Accounting Period of the Profit Share, which will be Offered to be Distributed : 2011
Total of Profit Share, which will be Offered to be Distributed as Shares (TL) : 137.000.000,00
In the Capital, Percentage of Profit Share, which will be Offered to be Distributed as Shares (%) : 17,13
Total of Gross Profit Share which will be Offered to be Distributed in Cash (TL) : 45.000.000,00
Profit Share to be Distributed in Cash to each Share, with 1TL Nominal Value, transacted in the Exchange :
Gross (TL) : 0,05625
Net (TL) : 0,04781
Distribution Date to be Offered : Date of the distribution of cash dividends to be proposed to the General Meeting is 28.03.2012

Our announcement about the Resolution of the Board of Directors on Distribution of Profit Shares, on 27.02.2012 at 18:10:56 hours, is sent again without making any amendment, other than the explanation added against the “Distribution Date to be Offered”, in the explanations as follows:

The Bank’s Board of Directors, at its Meeting held on 27.02.2012, has resolved as follows:
“The net profit of 2011 amounting to 255.341.844,22.- TL shall be distributed in accordance with the Bank’s Articles of Incorporation, Article 55 in a manner shown in the Profit Distribution Table enclosed herewith; subsequent to the increase of the upper limit of the Bank’s registered capital amounting to 1.000.000.000.- TL to 2.500.000.000.- TL, being subject to the approval of the General Meeting; 137.000.000.- TL shall be distributed through bonus issue to be used in the increase of the Bank’s paid-in capital amounting to 800.000.000.- to 1.100.000.000.- TL and the dividends as book-entry bonus shares shall be distributed following after the mentioned shares are registered by the Stock Market Board; and distribution of the cash dividends amounting to 45.000.000.- TL shall be commenced as of 28.03.2012 and the General Directorate shall be authorized accordingly and the proposal for the profit distribution shall be submitted to the Ordinary General Meeting for approval.”

The Profit Distribution Table of 2011 is enclosed herewith.

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