<SEC-DOCUMENT>0000947871-20-000724.txt : 20200904
<SEC-HEADER>0000947871-20-000724.hdr.sgml : 20200904
<ACCEPTANCE-DATETIME>20200904110831
ACCESSION NUMBER:		0000947871-20-000724
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20200904
FILED AS OF DATE:		20200904
DATE AS OF CHANGE:		20200904

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:		201161127

	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>ss181115_6k.htm
<DESCRIPTION>REPORT OF FOREIGN PRIVATE ISSUER
<TEXT>
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<!-- Field: Rule-Page --><DIV STYLE="margin-top: 12pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">UNITED STATES SECURITIES AND EXCHANGE
COMMISSION</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">FORM 6-K</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">REPORT OF FOREIGN PRIVATE ISSUER</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">PURSUANT TO RULE 13a-16 OR 15d-16 UNDER</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">THE SECURITIES EXCHANGE ACT OF 1934</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 12pt 0; text-align: center">Report on Form 6-K dated September
4, 2020</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 6pt 0; text-align: center"><B>Commission File Number: 001-15092</B></P>

<!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 45%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: bold 13.5pt Times New Roman, Times, Serif; margin: 6pt 0 0 0; text-align: center">TURKCELL ILETISIM HIZMETLERI A.S.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-weight: normal">(Translation
of registrant&rsquo;s name in English)</FONT></P>

<P STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Ayd&#305;nevler Mahallesi &#304;n&ouml;n&uuml;
Caddesi No:20</B></P>

<P STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>K&uuml;&ccedil;&uuml;kyal&#305; Ofispark
</B></P>

<P STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>34854 Maltepe<BR>
Istanbul, Turkey </B></P>

<P STYLE="font: 11pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Address of Principal Executive Offices)</P>

<P STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

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<P STYLE="font: 11pt/12pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/12pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">Indicate by check mark whether the
registrant files or will file annual reports under cover of Form&nbsp;20-F or Form 40-F.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><FONT STYLE="font-size: 11pt">Form 20-F
</FONT><FONT STYLE="font-family: Wingdings; font-size: 10pt">x</FONT><FONT STYLE="font-size: 11pt">&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form 40-F </FONT><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#168;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">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):</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><FONT STYLE="font-size: 11pt">Yes </FONT><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#168;</FONT><FONT STYLE="font-size: 11pt">&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;</FONT><FONT STYLE="font-family: Wingdings; font-size: 10pt">x</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">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):</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><FONT STYLE="font-size: 11pt">Yes </FONT><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#168;</FONT><FONT STYLE="font-size: 11pt">&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;</FONT><FONT STYLE="font-family: Wingdings; font-size: 10pt">x</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">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.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><FONT STYLE="font-size: 11pt">Yes </FONT><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#168;</FONT><FONT STYLE="font-size: 11pt">&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;</FONT><FONT STYLE="font-family: Wingdings; font-size: 10pt">x</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">If &ldquo;Yes&rdquo; is marked, indicate
below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- __________</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Enclosure: A press release dated September 3, 2020, regarding the
application to Capital Markets Board for amendment of Articles of Association.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 47px; width: 184px"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-indent: 0in">Istanbul, September 3, 2020</P>

<P STYLE="font: 11.5pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Announcement Regarding the Application to Capital Markets Board
for Amendment of Articles of Association</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0.1in 0; text-align: justify">The application made to Capital Markets
Board (<FONT STYLE="font-weight: normal">&ldquo;</FONT>CMB<FONT STYLE="font-weight: normal">&rdquo;</FONT>) on 28.08.2020
with respect to amendment of the Articles of Association, has been approved as attached including the necessary revisions made
as per CMB<FONT STYLE="font-weight: normal">&rsquo;</FONT>s letter dated 02.09.2020.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B><I>For more information:</I></B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 0"><I>Turkcell Investor Relations</I></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 0"><FONT STYLE="color: Blue"><U>investor.relations@turkcell.com.tr</U></FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 0"><I>Tel: + 90 212 313 1888</I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
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    <TD STYLE="width: 50%; border: black 1pt solid; font: 11pt Times New Roman, Times, Serif; padding-top: 3.2pt; padding-left: 77.05pt; text-align: left; text-underline-color: black"><B>CURRENT VERSION</B></TD>
    <TD STYLE="width: 50%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Times New Roman, Times, Serif; padding-top: 3.2pt; padding-left: 75.8pt; text-align: left; text-underline-color: black"><B>AMENDED VERSION</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid">
        <P STYLE="font: 11pt/12.25pt Times New Roman, Times, Serif; margin: 0 0 0 5.35pt; text-align: justify"><B>ARTICLE 3 - AIM AND SUBJECT-MATTER</B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.35pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.75pt 0 5.35pt; text-align: justify">The Company is incorporated
        primarily for the provision of any telephone, telecommunication and similar services in compliance with the Telegraph and Telephone
        Law number 406 and services stated in the GSM Pan Europe Mobile Telephone System bid that was signed with the Ministry of Transportation
        and to operate within the authorization regarding the IMT-2000/UMTS services and the infrastructure.</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 0 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.85pt 0 5.35pt; text-align: justify">In order to reach the above-mentioned
        subject matter, the Company may:</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 9.2pt 4.75pt 0 5.35pt; text-align: justify; text-indent: 0in"><B>1)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        </FONT></B>enter into service, proxy, agency, commission agreements, undertakings and any other agreements within the purpose and
        the subject-matter of the Company and within this scope obtain short, middle and long term credits and loans or issue, accept and
        endorse bonds, extend credits to the companies in Turkey and abroad, in which it has direct or indirect shareholding interest,
        to its main company and group companies, in Turkish Lira or other foreign currencies, on condition that such extensions do not
        contradict with laws and regulations.</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 0 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.7pt 0 5.35pt; text-align: justify; text-indent: 0in"><B>2)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
        </FONT></B>cooperate, establish new companies or enterprises with existing or future local or foreign individuals or legal entities;
        completely or partially acquire local or foreign companies or enterprises, participate in share capitals of such companies or enterprises,
        establish agencies in Turkey and abroad, participate in foundations constituted for various purposes, reserve part of the profit
        for or be authorized to pay dividends and make donations to this kind of real or legal person and in the event a donation is made
        or part of the profits is reserved for foundations or this kind of real or legal entity, the rules provided by the Capital Markets
        Board will be complied with and the notifications required by the Capital Markets Board will be made,</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.85pt 0 5.35pt; text-align: justify; text-indent: 0in"><B>3)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
        </FONT></B>issue, acquire, sell, create security over or to perform any other legal actions of all kind of securities, commercial
        papers, profit sharing instruments, bond and convertible bonds via board resolutions under the conditions authorized by the relevant
        legislation provided that such actions are not qualified as brokerage activities and portfolio management;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.85pt 0 5.35pt; text-align: justify; text-indent: 0in"><B>4)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;
        </FONT></B>enter into licence, concession, trademark, know-how, technical information and assistance and any other</P>
        <P STYLE="font: 11pt/12.6pt Times New Roman, Times, Serif; margin: 0.2pt 4.9pt 0 5.35pt; text-align: justify">intellectual property
        right agreements and acquire and give a license to such rights and register them;</P></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 11pt/12.25pt Times New Roman, Times, Serif; margin: 0 0 0 5.35pt; text-align: justify"><B>ARTICLE 3 &ndash; <U>PURPOSE
        AND SCOPE</U></B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.35pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt/100% Times New Roman, Times, Serif; margin: 0 4.9pt 0 5.35pt; text-align: justify">The Company is incorporated
        to primarily <B><U>provide the services within the context of concession agreements signed with the Information Technologies and
        Communication Authority with regard to &ldquo;Granting License of Establishing and Operating GSM Pan Europe Mobile Telephone System&rdquo;,
        &ldquo;Establishing, Operating and Providing </U></B>IMT-2000/UMTS <B><U>Infrastructures and Services&rdquo; and &ldquo;Authorisation
        Certificate for Limited Usage Rights with regard to IMT Services&rdquo; and other services under the relevant legislation and administrative
        acts.</U></B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.2pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.85pt 0 5.35pt; text-align: justify">In order to <B><U>achieve</U></B>
        the above-mentioned <B><U>purpose</U></B>, the Company may:</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.85pt 0 5.35pt; text-align: justify; text-indent: 0in"><B>1)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        </FONT></B>enter into service, <U>proxy, agency,</U> commission <B><U>agreements, undertakings</U></B> and any other agreements
        necessitated by the purpose and scope of business of the Company and obtain short, middle and long term credits and loans or issue,
        accept and endorse any bonds, extend credits to the companies in Turkey and abroad, in which it has direct or indirect shareholding
        interest, to its parent company and group companies, in Turkish Lira or other foreign currencies, on the condition that such extensions
        do not contradict with laws and regulations;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.1pt 0 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.2pt 4.95pt 0 5.35pt; text-align: justify; text-indent: 0in"><B>2)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
        </FONT></B>cooperate, establish <B><U>new partnerships or</U></B> companies or undertake enterprises <B><U>with</U></B> existing
        or future local or foreign individuals or legal entities; completely or partially take over local or foreign companies or enterprises,
        participate in share capitals of such companies or enterprises, establish <B><U>representative offices</U></B> in Turkey and abroad,
        participate in foundations constituted for various purposes, <B><U>allocate assets to foundations which are or will be established
        by the Company or to those already established by others,</U></B> set aside part of the profit for or pay <B><U>dividends</U></B>
        and make <B><U>all kind of</U></B> donations <B><U>and aids</U></B> to such kind of real or legal persons <B><U>on the condition
        of not violating its purpose and scope of business. Transactions within the scope of this provision shall not be performed contrary
        to the transfer pricing regulations under the capital markets legislation</U></B> and <B><U>to other related legislation, the upper
        limit of the donation shall be determined by the general assembly,</U></B> necessary <B><U>public disclosures shall be made and,
        if required by the applicable legislation, donations made within a year shall be submitted to the shareholder&rsquo;s information
        at the general assembly;</U></B></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 0 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt/12.6pt Times New Roman, Times, Serif; margin: 0 5.05pt 0 5.35pt; text-align: justify; text-indent: 0in"><B>3)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
        </FONT></B>issue, <B><U>acquire, sell,</U></B> dispose of, create security over or to perform any other legal actions on all kind
        of securities, commercial papers, profit sharing instruments,</P></TD></TR>
</TABLE>
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    <TD STYLE="width: 50%; border: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.45pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.75pt 0 5.35pt; text-align: justify; text-indent: 0in"><B>5)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
        </FONT></B>acquire, lease, rent and sell of all types of movable and immovable property; construct plant or any other buildings;
        enter into financial leasing agreements; acquire any of the personal or property rights regarding movable and immovable property,
        including but not limited to, promise to sell, pledges, mortgages and commercial business pledges; register them in title deeds;
        accept mortgage from third parties; discharge pledges and mortgages created in favour of the Company; create security over movable
        and immovable properties owned by the Company, including creation of mortgage, pledge and commercial enterprises pledge, on its
        own or in favour of the companies which are fully consolidated in financial statements of the Company or in favour of the third
        parties&rsquo; on condition that the context of the ordinary business operations of the Company directly requires, as necessitated
        by the aim and subject matter of the Company, provided that the Company shall comply with the principles regulated in accordance
        with the capital markets legislation regarding the transactions of providing guarantees or pledges including mortgages to third
        parties and disclosures necessary in accordance with the Capital Market Board within the scope of special circumstances, be made
        in order to inform investors in transactions to be performed in favour of third parties.</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.1pt 0 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.8pt 0 5.35pt; text-align: justify; text-indent: 0in"><B>6)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
        </FONT></B>enter into other enterprises, relevant transactions and agreements necessitated by the aim and the subject matter of
        the Company;</P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.5pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.75pt 0 5.35pt; text-align: justify; text-indent: 0in"><B>7)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
        </FONT></B>register SIM card trademark and symbol; sell, lease, re-purchase, re-sell the same; agree with dealers abroad or in
        the country for the sale of such cards; export same; import other SIM cards and perform all related actions;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.8pt 0 5.35pt; text-align: justify">In addition, if it is deemed
        appropriate and beneficial for the Company to perform any transactions other than those stated above, upon the proposal of the
        Board of Directors, the matter shall be submitted to the approval of the General Assembly and may be performed pursuant to the
        resolution of the General Assembly. In order for such changes to be effective, the permissions of the Foreign Investment Directorate,
        the Ministry of Industry and Commerce and the Capital Market Board shall be obtained, registered with the Trade Registry and announced
        in the Trade Registry Gazette as amendments to the Articles of Association.</P></TD>
    <TD STYLE="width: 50%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.8pt 0 5.35pt; text-align: justify">bonds and convertible bonds
        via board resolutions <B><U>when</U></B> authorised by the relevant legislation and provided that such actions are <B><U>not qualified
        as investment services and activities</U></B>;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.5pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.85pt 0 5.35pt; text-align: justify; text-indent: 0in"><B>4)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
        </FONT></B>enter into license, concession, <B><U>trademark,</U></B> know-how, technical information and assistance <B><U>and any
        other</U></B> intellectual property <B><U>right agreements</U></B> and acquire, <B><U>lease and</U></B> register <B><U>these</U></B>
        rights;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.85pt 0 5.35pt; text-align: justify; text-indent: 0in"><B>5)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
        </FONT></B>as necessitated by <B><U>the purpose and scope of business</U></B> of the Company; acquire, lease, <B><U>rent</U></B>
        and sell of all types of movable and immovable property; construct plants and any kind of buildings; enter into financial leasing
        <B><U>agreements;</U></B> acquire, register and annotate in titled deeds and relevant registries any personal or in-rem rights
        regarding movable and immovable property, including but not limited to, promise to sell, pledge, <B><U>mortgage,</U></B> commercial
        enterprise pledge <B><U>and chattel mortgage</U></B>; accept mortgage from third parties; release pledges and mortgages established
        in favour of the Company; create security over movable and immovable properties owned by the Company, in whatsoever name or form,
        including mortgage, pledge, commercial enterprises pledge and <B><U>chattel mortgage</U></B>, in its own name or in favour of the
        companies which are included within the fully consolidated companies in preparation of its financial statements <B><U>or</U></B>
        in favour of the third parties on the condition of being within the purpose of conducting the ordinary business operations of the
        Company; provided that the principles regulated in accordance with the capital markets legislation <B><U>shall be complied with</U></B>
        regarding the Company&rsquo;s transactions of providing guarantees, sureties, security interests or pledges including mortgages,
        in its own name or in favour of third parties and disclosures required <B><U>under the capital markets legislation</U></B> shall
        be made in order to inform investors <B><U>in case</U></B> special <B><U>circumstances arise</U></B> in transactions to be performed
        in favour of third parties;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 5.05pt 0 5.35pt; text-align: justify; text-indent: 0in"><B>6)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
        </FONT></B>undertake other enterprises and enter into necessary business, transactions and agreements as necessitated by <B><U>the
        purpose and scope of business</U></B> of the Company;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.9pt 0 5.35pt; text-align: justify; text-indent: 0in"><B>7)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
        </FONT></B>register SIM card trademarks and <B><U>symbols</U></B>; sell, lease, re-purchase, re-sell the same through other vendors;
        agree with dealers abroad or in the country for the sale of such cards; export the same; import other SIM cards and perform all
        related dispositions.</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.25pt 0 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0 4.85pt 0 5.35pt; text-align: justify"><B><U>The Company, via
        the General Assembly&rsquo;s decision, may perform activities other than those listed herein, by fulfilling requirements envisaged
        under the legislation and on the condition of not contradicting with the relevant legislation, which are related <FONT STYLE="letter-spacing: 0.15pt">to
        </FONT>or</U></B></P>
        <P STYLE="font: 11pt/12.4pt Times New Roman, Times, Serif; margin: 0 0 0 5.35pt; text-align: justify">deemed beneficial <B><U>for
        its scope of business.</U></B></P></TD></TR>
</TABLE>

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    <TD STYLE="width: 50%; border: black 1pt solid">
        <P STYLE="font: 11pt/12.25pt Times New Roman, Times, Serif; margin: 0 0 0 5.35pt; text-align: justify"><B>ARTICLE 6 &ndash; SHARE
        CAPITAL</B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.35pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.6pt 0 5.35pt; text-align: justify">The registered capital of
        the Company is 2.200.000.000 (Twobilliontwohundred-million) New Turkish Liras, divided into registered shares of
        2.200.000.000 (Two- billiontwohundredmillion), having a value of 1.- (One) New Turkish Liras each. The Company&rsquo;s issued
        share capital, is 1,474,639,361 (Onebillionfourhundred-seventyfourmillionsixhundred andthirtyninethousandthreehundredandsixtyone) New Turkish Liras and fully paid in compliance with the Incentive and Investment Allowance Certificate
        of Foreign Capital General Directorate of the Undersecretariat of Treasury of the Prime Ministry of the Republic of Turkey
        dated 23 August 1993 and numbered 1746 and its special conditions dated 19.12.1994 and Incentive and Investment Allowance
        Certificate dated 6 November 1997 and 2741 numbered and its special conditions dated 16.07.1999, 16.12.1999 and 30.11.2000
        and Incentive and Investment Allowance Certificate dated 26 February 2001 and 3704 numbered and is divided into 1,474,639,361 <FONT STYLE="letter-spacing: -0.05pt">(Onebillionfourhundredandseventyfourmillionsixhundred
        andthirtyninethousandthreehundredandsixtyone) shares.</P></TD>
    <TD STYLE="width: 50%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1.5pt solid">
        <P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0 4.8pt 0 5.35pt; text-align: justify"><B>ARTICLE 6 &ndash; SHARE
        CAPITAL OF THE COMPANY</B></P>
        <P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0 4.85pt 0 5.35pt; text-align: justify"><B><U>The Company adopted
        the registered capital system as per Capital Markets Law and implemented the registered capital system by the Capital Markets Board&rsquo;s
        permit dated 13.04.2000 and numbered 40/572.</U></B></P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.35pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0.05pt 4.95pt 0 5.35pt; text-align: justify"><B><U>The ceiling
        for registered capital of the Company is TRY </U></B>2,200,000,000 <B><U>(twobilliontwohundredmillion Turkish Liras).</U></B></P>
        <P STYLE="font: 12.5pt Times New Roman, Times, Serif; margin: 0.05pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0 4.85pt 0 5.35pt; text-align: justify"><B><U>The Company&rsquo;s
        issued share capital is TRY 2,200,000,000 (twobilliontwohundred million Turkish Liras) and fully paid and is divided into</U></B>
        2,200,000,000 (twobilliontwohundred) registered shares <B><U>each having a nominal value of TRY 1.00 (one Turkish Lira), and the
        said issued share capital is fully paid free of collusion.</U></B></P>
        <P STYLE="font: 12.5pt Times New Roman, Times, Serif; margin: 0.2pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0.05pt 4.85pt 0 5.35pt; text-align: justify"><B><U>The authorisation
        for the ceiling of registered capital granted by the Capital Markets Board, shall be valid for the years 2020 through 2024 (5 years).
        After the year 2024, it is mandatory for the Board of Directors to be able to resolve on share capital increase, to obtain the
        authorisation of the General Assembly by also obtaining the Capital Markets Board&rsquo;s permit for a new ceiling amount to be
        valid for a term of up to 5 (five) years. In case the abovementioned authorisation is not obtained, capital increase cannot be
        made with a Board of Directors resolution.</U></B></P>
        <P STYLE="font: 12.5pt Times New Roman, Times, Serif; margin: 0.2pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.85pt 0 5.35pt; text-align: justify"><B><U>The Board of Directors
        is authorised, at times it deems required, in accordance with the provisions of Capital Markets Law, to increase the issued share
        capital by issuing new shares up to the authorised ceiling of registered capital and to take a decision on the issuance of premium
        shares also up to the authorised ceiling of registered capital. The Board of Directors is not authorised to limit the pre-emption
        rights of the </U>shareholders.</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid">
        <P STYLE="font: 11pt/11.85pt Times New Roman, Times, Serif; margin: 0 0 0 5.35pt; text-align: justify"><B>ARTICLE 7 - SHARE TRANSFER</B></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.8pt 0 5.35pt; text-align: justify">Transfer of Shares is subject
        to the provisions of the Turkish Commercial Code, Capital Market Legislation and the Regulations on Value Added Telecommunications
        Services.</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.9pt 0 5.35pt; text-align: justify">The Board of Directors may restrict
        the share transfers to the foreigners in order to comply with the restrictions concerning the shareholders determined under the
        Regulations on Value Added Telecommunications</P></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 11pt/11.85pt Times New Roman, Times, Serif; margin: 0 0 0 5.35pt; text-align: left"><B>ARTICLE 7 &ndash; <U>SHARES
        AND</U> SHARE TRANSFER</B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.5pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.85pt 0 23.25pt; text-align: justify; text-indent: -0.25in"><B>7.1.
        Shares: Total <FONT STYLE="letter-spacing: -0.15pt">2,200,000,000 </FONT><U>(twobillionandtwohundredmillion) <FONT STYLE="letter-spacing: -0.2pt">shares</FONT>
        representing the issued share capital of the company are divided into two groups; Group (A) shares and Group (B) shares.</U></B></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 5.05pt 0 41.35pt; text-align: justify; text-indent: -0.25in"><B>a)
        <U>330,000,000 (threehundredandthirtymillion) shares having a total nominal value of TRY </U>330,000,000 <FONT STYLE="letter-spacing: -0.05pt">(threehundredandthirtymillion</FONT></B></P></TD></TR>
</TABLE>
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    <TD STYLE="width: 50%; border: black 1pt solid; font: 11pt Times New Roman, Times, Serif; padding-right: 1.2pt; padding-left: 5.35pt; text-align: left; text-underline-color: black">Services and/or other legislation, of which the Company is subject to.</TD>
    <TD STYLE="width: 50%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.9pt 0 41.35pt; text-align: justify"><B><U>Turkish Lira) and corresponding
        to 15% (fifteen percent) of the issued share capital of the Company, which are currently owned by Turkcell Holding A.&#350;., are
        Group (A) shares.</U></B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.15pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 4.85pt 0 41.35pt; text-align: justify; text-indent: -0.25in"><B>b)
        The remaining <FONT STYLE="letter-spacing: -0.15pt">1,870,000,000</FONT> <U>(onebillionandeighthundredseventy million) shares
        having a total nominal value of TRY 1,870,000,000 (onebillionandeighthundred seventymillion Turkish Lira) corresponding to
        85% (eighty-five percent) of the issued share capital of the Company are Group (B) shares.</U></B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.45pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 23.25pt; text-align: left; text-indent: -0.25in"><B>7.2. <U>Privileges
        to be granted to Share Groups:</U></B></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 0 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 5pt 0 5.35pt; text-align: justify"><B><U>Without prejudice to Article
        7.3.(b) of the Articles of Association, Group A Shares will have the privileges set out below effective and exercisable only upon
        the conditions under Article 7.3(a) of Articles of Association having been fulfilled.</U></B></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.1pt 0 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 5.1pt 0 44.45pt; text-align: left; text-indent: -0.25in"><B><I><U>a.</U><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        </FONT><U>Nomination Privilege for the Election of the Board of Directors Members</U></I></B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.55pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.95pt 0 62pt; text-align: justify; text-indent: -0.25in"><B><U>(i)</U><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;
        </FONT><U>4 (four) members of Board of Directors (excluding independent board members) shall be appointed by the General
        Assembly among the candidates nominated by the Group A Shareholder.</U></B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.5pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 5pt 0 62pt; text-align: justify; text-indent: -0.25in"><B><U>(ii)</U><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
        </FONT><U>The Chairman of the Board of Directors shall be elected among the members of the Board of Directors elected
        through the exercise of the privileges granted to Group A Shares.</U></B></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.1pt 0 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 5pt 0 62pt; text-align: justify; text-indent: -0.25in"><B><U>(iii)</U>&nbsp;<U>In
        the event that the entire Group A Shares cease to be held by a <FONT STYLE="letter-spacing: -0.15pt">single </FONT>shareholder,
        this nomination privilege shall automatically cease to be effective, in respect of the entire Group A shares.</U></B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.5pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 44.45pt; text-align: left; text-indent: -18.05pt"><B><I><U>b.</U><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        </FONT><U>Voting Privilege</U></I></B></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 0 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.9pt 0 62pt; text-align: justify; text-indent: -0.25in"><B><U>(i)</U><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;
        </FONT><U>In (1) the appointment of 5 (five) members of the Board of Directors, four of which will be members nominated
        in accordance with Section 7.2.a(i) above, (and other than the independent board members), and (2) election of the Chairman
        of the Presiding Committee of the General Assembly, each Group A Share shall have voting privileges granted as to give
        6 (six) voting rights to each Group A Share, only in relation to these</U></B></P></TD></TR>
</TABLE>
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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; border: black 1pt solid; font: 11pt Times New Roman, Times, Serif; text-align: left; text-underline-color: black">&nbsp;</TD>
    <TD STYLE="width: 50%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0.2pt 0 62pt; text-align: left"><B><U>subject matters, in the voting
        to be made in the General Assembly of Shareholders.</U></B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.15pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 5pt 0 62pt; text-align: justify; text-indent: -0.25in"><B><U>(ii)
        In the event that the entire Group A shares cease to be held by a single shareholder, this voting privilege shall automatically
        cease to be effective, in respect of the entire Group A shares.</U></B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.5pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 0 0 5.25pt; text-align: left"><B>7.3. <U>Conditions of the Privileges</U></B></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.85pt 0 19.5pt; text-align: justify; text-indent: -14.2pt"><B>a.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;
        </FONT><U>The Privileges set out in Article 7.2 shall become valid and effective for Group A Shares only upon the fulfilment of
        the two conditions below together:</U></B></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 0 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt/12.65pt Times New Roman, Times, Serif; margin: 0.05pt 4.95pt 0 76.25pt; text-align: justify; text-indent: -31.3pt"><B>(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        </FONT><U>a merger <FONT STYLE="letter-spacing: -0.05pt">between </FONT>TVF Bilgi Teknolojileri &#304;leti&#351;im <FONT STYLE="letter-spacing: -0.05pt">Hizmetleri
        </FONT> Yat&#305;r&#305;m Sanayi ve Ticaret A.&#350;. and Turkcell Holding A.&#350;. being completed and registered before Istanbul
        Trade Registry, and</U></B></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 0 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt/12.6pt Times New Roman, Times, Serif; margin: 0 4.6pt 0 76.25pt; text-align: justify; text-indent: -0.5in"><B>(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;        </FONT><U>The Combination of Group B shares and the entire Group A shares in the Company corresponding to at least 25% of the Company&rsquo;s
        entire issued share capital being recorded in <FONT STYLE="letter-spacing: -0.15pt">TVF </FONT>Bilgi Teknolojileri &#304;leti&#351;im
        Hizmetleri Yat&#305;r&#305;m Sanayi ve Ticaret A.&#350;.&rsquo;s account and TVF Bilgi Teknolojileri &#304;leti&#351;im Hizmetleri
        Yat&#305;r&#305;m Sanayi ve Ticaret A.&#350;. becoming the legal owner of these shares.</U></B></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 0 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 4.8pt 0 26.7pt; text-align: justify; text-indent: -14.2pt"><B>b.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;        </FONT><U>At any time after the privileges granted to Group (A) shares become valid and effective in accordance with the provisions
        of Article 7.3(a); in the event that the entire Group A Shares cease to be held by a single shareholder all privileges granted
        under this Articles of Association to the Group A Shares shall automatically terminate. In this circumstance, all Group A shares
        shall automatically be converted into Group B shares with no privileges without any need for any further decision by the Board
        of Directors or the General Assembly of the Company, and no shares or shareholders will have any privileges in any means.</U></B></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.95pt 0 26.7pt; text-align: justify"><B><U>In the event that the
        entire Group A Shares cease to be held by a single shareholder, nomination and appointment of all members of Board <FONT STYLE="letter-spacing: -0.15pt">of</FONT>
        Directors, election of the Chairman of the Presiding Committee of the General Assembly, election of the Chairman of Board of Directors
        and appointments of Board of Directors&rsquo;</U> members pursuant to Article 363 of Turkish</B></P></TD></TR>
</TABLE>
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; border: black 1pt solid; font: 11pt Times New Roman, Times, Serif; text-align: left; text-underline-color: black">&nbsp;</TD>
    <TD STYLE="width: 50%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 5pt 0 26.7pt; text-align: justify"><B><U>Commercial Code as per Article
        9, shall be performed without any nomination or voting privileges, in accordance with the provisions of Turkish Commercial Code
        and the capital markets legislation.</U></B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.1pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 4.95pt 0 26.7pt; text-align: justify"><B><U>In addition, without
        prejudice to disclosure requirements applicable under the capital markets legislation, the holder of Group A Shares is obliged
        to notify the Company if any Group A share is transferred to a third party.</U></B></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 0 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 5.25pt; text-align: left"><B>7.4. <U>Miscellaneous</U></B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.45pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.85pt 0 23.25pt; text-align: justify; text-indent: -0.25in">-<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        </FONT><B><U>So long as the privileges are in effect and not terminated in accordance with this Article 7; in the event of a capital
        increase in the Company, shares issued as a result of the exercise by the owner of the Group A Shares of its pre-emption right
        shall principally be issued as and shall constitute Group A Shares with the privileges stipulated in this Article 7 of this Articles
        <FONT STYLE="letter-spacing: -0.15pt">of </FONT>Association, provided that (i) where owner of Group A shares exercises its pre-emption
        right in the capital increase, the ratio of Group A shares in the total number of shares issued in the capital of the Company to
        be reached after the completion of the capital increase shall in no event be more than the ratio prior to the capital increase;
        and (ii) the total number of Group A Shares shall in no circumstance exceed 15% (fifteen percent) of the total number of shares
        issued in the capital of the Company.</U></B></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.15pt 0 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.9pt 0 23.25pt; text-align: justify"><B><U>If the total Group A
        shares upon the completion of such a capital increase, exceeds 15% (fifteen percent) of the total issued share capital of the Company,
        the part of the new shares issued in such capital increase, exceeding 15% (fifteen percent) of the Company&rsquo;s issued share
        capital shall be deemed to have been issued as Group B Shares and shall not be granted any privileges.</U></B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.5pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.9pt 0 23.25pt; text-align: justify; text-indent: -0.25in">-<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        </FONT><B><U>Shares representing the issued share capital are monitored under dematerialization principles. The Company is obliged
        to, and shall, take all actions required under the capital markets legislation and requirements of the Central Registration Agency
        in order to effect changes to the group and type of the shares in accordance with the provisions of this Articles of Association,
        including without limitation the creation and termination of the Group A shares and the privileges attached to Group A shares and
        the changing of ISIN codes for these purposes.</U></B></P></TD></TR>
</TABLE>
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; border: black 1pt solid; font: 11pt Times New Roman, Times, Serif; text-align: left; text-underline-color: black">&nbsp;</TD>
    <TD STYLE="width: 50%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.95pt 0 23.25pt; text-align: justify; text-indent: -0.25in">- <B><U>The
        total number of members of the Board <FONT STYLE="letter-spacing: -0.15pt">of </FONT>Directors appointed by the exercise of the
        voting privilege and nomination privilege of the Group A shares shall in no event exceed 5 (five).</U></B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.15pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 0 0 5.25pt; text-align: left"><B>7.5. <U>Transfer of Shares</U></B></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.85pt 0 5.35pt; text-align: justify"><B><U>Transfer of shares is
        subject to the provisions of Turkish Commercial Code, Capital Markets Law and Regulation on Authorisations in the Electronic Communication
        Sector, Concession Agreement with regard to Granting License of Establishing and Operating GSM Pan Europe Mobile Telephone System,
        Concession Agreement on Establishing Operating and Providing IMT-2000/UMTS Infrastructures and Services and Annex of Authorisation
        Certificate for Limited Usage Rights with regard to IMT Services - Rights and Obligations with regard to Establishing, Operating
        and Providing IMT Infrastructures and Services.</U></B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.5pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0 4.85pt 0 5.35pt; text-align: justify"><B><U>The Company shall
        comply with the restrictions of share transfers stipulated under the Regulation on Authorisations in the Electronic Communication
        Sector, Concession Agreement with regard to Granting License of Establishing and Operating GSM Pan Europe Mobile Telephone System,
        Concession Agreement of the Establishing Operating and Providing IMT-2000/UMTS Infrastructure and Services, and Annex of Authorisation
        Certificate for Limited Usage Rights with regard to IMT Services - Rights and Obligations with regard to Establishing, Operating
        and Providing IMT Infrastructures and Services, that the Company is subject to, and/or Turkish Commercial Code, Capital Markets
        Law and other legislation applicable to the Company. Article 137/3 of Capital Markets Law is reserved.</U></B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.9pt 0 5.35pt; text-align: justify"><B>ARTICLE 8 &ndash; CAPITAL
        INCREASE AND SHARE CERTIFICATES</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.45pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.85pt 0 5.35pt; text-align: justify">The Board of Directors of the
        Company is authorised to increase the issued share capital by issuing new shares up to the authorised share capital, to resolve
        to restrict the pre-emption rights of the shareholders and to take resolutions regarding the issuance of premium shares whenever
        it is deemed necessary, in compliance with the Capital Market Law.</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.75pt 0 5.35pt; text-align: justify">During capital increases shares
        remaining pursuant to the exercise of pre-emptive rights and in the event pre- emptive rights are restricted, all of the newly
        issued shares shall be offered to the public at their market value but not less than their nominal value.</P></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 5.35pt; text-align: left"><B>ARTICLE 8 &ndash; CAPITAL INCREASE
        AND SHARE CERTIFICATES</B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.1pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 0 0 5.35pt; text-align: left"><B>This Article is removed from
        the Text.</B></P></TD></TR>
</TABLE>
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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    <TD STYLE="width: 50%; border: black 1pt solid">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.8pt 0 5.35pt; text-align: justify">New shares may not be issued
        until all the issued shares are fully sold and paid. The issued share capital has to be indicated on all documents bearing the
        trade name of the Company.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.5pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.9pt 0 5.35pt; text-align: justify">The Board of the Directors of
        the Company may issue share certificates in different denominations representing more than one share in compliance with the relevant
        regulations of the Capital Market Board.</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.9pt 0 5.35pt; text-align: justify">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.9pt 0 5.35pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="width: 50%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Times New Roman, Times, Serif; text-align: left; text-underline-color: black">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid">
        <P STYLE="font: 11pt/12.25pt Times New Roman, Times, Serif; margin: 0 0 0 5.35pt; text-align: justify"><B>ARTICLE 9 - BOARD OF
        DIRECTORS</B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.35pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.85pt 0 5.35pt; text-align: justify">The Company is managed and
        represented by the Board. The Board is fully authorised to carry out the affairs of the Company and management of Company assets
        and the activities relating to the Company purpose and subject matter other than those that have to be solely carried out by the
        General Assembly.</P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.5pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.9pt 0 5.35pt; text-align: justify">The Board is comprised of 7
        (seven) members elected by the General Assembly.</P></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1.5pt double">
        <P STYLE="font: 11pt/12.25pt Times New Roman, Times, Serif; margin: 0 0 0 5.35pt; text-align: justify"><B>ARTICLE 9 - BOARD OF
        DIRECTORS</B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.35pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.8pt 0 5.35pt; text-align: justify">The Company is <B><U>managed
        and represented and bound before third persons by the</U></B> Board of Directors. <B><U>The Board of Directors is authorised to
        carry out the affairs</U></B> of the Company and for the management of Company assets and any and all <B><U>activities relating
        to the Company&rsquo;s scope of business, other than those falling within the authority of the General Assembly.</U></B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.55pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 5.1pt 0 5.35pt; text-align: justify"><B><U>Subject to the following
        paragraph, the Board of Directors shall comprise 9 (nine) members to be appointed by the General Assembly.</U></B></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 0 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 5pt 0 5.35pt; text-align: justify"><B><U>The number and qualifications
        of the independent members to serve on the Board of Directors shall be determined according to the Corporate Governance Principles
        of the Capital Markets Board and the Nomination Committee Operations Principles to be adopted by the Board of Directors in accordance
        therewith.</U></B></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.9pt 0 5.35pt; text-align: justify"><B><U>In the event that a membership
        of Board of Directors becomes vacant for any reason or an independent member of Board of Directors ceases to be independent, appointment
        may be made in accordance with Article 363 and other provisions of Turkish Commercial Code and the capital markets legislation,
        and the so appointed board member shall be submitted to the approval of shareholders in the following General Assembly meeting.
        So long as the privileges envisaged as per Article 7 of this Articles of Association are in effect, in the event that any Board
        of Directors membership elected through the exercise of the privileges granted to Group A Shares becomes vacant, the appointment
        by the Board of Directors to be made for this vacancy pursuant to Article 363 of Turkish Commercial Code shall be made from amongst
        the candidates proposed by all of the members of Board of Directors which are elected by the general assembly through the exercise
        of privileges of the Group A Shares and continue holding their posts unanimously, or if unanimous decision may not be provided,
        proposed by the majority of the </U>said Board of Directors members.</B></P></TD></TR>
</TABLE>
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; border: black 1pt solid">
        <P STYLE="font: 11pt/12.25pt Times New Roman, Times, Serif; margin: 0 0 0 5.35pt; text-align: justify"><B>ARTICLE 10 &ndash; DUTY
        PERIOD</B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.35pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 5pt 0 5.35pt; text-align: justify">The members of the Board of Directors
        may be elected for a period of maximum three years.</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.85pt 0 5.35pt; text-align: justify">The members of the Board of
        Directors whose duty period ends may be re-elected. If one of the memberships is left during the duty period, new members may be
        elected to replace these in accordance with the related provisions of the Turkish Commercial Code and Article 11 of this Article Of Association.</P></TD>
    <TD STYLE="width: 50%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 11pt/12.25pt Times New Roman, Times, Serif; margin: 0 0 0 5.35pt; text-align: left"><B>ARTICLE 10 &ndash; TERM
        OF OFFICE</B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.35pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 5.35pt; text-align: left"><B><U>Term of office </U></B>of members
        of the Board of Directors is maximum <B><U>3 (</U></B>three<B><U>) years.</U></B></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt/12.6pt Times New Roman, Times, Serif; margin: 0 0 0 5.35pt; text-align: left"><B><U>A member</U></B> of the
        Board of Directors whose term <B><U>of office </U></B>expires may be re-<B><U>elected.</U></B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid">
        <P STYLE="font: 11pt/100% Times New Roman, Times, Serif; margin: 0 4.95pt 0 5.35pt; text-align: justify"><B>ARTICLE 11 &ndash;
        MEETINGS OF THE BOARD OF DIRECTORS</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.35pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt/12.6pt Times New Roman, Times, Serif; margin: 0 0 0 17.35pt; text-align: justify; text-indent: -12.05pt"><U>1)</U><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
        </FONT><U>Meetings of the Board of Directors:</U></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.95pt 0 5.35pt; text-align: justify">The Board of Directors shall
        meet whenever necessitated by the affairs of the Company. Meetings of the Board of Directors shall be held at the headquarters
        of the Company or at any place agreed upon.</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt/12.6pt Times New Roman, Times, Serif; margin: 0 0 0 17.35pt; text-align: justify; text-indent: -12.05pt"><U>2)</U><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
        </FONT><U>Meeting and Decision Making Quorum:</U></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.95pt 0 5.35pt; text-align: justify">Quorum for Board meetings shall
        consist of a minimum 5 directors. Ordinary actions of the Board shall be taken by affirmative votes of 4 of the directors upon
        the presence of 5 directors and affirmative votes of 5 directors upon the presence of more than 5 directors.</P></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 11pt/100% Times New Roman, Times, Serif; margin: 0 5.05pt 0 5.35pt; text-align: justify"><B>ARTICLE 11 &ndash;
        MEETINGS OF THE BOARD OF DIRECTORS</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.35pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt/12.6pt Times New Roman, Times, Serif; margin: 0 0 0 17.35pt; text-align: justify; text-indent: -12.05pt"><U>1)</U><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
        </FONT><U>Meetings of the Board of Directors:</U></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 5.1pt 0 5.35pt; text-align: justify">The Board of Directors meeting
        convenes whenever necessitated by the business and affairs of the Company. Meetings of the Board of Directors shall be held at
        the headquarters of the Company or at any place to be designated by the Chairman of Board of Directors.</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.15pt 0 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 4.95pt 0 5.35pt; text-align: justify"><B><U>Members eligible
        to attend the Board meetings may also attend such meetings by electronic means as per Article 1527 of Turkish Commercial Code.
        Pursuant to the Communiqu&eacute; on Electronic Meetings Held in Commercial Companies Other Than General Assembly Meetings of Joint
        Stock Companies, the Company may either set up the Electronic Meeting System, which enables right holders to attend and vote in
        such meetings, or purchase related services from the providers of systems that are specifically created for such purposes. In such
        meetings to be held, it shall be ensured that right holders enjoy their rights specified under the relevant legislation, within
        the framework of the relevant Communiqu&eacute;, either over the system established according to this provision of the Articles
        of Association or the system where the supporting services are provided.</U></B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.4pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 17.35pt; text-align: justify; text-indent: -12.05pt">2)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
        </FONT><U>Meeting and Decision Quorum:</U></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.2pt 4.9pt 0 5.35pt; text-align: justify"><B><U>Without prejudice
        to the provisions of the capital markets legislation, the Board of Directors convenes with the presence of minimum 5 (five) members
        constituting the majority of full number of its members and resolves by the affirmative votes of at least 5 (five) members present
        in the meeting.</U></B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.8pt 0 5.35pt; text-align: justify"><B>ARTICLE 12 &ndash; BINDING
        AND REPRESENTATION OF THE COMPANY</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.5pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.75pt 0 5.35pt; text-align: justify">All documents, bonds, powers
        of attorney, written undertakings, contracts, offers, demands, acceptances, announcements and all other documents related with
        the Company, will be valid and binding the Company, if signed by person or persons so authorized by the Board of Directors on condition
        that they sign under the Company name, in circumstances registered and</P>
        <P STYLE="font: 11pt/12.2pt Times New Roman, Times, Serif; margin: 0 0 0 5.35pt; text-align: justify">published as allowing such
        signature. The Board of</P></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 5pt 0 5.35pt; text-align: justify"><B>ARTICLE 12 &ndash; REPRESENTATION
        AND BINDING OF THE COMPANY</B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.15pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 5.05pt 0 5.35pt; text-align: justify"><B><U>The authority to represent
        and bind the Company is vested with the Board of Directors. The Board <FONT STYLE="letter-spacing: -0.15pt">of</FONT> Directors
        may delegate this authority, wholly or partially, to one or more of its members, employees of the Company or third parties, in
        accordance with Articles 370 and 371 of TCC.</U></B></P></TD></TR>
</TABLE>
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    <TD STYLE="width: 50%; border: black 1pt solid; font: 11pt Times New Roman, Times, Serif; padding-left: 5.35pt; text-align: left; text-underline-color: black">Directors will determine the conditions on which the person(s) authorized to bind the company will sign.</TD>
    <TD STYLE="width: 50%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1.5pt double; font: 11pt Times New Roman, Times, Serif; padding-right: 4.95pt; padding-left: 5.35pt; text-align: justify; text-underline-color: black"><B><U>So long as the privileges are in effect and not terminated in accordance with Article 7 of this Articles of Association; unlimited authority to represent and bind the Company regulated under Article 370 of TCC shall be exercised by two Board of Directors members provided that at least one of them is from the members elected through the exercise <FONT STYLE="letter-spacing: -0.15pt">of</FONT> the privileges granted to Group A Shares. In the event that the entire Group A Shares cease to be held by a single shareholder, this authorisation shall automatically cease to be effective and the unlimited authority to represent and bind the Company shall be </U>exercisable in accordance with Article 370(1) of TCC.</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid">
        <P STYLE="font: 11pt/100% Times New Roman, Times, Serif; margin: 0 4.75pt 0 5.35pt; text-align: justify"><B>ARTICLE 13 &ndash;
        SHARING DUTIES AND ASSIGNING DIRECTORS</B></P>
        <P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0.5pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.75pt 0 5.35pt; text-align: justify">The Board of Directors may
        assign all of its authorities related to management and representation or the parts pertaining to the execution phase of the company
        business or the parts it finds necessary to delegate members of the Board of Directors or to General Directors or Directors or
        other officers for whom it is not necessary to have a share and the Board of Directors may give them authority to sign. Minimum
        one member of the Board of Directors shall have the authority to represent the Company even if the authority to manage and represent
        the Company is left to the General Directors or Directors or other officers who do not hold any shares in the Company. The Board
        of Management may give Third Persons special authority to represent and bind the Company. The duty period of other officers who
        have the authority to put the signatures of the General Directors and Directors is not limited with the election periods of the
        Board of Directors members. The provisions of 11-2 article of these Articles of Association are preserved.</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.35pt 0 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt/12.6pt Times New Roman, Times, Serif; margin: 0 4.9pt 0 5.35pt; text-align: justify">The Board of Directors
        shall always be free to cancel such delegated authority of such members and directors.</P></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 11pt/11.95pt Times New Roman, Times, Serif; margin: 0 0 0 5.35pt; text-align: justify"><B>ARTICLE 13 &ndash; DELEGATION
        OF AUTHORITIES</B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.35pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.85pt 0 5.35pt; text-align: justify">The Board of Directors <B><U>is
        authorised, in whole or in part, to delegate the management powers to one or more Board of Directors members or third person or
        persons pursuant to an Internal Directive prepared by itself in accordance with Article 367 of Turkish Commercial Code, except
        for the duties and authorities which are defined under Article 375 of Turkish Commercial Code and which cannot be delegated.</U></B></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.25pt 0 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.9pt 0 5.35pt; text-align: justify"><B><U>The General Manager is
        the head of execution in the Company. He performs his duties in such capacity in accordance with the instructions determined by
        the General Assembly or the Board of Directors in the internal directive or otherwise, and within the authority granted and the
        scope determined by the Board of Directors or General Assembly. He reports to the Board of Directors in respect of his actions.
        The Chairman of the Board of Directors cannot be the General Manager.</U></B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid">
        <P STYLE="font: 11pt/12.35pt Times New Roman, Times, Serif; margin: 0 0 0 5.35pt; text-align: left"><B>ARTICLE 14 - AUDITORS AND
        THEIR DUTIES</B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.2pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 5.35pt; text-align: left">The General Assembly shall elect 2
        auditors from among either the shareholders or third parties.</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.1pt 0 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 5.35pt; text-align: left">The auditors shall be elected for a
        period of maximum three years. The auditors may be re-elected.</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.15pt 0 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt/12.6pt Times New Roman, Times, Serif; margin: 0.05pt 0 0 5.35pt; text-align: left">The auditors are responsible
        for fulfilling the tasks stated in Articles 353 to 357 of the Turkish Commercial Code.</P></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 11pt/12.35pt Times New Roman, Times, Serif; margin: 0 0 0 5.35pt; text-align: left"><B>ARTICLE 14 - AUDITORS AND
        THEIR DUTIES</B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.45pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 5.35pt; text-align: left"><B>This article is removed from the
        text.</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid">
        <P STYLE="font: 11pt/12.3pt Times New Roman, Times, Serif; margin: 0 0 0 5.35pt; text-align: justify"><B>ARTICLE 15 &ndash; DIRECTORS
        AND AUDITORS FEE</B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.35pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.85pt 0 5.35pt; text-align: justify">The General Assembly determines
        the fee to be paid to the members of the Board of Management and to the Auditors.</P></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.8pt 0 5.35pt; text-align: justify"><B>ARTICLE 15 &ndash;<U>FINANCIAL
        RIGHTS OF THE MEMBERS OF THE</U> BOARD OF DIRECTORS</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.5pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.9pt 0 5.35pt; text-align: justify">The attendance fee and<B><U>/or</U></B>
        remuneration of the members of the Board of Directors shall be decided upon by the General Assembly p<B><U>ursuant to the relevant
        provisions of Turkish Commercial Code and the capital markets legislation</U></B>.</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; font: 11pt/11.7pt Times New Roman, Times, Serif; padding-left: 5.35pt; text-align: left; text-underline-color: black"><B>ARTICLE 16 &ndash; INDEPENDENT AUDITOR</B></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt/11.7pt Times New Roman, Times, Serif; padding-left: 5.35pt; text-align: left; text-underline-color: black"><B>ARTICLE 16 &ndash; INDEPENDENT <U>AUDIT</U></B></TD></TR>
</TABLE>
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    <TD STYLE="width: 50%; border: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.45pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.8pt 0 5.35pt; text-align: justify">In addition to the auditors,
        the Board of Directors shall elect one of the international auditing firms incorporated in Turkey and acceptable to the Capital
        Markets Board as an Independent Auditor for the yearly auditing of the Company&rsquo;s commercial book and records. The provisions
        of Capital Markets Board regarding the approval of independent auditor and principals of independent auditing shall be applied.</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.8pt 0 5.35pt; text-align: justify">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.8pt 0 5.35pt; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="width: 50%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.1pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 5pt 0 5.35pt; text-align: justify"><B><U>Relevant provisions of Turkish
        Commercial Code and the capital markets legislation shall be applicable with regard to the independent auditing of the Company.</U></B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid">
        <P STYLE="font: 11pt/12.25pt Times New Roman, Times, Serif; margin: 0 0 0 5.35pt; text-align: justify"><B>ARTICLE 17 &ndash; GENERAL
        ASSEMBLY</B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.35pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 5pt 0 5.35pt; text-align: justify">The below issues shall be applied
        for the General Assembly:</P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.55pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.75pt 0 5.35pt; text-align: justify; text-indent: 0in">1.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;
        </FONT>Convening: The meeting of the General Assembly shall convene either for ordinary or extraordinary meetings. The convening
        for the meetings shall be made in accordance with the provisions of the Turkish Commercial Code and Capital Market Law. The General
        Assembly may convene without invitation in accordance with Article 370 of the Turkish Commercial Code.</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.75pt 0 5.35pt; text-align: justify; text-indent: 0in">2.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
        </FONT>Date: Ordinary meetings of General Assembly shall convene once a year and within the three months following the end of Company&rsquo;s
        fiscal year, the Extraordinary meetings of the General Assembly shall convene whenever necessitated by the affairs of the Company.</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.85pt 0 5.35pt; text-align: justify; text-indent: 0in">3.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
        </FONT>Voting Rights and Appointing Proxy: In Ordinary or Extraordinary meetings of the General Assembly, shareholders or their
        proxies shall have one vote per share. In General Assembly meetings, shareholders may have themselves represented through a proxy
        who may be a shareholder or a non-shareholder. Proxies who are also shareholders of the Company are authorised to vote both for
        themselves and on behalf of the shareholders being represented by such proxies.</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.9pt 0 5.35pt; text-align: justify">Regulations of the Capital Market
        Board relating to proxy votes on behalf of the shareholders shall apply.</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.7pt 0 5.35pt; text-align: justify; text-indent: 0in">4.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
        </FONT>Voting Method: Votes are cast in General Assembly meetings by the raising of hands. However, votes shall be cast by secret
        ballot upon the request of the shareholders representing one tenth of the shares represented in a meeting. The related provisions
        of the Capital Market Board shall apply.</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 0 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.9pt 0 5.35pt; text-align: justify; text-indent: 0in">5.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
        </FONT>Presidency of the General Assembly: President of the General Assembly meetings shall be the chairman of the Board of Directors,
        in his absence, the deputy chairman or in the absence of both, one of the members of the Board</P>
        <P STYLE="font: 11pt/11.7pt Times New Roman, Times, Serif; margin: 0.05pt 0 0 5.35pt; text-align: justify">of Directors. The secretary
        of the General Assembly may</P></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1.5pt solid">
        <P STYLE="font: 11pt/12.25pt Times New Roman, Times, Serif; margin: 0 0 0 5.35pt; text-align: justify"><B>ARTICLE 17 &ndash; GENERAL
        ASSEMBLY</B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.35pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.95pt 0 5.35pt; text-align: justify">The <B><U>following provisions</U></B>
        shall be applicable to the General Assembly meetings:</P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.55pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.3pt 4.85pt 0 5.35pt; text-align: justify; text-indent: 0in"><B>1.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
        </FONT><U>Convention of the General Assembly:</U></B> The General Assembly shall be convened either ordinarily <B><U>or</U></B>
        extraordinarily in accordance with the relevant provisions of Turkish Commercial Code and Capital Markets Law. <B><U>In these meetings
        the agenda items, prepared by the Board of Directors, shall be discussed and resolved as per</U></B> the relevant provisions of
        Turkish Commercial <B><U>Code and the Articles of Association. The extraordinary meetings of the General Assembly shall convene
        and resolve as deemed necessary for the Company&rsquo;s business. Rights of the shareholders under </U></B>Turkish Commercial <B><U>Code
        in respect of convening and adding an item in the agenda of the General Assembly meetings are reserved.</U></B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.5pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.95pt 0 5.35pt; text-align: justify"><B><U>The General Assembly
        meeting procedures are regulated under the Internal General Assembly Directive. General Assembly meetings shall be conducted in
        accordance with Turkish Commercial Code, the capital markets legislation and the Internal General Assembly Directive.</U></B></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 0 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.95pt 0 5.35pt; text-align: justify; text-indent: 0in"><B>2.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        </FONT><U>Attending the General Assembly Meeting by Electronic Means: Right holders, who have a right to attend the general assembly
        meetings of the Company, can attend such meetings by electronic means pursuant to Article 1527 of Turkish Commercial Code. Pursuant
        to the Regulation on General Assembly Meetings of Joint Stock Companies by Electronic Means, the Company shall procure that the
        right holders may attend, deliver opinions, make proposals, and vote by electronic means, either setting up the electronic general
        assembly system, or purchase related services from the providers of systems that are specifically created for such purposes. In
        all meetings to be held, pursuant to this provision of the Articles of Association, right holders and their representatives shall
        be procured to enjoy their rights as stipulated under the aforementioned</U> regulation.</B></P></TD></TR>
</TABLE>
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    <TD STYLE="width: 50%; border: black 1pt solid">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.75pt 0 5.35pt; text-align: justify">be elected from among the shareholders
        or non- shareholders.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.5pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.75pt 0 5.35pt; text-align: justify; text-indent: 0in">6.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
        </FONT>Meetings and Decision Making Quorum: At meetings of the General Assembly, the items specified in Article 369 of the Turkish
        Commercial Code shall be discussed and resolved. Save as higher quorums are provided for in the Turkish Commercial Code, meeting
        quorum at the General Assembly requires the presence of at least 51% of shareholders represented by themselves or proxies and save
        as higher quorums are provided for in the Turkish Commercial Code decision making quorum requires the majority of the affirmative
        of shareholders present at the meeting.</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.7pt 0 5.35pt; text-align: justify">However, the decisions regarding
        the amendments to the Articles of Association of the Company excluding the increase in the ceiling of the authorized share capital
        requires the presence of shareholders holding the 2/3 of the share capital and affirmative votes of 2/3 of the shareholders represented
        in the meeting.</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 0 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.8pt 0 5.35pt; text-align: justify; text-indent: 0in">7.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
        </FONT>Place of Meeting: General Assembly meetings shall convene at the Company&rsquo;s headquarters or upon the decision Board
        of Directors at another suitable place of the city where the headquarters of the Company is located.</P></TD>
    <TD STYLE="width: 50%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.45pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt/100% Times New Roman, Times, Serif; margin: 0 4.9pt 0 5.35pt; text-align: justify; text-indent: 0in"><B>3.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        </FONT></B><U>Date of Meeting</U>: Ordinary General Assembly <B><U>meetings shall convene once</U></B> a year and within three
        months <B><U>following the end of Company&rsquo;s</U></B> fiscal <B><U>year; Extraordinary General Assembly meetings shall convene
        whenever necessitated by the Company.</U></B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 4.9pt 0 5.35pt; text-align: justify; text-indent: 0in"><B>4.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;
        </FONT><U>Voting Rights and</U></B> Appointment <B><U>of Proxy: Right holders or their representatives attending the General Assembly
        meeting shall enjoy their voting rights pro rata to the sum of their nominal shares. Each share accords the relevant shareholder</U></B>
        one <B><U>voting right, save for the voting privileges granted in accordance with the Articles of Association.</U></B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.5pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.9pt 0 5.35pt; text-align: justify">In General Assembly meetings,
        <B><U>shareholders </U></B>may have themselves represented <B><U>through a proxy</U></B> who may be <B><U>a shareholder</U></B>
        or a non-shareholder. <B><U>Proxies who are also shareholders</U></B> of the Company are authorised <B><U>to vote both</U></B>
        for themselves <B><U>and the shareholders being represented by</U></B> such proxies.</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 0 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt/101% Times New Roman, Times, Serif; margin: 0 4.9pt 0 5.35pt; text-align: justify"><B><U>Regulations of the
        </U></B>Capital Markets <B><U>Board relating to voting by proxy shall apply.</U></B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.3pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.9pt 0 5.35pt; text-align: justify; text-indent: 0in"><B>5.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
        </FONT><U>Voting Method: Save for the provisions regarding general assembly meetings to be carried out within the Electronic General
        Assembly system pursuant to Turkish Commercial Code Article 1527, votes are cast</U></B> in General Assembly meetings <B><U>by
        open ballot through raising of hands.</U></B> However, <B><U>votes shall be cast by</U></B> secret <B><U>ballot</U></B> upon the
        request of the shareholders representing one tenth of the shares <B><U>represented in person or by proxy in a meeting. The related
        provisions of the capital markets legislation shall apply.</U></B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.3pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.9pt 0 5.35pt; text-align: justify; text-indent: 0in"><B>6.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;
        </FONT></B>Presiding Committee of the General <B><U>Assembly: Subject to Article 7 of the Articles of Association,
        Chairman and members of the Presiding Committee of the General Assembly meetings shall be elected by the General Assembly, from
        among the present shareholders or non-shareholders.</U></B></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.9pt 0 5.35pt; text-align: justify; text-indent: 0in"><B>7.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;
        </FONT><U>Meeting and</U></B> Decision Quorum<B><U>: Save as higher quorums are provided for in the applicable legislation, meeting
        quorum at the General Assembly requires the presence of shareholders representing at least 51% of the total share capital of the
        Company, represented by shareholders themselves or proxy holders, and save as higher quorums are provided for in the applicable
        legislation, decision quorum requires the affirmative votes of the majority of the voting rights present in person or by proxy
        at the meeting, by observing the provisions of Article 7 in relation to voting privilege.</U></B></P></TD></TR>
</TABLE>
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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; border: black 1pt solid; font: 11pt Times New Roman, Times, Serif; text-align: left; text-underline-color: black">&nbsp;</TD>
    <TD STYLE="width: 50%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 5.05pt 0 5.35pt; text-align: justify"><B><U>In the event that the
        above quorums are not met or preserved at the first meeting, the General Assembly quorums shall be subject to provisions of Turkish
        Commercial Code and capital markets legislation for the second meeting.</U></B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.1pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 4.9pt 0 5.35pt; text-align: justify"><B><U>As an exception to
        the above-mentioned rule, the decisions regarding the amendments to the Articles of Association of the Company excluding the increase
        in the ceiling of the registered share capital requires the presence of shares representing 2/3 of the share capital and affirmative
        votes of 2/3 of the shares represented in the meeting. The amendments to the Articles of Association violating the privileges established
        for Group A Shares herein shall not apply without the approval of the Special Assembly of Privileged Shareholders in accordance
        with the Article 454 of Turkish Commercial Code.</U></B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.3pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.95pt 0 5.35pt; text-align: justify">8. <U>Place of Meeting:</U>
        General <B><U>Assembly meetings shall convene</U></B> at the Company&rsquo;s headquarters or upon the decision of the <B><U>Board
        of</U></B> Directors <B><U>at another suitable place of the
        city</U></B> where the headquarters of the Company is located.</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.7pt 0 5.35pt; text-align: justify"><B>ARTICLE 18 &ndash; PRESENCE
        OF A COMMISSIONER AT THE MEETINGS</B></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.85pt 0 5.35pt; text-align: justify">The presence of T.R. Ministry
        of Industry and Commerce Commissioner is necessary at both ordinary and extraordinary General Assembly meetings, And s/he has to
        sign the meeting reports together with the relevant persons. General Assembly meeting decisions taken in the absence of the commissioner
        and reports which do not bear the commissioner&rsquo;s signature shall not be valid.</P></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 5.35pt; text-align: justify"><B>ARTICLE 18 &ndash; PRESENCE OF
        A <U>MINISTRY REPRESENTATIVE</U> AT THE MEETINGS</B></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.85pt 0 5.35pt; text-align: justify">The presence of T.R. Ministry
        <FONT STYLE="letter-spacing: -0.6pt">of </FONT>Commerce <B><U>Representative</U></B> is necessary at both ordinary and extraordinary
        General Assembly meetings, and s/he has to sign the meeting <B><U>minutes</U></B> together with the relevant persons. General Assembly
        meeting decisions taken in the absence of the <B><U>Ministry Representative</U></B> and <B><U>minutes</U></B> which do not bear
        the <B><U>Ministry Representative</U></B>&rsquo;s signature shall not be valid.</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.75pt 0 5.35pt; text-align: justify"><B>ARTICLE 19 - ANNOUNCEMENTS
        AND ANNUAL REPORTS OF THE COMPANY</B></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.75pt 0 5.35pt; text-align: justify">Announcements concerning the
        Company shall be made in the newspaper published at the city where the Headquarters of the Company are located at least 15 days
        in advance provided that the provisions of Article 37/4 of the Turkish Commercial Code are reserved. If there is no newspaper published
        at the place where the Headquarters are located, then the announcement shall be made in the newspaper published at the closest
        place to the Headquarters.</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.85pt 0 5.35pt; text-align: justify">However, announcements regarding
        the invitation of the General Assembly, in accordance with Article 368 of the Turkish Commercial Code, excluding the dates of announcement
        and invitation shall be made two weeks in advance and the date of the meeting shall be notified to the shareholders via registered
        mail.</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 0 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.9pt 0 5.35pt; text-align: justify">Provisions of Articles 397 and
        438 of the Turkish Commercial Code shall be applicable to the</P></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.95pt 0 5.35pt; text-align: justify"><B>ARTICLE 19 &ndash; ANNOUNCEMENTS
        AND ANNUAL REPORTS</B></P>
        <P STYLE="font: 11pt/100% Times New Roman, Times, Serif; margin: 0 4.85pt 0 5.35pt; text-align: justify">Announcements with regard
        to the Company <B><U>shall be made in accordance with the provisions of </U></B>Turkish Commercial Code, <B><U>the capital markets
        legislation and other relevant legislation.</U></B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.3pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.95pt 0 5.35pt; text-align: justify"><B><U>The General Assembly
        meeting announcements shall be made within the periods specified under the applicable legislation, in accordance with Turkish Commercial
        Code, the capital markets legislation and the Capital Markets Board&rsquo;s Corporate Governance Principles. The General Assembly
        meeting announcements shall be made at least three weeks before the date of General Assembly meeting, excluding the dates of announcement
        and meeting, in accordance with the procedures envisaged under the legislation.</U></B></P>
        <P STYLE="font: 11pt/14.5pt Times New Roman, Times, Serif; margin: 10.65pt 4.9pt 0 5.35pt; text-align: justify"><B><U>Financial
        tables</U></B> and reports <B><U>required by the </U></B>capital markets <B><U>legislation</U></B> and independent audit report,
        shall be <B><U>disclosed</U></B> to the public <B><U>according to rules</U></B> and</P></TD></TR>
</TABLE>
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    <TD STYLE="width: 50%; border: black 1pt solid">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 5.05pt 0 5.35pt; text-align: justify">announcements regarding the
        share capital decrease and liquidation of the Company.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.5pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.75pt 0 5.35pt; text-align: justify">Any other announcement and
        information responsibilities pursuant to the Capital Market legislation and the Turkish Commercial Code are reserved.</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 4.75pt 0 5.35pt; text-align: justify">Financial tables and reports
        and also independent audit reports required by the Capital Market Board shall be disclosed to the public and delivered to the Capital
        Market Board in accordance with the provisions and principles of the Board of Directors.</P></TD>
    <TD STYLE="width: 50%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt/116% Times New Roman, Times, Serif; padding-right: 0.15pt; padding-left: 5.35pt; text-align: left; text-underline-color: black"><B><U>procedures</U></B> set forth by <B><U>Turkish Commercial Code and the capital markets legislation.</U></B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.9pt 0 5.35pt; text-align: justify"><B>ARTICLE 21 - DETERMINATION
        AND ALLOCATION OF THE PROFIT</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.5pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.85pt 0 5.35pt; text-align: justify">If any, the net profit drawn
        up in the annual budget after the deduction of all expenses and depreciation sums, reserves and taxes needed to be paid by or charged
        to the Company, from the revenues of the Company as determined by the end of the accounting term and after the deduction of the
        previous years loss, shall be distributed in accordance with the Capital Market Law and communiqu&eacute;s of the Capital Market
        Board as follows:</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.8pt 0 5.35pt; text-align: justify; text-indent: 0in">a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
        </FONT>5% statutory reserve fund shall be set aside as the first statutory reserve fund.</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 0 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 4.9pt 0 5.35pt; text-align: justify; text-indent: 0in">b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
        </FONT>The first dividend shall be set aside from the remaining amount in the ratio determined by the Capital Market Board.</P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.5pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.8pt 0 5.35pt; text-align: justify; text-indent: 0in">c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
        </FONT>Amount of the net profit remaining after the deduction of the amounts stated in (a) and (b) may be distributed partially
        or fully as second dividend or set aside as extraordinary statutory reserve fund as per the General Assembly resolutions. The General
        Assembly may set aside an amount as profit share for the members of the Board of Directors, officers, employees and workers and
        foundations constituted for various purposes and this kind of real or legal persons.</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.8pt 0 5.35pt; text-align: justify; text-indent: 0in">d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
        </FONT>It may not be resolved that any other reserve funds be set aside or left for the following year unless reserve funds and
        first dividend stated in the Articles of Association for the shareholders are set aside in compliance with the legislation and
        it may not be resolved that the profit be distributed to the members of the Board of Directors, officers and employees and foundations
        constituted for various purposes and this kind of real or legal persons unless first dividend is distributed.</P></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1.5pt double">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.95pt 0 5.35pt; text-align: justify"><B>ARTICLE 21 &ndash; DETERMINATION
        AND <U>DISTRIBUTION</U> OF THE PROFIT</B></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.85pt 0 5.35pt; text-align: justify"><B><U>The periodic net profits
        shown in the annual budget after the deduction of all expenses and depreciation sums,</U></B> amounts that are required to be set
        aside and taxes, which are required to be paid by or charged to the Company, <B><U>from the revenues of the Company</U></B> as
        determined by the end of the accounting term and after the deduction of the previous <B><U>years&rsquo; losses shall be set aside
        as reserves or distributed in the order and principles as follows:</U></B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.2pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt/12.6pt Times New Roman, Times, Serif; margin: 0 0 0 5.35pt; text-align: justify"><B><U>General Statutory Reserve
        Fund:</U></B></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.9pt 0 5.35pt; text-align: justify; text-indent: 0in"><B><U>a)</U><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
        </FONT><U>5% shall be set aside as the statutory reserve fund until it reaches 20% of the issued share capital.</U></B></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 0 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt/12.5pt Times New Roman, Times, Serif; margin: 0 0 0 5.35pt; text-align: justify"><B><U>First Dividend:</U></B></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 5.05pt 0 5.35pt; text-align: justify; text-indent: 0in"><B><U>b)</U><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;
        </FONT><U>First dividends shall be set aside from the remaining amount calculated by adding the amount of donation made
        within a year, if any, over the ratio set by General Assembly in line with the dividend distribution policy of the Company
        according to Turkish Commercial Code and the capital markets legislation.</U></B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.45pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt/100% Times New Roman, Times, Serif; margin: 0 4.95pt 0 5.35pt; text-align: justify; text-indent: 0in"><B><U>c)</U><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
        </FONT><U>After the above amounts are set aside, the General Assembly may distribute dividends to the Board of Directors
        members, employees of the Company, foundations and real and legal persons other than the shareholders.</U></B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.25pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt/12.6pt Times New Roman, Times, Serif; margin: 0 0 0 5.35pt; text-align: justify"><B><U>Second Dividend:</U></B></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 5.05pt 0 5.35pt; text-align: justify; text-indent: 0in"><B><U>d)</U><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
        </FONT><U>The General Assembly is entitled to distribute as second dividends, wholly or partially, the remainder amounts
        after the deduction of the amounts stated in (a), (b) and (c) or to set aside this amount as a discretionary reserve fund
        according to Article 521 of Turkish Commercial Code.</U></B></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 5.05pt 0 5.35pt; text-align: justify; text-indent: 0in"><B><U>e)</U><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;
        </FONT><U>10% of the amount found after deducting dividend in the amount of 5% of the capital from the amount to be distributed
        to </U>shareholders and other persons who participate in the</B></P></TD></TR>
</TABLE>
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    <TD STYLE="width: 50%; border: black 1pt solid">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.75pt 0 5.35pt; text-align: justify">e) The dividend can be distributed
        to all the shares that exist as of the accounting period, irregardless of their issue or enforcement dates.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.45pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 5.35pt; text-align: left">Article 466/2(3) of the Turkish Commercial
        Code is reserved.</P></TD>
    <TD STYLE="width: 50%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 5.05pt 0 5.35pt; text-align: justify"><B><U>profit, shall be added
        to general statutory reserve fund according to 2nd paragraph of Article 519 of Turkish Commercial Code.</U></B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.1pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.9pt 0 5.35pt; text-align: justify"><B><U>Unless statutory legal
        reserves and dividend portion which is determined to be distributed to the shareholders by the Articles of Association or dividend
        distribution policy of the company are set aside, it may not be decided to set aside any other reserves, to carry profits to the
        next year, to distribute dividend to the members of the Board of Directors, employees of the Company, foundations and real or legal
        persons other than the shareholders; and any dividend may not be distributed to these persons unless the dividends determined to
        be distributed to the shareholders are paid in cash.</U></B></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.1pt 0 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 5.1pt 0 5.35pt; text-align: justify"><B><U>Dividends shall be distributed
        equally to all current shares as of the date of distribution regardless of the dates of their issuance or acquisition.</U></B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.5pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 5.35pt; text-align: justify"><B><U>The procedures and dates of
        dividend distribution shall be decided by the General Assembly upon the Board of Directors&rsquo; proposal.</U></B></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 5pt 0 5.35pt; text-align: justify"><B><U>Resolution of General Assembly
        regarding distribution of dividend which was taken pursuant to this Article of Association may not be revoked.</U></B></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 0 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0 5pt 0 5.35pt; text-align: justify"><B><U>The Company is entitled
        to distribute advance dividend in cash over the profit set out in the interim financial statements of the Company, in accordance
        with the conditions established by the capital markets legislation and other related legislation. In accordance with the relevant
        legislation, upon authorization of the board of directors by a general assembly decision, the Board of Directors may decide to
        or not to distribute advance dividend, and on the amount and timing of the advance dividend distribution.</U></B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid">
        <P STYLE="font: 11pt/12.25pt Times New Roman, Times, Serif; margin: 0 0 0 5.35pt; text-align: justify"><B>ARTICLE 22 &ndash; RESERVE
        FUNDS</B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.35pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.75pt 0 5.35pt; text-align: justify">Articles 466 and 467 of the
        Turkish Commercial Code shall be applied with regard to the reserve funds set aside by the Company.</P></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 11pt/12.1pt Times New Roman, Times, Serif; margin: 0 0 0 5.35pt; text-align: justify"><B><U>ARTICLE 22 &ndash;
        RESERVE FUNDS</U></B></P>
        <P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0 4.85pt 0 5.35pt; text-align: justify">Reserve funds to be set
        aside by the Company <B><U>shall be determined in accordance with the relevant provisions of Turkish Commercial Code and the capital
        markets legislation. Article 21 of the Articles</U></B></P>
        <P STYLE="font: 11pt/12.4pt Times New Roman, Times, Serif; margin: 0 0 0 5.35pt; text-align: justify"><B><U>of Association is reserved.</U></B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid">
        <P STYLE="font: 11pt/12.35pt Times New Roman, Times, Serif; margin: 0 0 0 5.35pt; text-align: justify"><B>ARTICLE 25 - BONDS AND
        OTHER SECURITIES</B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.25pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.8pt 0 5.35pt; text-align: justify">The Company may issue bonds
        and any other debt securities bearing the features of capital market securities which the Board of Directors may be authorized
        to issue, in order to sell them to individuals or legal entities, in Turkey or abroad in accordance with the Turkish Commercial
        Code, the Capital Market Law and any other related legislation via resolutions of Board of Directors.</P></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 11pt/12.25pt Times New Roman, Times, Serif; margin: 0 0 0 5.35pt; text-align: justify"><B>ARTICLE 25 - BONDS AND
        OTHER SECURITIES</B></P>
        <P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0 4.9pt 0 5.35pt; text-align: justify">The Company is entitled
        to issue bonds <B><U>and other capital markets instruments in accordance with the provisions of</U></B> Turkish Commercial Code
        and the capital markets legislation.</P></TD></TR>
</TABLE>
<!-- Field: Page; Sequence: 17 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->16<!-- Field: /Sequence --> /</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; border: black 1pt solid">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 5.35pt; text-align: left">The Company may also issue convertible
        bonds as per resolutions of Board of Directors in compliance with the</P>
        <P STYLE="font: 11pt/12.2pt Times New Roman, Times, Serif; margin: 0 0 0 5.35pt; text-align: left">regulations of the Capital Market
        Board.</P></TD>
    <TD STYLE="width: 50%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; font: 11pt Times New Roman, Times, Serif; text-align: left; text-underline-color: black">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; font: 11pt Times New Roman, Times, Serif; text-align: left; text-underline-color: black">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 11pt/100% Times New Roman, Times, Serif; margin: 0 4.95pt 0 5.35pt; text-align: justify"><B><U>ARTICLE 26 - COMPLIANCE
        WITH CORPORATE GOVERNANCE PRINCIPLES</U></B></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.95pt 0 5.35pt; text-align: justify"><B><U>Compliance with the Capital
        Markets Board&rsquo;s mandatory Corporate Governance Principles shall be ensured. Transactions and Board of Directors&rsquo; resolution
        taken in violation of the mandatory Corporate Governance Principles shall be deemed to be in violation of this Articles of Association.</U></B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.55pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 5pt 0 5.35pt; text-align: justify"><B><U>With regard to the transactions
        deemed as material within the context of implementation of Corporate Governance Principles, and related party transactions of the
        Company as well as for the transactions with respect to giving security interest, pledge and mortgage in favour of third parties,
        corporate governance regulations of Capital Markets Board shall be complied with.</U></B></P>
        <P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.5pt 0 0; text-align: left"><FONT STYLE="text-decoration: none">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 4.85pt 0 5.35pt; text-align: justify"><B><U>The Board of Directors
        of the Company shall establish Audit Committee, Early Risk Detection Committee, Corporate Governance Committee, Nomination Committee,
        Renumeration Committee and any other committee which may be required under the capital markets legislation from time to time without
        combining any of aforementioned committees or assigning the duties of any committee to another. The Board of Directors shall adopt
        different charters concerning the rules of procedures of each committee which shall be approved with the unanimity of the votes
        of the Board of Directors to be effective. Adopted charters and any amendment on the same shall be publicly disclosed.</U></B></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.15pt 0 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0 4.9pt 0 5.35pt; text-align: justify"><B><U>The number and qualifications
        of independent board members who will be appointed to the Board of Directors shall be determined in accordance with the Corporate
        Governance Principles of the Capital Markets Board. The list of independent board members to be nominated for the election shall
        be prepared by the Board of Directors exclusively from amongst the candidates affirmatively assessed in the Nomination Committee
        report to have met the independence criteria and be submitted to the to approval of the Capital Markets Board.</U></B></P></TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>
<!-- Field: Page; Sequence: 18; Options: NewSection -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>SIGNATURES</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-indent: 0.5in">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.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 12pt Times New Roman, Times, Serif; padding-bottom: 12pt"><FONT STYLE="font-size: 11pt"><B>TURKCELL ILETISIM HIZMETLERI A.S.</B> <BR>
<BR></FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 49%; font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 11pt">Date:&nbsp; September 4, 2020</FONT></TD>
    <TD STYLE="width: 4%; font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 11pt">By:</FONT></TD>
    <TD STYLE="width: 45%; font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 11pt; font-variant: small-caps">&nbsp;<U>/s/</U></FONT><U> <FONT STYLE="font-size: 11pt">Helin Sinem Celikbilek</FONT></U></TD>
    <TD STYLE="width: 1%; font: 12pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="3">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Name:&nbsp;&nbsp;Helin Sinem Celikbilek</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Title:&nbsp;&nbsp;&nbsp;&nbsp;Investor Relations Manager</P></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 12pt Times New Roman, Times, Serif; padding-bottom: 12pt"><FONT STYLE="font-size: 11pt"><B>TURKCELL ILETISIM HIZMETLERI A.S.</B> <BR>
<BR></FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 49%; font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 11pt">Date:&nbsp;&nbsp;September 4, 2020</FONT></TD>
    <TD STYLE="width: 3%; font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 11pt">By:</FONT></TD>
    <TD STYLE="width: 46%; font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 11pt; font-variant: small-caps">&nbsp;</FONT><FONT STYLE="font-size: 11pt"><U>/s/</U></FONT><U> Osman Y&#305;lmaz</U></TD>
    <TD STYLE="width: 1%; font: 12pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 11pt">Name:&nbsp; Osman Y&#305;lmaz &nbsp;<BR>
Title:&nbsp;&nbsp;&nbsp;&nbsp;Chief Financial Officer</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 12pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 12pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 12pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 12pt">&nbsp;</P>
<!-- Field: Page; Sequence: 19 -->
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