<SEC-DOCUMENT>0000947871-17-000979.txt : 20171130
<SEC-HEADER>0000947871-17-000979.hdr.sgml : 20171130
<ACCEPTANCE-DATETIME>20171130155920
ACCESSION NUMBER:		0000947871-17-000979
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20171130
FILED AS OF DATE:		20171130
DATE AS OF CHANGE:		20171130

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TURKCELL ILETISIM HIZMETLERI A S
		CENTRAL INDEX KEY:			0001071321
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			W8
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15092
		FILM NUMBER:		171231281

	BUSINESS ADDRESS:	
		STREET 1:		AYDINEVLER MAHALLESI INONU CADDESI NO 20
		STREET 2:		KUCUKYALI OFISPARK, MALTEPE
		CITY:			ISTANBUL
		STATE:			W8
		ZIP:			34854
		BUSINESS PHONE:		902123131244

	MAIL ADDRESS:	
		STREET 1:		AYDINEVLER MAHALLESI INONU CADDESI NO 20
		STREET 2:		KUCUKYALI OFISPARK, MALTEPE
		CITY:			ISTANBUL
		STATE:			W8
		ZIP:			34854
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>ss69834_6k.htm
<DESCRIPTION>REPORT OF FOREIGN PRIVATE ISSUER
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<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold">UNITED STATES SECURITIES AND EXCHANGE COMMISSION</div>

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<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Washington, D.C. 20549</div>

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<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold">FORM 6-K</div>

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<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold">REPORT OF FOREIGN PRIVATE ISSUER</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold">PURSUANT TO RULE 13a-16 OR 15d-16 UNDER</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold">THE SECURITIES EXCHANGE ACT OF 1934</div>

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<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Report on Form 6-K dated November 30, 2017</div>

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<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Commission File Number: 001-15092</div>

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<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 12pt; FONT-WEIGHT: bold">TURKCELL ILETISIM HIZMETLERI A.S.</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">(Translation of registrant&#8217;s name in English)</div>

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<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Ayd&#305;nevler Mahallesi &#304;n&#246;n&#252; Caddesi No:20</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold">K&#252;&#231;&#252;kyal&#305; Ofispark </div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold">34854 Maltepe<font style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt"><br>
</font>Istanbul, Turkey</div>

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<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">(Address of Principal Executive Offices)</div>

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<div style="TEXT-ALIGN: justify; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Indicate by check mark whether the registrant files or will file annual reports under cover of Form&#160;20-F or Form 40-F.</div>

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<div style="TEXT-ALIGN: center; MARGIN-LEFT: 18pt"><font style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Form 20-F </font><font style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#9746;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Form 40-F <font style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">&#9744;</font></font></div>

<div style="TEXT-ALIGN: justify; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: justify; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):</div>

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<div style="TEXT-ALIGN: center; MARGIN-LEFT: 18pt"><font style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Yes </font><font style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#9744;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold">No&#160;<font style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">&#9746;</font></font></div>

<div style="TEXT-ALIGN: justify; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: justify; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):</div>

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<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 18pt"><font style="FONT-SIZE: 10pt; FONT-WEIGHT: bold">Yes </font><font style="FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#9744;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="FONT-SIZE: 10pt; FONT-WEIGHT: bold">No&#160;<font style="FONT-SIZE: 10pt">&#9746;</font></font></div>

<div style="TEXT-ALIGN: justify; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: justify; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.</div>

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<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 18pt"><font style="FONT-SIZE: 10pt; FONT-WEIGHT: bold">Yes </font><font style="FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#9744;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="FONT-SIZE: 10pt; FONT-WEIGHT: bold">No&#160;<font style="FONT-SIZE: 10pt">&#9746;</font></font></div>

<div style="TEXT-ALIGN: justify; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: justify; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">If &#8220;Yes&#8221; is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- __________</div>

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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Enclosure: A press release dated November 29, 2017, regarding the Sale of Real Estate.</div>

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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Istanbul, November 29, 2017</div>

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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Announcement Regarding the Sale of Real Estate</div>

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<div style="TEXT-ALIGN: justify; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">At our Board of Directors&#8217; meeting dated November 29<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;LINE-HEIGHT: 1; FONT-SIZE: smaller; VERTICAL-ALIGN: text-top">th</sup>, 2017, the following was resolved with the full participation and unanimous votes of the independent members;</div>

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<div style="COLOR: #000000; FONT-SIZE: 10pt">for a better utilization of our assets within the scope of structuring within the group; to sell 20 real estate owned by our Company, details of which are listed in the enclosed table, to Turkcell Gayrimenkul Hizmetleri A.&#350;., <font style="FONT-SIZE: 10pt">an indirectly wholly-owned subsidiary, in return for a total of TRY 387,824,500, determined as a result of the valuations conducted by licensed valuation companies in accordance with capital market legislation;</font></div>
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<div style="COLOR: #000000; FONT-SIZE: 10pt">to assess that the respective sales transactions are not classified as &#8220;Significant Transaction&#8221; for reason that the thresholds given below as per Article 5 and 6 of the &#8220;Communiqu&#233; on Common Principles Regarding Significant Transactions and The Retirement Right&#8221; numbered II-23.1 of Capital Markets Board are not exceeded;</div>
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<div style="COLOR: #000000; FONT-SIZE: 10pt">the ratio of transaction value to the total of the assets in the financial statements most recently announced to the public (Consolidated financial statements as of September 30, 2017): transaction value is TRY 387,824,500, the total assets is TRY 32,321,873,000; 1.2%.</div>
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<div style="COLOR: #000000; FONT-SIZE: 10pt">the ratio of transaction value to the value of the company based on the mathematical average of the daily weighted average prices for the&#160; 6 months prior to the date of the Board of directors&#8217; resolution: value of the company based on the mathematical average of the daily weighted average prices for the 6 months prior to the date of the Board of Directors&#8217; resolution, which is November 29<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;LINE-HEIGHT: 1; FONT-SIZE: smaller; VERTICAL-ALIGN: text-top">th</sup>, 2017, is TRY 27,579,664,252 and the transaction value is TRY 387,824,500; 1.4%</div>
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<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Nature of Non-Current Asset Sold</div>
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<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Details for 20 real estate which are subject to sale are listed in the enclosed table</div>
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<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Location and Area of Non-current Asset Sold</div>
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<div style="FONT-SIZE: 10pt">:</div>
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<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Details for 20 real estate which are subject to sale are listed in the enclosed table</div>
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<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Board Decision Date for Sale</div>
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<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">29/11/2017</div>
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<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Were Majority of Independent Board Members&#8217; Approved the Board Decision for Sale?</div>
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<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Yes</div>
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<div style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 10pt; CLEAR: both" id="DSPFPageBreakArea">
<div style="TEXT-ALIGN: center" id="DSPFPageNumberArea"><font style="FONT-STYLE: normal; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: normal" id="DSPFPageNumber">2</font></div>

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<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Total Sales Value</div>
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<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">TRY 387,824,500</div>
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<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
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<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Ratio of Transaction Amount to Value of Company Based on the Mathematical Weighted Average on a Daily Basis, Six Months Prior to Date of Board Decision (%)</div>
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<div style="FONT-SIZE: 10pt">:</div>
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<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">1.4%</div>
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<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
<td style="WIDTH: 55.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Ratio of Sales Price to Paid-in Capital of Company (%)</div>
</td>
<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt">:</div>
</td>
<td style="WIDTH: 55.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; COLOR: #000000; FONT-SIZE: 10pt">17.6%</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
<td style="WIDTH: 55.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Ratio of Sales Value to Total Assets in Latest Disclosed Financial Statements of Company (%)</div>
</td>
<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt">:</div>
</td>
<td style="WIDTH: 55.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">1.2%</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
<td style="WIDTH: 55.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Ratio of Sales Value to Total Net Non-current Assets in Latest Disclosed Financial Statements of Company (%)</div>
</td>
<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt">:</div>
</td>
<td style="WIDTH: 55.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">4.4%</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
<td style="WIDTH: 55.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Ratio of Value of Non-current Asset to Total Assets in Latest Disclosed Financial Statements of Company (%)</div>
</td>
<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt">:</div>
</td>
<td style="WIDTH: 55.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">0.3%</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
<td style="WIDTH: 55.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Ratio of Transaction Value to Sales in Latest Annual Financial Statements of Company (%)</div>
</td>
<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt">:</div>
</td>
<td style="WIDTH: 55.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">2.7%</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
<td style="WIDTH: 55.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Sales Conditions</div>
</td>
<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt">:</div>
</td>
<td style="WIDTH: 55.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Not determined</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
<td style="WIDTH: 55.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Date on which the Transaction was/will be Completed</div>
</td>
<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt">:</div>
</td>
<td style="WIDTH: 55.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Until 31/12/2017</div>
</td>
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<tr>
<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
<td style="WIDTH: 55.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Aim of Sale and Effects on Company Operations</div>
</td>
<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt">:</div>
</td>
<td style="WIDTH: 55.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">We aim for a better utilization of our assets within the scope of structuring within the group. The sale of these abovementioned real estate has no negative impact on our core operations.</div>
</td>
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<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
<td style="WIDTH: 55.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Profit / Loss Arised After Sale of Non-Current Asset</div>
</td>
<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt">:</div>
</td>
<td style="WIDTH: 55.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">-</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
<td style="WIDTH: 55.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">How will Sales Profit be Used if Exists?</div>
</td>
<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt">:</div>
</td>
<td style="WIDTH: 55.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Exempted amount will be booked to a special fund account on the balance sheet and will not be distributed as dividend within five years period following the sales date.</div>
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<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
<td style="WIDTH: 55.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Board Decision Date for Use of Sales Profit if Exists</div>
</td>
<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt">:</div>
</td>
<td style="WIDTH: 55.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">-</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
<td style="WIDTH: 55.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Counter Party</div>
</td>
<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt">:</div>
</td>
<td style="WIDTH: 55.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Turkcell Gayrimenkul Hizmetleri A.&#350;.</div>
</td>
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<tr>
<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
<td style="WIDTH: 55.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Is Counter Party a Related Party According to CMB Regulations?</div>
</td>
<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt">:</div>
</td>
<td style="WIDTH: 55.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Yes</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
<td style="WIDTH: 55.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Nature of Relation with Counter Party</div>
</td>
<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt">:</div>
</td>
<td style="WIDTH: 55.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Indirectly wholly-owned subsidiary of our company</div>
</td>
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<tr>
<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
<td style="WIDTH: 55.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Agreement Signing Date if Exists</div>
</td>
<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt">:</div>
</td>
<td style="WIDTH: 55.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">-</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
<td style="WIDTH: 55.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
</tr>
</table>

<div style="FONT-FAMILY: 'Times New Roman'">&#160;</div>

<div style="FONT-FAMILY: 'Times New Roman'">&#160;</div>

<div style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 10pt; CLEAR: both" id="DSPFPageBreakArea">
<div style="TEXT-ALIGN: center" id="DSPFPageNumberArea"><font style="FONT-STYLE: normal; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: normal" id="DSPFPageNumber">3</font></div>

<div style="PAGE-BREAK-AFTER: always; FONT-FAMILY: 'Times New Roman'" id="DSPFPageBreak">
<hr style="BORDER-RIGHT-WIDTH: 0px; BACKGROUND-COLOR: #000000; MARGIN: 4px 0px; WIDTH: 100%; BORDER-TOP-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; HEIGHT: 2px; COLOR: #000000; CLEAR: both; BORDER-LEFT-WIDTH: 0px" noshade>
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<div style="FONT-FAMILY: 'Times New Roman'">&#160;</div>

<table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" id="z1fa9c9c0081146bfb6bb66568200ded0" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Exercise Price of Retirement Right Relating to Significant Transaction</div>
</td>
<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt">:</div>
</td>
<td style="WIDTH: 55.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">-</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
<td style="WIDTH: 55.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Value Determination Method of Non-Current Asset</div>
</td>
<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt">:</div>
</td>
<td style="WIDTH: 55.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Details for 20 real estate subject to sale are listed in the enclosed table.</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
<td style="WIDTH: 55.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Did Valuation Report be Prepared?</div>
</td>
<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt">:</div>
</td>
<td style="WIDTH: 55.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Yes</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
<td style="WIDTH: 55.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Reason for not Preparing Valuation Report if it was not Prepared</div>
</td>
<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt">:</div>
</td>
<td style="WIDTH: 55.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">-</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
<td style="WIDTH: 55.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Date and Number of Valuation Report</div>
</td>
<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt">:</div>
</td>
<td style="WIDTH: 55.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Details for 20 real estate subject to sale are listed in the enclosed table.</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
<td style="WIDTH: 55.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Title of Valuation Company Prepared Report</div>
</td>
<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt">:</div>
</td>
<td style="WIDTH: 55.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Details for 20 real estate subject to sale are listed in the enclosed table.</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
<td style="WIDTH: 55.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Value Determined in Valuation Report if Exists</div>
</td>
<td style="TEXT-ALIGN: center; WIDTH: 2.81%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt">:</div>
</td>
<td style="WIDTH: 55.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Value for each respective 20 real estate subject to sale are listed in the enclosed table. The total is TRY 387,824,500.</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.06%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle">&#160;</td>
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<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Reasons if Transaction wasn&#8217;t/will not be performed in Accordance with Valuation Report</div>
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<div style="FONT-SIZE: 10pt">:</div>
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<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Performed in accordance with valuation reports.</div>
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<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Non-Current Assets Subject to Sale</div>
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<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Valuation&#160; Method</div>
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<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Title of Valuation Company</div>
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<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Valuation Report Date and Number</div>
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<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Value Determined in Valuation Report</div>
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<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Sale Price</div>
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<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt; FONT-WEIGHT: bold">1</div>
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<div style="TEXT-ALIGN: left; COLOR: #000000; FONT-SIZE: 10pt">ADANA PLAZA</div>
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<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Adana Province, Seyhan District<font style="FONT-SIZE: 10pt">, &#304;stiklal </font>Quarter, Section no 8441, Parcel No 1, 2.697 m2 Surface, 4.659 m2 Closed Area</div>
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<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Market Approach</div>
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<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">PRIME GAYR&#304;MENKUL DE&#286;. A.&#350;. </div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Date:10/11/2017</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Number: 2017TRCELL319</div>
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<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.55%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: right; COLOR: #000000; FONT-SIZE: 10pt">&#160;TRY 8,500,000</div>
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<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.54%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: right; COLOR: #000000; FONT-SIZE: 10pt">TRY 8,500,000</div>
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<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2</div>
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<div style="TEXT-ALIGN: left; COLOR: #000000; FONT-SIZE: 10pt">ANKARA PLAZA</div>
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<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Ankara Province, &#199;ankaya District, Lodumu Quarter,&#160; Section no 13870, Parcel No 1, 35.360 m2 Surface, 11.279 m2 Closed Area</div>
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<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Cost Approach</div>
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<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">PRIME GAYR&#304;MENKUL DE&#286;. A.&#350;.</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Date: 21/11/2017</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Number: 2017TRCELL320</div>
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<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.55%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: right; COLOR: #000000; FONT-SIZE: 10pt">&#160;&#160;&#160;TRY 126,000,000</div>
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<div style="TEXT-ALIGN: right; COLOR: #000000; FONT-SIZE: 10pt">TRY 137.652.500</div>
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<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Cost Approach</div>
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<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.54%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">TSKB GAYR&#304;MENKUL DE&#286;. A.&#350;.</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Date: 24/11/2017</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Number: 2017B331</div>
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<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.55%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: right; COLOR: #000000; FONT-SIZE: 10pt">TRY 149,305,000</div>
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<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt; FONT-WEIGHT: bold">3</div>
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<div style="TEXT-ALIGN: left; COLOR: #000000; FONT-SIZE: 10pt">ANTALYA PLAZA</div>
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<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Antalya Province, Merkez District<font style="FONT-SIZE: 10pt">, K&#305;z&#305;ltoprak </font>Quarter,&#160; Section no 6496, Parcel No 13, 1.605 m2 Surface, 2.184 m2 Closed Area</div>
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<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Cost Approach</div>
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<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.54%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">PRIME GAYR&#304;MENKUL DE&#286;. A.&#350;. </div>
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<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 17.15%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Date: 10/11/2017</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Number: 2017TRCELL321</div>
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<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.55%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: right; COLOR: #000000; FONT-SIZE: 10pt">&#160;&#160;&#160;TRY 4,300,000</div>
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<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.54%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: right; COLOR: #000000; FONT-SIZE: 10pt">TRY 4,300,000</div>
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<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt; FONT-WEIGHT: bold">4</div>
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<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.13%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; COLOR: #000000; FONT-SIZE: 10pt">AYDIN OMC</div>
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<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-SIZE: 10pt">Ayd&#305;n </font>Province, Merkez District, Ata Village, Zincirlikuyu Location,&#160; Section no 5924, Parcel No 7, 2.008 m2 Surface, 1.662 m2 Closed Area</div>
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<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">Cost Approach</div>
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<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.54%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt">TSKB GAYR&#304;MENKUL DE&#286;. A.&#350;.</div>
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<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 17.15%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Date: 24/1172017</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Number: 2017REVC258</div>
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<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.55%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: right; COLOR: #000000; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;TRY 1,685,000</div>
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<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.54%; FONT-FAMILY: 'Times New Roman'; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: right; COLOR: #000000; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;TRY 1,685,000</div>
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<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt; FONT-WEIGHT: bold">5</div>
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<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.13%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">BALIKES&#304;R OMC</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Bal&#305;kesir </font>Province, Merkez District, 2. &#199;ay Quarter., Plot 21J - I,&#160; Section no 6904, Parcel No 23, 1.138 m2 Surface, 1.518 m2 Closed Area</div>
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<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.13%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Cost Approach</div>
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<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.54%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">TSKB GAYR&#304;MENKUL DE&#286;. A.&#350;.</div>
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<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 17.15%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Date: 24/11/2017</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Number: 2017REV788</div>
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<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.55%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: right; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">&#160;TRY 3,112,000</div>
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<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.54%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: right; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">TRY 3,112,000</div>
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<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold">6</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.13%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">BURSA PLAZA</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 17.15%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Bursa Province, Nil&#252;fer District<font style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">, Minareli &#199;avu&#351; </font>Quarter., Plot H21C05A4B, Section no 1472, Parcel No 8, 2.255 m2 Surface, 2.244 m2 Closed Area</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.13%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Cost Approach</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.54%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">PRIME GAYR&#304;MENKUL DE&#286;. A.&#350;.</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 17.15%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Date: 06/11/2017</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Number: 2017TRCELL322</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.55%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: right; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">TRY 5,700,000</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.54%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: right; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">TRY 5,700,000</div>
</td>
</tr>
</table>

<div>&#160;</div>

<div>&#160;</div>

<div style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 10pt; CLEAR: both" id="DSPFPageBreakArea">
<div style="TEXT-ALIGN: center" id="DSPFPageNumberArea"><font style="FONT-STYLE: normal; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: normal" id="DSPFPageNumber">5</font></div>

<div style="PAGE-BREAK-AFTER: always" id="DSPFPageBreak">
<hr style="BORDER-RIGHT-WIDTH: 0px; BACKGROUND-COLOR: #000000; MARGIN: 4px 0px; WIDTH: 100%; BORDER-TOP-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; HEIGHT: 2px; COLOR: #000000; CLEAR: both; BORDER-LEFT-WIDTH: 0px" noshade>
</div>
</div>

<div>&#160;</div>

<table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" id="z3f4c3555cb174308bbec6ac11466b260" border="0" cellspacing="0" cellpadding="3">
<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold">7</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.13%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">DEN&#304;ZL&#304; OMC</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 17.15%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Denizli Province, Kayak&#246;y Quarter, Plot M22a17d1b,&#160; Section no 209, Parcel No 16, 4.076 m2 Surface, 2.352 m2 Closed Area</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.13%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Cost Approach</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.54%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">PRIME GAYR&#304;MENKUL DE&#286;. A.&#350;.</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 17.15%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Date: 27/11/2017</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Number: 2017TRCELL351</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.55%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: right; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">TRY 4,150,000</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.54%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: right; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">TRY 4,150,000</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold">8</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.13%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">D&#304;YARBAKIR PLAZA</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 17.15%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Diyarbak&#305;r </font>Province<font style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">, Kayap&#305;nar </font>Village, Parcel No 6690, 7.209 m2 Surface, 3.844 m2 Closed Area</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.13%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Market Approach</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.54%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">PRIME GAYR&#304;MENKUL DE&#286;. A.&#350;.</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 17.15%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Date: 09/11/2017</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Number: 2017TRCELL323</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.55%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: right; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">TRY 13,350,000</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.54%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: right; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">TRY 13,350,000</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold">9</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.13%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">ERZURUM PLAZA</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 17.15%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Erzurum Province, Merkez District, Gezk&#246;y&#252; Village, Plot 20, Parcel No 4363, 9.989 m2 Surface, 1.255 m2 Closed Area</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.13%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Cost Approach</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.54%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">PRIME GAYR&#304;MENKUL DE&#286;. A.&#350;.</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 17.15%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Date: 20/11/2017</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Number: 2017TRCELL324</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.55%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: right; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">TRY 3,000,000</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.54%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: right; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">TRY 3,000,000</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold">10</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.13%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">MAHMUT BEY OMC</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 17.15%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">&#304;stanbul </font>Province<font style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">, Ba&#287;c&#305;lar </font>District, Mahmutbey Village, Plot 246DS3A,&#160; Section no 1791 , Parcel No 14, 1.708 m2 Surface, 2.432 m2&#160; Closed Area</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.13%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Cost Approach</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.54%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">VERA GAYR&#304;MENKUL DE&#286;. A.&#350;.</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 17.15%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Date: 27/11/2017</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Number: 2017_&#214;Z_1178</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.55%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: right; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">&#160;TRY 9,900,000</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.54%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: right; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">TRY 9,900,000</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold">11</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.13%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">DAVUTPA&#350;A PLAZA</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 17.15%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">&#304;stanbul </font>Province, Zeytinburnu District, Merkezefendi Quarter<font style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">, Davutpa&#351;a </font>Location, Plot 498,&#160; Section no 2943, Parcel No 14, 3.614 m2 Surface, 7.123 m2&#160; Closed Area</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.13%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Cost Approach</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.54%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">TSKB GAYR&#304;MENKUL DE&#286;. A.&#350;.</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 17.15%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Date: 24/11/2017</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Number: 2017REV854</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.55%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: right; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">&#160;&#160;TRY 30,320,000</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.54%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: right; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">TRY 30,320,000</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold">12</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.13%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">MALTEPE PLAZA</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 17.15%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">&#304;stanbul </font>Province, Kartal&#160; District<font style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">, So&#287;anl&#305;k </font>Quarter<font style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">, Yelde&#287;irmeni&#160; </font>Location, Plot 139,&#160; Section no 10295, Parcel No 12, 5.892 m2 Surface, 12.625 m2&#160; Closed Area</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.13%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Market Approach</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.54%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">TSKB GAYR&#304;MENKUL DE&#286;. A.&#350;.</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 17.15%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Date: 24/11/2017</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Number: 2017REV789</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.55%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: right; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">&#160;&#160;&#160;TRY 61,810,000</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.54%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: right; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">TRY 61,810,000</div>
</td>
</tr>
</table>

<div>&#160;</div>

<div>&#160;</div>

<div style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 10pt; CLEAR: both" id="DSPFPageBreakArea">
<div style="TEXT-ALIGN: center" id="DSPFPageNumberArea"><font style="FONT-STYLE: normal; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: normal" id="DSPFPageNumber">6</font></div>

<div style="PAGE-BREAK-AFTER: always" id="DSPFPageBreak">
<hr style="BORDER-RIGHT-WIDTH: 0px; BACKGROUND-COLOR: #000000; MARGIN: 4px 0px; WIDTH: 100%; BORDER-TOP-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; HEIGHT: 2px; COLOR: #000000; CLEAR: both; BORDER-LEFT-WIDTH: 0px" noshade>
</div>
</div>

<div>&#160;</div>

<table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" id="za3507740ab7d48af9999bd7580372d51" border="0" cellspacing="0" cellpadding="3">
<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold">13</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.13%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">KARTAL PLAZA</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 17.15%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">&#304;stanbul </font>Province, Kartal&#160; District<font style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">, Yakac&#305;k </font>Quarter<font style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">, Yaln&#305;z Selvi&#160; </font>Location, Plot 111,&#160; Section no 957, Parcel No 36, 5.759 m2 Surface, 12.460 m2&#160; Closed (Current) Area</div>
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<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.13%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Market Approach</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.54%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">PRIME GAYR&#304;MENKUL DE&#286;. A.&#350;.</div>
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<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 17.15%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Date: 10/11/2017</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Number: 2017TRCELL325</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.55%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: right; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">TRY 32,000,000</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.54%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: right; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">TRY 32,000,000</div>
</td>
</tr>

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<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold">14</div>
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<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.13%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">&#304;ZM&#304;R PLAZA</div>
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<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 17.15%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">&#304;zmir </font>Province, Bornova District<font style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">, Kaz&#305;mdirik </font>Quarter, Plot 65,&#160; Section no 358, Parcel No 219, 10.097 m2 Surface,14.000 m2 Closed Area</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.13%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Cost Approach</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.54%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">TSKB GAYR&#304;MENKUL DE&#286;. A.&#350;.</div>
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<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 17.15%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Date: 24/11/2017</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Number: 2017REVC259</div>
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<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.55%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: right; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">TRY 52,110,000</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.54%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: right; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">TRY 52,110,000</div>
</td>
</tr>

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<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold">15</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.13%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">&#304;ZM&#304;T OMC</div>
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<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 17.15%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Kocaeli Province<font style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">, &#304;zmit </font>District, Mehmetali<font style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt"> Pa&#351;a, Plot 190Ib,&#160; Section no 3081, </font>Parcel No 4, 1.710 m2 Surface,1.101 m2 Closed Area</div>
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<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.13%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Cost Approach</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.54%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">PRIME GAYR&#304;MENKUL DE&#286;. A.&#350;.</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 17.15%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Date: 16/11/2017</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Number: 2017TRCELL326</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.55%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: right; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;TRY 3,000,000</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.54%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: right; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;TRY 3,000,000</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold">16</div>
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<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.13%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">KONYA OMC</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 17.15%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Konya Province, Sel&#231;uklu District, Dikili<font style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">ta&#351; </font>Quarter, Plot 22M3,&#160; Section no 13207, Parcel No 550, 4.187 m2 Surface, 936 m2 Closed Area</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.13%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Market Approach</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.54%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">PRIME GAYR&#304;MENKUL DE&#286;. A.&#350;.</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 17.15%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Date: 20/11/2017</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Number: 2017TRCELL327</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.55%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: right; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">TRY 1,600,000</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.54%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: right; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">TRY 1,600,000</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold">17</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.13%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">BODRUM OMC</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 17.15%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Mu&#287;la </font>Province, Bodrum&#160; District<font style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">, Konac&#305;k </font>Quarter<font style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">, A&#231;&#305;kk&#305;rlar&#160; </font>Location, Plot N18ci8c3d,&#160; Section no 362 , Parcel No 4, 1.578 m2 Surface, 1.496 m2&#160; Closed Area</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.13%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Cost Approach</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.54%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">TSKB </font>GAYR&#304;MENKUL DE&#286;. A.&#350;.</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 17.15%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Date: 24/11/2017</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Number: 2017REVC260</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.55%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: right; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;TRY 2,285,000</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.54%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: right; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">TRY 2,285,000</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold">18</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.13%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">MU&#286;LA OMC</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 17.15%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Mu&#287;la </font>Province, Merkez&#160; District, Muslihittin Quarter, Bademlik&#160; Location, Plot 47/8,&#160; Section no 1053, Parcel No 6,2.400 m2 Surface, 1.900 m2&#160; Closed Area</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.13%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Cost Approach</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.54%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">PRIME GAYR&#304;MENKUL DE&#286;. A.&#350;.</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 17.15%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Date: 17/11/2017</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Number: 2017TRCELL328</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.55%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: right; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">&#160;&#160;&#160;TRY 4,750,000</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.54%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: right; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">TRY 4,750,000</div>
</td>
</tr>
</table>

<div>&#160;</div>

<div>&#160;</div>

<div style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 10pt; CLEAR: both" id="DSPFPageBreakArea">
<div style="TEXT-ALIGN: center" id="DSPFPageNumberArea"><font style="FONT-STYLE: normal; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: normal" id="DSPFPageNumber">7</font></div>

<div style="PAGE-BREAK-AFTER: always" id="DSPFPageBreak">
<hr style="BORDER-RIGHT-WIDTH: 0px; BACKGROUND-COLOR: #000000; MARGIN: 4px 0px; WIDTH: 100%; BORDER-TOP-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; HEIGHT: 2px; COLOR: #000000; CLEAR: both; BORDER-LEFT-WIDTH: 0px" noshade>
</div>
</div>

<div>&#160;</div>

<table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" id="z2fa5f48dfdc8486486c35846e20048a7" border="0" cellspacing="0" cellpadding="3">
<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold">19</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.13%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">SAMSUN PLAZA</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 17.15%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Samsun Province, Merkez&#160; District, Atakum Quarter, Parcel No F36B16A3B,&#160; Section no 132, Parcel No 7, 1.770 m2 Surface, 3.430&#160; m2&#160; Closed Area</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.13%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Cost Approach</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.54%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">PRIME GAYR&#304;MENKUL DE&#286;. A.&#350;.</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 17.15%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Date: 20/11/2017</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Number: 2017TRCELL329</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.55%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: right; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">TRY 5,000,000</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.54%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: right; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">TRY 5,000,000</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold">20</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.13%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">TRABZON PLAZA</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 17.15%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Trabzon Province<font style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">, &#199;ukur&#231;ay&#305;r&#160; </font>District,&#160; Section no&#160; 174 Parcel No 19, 5.104 m2 Surface, 1.852&#160;&#160; m2&#160; Closed Area</div>
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<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 8.13%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Cost Approach</div>
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<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.54%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">PRIME GAYR&#304;MENKUL DE&#286;. A.&#350;.</div>
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<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 17.15%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Date: 10/11/2017</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Number: 2017TRCELL330</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.55%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: right; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">TRY 3,600,000</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 13.54%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: right; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">TRY 3,600,000</div>
</td>
</tr>

<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; BACKGROUND-COLOR: #dbdbdb; WIDTH: 8%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold">TOPLAM</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; BACKGROUND-COLOR: #dbdbdb; WIDTH: 8.13%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">&#160;</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; BACKGROUND-COLOR: #dbdbdb; WIDTH: 17.15%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">&#160;</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; BACKGROUND-COLOR: #dbdbdb; WIDTH: 8.13%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">&#160;</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; BACKGROUND-COLOR: #dbdbdb; WIDTH: 13.54%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">&#160;</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; BACKGROUND-COLOR: #dbdbdb; WIDTH: 17.15%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">&#160;</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; BACKGROUND-COLOR: #dbdbdb; WIDTH: 13.55%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: right; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">TRY 387,824,500</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; BACKGROUND-COLOR: #dbdbdb; WIDTH: 13.54%; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid">
<div style="TEXT-ALIGN: right; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt">TRY 387,824,500</div>
</td>
</tr>
</table>

<div>&#160;</div>

<div><br>
</div>

<div>&#160;</div>

<div style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 10pt; CLEAR: both" id="DSPFPageBreakArea">
<div style="TEXT-ALIGN: center" id="DSPFPageNumberArea"><font style="FONT-STYLE: normal; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: normal" id="DSPFPageNumber">8</font></div>

<div style="PAGE-BREAK-AFTER: always" id="DSPFPageBreak">
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</div>
</div>

<div>&#160;</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold">SIGNATURES</div>

<div><br>
</div>

<div>&#160;</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Pursuant to the requirements of the Securities Exchange Act of 1934, Turkcell Iletisim Hizmetleri A.S. has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</div>

<div>
<div>&#160;</div>

<div>
<div style="TEXT-ALIGN: left">&#160;</div>

<div style="TEXT-ALIGN: left">
<table style="WIDTH: 100%; FONT-FAMILY: times new roman; FONT-SIZE: 10pt" id="z6d094ec7e2934535afbe7235cfa60d0b" border="0" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 50%" valign="top">&#160;</td>
<td style="WIDTH: 40%" valign="top" colspan="3"><strong>TURKCELL ILETISIM HIZMETLERI A.S.</strong></td>
<td style="WIDTH: 10%" valign="top">&#160;</td>
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<tr>
<td style="WIDTH: 50%" valign="top">&#160;</td>
<td style="WIDTH: 4%" valign="top">&#160;</td>
<td style="WIDTH: 6%" valign="top">&#160;</td>
<td style="WIDTH: 30%" valign="top">&#160;</td>
<td style="WIDTH: 10%" valign="top">&#160;</td>
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<td style="WIDTH: 50%" valign="top">&#160;</td>
<td style="WIDTH: 4%" valign="top">&#160;</td>
<td style="WIDTH: 6%" valign="top">&#160;</td>
<td style="WIDTH: 30%" valign="top">&#160;</td>
<td style="WIDTH: 10%" valign="top">&#160;</td>
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<tr>
<td style="PADDING-BOTTOM: 2px; WIDTH: 50%" valign="top">Date: November 30, 2017</td>
<td style="PADDING-BOTTOM: 2px; WIDTH: 4%" valign="top" nowrap>By: </td>
<td style="BORDER-BOTTOM: black 2px solid; FONT-VARIANT: normal; FONT-STYLE: normal; WIDTH: 6%; FONT-SIZE: 10pt; FONT-WEIGHT: normal" valign="top" colspan="2" nowrap>/s/<font style="FONT-FAMILY: 'Times New Roman'">&#160;</font><font style="FONT-FAMILY: 'Times New Roman'">Zeynel Korhan Bilek</font></td>
<td style="PADDING-BOTTOM: 2px; WIDTH: 10%" valign="top">&#160;</td>
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<tr>
<td style="WIDTH: 50%" valign="top">&#160;</td>
<td style="WIDTH: 4%" valign="top">&#160;</td>
<td style="TEXT-ALIGN: left; WIDTH: 6%" valign="top" nowrap>Name: </td>
<td style="WIDTH: 30%" valign="bottom" nowrap align="left">Zeynel Korhan Bilek</td>
<td style="WIDTH: 10%" valign="top">&#160;</td>
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<tr>
<td style="WIDTH: 50%" valign="top">&#160;</td>
<td style="WIDTH: 4%" valign="top">&#160;</td>
<td style="WIDTH: 6%" valign="top" nowrap>Title: </td>
<td style="WIDTH: 30%" valign="top">Investor Relations and Mergers &amp; Acquisition Director</td>
<td style="WIDTH: 10%" valign="top">&#160;</td>
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<tr>
<td style="WIDTH: 50%" valign="top">&#160;</td>
<td style="WIDTH: 4%" valign="top">&#160;</td>
<td style="WIDTH: 6%" valign="top">&#160;</td>
<td style="WIDTH: 30%" valign="top">&#160;</td>
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<div>&#160;</div>

<br>
<div>&#160;</div>

<div>
<div style="TEXT-ALIGN: left">&#160;</div>

<div style="TEXT-ALIGN: left">
<table style="WIDTH: 100%; FONT-FAMILY: times new roman; FONT-SIZE: 10pt" id="z81e61004a2144fbe895b4211c4597668" border="0" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 50%" valign="top">&#160;</td>
<td style="WIDTH: 40%" valign="top" colspan="3"><strong>TURKCELL ILETISIM HIZMETLERI A.S.</strong></td>
<td style="WIDTH: 10%" valign="top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 50%" valign="top">&#160;</td>
<td style="WIDTH: 4%" valign="top">&#160;</td>
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<td style="WIDTH: 10%" valign="top">&#160;</td>
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<td style="WIDTH: 50%" valign="top">&#160;</td>
<td style="WIDTH: 4%" valign="top">&#160;</td>
<td style="WIDTH: 6%" valign="top">&#160;</td>
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<td style="WIDTH: 10%" valign="top">&#160;</td>
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<td style="PADDING-BOTTOM: 2px; WIDTH: 50%" valign="top">Date: November 30, 2017</td>
<td style="PADDING-BOTTOM: 2px; WIDTH: 4%" valign="top" nowrap>By: </td>
<td style="BORDER-BOTTOM: black 2px solid; FONT-VARIANT: normal; FONT-STYLE: normal; WIDTH: 6%; FONT-SIZE: 10pt; FONT-WEIGHT: normal" valign="top" colspan="2" nowrap>/s/<font style="FONT-FAMILY: 'Times New Roman'">Bulent Aksu</font></td>
<td style="PADDING-BOTTOM: 2px; WIDTH: 10%" valign="top">&#160;</td>
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<tr>
<td style="WIDTH: 50%" valign="top">&#160;</td>
<td style="WIDTH: 4%" valign="top">&#160;</td>
<td style="TEXT-ALIGN: left; WIDTH: 6%" valign="top" nowrap>Name: </td>
<td style="WIDTH: 30%" valign="bottom" nowrap align="left">Bulent Aksu</td>
<td style="WIDTH: 10%" valign="top">&#160;</td>
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<tr>
<td style="WIDTH: 50%" valign="top">&#160;</td>
<td style="WIDTH: 4%" valign="top">&#160;</td>
<td style="WIDTH: 6%" valign="top" nowrap>Title: </td>
<td style="WIDTH: 30%" valign="top">Finance Executive Vice President</td>
<td style="WIDTH: 10%" valign="top">&#160;</td>
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<tr>
<td style="WIDTH: 50%" valign="top">&#160;</td>
<td style="WIDTH: 4%" valign="top">&#160;</td>
<td style="WIDTH: 6%" valign="top">&#160;</td>
<td style="WIDTH: 30%" valign="top">&#160;</td>
<td style="WIDTH: 10%" valign="top">&#160;</td>
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<div>&#160;</div>

<br>
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<div>&#160;</div>

<div><br>
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<div><br>
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<div>&#160;</div>

<div><br>
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<br>
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<div style="TEXT-ALIGN: center" id="DSPFPageNumberArea"><font style="FONT-STYLE: normal; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: normal" id="DSPFPageNumber">9 </font>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
