<SEC-DOCUMENT>0000947871-23-000879.txt : 20230818
<SEC-HEADER>0000947871-23-000879.hdr.sgml : 20230818
<ACCEPTANCE-DATETIME>20230818162328
ACCESSION NUMBER:		0000947871-23-000879
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20230818
FILED AS OF DATE:		20230818
DATE AS OF CHANGE:		20230818

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:		231186139

	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>ss2402051_6k.htm
<DESCRIPTION>REPORT OF FOREIGN PRIVATE ISSUER
<TEXT>
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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">&nbsp;</P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">&nbsp;</P>

<P STYLE="color: #231F20; font: bold 10pt Times New Roman, Times, Serif; margin: 4.55pt 18.6pt 0 20.7pt; text-align: center"><FONT STYLE="letter-spacing: -0.4pt">UNITED
</FONT> <FONT STYLE="letter-spacing: -0.1pt">STATES</FONT></P>

<P STYLE="color: #231F20; font: 10pt Times New Roman, Times, Serif; margin: 0.5pt 18.6pt 0 20.8pt; text-align: center"><FONT STYLE="letter-spacing: -0.4pt"><B>SECURITIES
AND EXCHANGE COMMISSION</B></FONT></P>

<P STYLE="color: #231F20; font: bold 10pt Times New Roman, Times, Serif; margin: 0.5pt 18.6pt 0 21.1pt; text-align: center; text-indent: 0in"><FONT STYLE="letter-spacing: -0.1pt">Washington,
D.C. 20549</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.5pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 12pt 0 10pt; text-align: center"><B>FORM&nbsp;6&#45;K</B></P>

<P STYLE="color: #231F20; font: 12pt/103% Times New Roman, Times, Serif; margin: 12.9pt 18.6pt 0 21.15pt; text-align: center"><FONT STYLE="letter-spacing: -0.1pt"><B>REPORT
OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE </B></FONT><B>SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.35pt 0 0"><B>&nbsp;</B></P>

<P STYLE="color: #231F20; font: 10pt/208% Times New Roman, Times, Serif; margin: 0 15.35pt 0 8.25pt; text-align: center"><B>For the month
of August, 2023</B></P>

<P STYLE="color: #231F20; font: 10pt/208% Times New Roman, Times, Serif; margin: 0 15.35pt 0 8.25pt; text-align: center"><B>Commission
File Number: 001-15092</B></P>

<P STYLE="font: 10pt/208% Times New Roman, Times, Serif; margin: 0 15.35pt 0 8.25pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0.25pt 0 0; text-align: center"><B>TURKCELL ILETISIM HIZMETLERI A.S.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>

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<P STYLE="font: 1pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0">&nbsp;</P>

<P STYLE="color: #231F20; font: 10pt Times New Roman, Times, Serif; margin: 0.5pt 18.6pt 0 21.05pt; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">(Translation
of registrant&#8217;s name into English)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">Ayd&#305;nevler Mahallesi &#304;n&ouml;n&uuml; Caddesi
No:20</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">K&uuml;&ccedil;&uuml;kyal&#305; Ofispark</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">34854 Maltepe<BR>
Istanbul, Turkey</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>

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<P STYLE="color: #231F20; font: 10pt Times New Roman, Times, Serif; margin: 0.5pt 18.6pt 0 21.05pt; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">(Address
of Principal Executive Offices)</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 7.1pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 7.1pt; text-align: justify">Indicate by check mark whether the registrant
files or will file annual reports under cover of Form&nbsp;20&#45;F or Form&nbsp;40&#45;F:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center">Form&nbsp;20&#45;F <FONT STYLE="font-family: Wingdings; font-size: 10pt">x</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9;Form&nbsp;40&#45;F
<FONT STYLE="font-family: Wingdings; font-size: 10pt">o</FONT></P>

<P STYLE="font: 12pt Gill Sans Ultra Bold,sans-serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 7.1pt; text-align: justify">Enclosure: A press release dated August
17, 2023 announcing Turkcell&#8217;s amendment to its Board of Directors Operating Directive.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 7.1pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 7.1pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Gill Sans Ultra Bold,sans-serif; margin: 0"></P>

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<P STYLE="font: 12pt Gill Sans Ultra Bold,sans-serif; margin: 0">&nbsp;</P>

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

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

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0">Istanbul, August 17, 2023</P>

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

<P STYLE="font: 11.5pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt"><B>Announcement Regarding the Board of Directors Operating
Directive and Board Committees Operating Directive</B></P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">The Board of Directors has resolved to
amend the Board of Directors Operating Directive, and the operating principles of Corporate Governance Committee, Audit Committee, Nomination
Committee, Remuneration Committee and Early Detection of Risk Committee as attached.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></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"><I>i<FONT STYLE="color: Blue"><U>nvestor.relations@turkcell.com.tr</U></FONT></I></P>

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

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 0; text-align: justify"><B>&nbsp;</B></P>

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<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 0; text-align: justify"><B></B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>TURKCELL ILETI&#350;IM HIZMETLERI ANONIM &#350;IRKETI
</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>INTERNAL DIRECTIVE ON THE OPERATION OF THE
BOARD OF DIRECTORS </B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><B>Purpose and Scope</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B>ARTICLE 1- </B>(1) The purpose of this
Internal Directive <B>(&#8220;The Directive&#8221;)</B> is to regulate the operation of the Turkcell Ileti&#351;im Hizmetleri Anonim &#350;irketi&#8217;s
Board of Directors and principles on the exercise of its duties and authorities, and to increase cooperation between Board of Directors
and Management in order to fulfill the Company&#8217;s duties as stipulated by the legislation faster, efficiently and easily, and to
ensure exercise of authorities granted and eliminate reservations while exercising authority.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">The Working Principles as well as amendments
thereof &#8220;Audit Committee&#8221;, &#8220;Corporate Governance Committee&#8221;, &#8220;Remunaration Committee&#8221;, &#8220;Nomination
Committee&#8221; and &#8220;Early Detection of Risk Committee&#8221;, established to support the Board of Directors in its duties within
the framework of regulations, provisions and principles of Turkish Commercial Code, Capital Market Law, the Articles of Association of
the Company and secondary arrangements of Capital Markets Board and &#8220;Corporate Governance Principles&#8221;, are integral parts
of this Internal Directive.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B>Foundation</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B>ARTICLE 2-</B> (1) This Internal Directive
is prepared by the Board of Directors according to the Turkish Commercial Code, Capital Market Legislation and the Articles of Association
of the Company.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">On matters that do not take place or are
not clarified in this Directive, the Board of Directors is authorized to make decisions and direct the execution.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B>Definitions</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B>ARTICLE 3-</B> (1) The following terms
used in this Internal Directive shall have the following meanings:</P>

<OL START="1" STYLE="margin-top: 0in; list-style-type: lower-alpha">

<LI STYLE="line-height: 115%; text-align: justify; margin: 0 0 10pt; font-size: 12pt">Board: The Board of Directors,</LI>

<LI STYLE="line-height: 115%; text-align: justify; margin: 0 0 10pt; font-size: 12pt">Law: Turkish Commercial Code dated 13/1/2011 and
number 6102,</LI>

<LI STYLE="line-height: 115%; text-align: justify; margin: 0 0 10pt; font-size: 12pt">Company: Turkcell Ileti&#351;im Hizmetleri Anonim
&#350;irketi,</LI>

<LI STYLE="line-height: 115%; text-align: justify; margin: 0 0 10pt; font-size: 12pt">Articles of Association: The Articles of Association
of the Company,</LI>

<LI STYLE="line-height: 115%; text-align: justify; margin: 0 0 10pt; font-size: 12pt">General Manager (CEO): is the specified person in
the Articles of Association of the Company and is the highest responsible person for execution. This person is called as the &#8220;Chief
Executive Officer&#8221; in international management systems terms,</LI>

<LI STYLE="line-height: 115%; text-align: justify; margin: 0 0 10pt; font-size: 12pt">Management: Organizational units specified in the
attached organization chart,</LI>

<LI STYLE="line-height: 115%; text-align: justify; margin: 0 0 10pt; font-size: 12pt">Manager: General Manager, Executive Vice Presidents
(CXOs), Directors and who are assigned with the duties and authority to represent and manage the Company within the scope of item (d)
of 375<SUP>th</SUP> Clause of the Law and this Internal Directive.</LI>

</OL>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify"><B></B></P>

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<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify"><B></B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify"><B>Management Structure </B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify"><B>ARTICLE 4- </B>Besides the subjects left
for the authority of the General Assembly by the Law and the Articles of Association, the Board of Directors is the management and representation
body of the Company. The management structure reporting to the Board of Directors in the Company is composed of the General Manager (CEO)
and Executive Vice Presidents (CXOs) reporting to the General Manager (CEO) and adequate number of Directors as seen on the attached organization
chart approved by Board of Directors&#8217; resolution.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify"><B>Board of Directors </B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify"><B>ARTICLE 5- </B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>5.1. Formation</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify">The Board of Directors is composed of nine members.
According to Article 7/2(a) of the Articles of Association, the members of the Board of Directors are determined and appointed by the
General Assembly in accordance with the principles regarding the nomination and voting privileges. Each year, the Board of Directors elects
a Chairman and a Vice Chairman to act in his/her absence among its members. Since Turkcell and its Group Companies operate in many fields
such as telecommunications particularly, finance, technology, digital services, energy, infrastructure, digital education, etc., in order
to provide the necessary diversity and professional experience, the members of the Board of Directors</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify">- have at least seven years of sectoral experience
in their respective fields of activity, at least two of which should be in the electronic communications, information and communication
technologies sectors; and</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify">- The attention is paid to having the necessary
education and professional experience in the fields including engineering, finance, law, business administration, economics, public administration,
international relations</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify">care is taken.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify">In the election of members, the attention is
paid by Nomination Committee and the Board of Directors to the fact that the candidate will be able to spend enough time for the board
membership that he/she will undertake in the company, taking into account his/her duties outside the company.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 0 35.4pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>5.2. Duties, Authorities and Responsibilities</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 0 35.4pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify">The Board of Directors is the most important
strategic organ of a company. The Board of Directors actively directs the Company as an executive decision making, execution and representation
authority to continuously generate income for the shareholders in the long term. In this direction, the Board of Directors manages and
represents the company. In addition to this main duty, the Board of Directors is also responsible against the beneficiaries (to its customers,
employees, suppliers and to other beneficiaries in the public) of the Company.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Non-assignable and inalienable duties
and authorities of the Board of Directors are as the following:</P>

<OL START="1" STYLE="margin-top: 0in; list-style-type: lower-alpha">

<LI STYLE="line-height: 115%; text-align: justify; margin: 0 0 10pt; font-size: 12pt">Executive management of the Company and giving instructions
through resolutions of the Board of Directors related to these.</LI>

<LI STYLE="line-height: 115%; text-align: justify; margin: 0 0 10pt; font-size: 12pt">Determining the management organization of the Company.</LI></OL>

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<OL START="3" STYLE="margin-top: 0.5in; list-style-type: lower-alpha">

<LI STYLE="line-height: 115%; text-align: justify; margin: 0 0 10pt; font-size: 12pt">Establishing a system for financial planning as
required by the accounting, financial audit and the Company&#8217;s management.</LI>

<LI STYLE="line-height: 115%; text-align: justify; margin: 0 0 10pt; font-size: 12pt">Appointment and removal of managers and people in
the similar functions and employees with signing authority.</LI>

<LI STYLE="line-height: 115%; text-align: justify; margin: 0 0 10pt; font-size: 12pt">High level supervision of executives on whether
they act in compliance with laws, the Articles of Association, Internal Directives and written resolutions of the Board of Directors.</LI>

<LI STYLE="line-height: 115%; text-align: justify; margin: 0 0 10pt; font-size: 12pt">Keeping the share book, resolution book of the Board
of Directors and general assembly meeting and discussion register, preparation of the annual report and corporate governance disclosure
and submission to the general assembly, preparation of the general assembly meetings and executing the decisions of the general assembly.</LI>

<LI STYLE="line-height: 115%; text-align: justify; margin: 0 0 10pt; font-size: 12pt">Taking precautions projected in the provision article
376 of the Law in the event of capital loss or running into debt.</LI>

</OL>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify">Within this framework; responsibilities of the
Board of Directors may be listed as follows:</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 32.8pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">To act prudent within the framework of general duty of care and supervision,</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">To ensure the establishment and development of a corporate culture that
gives utmost importance to ethical standards, principles of fair treatment, professionalism and integrity, and compliance with legal regulations
and company&#8217;s targets. </FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">To determine short- and long-term targets of the Company and also determine
annual operating plan and budget of the Company together with the General Manager and the executive team, and monitor its performance;</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">To examine strategies which will help achieve the targets, contribute to
their development ensure their execution;</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">To examine strategic and financial performance of the Company and take corrective
measures;</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">To nominate the General Manager and evaluate him according to certain performance
criteria and determine his remuneration; </FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">To ensure administrative and financial audit of the Company;</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">To enable the Board of Directors to have the necessary structure and process
in order to ensure sub-committees of the Board of Directors and executives work effectively and efficiently and to determine their performance
criteria;</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0; text-align: left"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">To determine communications and relation approach of the Company to the
shareholders and external authorities;</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">To determine code of conduct for the Company and the employees and ensure
its execution; manage the Company affairs transparently, accountably, fairly and responsibly.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">To ensure conformance of the Company&#8217;s internal and external dispositionary
activities and conduct with the relevant legislation.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 35.4pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">Reviewing the effectiveness of risk management and internal control systems
at least once a year</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 35.4pt"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">The Board of Directors is authorized to
take any decision with regard to the any action and transaction that is required for the Company to carry out its business, except those
concerning the general assembly according to Law and Articles of Association or assigned to the management pursuant to this Internal Directive
and the Internal Regulation for Limited Authorities of the Company.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><B>5.3. Delegation of Authority</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Unless stated otherwise by Law and Articles
of Association, the Board of Directors may delegate the management of the Company to one or more member and/or non-member third parties,
within the framework of the principles determined in this Internal Directive.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><B>5.4. Chairman of the Board of Directors</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">The Chairman assumes the duties and responsibilities stipulated
by the Law, Articles of Association and this Internal Directive.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify">The Chairman of the Board of Directors, in addition
to the similar duties with the other members, sets the Board of Directors&#8217; meetings&#8217; agendas by also taking the opinion of
the General Manager, determines the date and time of the meetings, conducts the meetings, examines the operation of the Board of Directors
and takes improving precautions with the Corporate Governance Committee and notifies the General Manager on the result of the year end
performance evaluation results and remuneration of the General Manager.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 0 35.25pt; text-align: justify; text-indent: 0.05pt">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">The Chairman informs the Board of Directors
on important matters that are essential for decision-making which may arise from his duties and information received from the General
Manager.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify">The Chairman is authorized to make preparations
for the meetings of the Board of Directors, to call for the meetings and to conduct the meetings. The Chairman shows the necessary effort
for the meetings to be carried out efficiently.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B>5.5. Members of the Board of Directors</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><FONT STYLE="font-family: Wingdings; font-size: 12pt">&Oslash;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">The Board of Directors&#8217; members, </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">Express their opinions, thoughts and suggestions about the Board affairs
to the Chairmanship of the Board of Directors,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">May submit a motion to the Chairmanship of the Board of Directors on discussion
and settlement of the matters requiring the Board resolution, and execution of resolutions taken by the Board,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">May examine all kinds of books, records and documents of the Company in
a manner that will not hinder the organizational units&#8217; work and as stipulated in the provision article 6.7 of this Internal Directive.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><FONT STYLE="font-family: Wingdings; font-size: 12pt">&Oslash;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">Members of the Board of Directors are obliged to fulfill the duties stated
below:</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">To attend the meetings, discussions and votings of the Board,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">To fulfill duties assigned by the Board,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">To assist the Chairman of the Board of Directors in ensuring Board&#8217;s
work is carried out properly, efficiently and comfortably.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B>5.6. Relations of the Members of the
Board of Directors with the Organizational Units</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Members of the Board of Directors cannot
interfere with the work of the organizational units and give orders or instructions to the employees of the Company.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Relationship of the Board members with
the organizational units is carried out via Chairman of the Board of Directors.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B>5.7. Board of Directors Office</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">The Board of Directors Office is in charge
of distributing the agenda and documents related to the Board and Committee meetings, taking the minutes of these meetings, registering
these in the related books, having them signed by the members, managing relations of the Board members with the organizational units,
gathering information, remarks and consultations on their behalves, carrying out secretarial services and editorial works of the members,
and fulfillment of other duties given by the Chairman of the Board of Directors.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">This office reports directly to the Board
of Directors in terms of duties, is managed by a Director, and holds sufficient number of consultants and personnel in the areas of expertise
needed.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">The Board of Directors Secretariat within
the office is in charge of easing the business relations of the Chairman of the Board of Directors, guiding business owners applying to
the Chairmanship and visitors on necessary procedures and methods and carrying out all kinds of secretarial services of the Chairmanship.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0"><B>5.8. Budget of the Board of Directors </B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 0 35.4pt">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify">The Board of Directors determines the budget
which shall cover the travel/meeting expenses of the Board of Directors, and special work requests and similar expenses is specified by
the Board of Directors and is provided by the company.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify"><B>Working Principles of the Board of Directors
</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify"><B>ARTICLE 6- </B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>6.1. Inviting to the Meetings</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">The Board of Directors is called for a
meeting by the Chairman or by vice chairman in his absenceas the need arises, provided that it shall not be less than once in every 2
months.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Each member of the Board of Directors
may request, in written, from the Chairman to invite the Board of Directors for a meeting by stating the reason. Every member may request
from the Chairman to include the matters that he wants to be discussed in the agenda of the first meeting to be held.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B>6.2. Method of Invitation to the Meetings</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Invitation to the Board of Directors meeting;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">Except for emergency situations, is made reasonable time before the meeting
date through mail, fax or electronic mail;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">Includes meeting date, time, place and agenda;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">Also includes documents related to matters in the agenda.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">In case all members are present and none
of them objects, a meeting may be held without following the procedural conditions and the Board may decide on the subjects which are
not in the agenda.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify">The Board of Directors should also determine
the annual meeting calendar. Although the agenda of the meetings are determined by the Chairman of the Board of Directors taking into
consideration the views of the General Manager, other members of the Board of Directors must also be provided with an opportunity to make
changes or additions to the agenda prior to the meeting. Other members of the Board of Directors may also propose agenda items before
or at the beginning of the meeting.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Suggestions made with respect to the items
outside of the agenda may be discussed in the same meeting by the unanimous votes of the attendants of the meeting. In so far; it is mandatory
to include the motions made by the members on the agenda of the first coming ordinary meeting.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Basically, the meetings are held at the
registered office of the Company. If agreed, the meetings may be held at another location.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B>6.3. Confidentiality of the Meetings
and Determining the Attendants</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">The meeting shall be conducted by the
Chairman or in his/her absence by the Vice Chairman.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"></P>

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<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Meetings of the Board are confidential.
The Board of Directors decides on whether non-members may attend the meeting or not, or which Company officer or person giving service
from outside shall attend the meeting to provide information about a subject that is on the agenda. Unless the majority of the Board of
Directors decide otherwise, the General Manager, Executive Vice President responsible for Finance and Executive Vice President responsible
for Legal and Regulatory Affairs attend the meetings of the Board of Directors.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B>6.4. Information to be provided to
the Members before the Meeting</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">In connection with financial reporting
periods, the meeting calendar and agenda, documents and information which ensures the evaluation of the agenda items accurately and properly,
enabling healthy decision making should be presented to the members before the meetings.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">Specifically;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">Information about the operation of the Company in relation with the agenda
items,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">Interim and annual financial statements,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">Information about the liquidity status of the Company, loan applications,
credit limits, etc. and other important financial information,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">Budget, medium term finance planning, investment plan,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">Auditor reports,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">Information on shareholder structure,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">Information on important businesses and extraordinary events,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">Important notifications and claims received from the public authorities
which the Company is related to.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Like these documents and information relating
to the meeting should be submitted to the members of the Board of Directors at a reasonable time before the meeting.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><B>6.5. Quorum, Decision Taking </B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">The Board of Directors convenes with the
attendance of at least 5 (five) members constituting the majority of the total number of members and takes decisions with the positive
votes of at least 5 (five) members present at the meeting.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">The chairman or the members who do not
attend the meeting, cannot use their votes in written format and/or authorize one of the other members or the Chairman within this direction.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"></P>

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<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">If none of the members request a meeting,
decisions of the Board of Directors may be taken with the written approval of at least 5 (five) members constituting the majority of a
complete number of members made with respect to the suggestion of any member of the Board on a specific subject written in form of a resolution.
All members of the Board of Directors receiving the same suggestion is the validity condition of the resolutions taken this way.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Having all the approvals on the same paper
is not a condition; however, all of the papers with approval signatures have to be attached to the decision book of the Board of Directors
or its format must be changed into a resolution that includes the signatures of those who have approved and recording it in the decision
book is required for the validity of the decision. Objections made in respect to the decision by a member of the Board of Directors who
did not request a meeting, does not affect the validity of the decision.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Those who have opposing views on the decision
have to explain their reasons at the meeting and must write in a reasonable and detailed way under the decision. The opinions of the members
who cannot attend the meeting but submit their opinions in written to the board of directors are presented for the information of the
other members.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B>6.6. Minutes of the Meeting and Resolutions</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Resolutions adopted at the meetings are
recorded in the minutes during the meeting, every page of the minutes shall be signed by the chairman and the members at the following
meeting. Draft minutes of the meeting shall be distributed to the members latest 2 weeks after the meeting and correction requests, if
any, are discussed in the following meeting and minutes are signed.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">According to the importance, the Board
may decide beforehand which subjects shall be recorded in the minute or decide on the issue during the meeting.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">For the validity of the resolutions of
the Board of Directors, they must be in writing and signed.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Principally, resolutions shall be signed
on the same day; however, the signatories shall be completed within a month at the latest and registered to the decision book.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">The original of the signed minutes are
kept in the BoD Office and certified copies of the resolutions are immediately sent to the respective authorities.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><B>6.7. Right to Obtain Information and Examine</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Each member of the Board of Directors
may request information, ask questions or make a review on all business and operations of the company. Any request made by a member with
respect to bringing any book, book record, agreement, correspondence or a document to the Board of Directors, having them examined or
discussed by the board or the members, or obtaining information with respect to any issue from an executive or any officers cannot be
rejected.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">At the meetings of the Board of Directors,
people or committees assigned for the Company management are also obliged to give information. Request of a member on this subject cannot
be rejected; his questions cannot be left unanswered.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"></P>

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<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Members of the Board of Directors may
not use their right to request information or reviews from people assigned for the company management apart from Board of Directors meetings.
Each member of the Board of Directors may receive information related to the conduct of business or certain discrete actions from people
assigned for the company management, apart from the Board of Directors meetings, by the permission of the Chairman and may request from
the Chairman of the Board of Directors the company books and files to be submitted for his/her review, if necessary for fulfilling his/her
duties.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">If the Chairman rejects a members&#8217;
request to retrieve information, ask questions or make a review, the subject is brought before the Board of Directors within two days.
In case the Board cannot convene or rejects the request, the member may apply to commercial court at the location of the registered office
of the company.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">The Chairman of the Board of Directors
is entitled to retrieve information or examine company books or files at times apart from the meetings of the Board of Directors.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Each member of the Board of Directors
may request from the Chairman of the Board of Directors to have an attentive, accurate report reflecting the reality open and aboveboard
and prepared in accordance with the accounting principles with respect to the financial status and status of assets of the subsidiaries,
relations between the Company and its subsidiaries, relations of the subsidiaries between each other, shareholders of the Company and
the subsidiaries and their relations with their relatives; the operations performed and their results and effects, and submission of such
report to the Board of Directors and to attach the conclusion section of such report to the annual report and audit report.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Within the scope of this article, right
to demand information and examination is used through the BoD Office.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><B>6.8. Committee and Commissions </B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">The Board of Directors may establish committee
and commissions in which members of the Board of Directors may take place for following the course of the businesses, preparing reports
on subjects to be presented to the Board, ensuring the application of the resolutions or for the purposes of internal audit.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">The Board of Directors may also establish
temporary committee and commissions for the investigation and preparatory work of specific matters.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">The Board of Directors evaluates the reports
and recommendations made by the committees and designates the duties and procedures which have to be performed pursuant to these reports
and recommendations.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 3pt 0 10pt"><B>Management Structure </B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 3pt 0 10pt"><B>ARTICLE 7- </B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 3pt 0 10pt"><B>7.1. Structure</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify">Management structure is shown in the attached
organization chart which is approved by the Board of Directors resolution and is a part of this Internal Directive and is composed of,
considering job descriptions and work load, the General Manager, Chief Ezecutive Officers reporting to the General Manager andand Directors
reporting to Chief Executive Officers. BoD &amp; CEO Office Director and Internal Audit Director reports to the Board of Directors.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 3pt 0 10pt"></P>

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<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 3pt 0 10pt">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 3pt 0 10pt"><B>7.2. Duties and Authorities of the Management</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify">The Board of Directors is the most important
organ of the Company where execution is scrutinized and critically evaluated. Management is authorized to take decisions on every issue
related to management of the Company except duties and authorities assigned to the Board of Directors, general assembly and the auditor
by law, Articles of Association and Internal Directive. Execution of the adopted resolutions is performed within the framework of the
Articles of Association and delegation of authority rules determined by the Board of Directors resolution.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 12pt 0 10pt; text-align: justify">Management is assigned and authorized
to execute specifically the below issues within the framework of allocation of duties determined in this Internal Directive:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">Carrying out company business within the framework of law, Articles of Association
and this Internal Directive and the instructions of the Board of Directors,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">Making necessary preparations on items exclusive to the Board of Directors
and execute the decisions taken by the Board,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">Preparing interim and annual financial statements to submit to the Board
of Directors,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">Preparing Annual Report in compliance with the article 516 of the Law to
submit to the Board of Directors,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">Informing the members of the Board of Directors in writing with respect
to the course of business and market conditions when necessary (at least once a month); notifying immediately the members/Chairman of
the Board of Directors about extraordinary developments,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">Reporting on capital loss, risk of insolvency (Turkish Commercial Code 376),
liquidity problem or other risks to the Chairman of the Board of Directors immediately,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">Determining personnel policy,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">Executing group policies and supervise on this subject,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">Ensuring the implementation of the Internal Directive,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">Executing other duties that will be assigned by the Board of Directors within
the framework of the relevant legislation.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 0 35.4pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>7.3. General Manager (CEO) Duties and Authorities</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 0 35.4pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify">The General Manager (CEO) is the highest responsible
person for execution stated in the Articles of Association of the company and is responsible from the general management and representation
of the Company; works under the Board of Directors and reports to the Board of Directors in relation with the company activities.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 0 35.4pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Main duties and authorities of the General
Manager are as the following:</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">providing the highest organization and coordination in order to enable the
Board of Directors and the organization units of the Company to work in alignment, efficiently, orderly and in discipline,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">providing the execution of the Board of Directors resolutions, following
the implementation of these resolutions and informing the members of the Board of Directors about the results of the implementation,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">presenting the developments on the applications, and opinions and suggestions
coming from the Company&#8217;s Management units, results obtained from the audit and supervision to the Board of Directors after revising
and finalizing them by providing his views and opinion, </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">presenting to the Board of Directors the budget plan of the Company, plans
of the organization units with regard to the annual operating program, results of the implementation of budget /plan, final account on
income and expense and recommendation related to the annual operating report, to enable collection of the receivable and payments for
expenditures, executing operations assigned to its authority in relation with the labor law of the Company employees, </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">ensuring that the expenditures of the company are in conformity with the
company&#8217;s annual budget,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">proving leadership and vision to all organization&#8217;s units of the company,
enabling the company to reach its short- and long-term targets,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">overseeing and supervising the effectiveness of internal control and management
information systems,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">establish effective communication with Company employees, company stakeholders
and governmental authorities,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">showing best efforts to ensure compliance of the company with corporate
governance guidelines and related regulations, </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">presenting opinion on field of operation, scope of activity of the Company
and on decisions to be taken in relation to the sector and on the relevant regulation,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">representing the Company before official and private institutions and carry
out relations with these institutions within the framework of the authorities provided by the Board of Directors,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">making disclosure and providing information to media organs on behalf of
the Company within the framework of the authorities provided by the Board of Directors,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">executing other duties to be assigned by the Board of Directors within the
framework of the relevant legislation.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 0 35.4pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><B>7.4. Delegation of Authority</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Use of the administrative authority shall
be in line with the determined fields and allocation of duties between the units in the attached organization chart.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 3pt 0 10pt"><B></B></P>

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<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 3pt 0 10pt"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 3pt 0 10pt"><B>7.5. Meeting</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 3pt 0 10pt; text-align: justify">Management meets upon invitation of
the General Manager as required. Those who shall attend the meeting are determined by the General Manager in connection with the agenda
of the meeting and agenda items.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 3pt 0 10pt; text-align: justify">Executives taking part in the management
determine the structure of their units within the framework of the limits stipulated in Law, Articles of Association and this Internal
Directive and submit for the approval of the General Manager. Unit structure approved by the General Manager is submitted for the approval
of the Board of Directors and is finalized upon the approval of the Board of Directors.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>7.6. Taking Instructions and Reporting</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 0 70.9pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Executives on the attached organization
chart receive instruction from the officers taking part on the line before them and report the duties under their responsibility to this
officer.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B>7.7. Duties Including Limited Representation
Authority and its Scope </B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify">According to the Article 371 of the Law, duties
including limited representation authority and scope of the limited representation authorities of the authorized officers are approved
by the resolution of the Board of Directors with date 11.08.2021 and number 1752 and is registered to the trade registry and is announced.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 0 70.65pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify">Those who are authorized as the limited representative
authority shall also be determined by the Board of Directors in terms of signature groups and are registered to the trade registry.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><B>8. Reviewing and Amendments</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Provided that the Board of Directors reserves
the right for amending this Internal Directive at any time, Internal Directive is reviewed once a year at least at the Board of Directors
meeting and may be amended if found necessary.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><B>9. Informing</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">The Board of Directors informs shareholders,
and the creditors who put forth their interests worth preserving convincingly with respect to this Internal Directive, in writing, upon
request.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><B>10. Validity</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">This Internal Directive has been approved
by the resolution of the Board of Directors with date 17.08.2023 and number 1993 and is enter into force on the same date.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.5pt 16.1pt 10pt 15.45pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.5pt 16.1pt 10pt 15.45pt; text-align: center"><B></B>&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.5pt 16.1pt 10pt 15.45pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.5pt 16.1pt 10pt 15.45pt; text-align: left"><B></B></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.5pt 16.1pt 10pt 15.45pt; text-align: left"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.5pt 16.1pt 10pt 15.45pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.5pt 16.1pt 10pt 15.45pt; text-align: center"><B>TURKCELL ILETI&#350;IM
HIZMETLERI <FONT STYLE="letter-spacing: -0.2pt">A.&#350;.</FONT></B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 2pt 17.95pt 10pt 15.45pt; text-align: center"><FONT STYLE="letter-spacing: -0.3pt"><B>WORKING
PRINCIPLES OF THE CORPORATE GOVERNANCE COMMITTEE</B></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.5pt 0 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.1pt"></TD><TD STYLE="width: 12pt"><FONT STYLE="font-size: 12pt"><B>1.</B></FONT></TD><TD><FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt"><B>BASIS</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.4pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 7.8pt 0 5.1pt; text-align: justify">Duties and working principles of
the Corporate Governance Committee are determined within the framework of the regulations, provisions and principles in Turkish Commercial
Code, Capital Market Law, Articles of Association of the Company and &#8220;Corporate Governance Principles&#8221; of Capital Market Board.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.1pt"></TD><TD STYLE="width: 12pt"><FONT STYLE="font-size: 12pt"><B>2.</B></FONT></TD><TD><FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt"><B>PURPOSE:</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.05pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 5.5pt 0 5.1pt; text-align: justify">Purpose of these Working Principles
(the &#8220;Working Principles&#8221;) is to determine duties, powers, responsibilities and working procedures and principles of the Corporate
Governance Committee (the &#8220;Committee&#8221;) established in order to follow the compatibility of the Company to the procedures given
in Corporate Governance Principles of Capital Markets Board and to the regulations of capital markets, to carry out improvement studies
on this subject and to propose suggestions to the Board of Directors.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.1pt"></TD><TD STYLE="width: 12pt"><FONT STYLE="font-size: 12pt"><B>3.</B></FONT></TD><TD><FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt"><B>STRUCTURE OF THE COMMITTEE</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.4pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 7.85pt 0 5.1pt; text-align: justify"><B>Number of Members: </B>The
Committee consists of at least 3 members determined by the Board of Directors including two members of the Board of Directors one of whom
must be an independent member of the Board of Directors and the Investor Relations Manager.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 7.6pt 0 5.1pt; text-align: justify"><B>Presidency of the Committee:
</B>The Chairman of the Committee is selected among the independent <FONT STYLE="letter-spacing: -0.4pt">board </FONT>members <FONT STYLE="letter-spacing: -0.45pt">by</FONT>
the Board of Directors.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.3pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 7.75pt 0 5.1pt; text-align: justify"><B>Membership Duration:</B> The
members of <FONT STYLE="letter-spacing: -0.4pt">the committee are assigned by the Board of Directors limited to the term of membership
in the Board of Directors. </FONT>The Board of Directors of the Company assign the Committee members in the first Board meeting following
the General Assembly to fulfill their duties until the selection of the next Board of Directors pursuant to the principles given in this
article. The executive of the investor relations department shall be assigned as the principle member of the Corporate Governance Committee
in accordance with Corporate Governance Communique of Capital Markets Board.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 7.7pt 0 5.1pt; text-align: justify">The Board of Directors may change
the members of the Committee, assign a new member to complete the duty term in lieu of them in case any vacancy occurs in the position
of the members due to dismissal from office, resignation or death.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 7.7pt 0 5.1pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 7.7pt 0 5.1pt; text-align: justify"><B></B></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 7.7pt 0 5.1pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 7.7pt 0 5.1pt; text-align: justify"><B>Consultants:</B> The Committee
benefits from independent expert opinions on subjects it needs in relation with its activities. The service fee given for the consultancy
with respect to the Committee needs is met by the Company.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.4pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 7.65pt 0 5.1pt; text-align: justify"><B>Source: </B>All kinds of sources
and supports required while the Committee fulfills its duties are provided by the Board of Directors. The sufficient finance required
for the payments of independent consultants of the Committee and the ordinary administrative expenses shall be <FONT STYLE="letter-spacing: -0.1pt">provided
by the Board of Directors.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.1pt"></TD><TD STYLE="width: 12pt"><FONT STYLE="font-size: 12pt"><B>4.</B></FONT></TD><TD><FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt"><B>COMMITTEE MEETINGS</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.45pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 7.7pt 0 5.1pt; text-align: justify"><B>Meetings:</B> The Committee
meets at least twice in a year <FONT STYLE="letter-spacing: -0.1pt">at</FONT> times consonant to the ordinary meetings of the Board of
Directors when required. The Chairman of the Committee determines the schedule and frequency of the meetings provided that he shall be
in negotiation with the other members of the Committee. The Committee Chairman has to make a call for a meeting upon claim of a member
of the Board of Directors or the Committee or the General Manager within reasonable time.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.35pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.05pt 7.8pt 0 5.1pt; text-align: justify">The committee meetings can
be held either by gathering the members or technological communication facilities.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.05pt 7.8pt 0 5.1pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.05pt 7.8pt 0 5.1pt; text-align: justify">The Committee may invite an
executive, who is deemed necessary, to its meetings, may take their opinions. The General Manager attends the meetings in case he is invited
by the Chairman of the Committee.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.35pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 7.7pt 0 5.1pt; text-align: justify"><B>Agenda:</B> The Chairman of
the Committee constitutes the agenda of the Committee provided that he shall be in negotiation with the other members of the Committee,
General Manager and Investor Relations Director. The agenda and information and documents related to the works to be performed at each
Committee meeting shall be transmitted to the members of the Committee to be reviewed at a reasonable time before each meeting to the
extent it may be fulfilled.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.35pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 7.8pt 0 5.1pt; text-align: justify"><B>Reporting: </B>The Committee
puts all studies performed and the resolutions in written and keeps the records. It submits the minutes and the reports including information
on the studies and the meeting results to the Board of Directors in written and makes suggestions, when required. Minutes are kept open
by the Chairman of the Board of Directors for the review of the Board of Directors.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 7.8pt 0 5.1pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 7.8pt 0 5.1pt; text-align: justify"><B>Secretariat: </B>All minutes
of the Committee meetings are kept by the Board of Directors Office. The Office carries out his duties to keep and archive the minutes
of the Committee meetings and to provide effective information to the members of the Committee and to fulfill other secretarial duties
and procedures.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 7.8pt 0 5.1pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 7.7pt 0 5.1pt; text-align: justify"><B>Quorum for the Meetings and
Resolutions:</B> The Committee meets by the absolute majority of <FONT STYLE="letter-spacing: -0.4pt">the </FONT>attendance of the members
and takes decisions by the majority of the members attending the meeting and opposing opinions are recorded, if any. The decisions of
the Committee are advisory for the Board of Directors.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 7.7pt 0 5.1pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4pt 7.75pt 0 5.1pt; text-align: justify"></P>

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<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4pt 7.75pt 0 5.1pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4pt 7.75pt 0 5.1pt; text-align: justify">The Committee may transfer some
of its duties, if it deems necessary, to one or more sub- committees constituting of two or more members. In establishment of the sub
study group, as well as their own members, expertness of the individuals having sufficient experience and knowledge on Corporate Governance
may be benefitted from as well as their own members in member providing.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 7.5pt 0 5.1pt; text-align: justify">The Committee acts within its power
and responsibility and makes suggestions to the Board of Directors at the points it deems necessary; however, the final responsibility
always belongs to the Board of Directors and does not remove duties and responsibilities of the Board of Directors arising from the Capital
Market legislation and Turkish Commercial <FONT STYLE="letter-spacing: -0.1pt">Code.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.1pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.1pt"></TD><TD STYLE="width: 12pt"><FONT STYLE="font-size: 12pt"><B>5.</B></FONT></TD><TD><FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt"><B>DUTIES AND RESPONSIBILITIES</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.35pt 0 0"><B></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 5.1pt; text-align: justify">The Committee is <FONT STYLE="letter-spacing: -0.1pt">assigned;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0 7.7pt 10pt 5.1pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 12pt; letter-spacing: -0.05pt">a)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.05pt">&nbsp;
</FONT><FONT STYLE="font-size: 12pt">to determine whether the Corporate Governance principles are being implemented at the Company; if
not, to determine the reason of this failure and the conflict of interests arising from failure due to not complying with these principles
and make suggestions to the Board of Directors on improvement of the Corporate Governance practices,</FONT></P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0 7.6pt 10pt 5.1pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 12pt; letter-spacing: -0.05pt">b)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.05pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">By following the world practices about the Corporate Governance Principles, to report the applicability
of those compatible with the Capital Market legislation and the Company structure to the Board of Directors,</FONT></P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0 7.7pt 10pt 5.1pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 12pt; letter-spacing: -0.05pt">c)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.05pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">to provide development, adoption and implementation of the Corporate Governance principles within
the Company, to make improving suggestions by making studies on the subjects it determines the failure of implementation,</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt 5.1pt; text-indent: 2pt"><FONT STYLE="letter-spacing: -0.05pt">d)</FONT>
to supervise the studies of the Investor Relations <FONT STYLE="letter-spacing: -0.1pt">Department, review them regularly, to make recommendations
to the Board of Directors </FONT>at the points it deems necessary and to inform the Board of Directors regarding the communication of
the Company with the investors,</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 2pt 7.8pt 10pt 5.1pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 12pt; letter-spacing: -0.05pt">e)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.05pt">&nbsp;
</FONT><FONT STYLE="font-size: 12pt">to review the templates of Corporate Governance Compliance Report (CGCR) and Corporate Governance
Information Form (CGIF), which are to be disclosed on Public Disclosure Platform with the annual report, annually and within the declaration
term of the financial reports and to submit to the approval of the Board of Directors within the framework of the resolution regarding
the approval of financial statements and annual reports, in conformity with the capital markets regulations and in terms of consistency
</FONT></P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0.05pt 7.75pt 10pt 5.1pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 12pt; letter-spacing: -0.05pt">f)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.05pt">&nbsp;
</FONT><FONT STYLE="font-size: 12pt">to make an annual evaluation meeting at least once a year, to review the corporate governance practices
in the Company, detect the deficiencies, determine the improvements areas and supervise the implementation of those improvements.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.35pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.1pt"></TD><TD STYLE="width: 12pt"><FONT STYLE="font-size: 12pt"><B>6.</B></FONT></TD><TD><FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt"><B>AMENDMENT IN THE WORKING PRINCIPLES</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4pt 7.85pt 0 5.1pt; text-align: justify">The Committee reviews the competence
of Working Principles at least once a year and submits amendment suggestions to the Board of Directors. The prepared suggestions are
taken into the agenda in the first meeting of the Board of Directors and are resolved.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.1pt"></TD><TD STYLE="width: 12pt"><FONT STYLE="font-size: 12pt"><B>7.</B></FONT></TD><TD><FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt"><B>VALIDITY</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.05pt 7.8pt 0 5.1pt; text-align: justify">These Working Principles
and the amendments enter into force on the date they are approved by the Board of Directors.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.05pt 7.8pt 0 5.1pt; text-align: justify">&nbsp;</P>

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<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 2pt 17.95pt 10pt 15.45pt; text-align: center"><FONT STYLE="letter-spacing: -0.3pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 2pt 17.95pt 10pt 15.45pt; text-align: center"><FONT STYLE="letter-spacing: -0.3pt"><B>TURKCELL
ILETI&#350;IM HIZMETLERI A.&#350;. </B></FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 2pt 17.95pt 10pt 15.45pt; text-align: center"><FONT STYLE="letter-spacing: -0.3pt"><B>WORKING
PRINCIPLES OF THE AUDIT COMMITTEE</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 7.7pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 7.1pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-size: 12pt"><B>1.</B></FONT></TD><TD><FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt"><B>BASIS</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 1.8pt 5.4pt 0 5.8pt; text-align: justify"><FONT STYLE="letter-spacing: -0.2pt">Duties
and working principles of the Audit Committee (&#8220;the Committee&#8221;) are determined within the framework of the </FONT>regulations,
provisions and principles in Turkish Commercial Code, Capital Market Law, the Articles of Association of the Company, and with secondary
arrangements of Capital Market Board as well as &#8220;Corporate Governance Principles&#8221; within this scope.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 7.7pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 7.1pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-size: 12pt"><B>2.</B></FONT></TD><TD><FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt"><B>PURPOSE</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 1.8pt 5.7pt 0 5.8pt; text-align: justify">The Audit Committee is established
within the Company according to the relevant legislation and with the resolution of the Board of Directors dated 16 December 2003 and
numbered 293. Purpose of the Audi Committee which works under the Board of Directors is; the supervision of accounting system of the Company,
disclosing financial information to public, independent audit, operation and efficiency of the internal control and internal audit system
of the <FONT STYLE="letter-spacing: -0.1pt">Company.</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.45pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 5.3pt 0 5.8pt; text-align: justify">The Committee is responsible from
the nature and accuracy of the financial statements of the <FONT STYLE="letter-spacing: -0.2pt">Company, application and efficiency of
the accounting system of the Company, qualifications and </FONT><FONT STYLE="letter-spacing: -0.1pt">independency of the independent auditors,
selecting the independent auditing company, approval </FONT>and review of the agreement between the independent auditor and the Company,
operation and efficiency of the independent auditing system of the Company and helping the supervisions of the Board of Directors on implementation
and efficiency of the internal audit of the Company.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 7.7pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 7.1pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-size: 12pt"><B>3.</B></FONT></TD><TD><FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt"><B>STRUCTURE OF THE COMMITTEE</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.05pt 0 10pt 5.8pt; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt"><B>Number
of Members:</B> The Committee is constituted by 3</FONT> <FONT STYLE="letter-spacing: -0.65pt">independent board </FONT><FONT STYLE="letter-spacing: -0.1pt">members.</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 5.7pt 0 5.8pt; text-align: justify"><B>Presidency of the Committee:
</B>The Chairman of the Committee is determined by the Board of Directors. In the selection of the Chairman of the Committee; they are
attentive to select individuals who have been in a similar position previously, have the knowledge to analyze financial statements good
command of the accounting standards and are highly qualified.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.3pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 5.75pt 0 5.8pt; text-align: justify"><B>Members:</B> All members of
the Committee are selected among the independent members of the Board of Directors. At least one of the Committee members should have
at least 5 years of experience in auditing/accounting and finance <FONT STYLE="letter-spacing: -0.1pt">subjects.</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.35pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.05pt 5.6pt 0 5.8pt; text-align: justify"><B>Independency: </B>With
respect to the independency of the members of the Committee; Independency Criteria set in the Corporate Governance Communiqu&eacute; (II-17.1)
published in the Official Gazette dated 03.01.2014 and numbered 28871 are taken as the basis.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.35pt 0 0">&nbsp;</P>


<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.05pt 5.6pt 0 5.8pt; text-align: justify"><B>Membership Duration: </B>The
members of the committee are assigned by the Board of Directors limited to the term of membership in the Board of Directors. The members
of the Board of Directors of the Company assign the Committee members in the first Board meeting following the General Assembly to fulfill
their duties until the selection of the next Board of Directors pursuant to the principles given in this article.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.45pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.45pt 0 0"></P>

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<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.45pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 5.55pt 0 5.8pt; text-align: justify">The Board of Directors may change
the members of the Committee, assign a new member to complete the duty term in lieu of them in case any vacancy occurs in the position
of the members due to dismissal from office, resignation or death.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.35pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 5.65pt 0 5.8pt; text-align: justify"><B>Consultants: </B>The Audit
Committee benefits from independent expert opinions on subjects it needs in relation with its activities. The service fee given for the
consultancy with respect to the Committee needs is met by the Company.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.4pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.05pt 5.8pt 0; text-align: justify"><B>Source:</B> All kinds of sources
and supports required while the Audit Committee fulfills its duties are provided by the Board of Directors. Upon request of the Committee,
the Board of Directors shall provide sufficient finance required for the payments of independent consultants and the ordinary administrative
expenses of the Committee.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.55pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 7.7pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 7.1pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-size: 12pt"><B>4.</B></FONT></TD><TD><FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt"><B>COMMITTEE MEETINGS</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 5.75pt 0 5.8pt; text-align: justify"><B>Meetings:</B> The Audit Committee
meets at least once in three months and at least 4 times a year at times consonant to the ordinary meetings of the Board of Directors.
The Chairman of the Committee determines the schedule and frequency of the Board meetings provided that he shall take the opinion of the
other members of the Committee. The Committee, can make a call for a meeting upon claim of the Chairman, the Board of Directors, another
member of the Committee, Independent Auditor, the General Manager or the Executive Vice President of Finance. The Committee has to make
a call for a meeting upon claim of the Chairman within reasonable time.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 5.75pt 0 5.8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 5.75pt 0 5.8pt; text-align: justify">The committee meetings can be
hold either by gathering the members or technological communication facilities.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.4pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 5.75pt 0 5.8pt; text-align: justify">The Committee may invite an executive
or consultant, who is deemed necessary, to its meetings and may take their opinions. <FONT STYLE="letter-spacing: -0.15pt">I</FONT>ndependent
Auditors can attend the meetings with the General Manager, Executive Vice President of Finance, Internal Audit Director and the Risk Managers
at the same or in different sessions. Independent auditors may take place at meetings related to the assessment of the financial statements
and give information on their studies during the relevant meeting.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.05pt 5.65pt 0 5.8pt; text-align: justify"><B>Agenda: </B>The Chairman
of the Committee constitutes the agenda of the Committee provided that he shall take the opinion of the Chairman and other Members of
the Committee, the Board of Directors, the General Manager, Executive Vice President of Finance and the Internal Audit Director. The agenda
and information and documents related to the works to be performed at each Committee meeting shall be transmitted to the members of the
Committee to be reviewed at reasonable times before each meeting to the extent it may be <FONT STYLE="letter-spacing: -0.1pt">fulfilled.</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.4pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.5pt 5.75pt 0 7.1pt; text-align: justify"><B>Reporting: </B>The Committee
puts all studies performed and the resolutions in written and keeps the records. It submits the minutes and the reports including information
on the studies and the meeting results to the Board of Directors in written and makes suggestions, when required. Minutes are kept open
by the Chairman of the Board of Directors for the review of the Board of Directors.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.5pt 5.75pt 0 7.1pt; text-align: justify"><B></B></P>

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<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.5pt 5.75pt 0 7.1pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.5pt 5.75pt 0 7.1pt; text-align: justify"><B>Secretariat:</B> All minutes
of the Committee meetings are kept by the Board of Directors Office. The Office carries out his duties to keep and archive the minutes
of the Audit Committee meeting minutes and to provide effective information to the members of the Committee and to fulfill other secretarial
duties and procedures.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 0 7.1pt">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 6pt 0 7.1pt; text-align: justify"><B>Quorum for the Meetings and Resolutions:
</B>The Committee meets by the attendance of all the members and takes decisions by the majority of the members attending the meeting
and opposing opinions are recorded, if any. The decisions of the Committee are advisory for the Board of Directors.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 7.7pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 7.1pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-size: 12pt"><B>5.</B></FONT></TD><TD><FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt"><B>DUTIES AND RESPONSIBILITIES</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.05pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 5.25pt 0 5.8pt; text-align: justify"><B>Financial Statement and Public <FONT STYLE="letter-spacing: -0.1pt">Disclosure</FONT></B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 5.25pt 0 5.8pt; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 5.25pt 0 5.8pt; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">The
Audit Committee reports in written its own evaluations made with respect to the authenticity </FONT><FONT STYLE="letter-spacing: -0.3pt">and
accuracy of the annual and interim financial statements to be disclosed and their conformity with </FONT>the accounting principles of
the Company to the Board of Directors, together with the opinions of the responsible managers of the Company (the General Manager and
the Executive Vice President of Finance, Internal Audit Director, Risk Manager) and the independent <FONT STYLE="letter-spacing: -0.1pt">auditors.</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 5.25pt 0 5.8pt; text-align: justify"><B>Independent Audit Firm</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.55pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 5.45pt 0 5.8pt; text-align: justify">Selection of the independent audit
company, and initiating independent audit process by executing independent audit agreements and studies of the independent audit firm
in every <FONT STYLE="letter-spacing: -0.1pt">phase are carried out under the supervision of the Committee through ordinary meetings.</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.3pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.05pt 5.6pt 0 5.8pt; text-align: justify">The independent audit firm
of the Company and services that will be received from these firms and their fee are determined by the Committee and submitted to the
approval of the Board of Directors.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.3pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.05pt 5.6pt 0 5.8pt; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">The
Committee supervises and controls whether the auditor offers any service other than the audit service. The Committee ensures the independency
of the independent auditors and prevention of </FONT>conflicts of interests defined with the relevant legislation while the independent
auditors fulfill their duties.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.3pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.05pt 5.65pt 0 5.8pt; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">The
Committee receives the reports on the internal quality control procedures of the independent </FONT>auditor, significant issues arising
in the evaluation of the latest independent quality control or significant issues arisen in the examinations, evaluations or investigations
carried out by governmental organizations, occupational or administrative authorities within the last five <FONT STYLE="letter-spacing: -0.1pt">years</FONT>
or significant issues arisen in the latest internal quality control evaluation of the independent auditor and the steps taken on these
subjects and describing all relations between the independent auditor and the Company (to evaluate the independency of the independent
auditor), prepared by the independent auditor, from the lead partner auditor and a senior representative of the independent auditing company
at least four time in a year and at least once in every three months or more frequently in a way <FONT STYLE="letter-spacing: -0.2pt">the
Committee finds reasonable, and reviews this report with the lead partner auditor and the senior </FONT><FONT STYLE="letter-spacing: -0.1pt">representative.</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.35pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.35pt 0 0"></P>

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<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.35pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.05pt 5.65pt 0 5.8pt; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">The
Committee provides regular change of the audit companies as required by CMB legislation. The Committee shall evaluate experience and qualifications
of the independent audit team.</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 5.25pt 0 5.8pt; text-align: justify"><B>Internal Audit and Internal Control</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.55pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 5.7pt 0 5.8pt; text-align: justify">Methods and criteria to be applied
on reviewing and finalizing the complaints received by the Company related to the accounting and internal control system of the Company
and evaluating notices of the Company&#8217;s employees which are matter of accounting and independent audit of the Company within the
framework of privacy policy are determined by the Committee.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.3pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 0 5.8pt; text-align: justify"><FONT STYLE="letter-spacing: -0.2pt">The
Committee;</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 23.75pt"></TD><TD STYLE="width: 10.35pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 5.9pt"><FONT STYLE="font-size: 12pt">Follows whether the Company activities are carried
out in compliance with the legislation and inter-Company arrangements,</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.45pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 23.75pt"></TD><TD STYLE="width: 10.35pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 5.75pt"><FONT STYLE="font-size: 12pt">Determines the procedures of delivery, preservation
and evaluation of the complaints which are matter of accounting applications, internal accounting control system or independent auditor
by the Company; and evaluation of notices which are matter of suspicious accounting or independent audit issues safely and confidentially,</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0.05pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 23.75pt"></TD><TD STYLE="width: 10.35pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 5.3pt"><FONT STYLE="font-size: 12pt">Evaluates the scope, planning and assignment of the
audit activity of the current year with the General Manager, the Executive Vice President of Finance, Internal Audit Director, Risk Manager
and the independent auditor. The Committee reviews structure, planning and results of the Internal Audit team additionally,</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.1pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 23.75pt"></TD><TD STYLE="width: 10.35pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 6.1pt"><FONT STYLE="font-size: 12pt">Performs studies on quality, efficiency and sufficiency
of the internal audit system and reports to the Executives,</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 23.8pt"></TD><TD STYLE="width: 10.3pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD><FONT STYLE="font-size: 12pt">Enforces the measures required for the internal audit to be carried out <FONT STYLE="letter-spacing: -0.1pt">transparently,</FONT></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.1pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 23.8pt"></TD><TD STYLE="width: 10.3pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD><FONT STYLE="font-size: 12pt">Prepares Internal Audit report and submits to the executives&#8217; <FONT STYLE="letter-spacing: -0.1pt">attention.</FONT></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.05pt 0 0 23.8pt; text-align: justify">The Committee acts in its power
and responsibility and notifies its findings and assessments on the issue and its proposals to the Board of Directors written and makes
suggestions to the Board of Directors at the points where it deems necessary; however, the final responsibility always belongs to the
Board of Directors and does not remove duties and responsibilities of the Board of Directors arising from the Capital Markets regulation
and the Turkish Commercial Code.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin-top: 0.05pt; margin-right: 0; margin-bottom: 0; text-align: left">&nbsp;</P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin-top: 0.05pt; margin-right: 0; margin-bottom: 0; text-align: left"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 7.7pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 23.8pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-size: 12pt"><B>6.</B></FONT></TD><TD><FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt"><B>AMENDMENT IN THE WORKING PRINCIPLES</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 5.95pt 0 23.8pt; text-align: justify">The Committee reviews the competence
of Working Principles at least once a year and submits amendment suggestions to the Board of Directors. The prepared suggestions are taken
into the agenda in the first meeting of the Board of Directors and are resolved.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 5.95pt 0 23.8pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 7.7pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 23.8pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-size: 12pt"><B>7.</B></FONT></TD><TD><FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt"><B>VALIDITY</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 5.95pt 0 23.8pt; text-align: justify">The provisions of these Working
Principles enter into force on the date they are approved by the Board of Directors and are conducted by the Board of Directors.</P>

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.9pt 95.75pt 10pt 82.15pt; text-align: center"><B>TURKCELL ILETI&#350;IM
HIZMETLERI A.&#350;.</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.9pt 95.75pt 10pt 82.15pt; text-align: center"><B>WORKING
PRINCIPLES OF THE NOMINATION COMMITTEE</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 4.5pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 12.8pt"></TD><TD STYLE="width: 12pt"><FONT STYLE="font-size: 12pt"><B>1.</B></FONT></TD><TD><FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt"><B>BASIS</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 11.45pt 0.45in 0 12.8pt; text-align: justify">Duties and rules of procedures
of the Nomination Committee (the &#8220;Committee&#8217;&#8217;) are determined within the framework of the regulations, provisions and
principles in the Turkish Commercial Code, the Capital Market Law, Articles of Association of the Company and Capital Market Board&#8217;s
&#8220;Corporate Governance Principles&#8221;.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.4pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 12.8pt"></TD><TD STYLE="width: 11pt"><B>2.</B></TD><TD><FONT STYLE="letter-spacing: -0.1pt"><B>PURPOSE:</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.35pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 32.65pt 0 12.8pt; text-align: justify">Purpose of these Working Principles
(the &#8220;Working Principles&#8221;) is to determine duties, authorities, responsibilities and working procedures and principles of
the Nomination Committee (&#8220;Committee&#8221;) established in the body of the Company and within the direction of Corporate Governance
Communiqu&eacute; No.II-17.1 of the Capital Market Board (the &#8220;Communiqu&eacute;&#8221;), to create a transparent system for determining,
evaluating and training proper nominees for the Board of Directors, including independent board memberships of Turkcell &#304;leti&#351;im
Hizmetleri A.&#350;. (&#8220;the Company&#8221;), and executives having administrative responsibilities and to perform studies on determining
policies and strategies on this subject and to make suggestions to the Board of Directors (the &#8220;Board&#8221;).</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 12.8pt"></TD><TD STYLE="width: 11pt"><B>3.</B></TD><TD><B>STRUCTURE OF THE <FONT STYLE="letter-spacing: -0.1pt">COMMITTEE</FONT></B></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.4pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 31.7pt 10pt 12.8pt; text-align: justify"><B>Number of Members:</B>
The Committee consists of at least 3 members determined by the Board of <FONT STYLE="letter-spacing: -0.1pt">Directors.</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.45pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 32.6pt 0 12.8pt; text-align: justify"><B>Presidency of the Committee:
</B>The Chairman of the Committee is elected by the Board of Directors from among the independent members of the Board of Directors. Individuals
as the General Manager who directly undertakes performance functions cannot participate in the Committee.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.15pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 32.95pt 0 12.8pt; text-align: justify"><B>Membership Duration: </B>Committee
members are appointed by the Board of Directors limited to the term of membership of the Board of Directors. The members of the Board
of Directors of the Company assign the new Committee members in accordance with the principles set forth in this article in the first
Board of Directors meeting following the General Assembly to fulfill their duties until the selection of the next Board of Directors.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.3pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 32.75pt 0 12.8pt; text-align: justify">The Board of Directors may change
the members of the Committee, assign a new member to complete the duty term in lieu of them in case any vacancy occurs in the position
of the members due to dismissal from office, resignation or death.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.15pt 0 0">&nbsp;</P>

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<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.15pt 0 0"></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.05pt 32.65pt 0 12.8pt; text-align: justify"><B>Consultants: </B>The
Committee benefits from independent expert opinions on subjects it needs in relation with its activities. The service fee given for the
consultancy with respect to the Committee needs is met by the Company.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4pt 32.75pt 0 12.8pt; text-align: justify"><B>Source:</B> All kinds of
sources and supports required while the Committee fulfills its duties are provided by the Board of Directors. Upon request of the Committee,
the sufficient finance required for the payments of independent consultants of the Committee and the ordinary administrative expenses
of the Committee shall be provided by the Board of Directors.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.35pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 12.8pt"></TD><TD STYLE="width: 12pt"><FONT STYLE="font-size: 12pt"><B>4.</B></FONT></TD><TD><FONT STYLE="font-size: 12pt"><B>COMMITTEE <FONT STYLE="letter-spacing: -0.1pt">MEETINGS</FONT></B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.35pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 32.75pt 0 12.8pt; text-align: justify"><B>Meetings: </B>The Chairman
of the Committee determines the schedule and frequency of the meetings both for the Board of Directors positions and the managing positions
having administrative responsibilities and according to the need for selection of the independent membership of the Board of Directors
within the period prescribed by the legislation, provided that he shall be in negotiation with the other members of the Committee. The
Chairman of the Committee has to make a meeting invitation upon claim of a member of the Board of Directors or the Committee within reasonable
time.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.2pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 32.55pt 0 12.8pt; text-align: justify">The Committee may invite an
executive, who is deemed necessary, to its meetings and may take their opinions.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 32.55pt 0 12.8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 32.55pt 0 12.8pt; text-align: justify">Committee meetings can be held
by gathering of the members as well as with technological communication facilities.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 32.75pt 0 12.8pt; text-align: justify"><B>Agenda: </B>The Chairman
of the Committee constitutes the agenda of the Committee provided that he shall be in negotiation with the other members of the Committee
and the Board of Directors. The agenda and information and documents related to the works to be performed at each Committee meeting shall
be transmitted to the members of the Committee to be reviewed at a reasonable time before each meeting to the extent it may be fulfilled.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 32.75pt 0 12.8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 33pt 0 12.8pt; text-align: justify"><B>Reporting: </B>The Committee
puts all studies performed in writing and keeps the records. It submits the minutes and the reports including information on the studies
and the meeting results to the Board of Directors in written and makes suggestions. Minutes are kept open by the Chairman of the Board
of Directors for the review of the Board of Directors.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 33pt 0 12.8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 33pt 0 12.8pt; text-align: justify"><B>Secretariat:</B> All minutes
of the Committee meetings are kept by the Board of Directors Office. The Office carries out his duties to keep and archive the minutes
of the Committee meetings and to provide effective information to the members of the Committee and to fulfill other secretarial duties
and procedures.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.15pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 32.85pt 0 12.8pt; text-align: justify"><B>Quorum for the Meetings and
Resolutions: </B>The Committee meets by the absolute majority of <FONT STYLE="letter-spacing: -0.4pt">the</FONT> attendance of the members
and takes decisions by the majority of the members attending the meeting and all opposing opinions are recorded, if any. The decisions
of the Committee are advisory for the Board of Directors.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.3pt 0 0">&nbsp;</P>

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<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.3pt 0 0"></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 32.9pt 0 12.8pt; text-align: justify">The Committee acts within its
power and responsibility and makes suggestions to the Board of Directors at the points it deems necessary; however, the final responsibility
always belongs to the Board of Directors and does not remove duties and responsibilities of the Board of Directors arising from the Capital
Market legislation and Turkish Commercial Code.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 10.3pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 12.8pt"></TD><TD STYLE="width: 12pt"><FONT STYLE="font-size: 12pt"><B>5.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt"><B>DUTIES AND <FONT STYLE="letter-spacing: -0.1pt">RESPONSIBILITIES</FONT></B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.3pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 0 12.8pt; text-align: justify">The Committee is <FONT STYLE="letter-spacing: -0.1pt">assigned;</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.45pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0.05pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 12.8pt"><FONT STYLE="font-size: 12pt"><B>a)</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 32.7pt"><FONT STYLE="font-size: 12pt">to make regular evaluations on the structure and
efficiency of the Board of Directors and submit its suggestions, on possible amendments which may be made within this respect, to the
Board of Directors,</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.3pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0.05pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 12.8pt"><FONT STYLE="font-size: 12pt"><B>b)</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 32.75pt"><FONT STYLE="font-size: 12pt">to create a transparent system for determining,
evaluating and training proper nominees for the Board of Directors and the executive positions having administrative responsibilities
and to perform studies on determining policies and strategies on this subject,</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.2pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 12.8pt"><FONT STYLE="font-size: 12pt"><B>c)</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 32.7pt"><FONT STYLE="font-size: 12pt">to evaluate proposals of candidates for nomination,
including those of the management and the investors, made with respect to, selection of the independent members of the Board of Directors
within the framework of the independence criteria set forth in the Corporate Governance Principles of Capital Market Legislation, to prepare
evaluation reports and submit those together with the Evaluation Forms filled on the basis of the Committee member for consideration of
the Board of Directors,</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.2pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 12.8pt"><FONT STYLE="font-size: 12pt"><B>d)</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 32.7pt"><FONT STYLE="font-size: 12pt">to be a basis for the evaluations of the independent
candidates for nomination of the Board of Directors, to request information and documents, including declaration of independence, required
by the Corporate Governance Principles and make interviews with the candidates for nomination, if necessary,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 6.05pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 12.8pt"><FONT STYLE="font-size: 12pt"><B>e)</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 32.65pt"><FONT STYLE="font-size: 12pt">to ensure the filling of the Board of Directors
Nominee Evaluation Form (the &#8220;Evaluation Form&#8221;) related to the candidates for nomination, on the basis of each Committee member,
in a way that will include the reasons of the negative evaluations, if any, and collect before the Chairman of the Committee,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 12.8pt"><FONT STYLE="font-size: 12pt"><B>f)</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 32.6pt"><FONT STYLE="font-size: 12pt">Before submitting the Evaluation Report to the Board
of Directors, in case any members of the Committee requests to revise his evaluation related to the respective nominee, to meet upon the
invitation of the Committee Chairman or another member of the Committee and to provide an opportunity for this (each member has a right
to revise his/her evaluation only for <FONT STYLE="letter-spacing: -0.1pt">once),</FONT></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.05pt 33.25pt 0 12.8pt; text-align: justify">and acts within its power
and responsibility, the final decision responsibility always belongs to the Board of Directors.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.2pt 0 0">&nbsp;</P>

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<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.2pt 0 0"></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 32.75pt 0 12.8pt; text-align: justify">The Committee may transfer some
of its duties, if it deems necessary, to one or more sub- committees constituting of two or more members. In establishment of the sub
committees, as well as their own members, expertness of the individuals having sufficient experience and knowledge on Corporate Governance
may be benefitted from in member providing.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.45pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 12.8pt"></TD><TD STYLE="width: 12pt"><FONT STYLE="font-size: 12pt"><B>6.</B></FONT></TD><TD><FONT STYLE="font-size: 12pt"><B>AMENDMENT IN THE WORKING <FONT STYLE="letter-spacing: -0.1pt">PRINCIPLES</FONT></B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 32.85pt 0 12.8pt; text-align: justify">The Committee reviews the adequacy
of these Working Principles at least once a year and submits the proposals for amendments to the Board of Directors. The prepared suggestions
are taken into the agenda in the first meeting of the Board of Directors and are resolved.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 32.85pt 0 12.8pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 12.8pt"></TD><TD STYLE="width: 12pt"><FONT STYLE="font-size: 12pt"><B>7.</B></FONT></TD><TD><FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt"><B>VALIDITY</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 33.2pt 0 12.8pt; text-align: justify">These Working Principles and
the amendments enter into force on the date they are approved by the Board of Directors.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.5pt 0 10pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.5pt 0 10pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.5pt 0 10pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.5pt 0 10pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.5pt 0 10pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.5pt 0 10pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.5pt 0 10pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.5pt 0 10pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.5pt 0 10pt; text-align: justify"><B></B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.5pt 0 10pt; text-align: justify"><B></B></P>

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<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.5pt 0 10pt; text-align: justify"><B></B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.5pt 0 10pt; text-align: justify"><B>Annex 1:</B> Declaration of <FONT STYLE="letter-spacing: -0.1pt">Independence</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 9.3pt 78.95pt 0 58.85pt; text-align: center"><B>DECLARATION OF <FONT STYLE="letter-spacing: -0.1pt">INDEPENDENCE</FONT></B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 1.8pt 32.6pt 0 12.8pt; text-align: justify">I agree, undertake and declare
that I have read and understood the Capital Market Legislation, the Articles of Association of the Company and Capital Market Board&#8217;s
Corporate Governance Principles in the attachment of &#8220;Corporate Governance Communiqu&eacute;&#8221; number II-17.1 of the Capital
Market Board and that I bear all of the criteria of the Independent Membership of the Board of Directors which its limitation are stated
in the principle no. 4.3.6 which takes place in the attachment of this declaration and within the framework of the relevant legislation.
&#8230;/&#8230;./&#8230;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.5pt 0 0 12.8pt"><FONT STYLE="letter-spacing: -0.1pt">[date]</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.2pt 0 10pt">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 0 12.8pt">Name / Family <FONT STYLE="letter-spacing: -0.2pt">Name</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 2.15pt 0 0 48.25pt"><FONT STYLE="letter-spacing: -0.1pt">[Signature]</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.5pt 0 10pt 12.8pt"><B>ANNEX:1</B> Capital Market <FONT STYLE="letter-spacing: -0.25pt">Law</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 2.05pt 34.6pt 0 12.8pt"><B>ANNEX:2</B> Capital Market Board&#8217;s Corporate
Governance Principles in the attachment of &#8220;Corporate Governance Communiqu&eacute;&#8221; number II-17.1 of the Capital Market Board
<B>ANNEX:3 </B>Capital Market Board, Corporate Governance Principle no: 4.3.6</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.05pt 34.6pt 0 12.8pt"><B>&#8220;4.3.6- </B>The member of the Board
of Directors who bears all of the below criteria is qualified as an &#8220;independent member&#8221;.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.35pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0.05pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.9pt"></TD><TD STYLE="width: 11.9pt">a)</TD><TD STYLE="text-align: justify; padding-right: 32.65pt"><FONT STYLE="font-size: 12pt; line-height: 115%">Not having employment relation
as an executive holding the manager position undertaking important duties and responsibilities within the last five years, not having
the possession of more than 5% of the capital or voting rights or of the privileged shares per se or in tandem or not having a significant
commercial relationship (<I>In case partnerships within the scope of this item has been inactive for the last 3 fiscal period, there shall
not constitute any contradiction against independence criteria. Within the scope of this item, for an independent member nominee or any
of the partnerships, if the rate of the pre-tax turnover/profit obtained from an important commercial relation is equals to 20% or more
of the pre-tax turnover/profit rateobtained from similar operations, the independency criteria is considered not satisfied</I>) established
&#8211;between the Company, partnerships which the Company effects or have administrative control or have significant effect on, (<I>In
determination of whether there is a control or not, provisions of TFRS 10 should be taken into account and in determination of whether
there is a significant effect or not, provisions of TAS 28 should be taken into account</I>) and legal entities where these partners hold
the administrative control, and themselves, their spouses and relatives by blood or by marriage up to the second degree.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 4pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.9pt"></TD><TD STYLE="width: 11.9pt">b)</TD><TD STYLE="text-align: justify; padding-right: 32.85pt"><FONT STYLE="font-size: 12pt; line-height: 115%">Not being a partner (5% and over),
an executive holding a manager position which undertakes significant duties and responsibilities or a member of the Board of Directors
at the companies which the Company has purchased or sold a significant amount of goods and services, auditing (including tax audit, legal
audit and internal audit), scaling and consulting being in the first place, within the framework of the agreements executed, during the
purchase and sales period of such goods and services, , , within the last five years.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.9pt"></TD><TD STYLE="width: 11.9pt">c)</TD><TD STYLE="text-align: justify; padding-right: 33pt"><FONT STYLE="font-size: 12pt; line-height: 115%">Having the professional education,
knowledge and experience to perform duly the duties he shall undertake for being an independent member of the Board of Directors.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 32.9pt 12pt 12.8pt; text-align: justify">&ccedil;) Provided that it is
compatible with the respective legislation except being an academician, they shall not be working fulltime at any public institution or
organization after being selected as a member</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.9pt"></TD><TD STYLE="width: 11.9pt">d)</TD><TD STYLE="text-align: justify; padding-right: 33.05pt"><FONT STYLE="font-size: 12pt; line-height: 115%">To be considered as settled in
Turkey according to the Income Tax Law (G.V.K.) with date 31/12/1960 and number 193</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.9pt"></TD><TD STYLE="width: 11.9pt">e)</TD><TD STYLE="text-align: justify; padding-right: 32.6pt"><FONT STYLE="font-size: 12pt; line-height: 115%">Having strong ethical standards,
professional reputation and experience which will allow him/her to make positive contributions to the Company activities, to remain neutral
at the conflicts of interests between the Company and the shareholders, and to decide liberally by considering the rights of the beneficiaries</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.9pt"></TD><TD STYLE="width: 11.9pt">f)</TD><TD STYLE="text-align: justify; padding-right: 32.6pt"><FONT STYLE="font-size: 12pt; line-height: 115%">Being able to allocate sufficient
time for business of the Company which will allow him/her to follow the operations of the Company and to carry out the requirements of
the duties he has undertaken in full.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.9pt"></TD><TD STYLE="width: 11.9pt">g)</TD><TD STYLE="text-align: justify; padding-right: 32.75pt"><FONT STYLE="font-size: 12pt; line-height: 115%">Not carrying out membership of
the Board of Directors more than six years within the last ten years at the Board of Directors of the Company</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 32.8pt 12pt 12.8pt; text-align: justify">&#287;) Not being in charge of
as the independent member of the Board of Directors in more than three of the companies where the Company or partners holding the administrative
control of these companies and in more than five publicly-traded companies in total</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.9pt"></TD><TD STYLE="width: 11.9pt">h)</TD><TD STYLE="text-align: justify; padding-right: 32.85pt"><FONT STYLE="font-size: 12pt; line-height: 115%">Not being registered or announced
on behalf of the legal entity that is elected as the member of the Board of Directors.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.5pt 0 10pt 12.8pt"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.5pt 0 10pt 12.8pt"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.5pt 0 10pt 12.8pt"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.5pt 0 10pt 12.8pt"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; text-align: left; margin-top: 4.5pt; margin-right: 0; margin-bottom: 10pt"><B>&nbsp;</B></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; text-align: left; margin-top: 4.5pt; margin-right: 0; margin-bottom: 10pt"><B></B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.5pt 0 10pt 12.8pt"><B><U>Annex 2</U></B>: Curriculum <FONT STYLE="letter-spacing: -0.2pt">Vitae</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 78.95pt 10pt 58.95pt; text-align: center"><B><U>CURRICULUM <FONT STYLE="letter-spacing: -0.1pt">VITAE</FONT></U></B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.15pt 0 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 30%; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 8%; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 62%; padding-left: 48.55pt; line-height: 115%"><FONT STYLE="font-size: 12pt; line-height: 115%">I. Personal <FONT STYLE="letter-spacing: -0.1pt">Information</FONT></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 0.75pt; padding-left: 2.5pt; line-height: 115%"><FONT STYLE="font-size: 12pt; line-height: 115%">Name/Family <FONT STYLE="letter-spacing: -0.2pt">Name</FONT></FONT></TD>
    <TD STYLE="padding-top: 1.3pt; padding-right: 8.1pt; text-align: right; line-height: 115%"><FONT STYLE="font-size: 12pt; line-height: 115%">:</FONT></TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 0.75pt; padding-left: 2.5pt; line-height: 115%"><FONT STYLE="font-size: 12pt; line-height: 115%">Date of <FONT STYLE="letter-spacing: -0.1pt">Birth</FONT></FONT></TD>
    <TD STYLE="padding-top: 1.45pt; padding-right: 8.1pt; text-align: right; line-height: 115%"><FONT STYLE="font-size: 12pt; line-height: 115%">:</FONT></TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 0.75pt; padding-left: 2.5pt; line-height: 115%"><FONT STYLE="font-size: 12pt; line-height: 115%">Contact <FONT STYLE="letter-spacing: -0.1pt">Information</FONT></FONT></TD>
    <TD STYLE="padding-top: 1.45pt; padding-right: 8.1pt; text-align: right; line-height: 115%"><FONT STYLE="font-size: 12pt; line-height: 115%">:</FONT></TD>
    <TD STYLE="padding-top: 0.75pt; padding-left: 8.25pt; line-height: 115%"><FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt; line-height: 115%">telephone/fax</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-top: 0.75pt; padding-left: 8.25pt; line-height: 115%"><FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt; line-height: 115%">e-</FONT><FONT STYLE="font-size: 12pt; letter-spacing: -0.2pt; line-height: 115%">mail</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-top: 0.8pt; padding-left: 8.25pt; line-height: 115%"><FONT STYLE="font-size: 12pt; line-height: 115%">permanent <FONT STYLE="letter-spacing: -0.1pt">residence</FONT></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD>
    <P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.75pt 0 0 8.25pt"><FONT STYLE="letter-spacing: -0.1pt">correspondence</FONT></P>
    <P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 2.05pt 0 0 8.25pt">(notification) <FONT STYLE="letter-spacing: -0.1pt">address</FONT></P></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.5pt 0 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="border: black 1pt solid; padding-left: 213.25pt; line-height: 115%"><FONT STYLE="font-size: 12pt; line-height: 115%">II. <FONT STYLE="letter-spacing: -0.1pt">Education</FONT></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 23%; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 7.6pt; padding-left: 13.3pt; line-height: 115%"><FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt; line-height: 115%">Education/Degree</FONT></TD>
    <TD STYLE="width: 6%; border-bottom: black 1pt solid; border-right: black 1pt solid; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 28%; border-bottom: black 1pt solid; border-right: black 1pt solid">
    <P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 8.75pt 0 9.35pt; text-align: center">Name of the <FONT STYLE="letter-spacing: -0.1pt">Educational</FONT></P>
    <P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 2.05pt 8.75pt 0 9.2pt; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">Institution</FONT></P></TD>
    <TD STYLE="width: 43%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-top: 7.6pt; padding-left: 61.65pt; line-height: 115%"><FONT STYLE="font-size: 12pt; line-height: 115%">Graduation <FONT STYLE="letter-spacing: -0.2pt">Date</FONT></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 2.7pt; padding-left: 3.45pt; line-height: 115%"><FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt; line-height: 115%">[Degree]</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 2.7pt; padding-left: 0.45pt; text-align: center; line-height: 115%"><FONT STYLE="font-size: 12pt; line-height: 115%">:</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; line-height: 115%">&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; padding-top: 2.7pt; padding-left: 3.45pt; line-height: 115%"><FONT STYLE="font-size: 12pt; line-height: 115%">Foreign <FONT STYLE="letter-spacing: -0.1pt">Languages</FONT></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 2.7pt; padding-left: 0.45pt; text-align: center; line-height: 115%"><FONT STYLE="font-size: 12pt; line-height: 115%">:</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; line-height: 115%">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.35pt 0 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="border: black 1pt solid; padding-top: 2.55pt; padding-left: 182.4pt; line-height: 115%"><FONT STYLE="font-size: 12pt; line-height: 115%">III. Work Experience <FONT STYLE="letter-spacing: -0.25pt">(1)</FONT></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 23%; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid">
    <P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 4.1pt 0 4.55pt; text-align: center">The Company <FONT STYLE="letter-spacing: -0.2pt">Name/</FONT></P>
    <P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 2.15pt 4.1pt 0 4.55pt; text-align: center">Position <FONT STYLE="letter-spacing: -0.25pt">(2)</FONT></P></TD>
    <TD STYLE="width: 6%; border-bottom: black 1pt solid; border-right: black 1pt solid; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 28%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-top: 7.65pt; padding-left: 24.1pt; line-height: 115%"><FONT STYLE="font-size: 12pt; line-height: 115%">Start and End <FONT STYLE="letter-spacing: -0.2pt">Date</FONT></FONT></TD>
    <TD STYLE="width: 43%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-top: 7.65pt; padding-left: 52.55pt; line-height: 115%"><FONT STYLE="font-size: 12pt; line-height: 115%">Termination <FONT STYLE="letter-spacing: -0.1pt">Reason</FONT></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.1pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.5pt 78.95pt 0 82.4pt; text-align: center">IV. Relations with the Company
and the related party of the <FONT STYLE="letter-spacing: -0.1pt">Company Operation</FONT></P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0 0 0 12.8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="RIGHT" STYLE="width: 80%; font: 11pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 4.1pt 0 4.55pt; text-align: center"></TD>
    <TD STYLE="border: Black 1pt solid; width: 12%; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 26%; padding-top: 7.65pt; padding-left: 24.1pt; line-height: 115%"><FONT STYLE="font-size: 12pt; line-height: 115%">Relation Type</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 42%; padding-top: 7.65pt; padding-left: 52.55pt; line-height: 115%"><FONT STYLE="font-size: 12pt; line-height: 115%">Total(TL/ton/amount)</FONT></TD></TR>
  </TABLE>


<P STYLE="margin: 0"></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 4.5pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 12.8pt"></TD><TD STYLE="width: 16.85pt"><FONT STYLE="font-size: 12pt">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">Please list the experiences within the last 10 <FONT STYLE="letter-spacing: -0.1pt">years.</FONT></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt/115% Times New Roman, Times, Serif; margin-top: 4.5pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 12.8pt"></TD><TD STYLE="width: 16.85pt"><FONT STYLE="font-size: 12pt">(2)</FONT></TD><TD STYLE="text-align: justify; padding-right: 32.9pt"><FONT STYLE="font-size: 12pt">Please list your Board of Directors membership and
your other positions including your participation in any Board Committee of the relevant Company.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 8.15pt 32.9pt 10pt 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 8.15pt 32.9pt 10pt 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 8.15pt 32.9pt 10pt 0">&nbsp;</P>

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<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.15in 0 10pt 12.8pt"><B><U>Annex <FONT STYLE="letter-spacing: -0.25pt">3</FONT></U></B><FONT STYLE="letter-spacing: -0.25pt">:</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.55pt 0 10pt 38pt"><B>INDEPENDENT COMMITTEE MEMBERSHIP NOMINEE EVALUATION
<FONT STYLE="letter-spacing: -0.2pt">FORM</FONT></B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.05pt 0 10pt 12.8pt"><B>Name of the Nominated <FONT STYLE="letter-spacing: -0.1pt">Person:</FONT></B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 7.95pt 0 10pt 12.8pt"><B>Date of <FONT STYLE="letter-spacing: -0.1pt">Nomination:</FONT></B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 7.9pt 0 10pt 12.8pt"><B>Evaluation <FONT STYLE="letter-spacing: -0.2pt">Date:</FONT></B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 32.7pt 0 12.8pt; text-align: justify">Within the scope of the independence
criteria stated in the Capital Market Legislation, the Articles of Association of the Company and the Capital Market Board&#8217;s Corporate
Governance Principles attached in the annex of the &#8220;Corporate Governance Communiqu&eacute;&#8221; with number II-17.1 of the Capital
Market Board, upon reviewing the independent member nominee of the Committee......................................................nominated by ________________&#9;<FONT STYLE="letter-spacing: -0.5pt">;</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 4.5pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 15.8pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.05pt">a)</FONT></TD><TD STYLE="text-align: justify; padding-right: 32.55pt"><FONT STYLE="font-size: 12pt">Not having employment relation as an executive
                                                                                                                            holding the manager position undertaking important duties and responsibilities within the last five years, not having the possession
                                                                                                                            of more than 5% of the capital or voting rights or of the privileged shares per se or in tandem or not having a significant
                                                                                                                            commercial relationship (<I>In case partnerships within the scope of this item has been inactive for the last 3 fiscal period, there
                                                                                                                            shall not constitute any contradiction against independence criteria. Within the scope of this item, for an independent member
                                                                                                                            nominee or any of the partnerships, if the rate of the pre-tax turnover/profit obtained from an important commercial relation is
                                                                                                                            equals to 20% or more of the pre-tax turnover/profit rate obtained from similar operations, the independency criteria is considered
                                                                                                                            not satisfied</I>) established &#8211;between the Company, partnerships which the Company effects or have administrative control or
                                                                                                                            have significant effect on, (<I>In determination of whether there is a control or not, provisions of TFRS 10 should be taken into
                                                                                                                            account and in determination of whether there is a significant effect or not, provisions of TAS 28 should be taken into account</I>)
                                                                                                                            and legal entities where these partners hold the administrative control, and themselves, their spouses and relatives by blood or by
                                                                                                                            marriage up to the second degree.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 7.85pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 66.8pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="padding-right: 324.3pt"><FONT STYLE="font-size: 12pt">Positive / Negative <FONT STYLE="letter-spacing: -0.1pt">Comment:</FONT></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.15pt 0 10pt 84.8pt"><FONT STYLE="letter-spacing: -0.1pt">&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 2.05pt 0 10pt 84.8pt"><FONT STYLE="letter-spacing: -0.2pt">&#8230;&#8230;..</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 2.05pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.7pt"></TD><TD STYLE="width: 28.1pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.05pt">b)</FONT></TD><TD STYLE="text-align: justify; padding-right: 32.85pt"><FONT STYLE="font-size: 12pt">Not being a partner (5% and over), an executive
holding a manager position which undertakes significant duties and responsibilities or a member of the Board of Directors at the companies
which the Company has purchased or sold a significant amount of <FONT STYLE="letter-spacing: -0.1pt">goods</FONT></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin-top: 4pt; margin-right: 32.85pt; margin-bottom: 0; text-align: left"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin-top: 4pt; margin-right: 32.85pt; margin-bottom: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4pt 32.85pt 0 33.8pt; text-align: justify">and services, auditing (including
tax audit, legal audit and internal audit), scaling and consulting being in the first place, within the framework of the agreements executed,
during the purchase and sales period of such goods and services, , , within the last five <FONT STYLE="letter-spacing: -0.1pt">years.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 66.8pt"></TD><TD STYLE="width: 16.8pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD><FONT STYLE="font-size: 12pt">Positive / <FONT STYLE="letter-spacing: -0.1pt">Negative</FONT></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 0 84.8pt"><FONT STYLE="letter-spacing: -0.1pt">Comment:</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 2.05pt 0 10pt 84.8pt"><FONT STYLE="letter-spacing: -0.1pt">&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 2.05pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.7pt"></TD><TD STYLE="width: 28.1pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.05pt">c)</FONT></TD><TD STYLE="padding-right: 33.05pt"><FONT STYLE="font-size: 12pt">Having the professional education, knowledge and experience to perform
duly the duties he shall undertake for being an independent member of the Board of Directors.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 6.05pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 71.35pt"></TD><TD STYLE="width: 12.2pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD><FONT STYLE="font-size: 12pt">Positive / <FONT STYLE="letter-spacing: -0.1pt">Negative</FONT></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 0 84.8pt"><FONT STYLE="letter-spacing: -0.1pt">Comment:</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 2.05pt 0 10pt 84.8pt"><FONT STYLE="letter-spacing: -0.1pt">&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 32.75pt 0 41.1pt; text-align: justify; text-indent: -19.35pt">&ccedil;)
Provided that it is compatible with the respective legislation except being an academician, they shall not be working fulltime at any
public institution or organization after being selected as a member</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 5.05pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 66.8pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 324.4pt"><FONT STYLE="font-size: 12pt">Positive / Negative <FONT STYLE="letter-spacing: -0.1pt">Comment:</FONT></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 2.3pt 0 10pt 84.8pt"><FONT STYLE="letter-spacing: -0.1pt">&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 2.05pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 12.75pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.05pt">d)</FONT></TD><TD STYLE="padding-right: 32.95pt"><FONT STYLE="font-size: 12pt">To be considered as settled in Turkey according to the Income Tax Law
(G.V.K.) with date 31/12/1960 and number 193.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 5.9pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 66.8pt"></TD><TD STYLE="width: 16.8pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD><FONT STYLE="font-size: 12pt">Positive / <FONT STYLE="letter-spacing: -0.1pt">Negative</FONT></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.15pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 0 84.8pt"><FONT STYLE="letter-spacing: -0.1pt">Comment:</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 2.05pt 0 10pt 84.8pt"><FONT STYLE="letter-spacing: -0.1pt">&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 2.15pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 12.75pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.05pt">e)</FONT></TD><TD STYLE="text-align: justify; padding-right: 32.75pt"><FONT STYLE="font-size: 12pt">Having strong ethical standards, professional reputation
and experience which will allow him/her to make positive contributions to the Company activities, to remain neutral at the conflicts of
interests between the Company and the shareholders, and to decide liberally by considering the rights of the beneficiaries</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 71.35pt"></TD><TD STYLE="width: 12.2pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">Positive / <FONT STYLE="letter-spacing: -0.1pt">Negative</FONT></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 0 83.6pt"><FONT STYLE="letter-spacing: -0.1pt">Comment:</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 2.05pt 0 10pt 84.8pt"><FONT STYLE="letter-spacing: -0.1pt">&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 2.15pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 12.75pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.05pt">f)</FONT></TD><TD STYLE="text-align: justify; padding-right: 32.6pt"><FONT STYLE="font-size: 12pt">Being able to allocate sufficient time for business
of the Company which will allow him/her to follow the operations of the Company and to carry out the requirements of the duties he has
undertaken in full.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 5.9pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 71.35pt"></TD><TD STYLE="width: 12.2pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">Positive / <FONT STYLE="letter-spacing: -0.1pt">Negative</FONT></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; text-align: left; margin-top: 4pt; margin-right: 0; margin-bottom: 0"><FONT STYLE="letter-spacing: -0.1pt"></FONT></P>

<!-- Field: Page; Sequence: 31 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; text-align: left; margin-top: 4pt; margin-right: 0; margin-bottom: 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4pt 0 0 84.8pt"><FONT STYLE="letter-spacing: -0.1pt">Comment:</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 2.05pt 0 10pt 84.8pt"><FONT STYLE="letter-spacing: -0.1pt">&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 2.05pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 13.15pt"></TD><TD STYLE="width: 21pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.05pt">g)</FONT></TD><TD STYLE="padding-right: 32.85pt"><FONT STYLE="font-size: 12pt">Not carrying out membership of the Board of Directors more than six years
within the last ten years at the Board of Directors of the Company.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 5.75pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 71.35pt"></TD><TD STYLE="width: 12.2pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD><FONT STYLE="font-size: 12pt">Positive / <FONT STYLE="letter-spacing: -0.1pt">Negative</FONT></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.05pt 0 0 84.8pt"><FONT STYLE="letter-spacing: -0.1pt">Comment:</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 2pt 0 10pt 84.8pt"><FONT STYLE="letter-spacing: -0.1pt">&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 2.05pt 32.6pt 0 41.1pt; text-align: justify; text-indent: -0.2in">&#287;)
Not being in charge of as the independent member of the Board of Directors in more than three of the companies where the Company or partners
holding the administrative control of these companies and in more than five publicly-traded companies in total</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 5.1pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 71.35pt"></TD><TD STYLE="width: 12.25pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 324.4pt"><FONT STYLE="font-size: 12pt">Positive / Negative <FONT STYLE="letter-spacing: -0.1pt">Comment:</FONT></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 2.3pt 0 10pt 48.8pt"><FONT STYLE="letter-spacing: -0.1pt">&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;..</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 2.05pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 12.8pt"></TD><TD STYLE="width: 21pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.05pt">h)</FONT></TD><TD STYLE="padding-right: 32.6pt"><FONT STYLE="font-size: 12pt">Not being registered or announced on behalf of the legal entity that is
elected as the member of the Board of Directors.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 6.05pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 71.35pt"></TD><TD STYLE="width: 12.2pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD><FONT STYLE="font-size: 12pt">Positive / <FONT STYLE="letter-spacing: -0.1pt">Negative</FONT></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 0 84.8pt"><FONT STYLE="letter-spacing: -0.1pt">Comment:</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 2.15pt 0 10pt 84.8pt"><FONT STYLE="letter-spacing: -0.1pt">&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="width: 33%; border: black 1pt solid; padding-right: 6.3pt; padding-left: 6.8pt; text-align: center; line-height: 115%"><FONT STYLE="font-size: 12pt; line-height: 115%"><B>Name of the <FONT STYLE="letter-spacing: -0.1pt">Nominated Person</FONT></B></FONT></TD>
    <TD STYLE="width: 33%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 6.5pt; padding-left: 6.8pt; text-align: center; line-height: 115%"><FONT STYLE="font-size: 12pt; line-height: 115%"><B>As he has passed <FONT STYLE="letter-spacing: -0.25pt">all</FONT> independence tests relevant to be found competent by the legislation in force, he is competent as a nominee for the independent membership of the Board of Directors.</B></FONT></TD>
    <TD STYLE="width: 34%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 5.75pt 0 6.05pt; text-align: center; text-indent: -0.1pt"><B>As he
    has failed in <FONT STYLE="letter-spacing: -0.25pt">the</FONT> independence test/tests below, he is not competent for the nomination for
    the independent membership of the Board of Directors : [Please list the Corporate Governance Principles of the independence test which
    is <FONT STYLE="letter-spacing: -0.25pt">not</FONT></B></P>
    <P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 65.7pt 0 66.1pt; text-align: center"><FONT STYLE="letter-spacing: -0.2pt"><B>met]</B></FONT></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; line-height: 115%"><P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; line-height: 115%"><P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; line-height: 115%"><P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P></TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 5.75pt 0 0 12.8pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 5.75pt 0 0 12.8pt">(*) Please mark the place you think <FONT STYLE="letter-spacing: -0.1pt">appropriate.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 5.75pt 0 0 12.8pt"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 279.15pt 0 12.8pt"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 279.15pt 0 12.8pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 279.15pt 0 12.8pt">Name of the Committee Member:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 279.15pt 0 12.8pt"><FONT STYLE="letter-spacing: -0.1pt">Signature:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.2pt 0 0 12.8pt"><FONT STYLE="letter-spacing: -0.1pt">Date:</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.5pt 0 10pt 12.8pt"><FONT STYLE="letter-spacing: -0.25pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.5pt 0 10pt 12.8pt"><FONT STYLE="letter-spacing: -0.25pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.5pt 0 10pt 12.8pt"><FONT STYLE="letter-spacing: -0.25pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.5pt 0 10pt 12.8pt"><FONT STYLE="letter-spacing: -0.25pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.5pt 0 10pt 12.8pt"><FONT STYLE="letter-spacing: -0.25pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.5pt 0 10pt 12.8pt"><FONT STYLE="letter-spacing: -0.25pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.5pt 0 10pt 12.8pt"><FONT STYLE="letter-spacing: -0.25pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.5pt 0 10pt 12.8pt"><FONT STYLE="letter-spacing: -0.25pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.5pt 0 10pt 12.8pt"><FONT STYLE="letter-spacing: -0.25pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.5pt 0 10pt 12.8pt"><FONT STYLE="letter-spacing: -0.25pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.5pt 0 10pt 12.8pt"><FONT STYLE="letter-spacing: -0.25pt"></FONT></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; text-align: left; margin-top: 4.5pt; margin-right: 0; margin-bottom: 10pt"><FONT STYLE="letter-spacing: -0.25pt"></FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; text-align: left; margin-top: 4.5pt; margin-right: 0; margin-bottom: 10pt"><FONT STYLE="letter-spacing: -0.25pt"><B><U>Annex
4</U></B></FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 7.9pt 78.95pt 0 59.05pt; text-align: center">Evaluation <FONT STYLE="letter-spacing: -0.1pt">Report</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.35pt 0 0.05pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border: black 1pt solid; padding-top: 5.7pt; padding-left: 5.35pt; line-height: 115%"><FONT STYLE="font-size: 12pt; line-height: 115%">Evaluation Report for Committee Members, Administrative <FONT STYLE="letter-spacing: -0.1pt">Section:</FONT></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid">
    <P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 5.7pt 148.1pt 0 5.35pt"><FONT STYLE="letter-spacing: -0.1pt">Name:</FONT></P>
    <P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 5.7pt 148.1pt 0 5.35pt"><FONT STYLE="letter-spacing: -0.1pt">Signature:</FONT></P>
    <P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.45pt 0 0">&nbsp;</P>
    <P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 0 5.35pt"><FONT STYLE="letter-spacing: -0.1pt">Date:</FONT></P>
    <P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 0 5.35pt"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>
    <P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 0 5.35pt"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P></TD>
    <TD STYLE="width: 50%; border-bottom: black 1pt solid; border-right: black 1pt solid">
    <P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 5.7pt 148.1pt 0 5.35pt"><FONT STYLE="letter-spacing: -0.1pt">Name:</FONT></P>
    <P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 5.7pt 148.1pt 0 5.35pt"><FONT STYLE="letter-spacing: -0.1pt">Signature:</FONT></P>
    <P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.45pt 0 0">&nbsp;</P>
    <P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 0 5.35pt"><FONT STYLE="letter-spacing: -0.1pt">Date:</FONT></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: 12pt/115% Times New Roman, Times, Serif; margin: 5.7pt 148.1pt 0 5.35pt"><FONT STYLE="letter-spacing: -0.1pt">Name:</FONT></P>
    <P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 5.7pt 148.1pt 0 5.35pt"><FONT STYLE="letter-spacing: -0.1pt">Signature:</FONT></P>
    <P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>
    <P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 0 5.35pt"><FONT STYLE="letter-spacing: -0.1pt">Date:</FONT></P>
    <P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 0 5.35pt"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>
    <P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 0 5.35pt"><FONT STYLE="letter-spacing: -0.1pt"></FONT>&nbsp;</P>
    <P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 0 5.35pt"></P></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 5.7pt 148.1pt 0 5.35pt"><FONT STYLE="letter-spacing: -0.1pt">Name:</FONT></P>
    <P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 5.7pt 148.1pt 0 5.35pt"><FONT STYLE="letter-spacing: -0.1pt">Signature:</FONT></P>
    <P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>
    <P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 0 5.35pt"><FONT STYLE="letter-spacing: -0.1pt">Date:</FONT></P></TD></TR>
</TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse; margin-bottom: 5.75pt">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="6" STYLE="border: black 1pt solid; padding-top: 5.7pt; padding-right: 180.3pt; padding-left: 180.75pt; text-align: center; line-height: 115%"><FONT STYLE="font-size: 12pt; line-height: 115%">Evaluation <FONT STYLE="letter-spacing: -0.1pt">Summary</FONT></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 15%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-top: 5.65pt; padding-left: 5.35pt; line-height: 115%"><FONT STYLE="font-size: 12pt; line-height: 115%">Name of the <FONT STYLE="letter-spacing: -0.1pt">nominated person</FONT></FONT></TD>
    <TD STYLE="width: 18%; border-bottom: black 1pt solid; border-right: black 1pt solid">
    <P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 5.7pt 0 0 23.55pt; text-indent: -6.4pt"><FONT STYLE="letter-spacing: -0.1pt">Committee
    Member</FONT></P>
    <P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 6.05pt 0 0 27.15pt"><FONT STYLE="letter-spacing: -0.1pt">[name]</FONT></P></TD>
    <TD STYLE="width: 19%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-top: 5.7pt; padding-right: 5.65pt; padding-left: 6.6pt; line-height: 115%; text-indent: 11.6pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt; line-height: 115%">Committee </FONT><FONT STYLE="font-size: 12pt; line-height: 115%">Member [name]</FONT></TD>
    <TD STYLE="width: 24%; border-bottom: black 1pt solid; border-right: black 1pt solid">
    <P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 5.7pt 0 0 29.15pt; text-indent: -6.4pt"><FONT STYLE="letter-spacing: -0.1pt">Committee
    Member</FONT></P>
    <P STYLE="text-align: center; font: 12pt/115% Times New Roman, Times, Serif; margin-top: 6.05pt; margin-bottom: 0"><FONT STYLE="letter-spacing: -0.1pt">[name]</FONT></P></TD>
    <TD STYLE="width: 19%; border-bottom: black 1pt solid; border-right: black 1pt solid">
    <P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 5.7pt 17.65pt 0 18.3pt; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">Committee
    Member</FONT></P>
    <P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.45pt 0 0">&nbsp;</P>
    <P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 17.65pt 0 18.2pt; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">[name]</FONT></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; padding-top: 5.65pt; padding-left: 5.35pt; line-height: 115%"><FONT STYLE="font-size: 12pt; line-height: 115%">1</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 5.65pt 0 0 5.35pt">[Name of <FONT STYLE="letter-spacing: -0.25pt">the</FONT></P>
    <P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.15pt 0 0 5.35pt"><FONT STYLE="letter-spacing: -0.1pt">nominated person]</FONT></P></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 5.7pt; padding-left: 5.55pt; line-height: 115%"><FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt; line-height: 115%">[evaluation result]</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 5.7pt; padding-right: 5.65pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt; line-height: 115%">[evaluation result]</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font-size: 12pt; line-height: 115%">[evaluation <FONT STYLE="letter-spacing: -0.1pt">result]</FONT></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.65pt; padding-left: 5.45pt; line-height: 115%"><FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt; line-height: 115%">[evaluation result]</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 5.65pt; padding-left: 5.35pt; line-height: 115%"><FONT STYLE="font-size: 12pt; line-height: 115%">2</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; line-height: 115%">&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; padding-top: 5.8pt; padding-left: 5.35pt; line-height: 115%"><FONT STYLE="font-size: 12pt; line-height: 115%">3</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; line-height: 115%">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 5.75pt 13.7pt 10pt 12.8pt">(*) In case negative evaluations are in question,
with respect to the Corporate Regulation Rules, please write down the criteria that is not satisfied together with the reason.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 6pt 0 0 12.8pt"><B><U>Annexes:</U></B> The following documents shall
be filled in the following order for the each nominated person:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 5.8pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 30.8pt"></TD><TD STYLE="width: 17.4pt"><FONT STYLE="font-size: 12pt">-</FONT></TD><TD><FONT STYLE="font-size: 12pt">Nominating <FONT STYLE="letter-spacing: -0.1pt">Letters</FONT></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 8pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 30.8pt"></TD><TD STYLE="width: 17.4pt"><FONT STYLE="font-size: 12pt">-</FONT></TD><TD><FONT STYLE="font-size: 12pt">Declarations of <FONT STYLE="letter-spacing: -0.1pt">Independence</FONT></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 8.1pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 30.8pt"></TD><TD STYLE="width: 17.4pt"><FONT STYLE="font-size: 12pt">-</FONT></TD><TD><FONT STYLE="font-size: 12pt">Curricula <FONT STYLE="letter-spacing: -0.1pt">Vitae</FONT></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 8.15pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 30.8pt"></TD><TD STYLE="width: 17.4pt"><FONT STYLE="font-size: 12pt">-</FONT></TD><TD><FONT STYLE="font-size: 12pt">Evaluation <FONT STYLE="letter-spacing: -0.1pt">Forms</FONT></FONT></TD></TR></TABLE>

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

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

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>TURKCELL ILETI&#350;IM HIZMETLERI A.&#350;.</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>WORKING PRINCIPLES OF THE REMUNERATION COMMITTEE</B></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.1pt 0 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2.2pt"></TD><TD STYLE="width: 12pt"><FONT STYLE="font-size: 12pt"><B>1.</B></FONT></TD><TD><FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt"><B>BASIS</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.4pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 8.7pt 0 5.1pt; text-align: justify">Duties and working principles of
the Remuneration Committee (the &quot;Committee&quot;) are determined within the framework of the regulations, provisions and principles
in Turkish Commercial Code, Capital Market Law, Articles of Association of the Company and Capital Market Board&#8217;s &#8220;Corporate
Governance Principles&#8221;.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2.2pt"></TD><TD STYLE="width: 12pt"><FONT STYLE="font-size: 12pt"><B>2.</B></FONT></TD><TD><FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt"><B>PURPOSE</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.4pt 0 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 5.7pt 0 5.1pt; text-align: justify">Purpose of these Working Principles
(the &#8220;Working Principles&#8221;) is to review the compatibility of the currently valid payment policies of Turkcell Ileti&#351;im
Hizmetleri A.&#350;. (the &#8220;Company&#8221;) within the direction of the Corporate Governance Communiqu&eacute; No. II-17.1 of the
Capital Market Board (the &#8220;Communiqu&eacute;&#8221;) within the body of the Company and determine the principles, criteria and applications
to be used in <FONT STYLE="letter-spacing: -0.1pt">determining</FONT>&#9;the salaries of the members of the Board of Directors and managers
having administrative responsibilities by considering the long term goals of the Company, supervise these, to perform improvement studies
on this subject and to determine duties, powers, responsibilities and working procedures and principles of (the &#8220;Committee&#8221;)
established to offer suggestions to the Board of Directors (the &#8220;Board&#8221;).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 9.3pt"></TD><TD STYLE="width: 12pt"><FONT STYLE="font-size: 12pt"><B>3.</B></FONT></TD><TD><FONT STYLE="font-size: 12pt"><B>STRUCTURE OF THE <FONT STYLE="letter-spacing: -0.1pt">COMMITTEE</FONT></B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.4pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt 5.1pt"><FONT STYLE="letter-spacing: -0.1pt"><B>Number of Members:</B>
The Committee consists of at least three members determined by the Board of Directors among its own members.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 8.5pt 0 5.1pt; text-align: justify"><B>Presidency of the Committee</B>:
The Chairman of the Committee is elected among the independent <FONT STYLE="letter-spacing: -0.4pt">board </FONT>members <FONT STYLE="letter-spacing: -0.45pt">by
</FONT>the Board of Directors. Individuals as the General Manager who directly undertakes <FONT STYLE="letter-spacing: -0.1pt">performance
functions cannot participate in the Committee.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.35pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 8.9pt 0 5.1pt; text-align: justify"><B>Membership Duration:</B> The
members of <FONT STYLE="letter-spacing: -0.4pt">the committee are assigned by the Board of Directors limited to the term of membership
in the Board of Directors. </FONT>The Board of Directors of the Company assign the Committee members in the first Board meeting following
the General Assembly to fulfill their duties until the selection of the next Board of Directors pursuant to the principles given in this
article.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.3pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 0 5.1pt">The Board of Directors may change the members of the Committee,
assign a new member to complete the duty term in lieu of them in case any vacancy occurs in the position of the members due to dismissal
from office, resignation or death.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 0 5.1pt">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.05pt 8.75pt 0 5.1pt; text-align: justify"><B></B></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.05pt 8.75pt 0 5.1pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.05pt 8.75pt 0 5.1pt; text-align: justify"><B>Consultants: </B>The Committee
benefits from independent expert opinions on subjects it needs in relation with its activities. The service fee given for the consultancy
with respect to the Committee needs is met by the Company.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.4pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 8.8pt 0 5.1pt; text-align: justify"><B>Source: </B>All kinds of sources
and supports required while the Committee fulfills its duties are provided by the Board of Directors. Upon request of the Committee and
subject to the approval of the Board of Directors, sufficient finance required for the payments of independent consultants&#8217; and
the ordinary administrative expenses of the Committee shall be provided.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.1pt"></TD><TD STYLE="width: 12pt"><FONT STYLE="font-size: 12pt"><B>4.</B></FONT></TD><TD><FONT STYLE="font-size: 12pt"><B>COMMITTEE <FONT STYLE="letter-spacing: -0.1pt">MEETINGS</FONT></B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.5pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 7.7pt 0 5.1pt; text-align: justify"><B>Meetings: </B>The Committee
meets at least once in a year at times consonant to the ordinary meetings of the Board of Directors when required. The Chairman of the
Committee determines the time schedule and frequency of the Committee meetings provided that he shall be in negotiation with the other
members of the Committee. The Committee may meet upon the request of Chairman, members of the Board of Directors or General Manager. The
Committee has to make a call for a meeting upon claim of the meeting within reasonable time.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 7.7pt 0 5.1pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.05pt 7.8pt 0 5.1pt; text-align: justify">The committee meetings can
be hold either by gathering the members or technological communication facilities.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.05pt 7.8pt 0 5.1pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.05pt 7.8pt 0 5.1pt; text-align: justify">The Committee may invite an
executive, who is deemed necessary, to its meetings, may take their opinions. The General Manager, the Executive Vice President responsible
from Finance and the Executive Vice President responsible from Human Resources or Other individuals deemed appropriate by the Committee
attend the meetings in case he is invited by the Chairman of the Committee and according to the agenda items.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.35pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 8.75pt 0 5.1pt; text-align: justify"><B>Agenda: </B>The Chairman of
the Committee constitutes the agenda of the Committee provided by taking into account the requests of the Board of Directors, the other
members of the Committee, the General Manager, and the Executive Vice President responsible from Finance and the Executive Vice President
responsible from Human Resources. The agenda and information and documents related to the works to be performed at each Committee meeting
shall be transmitted to the members of the Committee to be reviewed at a reasonable time before each meeting to the extent it may be fulfilled.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.3pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 7.8pt 0 5.1pt; text-align: justify"><B>Reporting: </B>The Committee
puts all studies performed and the resolutions in written and keeps the records. It submits the minutes and the reports including information
on the studies and the meeting results to the Board of Directors in written and makes suggestions, when required. Minutes are kept open
by the Chairman of the Board of Directors for the review of the Board of Directors.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 7.8pt 0 5.1pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 8.9pt 0 5.1pt; text-align: justify"><B>Secretariat:</B> All minutes
of the Committee meetings are kept by the Board of Directors Office. The Office carries out his duties to keep and archive the minutes
of the Committee meetings and to provide effective information to the members of the Committee and to fulfill other secretarial duties
and procedures.</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"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 7.7pt 0 5.1pt; text-align: justify"><B>Quorum for the Meetings and
Resolutions:</B> The Committee meets by the absolute majority of <FONT STYLE="letter-spacing: -0.4pt">the </FONT>attendance of the members
and takes decisions by the majority of the members attending the meeting and opposing opinions are recorded, if any. The decisions of
the Committee are advisory for the Board of Directors.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 7.7pt 0 5.1pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4pt 7.75pt 0 5.1pt; text-align: justify">The Committee may transfer some
of its duties, if it deems necessary, to one or more sub- committees constituting of two or more members. In establishment of the sub
study group, as well as their own members, expertness of the individuals having sufficient experience and knowledge on corporate governance
may be benefitted from as well as their own members in member providing.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 7.5pt 0 5.1pt; text-align: justify">The Committee acts within its power
and responsibility and makes suggestions to the Board of Directors at the points it deems necessary; however, the final responsibility
always belongs to the Board of Directors and does not remove duties and responsibilities of the Board of Directors arising from the Capital
Market legislation and Turkish Commercial <FONT STYLE="letter-spacing: -0.1pt">Code.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.1pt"></TD><TD STYLE="width: 12pt"><FONT STYLE="font-size: 12pt"><B>5.</B></FONT></TD><TD><FONT STYLE="font-size: 12pt"><B>DUTIES AND <FONT STYLE="letter-spacing: -0.1pt">RESPONSIBILITIES</FONT></B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.55pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 5.1pt"><FONT STYLE="letter-spacing: -0.3pt">The Committee is assigned;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 23.05pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 12pt"><B>a)</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 9.2pt"><FONT STYLE="font-size: 12pt">to review the compatibility of the currently valid
remuneration policies of the Company and make suggestions,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 23.05pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 12pt"><B>b)</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 8.7pt"><FONT STYLE="font-size: 12pt">to determine the principles, criteria and applications
to be used in determining the salaries of the members of the Board of Directors and managers having administrative responsibilities by
considering the long-term goals of the Company and supervise these,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 23.05pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 12pt"><B>c)</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 8.7pt"><FONT STYLE="font-size: 12pt">to follow the remuneration policies put into practice
by the peer Companies and the rivals of the Company and evaluate payment, remuneration policies and plans and practices of the Company
critically,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 23.05pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 12pt"><B>d)</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 8.7pt"><FONT STYLE="font-size: 12pt">to review remuneration conditions of the members of
the Board of Directors and managers having administrative responsibilities annually by considering information of the peer companies related
to these (for example: Market criteria),</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 23.05pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 12pt"><B>e)</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 8.7pt"><FONT STYLE="font-size: 12pt">to submit suggestions on total individual payment
packages including; the salaries to be paid to the members of the Board of Directors and the managers having administrative responsibilities,
benefits in-kind, annual variable payments, incentive payments based on performance, pension payments and other payments, if any, to the
Board of Directors by considering level of reaching to the criteria and goals used in setting the salaries,</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.35pt 0 0">&nbsp;</P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.35pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.35pt 0 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 4pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 23.1pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 12pt"><B>f)</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 8.8pt"><FONT STYLE="font-size: 12pt">To review targets of the performance within the framework
of the current payment program of the Company and make suggestions, to give preliminary approval of the total annual payments, to guide
the Board of Directors in making payment programs&#8217; share owner value sustainable in long term according to this payment program
(In so far; officials subject to the policies of the Committee cannot attend the decisions on their own payments),</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 23.05pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 12pt"><B>g)</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 8.95pt"><FONT STYLE="font-size: 12pt">To review incentive plans, to determine the company's
reward policy,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 23.05pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 12pt"><B>h)</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 8.85pt"><FONT STYLE="font-size: 12pt">To offer pension arrangement policy of the managers
having administrative <FONT STYLE="letter-spacing: -0.1pt">responsibilities provided that it is not contrary to their employment contracts,</FONT></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.35pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 9.2pt 0 5.1pt; text-align: justify">And they act within their power
and responsibilities, final decision responsibility always belongs to the Board of Directors.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.35pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.1pt"></TD><TD STYLE="width: 12pt"><FONT STYLE="font-size: 12pt"><B>6.</B></FONT></TD><TD><FONT STYLE="font-size: 12pt"><B>AMENDMENT IN THE WORKING <FONT STYLE="letter-spacing: -0.1pt">PRINCIPLES</FONT></B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.4pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4pt 7.85pt 0 5.1pt; text-align: justify">The Committee reviews the competence
of Working Principles at least once a year and submits amendment suggestions to the Board of Directors. The prepared suggestions are taken
into the agenda in the first meeting of the Board of Directors and are resolved.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0.05pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.1pt"></TD><TD STYLE="width: 12pt"><FONT STYLE="font-size: 12pt"><B>7.</B></FONT></TD><TD><FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt"><B>VALIDITY</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.35pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 8.5pt 0 5.1pt; text-align: justify">These Working Principles and the
amendments enter into force on the date they are approved by the Board of Directors.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: left"><B></B></P>

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<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: left"><B>&nbsp;</B>&nbsp;&nbsp;</P>

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

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>TURKCELL ILETI&#350;IM HIZMETLERI A.&#350;.</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>WORKING PRINCIPLES OF THE EARLY DETECTION OF
RISK COMMITTEE</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt/115% Times New Roman, Times, Serif; margin-top: 8.05pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 12pt"><FONT STYLE="font-size: 12pt"><B>1.</B></FONT></TD><TD><FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt"><B>BASIS</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.35pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-right: 5.6pt; margin-bottom: 0; text-align: justify">Duties and working principles
of the Early Detection of Risk Committee <FONT STYLE="letter-spacing: -0.45pt">(the &#8220;Committee&#8221;) </FONT>are determined within
the framework of the regulations, provisions and principles in the Turkish Commercial Code, Capital Market Law, the Articles of Association
of the Company and the Capital Market Board&#8217;s &#8220;Corporate Governance Principles&#8221;.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 12pt"><FONT STYLE="font-size: 12pt"><B>2.</B></FONT></TD><TD><FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt"><B>PURPOSE</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.4pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin-top: 0.05pt; margin-right: 5.75pt; margin-bottom: 0; text-align: justify">Basic purposes of the Committee
which shall work in connection with the Board of Directors <FONT STYLE="letter-spacing: -0.2pt">are;</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.35pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 5.5pt"><FONT STYLE="font-size: 12pt">Early Detection of strategic, operational, financial,
legal and all kinds of risks which may endanger the existence, development and business continuity of the Company,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0.15pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 5.65pt"><FONT STYLE="font-size: 12pt">Controlling whether the detected risks are managed
properly by evaluating them within the framework of the corporate risk-taking limits of the Company and recognition of their <FONT STYLE="letter-spacing: -0.1pt">conformity,</FONT></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0.15pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 5.95pt"><FONT STYLE="font-size: 12pt">Prioritizing the risks exceeding the corporate risk-taking
limits according to their impacts and probabilities,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0.15pt; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 5.95pt"><FONT STYLE="font-size: 12pt">Performing studies for determining and practicing
measures required for the detected risks and managing the risks in order to support the Board of Directors.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.15pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 12pt"><FONT STYLE="font-size: 12pt"><B>3.</B></FONT></TD><TD><FONT STYLE="font-size: 12pt"><B>STRUCTURE OF THE <FONT STYLE="letter-spacing: -0.1pt">COMMITTEE</FONT></B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.5pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-right: 5.7pt; margin-bottom: 0; text-align: justify"><B>Number of Members: </B>It is
constituted by at least two members which shall be assigned by the Board of Directors.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.35pt 0 0 7.1pt">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-right: 5.6pt; margin-bottom: 0; text-align: justify"><B>Presidency of the Committee</B>:
The Chairman of the Committee members shall be selected among the independent members of the Board of Directors by the Board of Directors.
Individuals as the General Manager who directly undertake performance functions cannot participate to the Committee.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.35pt 0 0 7.1pt">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-right: 5.55pt; margin-bottom: 0; text-align: justify"><B>Members: </B>The Committee
members shall be selected among the Board of Directors members or outside of the Board of Directors. In any case, the majority of the
Committee shall be composed of the Board members who are non-executives. The Committee members should have sufficient commercial experience
and sector expertise to forecast, recognize and evaluate the risks they may encounter in the fields the Company and the affiliates are
engaged in.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 5.55pt 0 7.1pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.5pt 5.7pt 0 7.1pt; text-align: justify"><B></B></P>

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<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 4.5pt 5.7pt 0 7.1pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin-top: 4.5pt; margin-right: 5.7pt; margin-bottom: 0; text-align: justify"><B>Membership Duration: </B>The
Committee members are assigned by the Board of Directors for a period limited with the membership period of the Board of Directors. <FONT STYLE="letter-spacing: -0.25pt">Regarding
the selection of Committee members other among the Board of Directors members; the term of the membership and re-selection of the members
will be parallel to the term of the membership and re-selection of the Board of Directors members. </FONT> The members of the Company's
Board of Directors shall appoint new Committee members in accordance with the principles set forth in this article at the first Board
of Directors meeting to serve until the next Board of Directors election, following the General Assembly meeting that they are elected.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.35pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.05pt 5.65pt 0 0; text-align: justify">The Board of Directors may change
the members of the Committee. It may assign a new member to complete the duty term in case of dismissal from office, resignation or death.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 9.95pt 5.7pt 0 0; text-align: justify"><B>Consultants:</B> The Committee
benefits from independent expert opinions on subjects it needs in relation with its activities. The service fee given for the consultancy
with respect to the Committee needs is met by the Company.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 10pt 5.75pt 0 0; text-align: justify"><B>Source: </B>All kinds of sources
and supports required while the Committee fulfills its duties are provided by the Board of Directors. Upon the request of the Committee,
the Board of Directors shall provide to the Committee sufficient finance required for paying fees of independent consultants and the ordinary
administrative expenses.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 10pt 5.75pt 0 0; text-align: justify; text-indent: 34.1pt">&nbsp;</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 10.25pt 0 10pt 17.75pt; text-indent: 34.1pt"><FONT STYLE="font-size: 12pt"><B>4.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">COMMITTEE <FONT STYLE="letter-spacing: -0.1pt">MEETINGS</FONT></FONT></B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.35pt 0 0; text-indent: 34.1pt"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.05pt 5.7pt 0 0; text-align: justify"><B>Meetings:</B> As a principle,
the <FONT STYLE="letter-spacing: -0.65pt">regular </FONT>Committee meetings <FONT STYLE="letter-spacing: -0.55pt">shall be done </FONT><FONT STYLE="letter-spacing: -0.5pt">each
</FONT>two-month<FONT STYLE="letter-spacing: -0.6pt">-</FONT>period and at times consonant to the ordinary meetings of the Board of Directors.
The Chairman of the Committee <FONT STYLE="letter-spacing: -0.1pt">also </FONT>has to make a call for a meeting upon the claim of a member
of the Committee, the General Manager or the Chief Financial Officer. <FONT STYLE="letter-spacing: -0.05pt">within a reasonable time</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.05pt 5.7pt 0 0; text-align: justify; text-indent: 34.1pt">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.05pt 5.7pt 0 0; text-align: justify">The Committee meetings can be
hold either by gathering the members or technological communication facilities.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.05pt 5.7pt 0 0; text-align: justify">The Committee may invite an executive,
who is deemed necessary, to its meetings and may take their opinions. Upon the invitation of the Committee Chairman, the General Manager,
the Chief Financial Officer, the independent auditors with the Internal Audit Director and at the same or separate sessions, consultants
and experts may attend to the meetings. with Independent Auditors in the same or different sessions.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 11pt 5.65pt 0 0; text-align: justify"><B>Agenda:</B> The Chairman of
the Committee constitutes the agenda of the Committee provided that he shall be in negotiation with the other members of the Committee,
the Board of Directors, the General Manager, the Chief Financial Officer and the Risk Manager. The agenda and information and documents
related to the works to be performed at each Committee meeting shall be transmitted to the members of the Committee to be reviewed at
a reasonable time before each meeting to the extent it may be <FONT STYLE="letter-spacing: -0.1pt">fulfilled.</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 9.9pt 5.65pt 0 0; text-align: justify"></P>

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<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 9.9pt 5.65pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 9.9pt 5.65pt 0 0; text-align: justify"><B>Reporting: </B>The Committee
puts all the work and decisions taken under writing and keeps a record. It presents the minutes and reports containing information about
the activities and meeting results to the Board of Directors written, and makes recommendations when necessary. The minutes are kept open
for the review of the Board of Directors by the Chairman of the Board of Directors. The Committee is obliged to report the findings and
suggestions it has reached regarding its field of duty and responsibility as a result of the meetings held every two months and present
it to the Board of Directors. In this report, an evaluation is made, the results of the committee meeting, which point out the risks,
dangers and remedies, if any, are presented, and the summary of the committee meeting is notified in writing to the members of the Board
of Directors. The Committee also sends the Report to the Independent Auditor of the Company.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 9.9pt 5.65pt 0 0; text-align: justify"><B>Secretariat: </B>All minutes
of the Committee meetings are kept by the Board of Directors Office. The Office performs to keep and archive the minutes of the Committee
meetings and to provide effective information to the members of the Committee and to fulfill other secretarial duties and procedures.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.4pt 0 0; text-indent: 34.1pt">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 5.9pt 0 0; text-align: justify"><B>Quorum for the Meetings and Resolutions:</B>
The Committee meets by the attendance of the majority of the members and takes decisions by the majority of the members who attend to
the meeting and all opposing opinions are recorded, if any. The decisions of the Committee are advisory for the Board of Directors</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.3pt 0 0; text-indent: 34.1pt">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.05pt 5.75pt 0 0; text-align: justify">The Committee may transfer some
of its duties, if it deems necessary, to one or more sub- Committees constituting of two or more members. In establishment of the sub
committees, as well as their own members, <FONT STYLE="color: black">the expertise of people from inside or outside the Company who have
sufficient experience and knowledge on Early Risk Detection can be utilized, in case needed.</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-indent: 34.1pt">&nbsp;</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 11.1pt 0 10pt 17.75pt; text-indent: 34.1pt"><FONT STYLE="font-size: 12pt"><B>5.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">POWERS OF THE <FONT STYLE="letter-spacing: -0.1pt">COMMITTEE</FONT></FONT></B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.5pt 0 0; text-indent: 34.1pt"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="padding-right: 5.65pt"><FONT STYLE="font-size: 12pt">By authorization of the Board of Directors, the Committee has the power
to assign relevant departments on Risk Management subjects, review business processes and follow up and control whether the actions determined
to manage risks are taken when it deems necessary.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="padding-right: 5.65pt"><FONT STYLE="font-size: 12pt">The Committee may obtain information from all stakeholders related to
the Company within the framework of the confidentiality of internal information.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="padding-right: 5.65pt"><FONT STYLE="font-size: 12pt">The Committee acts within its power and responsibility and makes suggestions
to the Board of Directors at the points it deems necessary; however, the final responsibility always belongs to the Board of Directors
and the duties and responsibilities of the Board of Directors arising from the Capital Market legislation and Turkish Commercial Code
shall not be removed.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; text-align: left; margin-top: 0.2pt; margin-right: 0; margin-bottom: 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; text-align: left; margin-top: 0.2pt; margin-right: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt 17.75pt; text-indent: 34.1pt"><FONT STYLE="font-size: 12pt"><B>6.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">DUTIES AND RESPONSIBILITIES OF THE <FONT STYLE="letter-spacing: -0.1pt">COMMITTEE</FONT></FONT></B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.35pt 0 0; text-indent: 34.1pt"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="padding-right: 5.65pt"><FONT STYLE="font-size: 12pt">To fulfill all duties under the responsibility of the Committee in compliance
with the regulations of the Turkish Commercial Code and the Capital Market Board,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="padding-right: 5.65pt"><FONT STYLE="font-size: 12pt">To recognize political, economic, commercial, work and other results which
may have adverse effect on the Company and its subsidiaries and their businesses, current and future developments, motivators, reasons
and their nature and size (&#8220;Risks&#8221;), the Committee shall follow up;</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 4.5pt 0.1in 10pt 35.3pt; text-indent: 34.1pt"><FONT STYLE="font-size: 12pt">-</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">Judicial localities where the Company makes business, have its investments and has any benefit from,</FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.5pt 0 0; text-indent: 34.1pt">&nbsp;</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt 35.3pt; text-indent: 34.1pt"><FONT STYLE="font-size: 12pt">-</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">Commercial activities of the Company and its subsidiaries <FONT STYLE="letter-spacing: -0.25pt">and</FONT></FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.15pt 0 0; text-indent: 34.1pt">&nbsp;</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt 35.3pt; text-indent: 34.1pt"><FONT STYLE="font-size: 12pt">-</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">Performance of the executives of the Company and its <FONT STYLE="letter-spacing: -0.1pt">subsidiaries,</FONT></FONT></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0.1pt 0 0; text-indent: 34.1pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="padding-right: 5.65pt"><FONT STYLE="font-size: 12pt">To determine the risks and risk management deficiencies, report those
and minimize the risks by taking effective and timely actions,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="padding-right: 5.65pt"><FONT STYLE="font-size: 12pt">To support related departments by giving suggestions about responsibilities
of managers and employees necessary for risk management,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="padding-right: 5.65pt"><FONT STYLE="font-size: 12pt">To lead the risk management integrated with the Company&#8217;s interest
and management targets.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 5.65pt 10pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="padding-right: 5.65pt"><FONT STYLE="font-size: 12pt">To review Risk Management systems at least once a year and to prepare
the annual risk evaluation report relevant to the activities of the Committee and which shall take place in the Annual Report of the Company,
and submit to the Board of Directors,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="padding-right: 5.65pt"><FONT STYLE="font-size: 12pt">To prepare a plan annually and to approve a business plan for the following
year (The Plan includes specific fields which requires the Committee&#8217;s attention and the Risk List which has been brought up but
still not resolved),</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="padding-right: 5.65pt"><FONT STYLE="font-size: 12pt">To make studies determining risk management strategy, risk management
policies and procedures to be used at the Company, and submit its opinions and suggestions to the Board of Directors,</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="padding-right: 5.65pt"><FONT STYLE="font-size: 12pt">To share information and documents it holds with the Auditing Committee,
the Board of Directors and Independent Auditor of the Company for developing internal control systems which include risk Management that
may minimize the risks that may affect primarily the shareholders and the other stakeholders of the Company and information systems and
processes, and make necessary suggestions and express its opinions,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="padding-right: 5.65pt"><FONT STYLE="font-size: 12pt">To determine, evaluate, measure and analyze the current and probable risks
which may affect the Company in achieving to its targets and determine the risk tolerances for each department in the Company.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="padding-right: 5.65pt"><FONT STYLE="font-size: 12pt">To follow uncertainties which may create positive impact on the Company
in achieving to its targets along with the risks,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="padding-right: 5.65pt"><FONT STYLE="font-size: 12pt">To prioritize current and probable risks according to their effect and
possibility levels by collecting them under risk categories, to survey the Company&#8217;s risk map,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="padding-right: 5.65pt"><FONT STYLE="font-size: 12pt">To transmit actions suggested to be taken according to their importance
and priorities in necessary situations to the Audit Committee and the Board of Directors and the Independent Auditor of the Company and
follow the decisions to be taken, to review the risks which have important effects on the financial tables though the meetings held mutually
by Audit Committee.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="padding-right: 5.65pt"><FONT STYLE="font-size: 12pt">To review performance of the Committee and the efficiency of the Risk
Management system of the Company at least annually (Risk Management system; includes responsibilities and accountability of risk ownership,
evaluation of the efficiency of the Risk Management action plan and implementations. Evaluation of the performance of the Committee shall
be carried out by applying Committee suggestions and evaluating their effects),</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="padding-right: 5.65pt"><FONT STYLE="font-size: 12pt">To review the Company&#8217;s program on technology risks and review the
reports made by top management about important technology investments and transmit suggestions and opinions to the Board of Directors
about actions to be taken,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="padding-right: 5.65pt"><FONT STYLE="font-size: 12pt">To lead the principles on the risk management and its control integrated
with the Company&#8217;s targets,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 12pt">&middot;</FONT></TD><TD STYLE="padding-right: 5.65pt"><FONT STYLE="font-size: 12pt">To monitor and evaluate the activities of the Company's management regarding
the management of the identified existing and potential risks.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 5.65pt 10pt 0">&nbsp;</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 10.4pt 0 10pt 17.75pt; text-indent: 34.1pt"><FONT STYLE="font-size: 12pt"><B>7.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">AMENDMENT IN THE WORKING <FONT STYLE="letter-spacing: -0.1pt">PRINCIPLES</FONT></FONT></B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 5.95pt 0 0; text-align: justify">The Committee reviews the competence
of Working Principles at least once a year and submits amendment suggestions to the Board of Directors. The prepared suggestions are taken
into the agenda in the first meeting of the Board of Directors and are resolved.</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 5.95pt 0 0; text-align: justify; text-indent: 34.1pt">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 5.95pt 0 0; text-align: justify; text-indent: 34.1pt"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 5.95pt 0 0; text-align: justify; text-indent: 34.1pt">&nbsp;</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 10.25pt 0 10pt 17.75pt; text-indent: 34.1pt"><FONT STYLE="font-size: 12pt"><B>8.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt">VALIDITY</FONT></B></P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 5.95pt 0 0; text-align: justify">These Working Principles enter into
force on the date they are approved by the Board of Directors and are conducted by the Board of Directors.</P>

<P STYLE="font: 12pt Gill Sans Ultra Bold,sans-serif; text-align: left; margin-top: 0; margin-right: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 12pt Gill Sans Ultra Bold,sans-serif; text-align: left; margin-top: 0; margin-right: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 12pt Gill Sans Ultra Bold,sans-serif; text-align: left; margin-top: 0; margin-right: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 12pt Gill Sans Ultra Bold,sans-serif; text-align: left; margin-top: 0; margin-right: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 12pt Gill Sans Ultra Bold,sans-serif; text-align: left; margin-top: 0; margin-right: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 12pt Gill Sans Ultra Bold,sans-serif; text-align: left; margin-top: 0; margin-right: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 12pt Gill Sans Ultra Bold,sans-serif; text-align: left; margin-top: 0; margin-right: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 12pt Gill Sans Ultra Bold,sans-serif; text-align: left; margin-top: 0; margin-right: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 12pt Gill Sans Ultra Bold,sans-serif; text-align: left; margin-top: 0; margin-right: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 12pt Gill Sans Ultra Bold,sans-serif; text-align: left; margin-top: 0; margin-right: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 12pt Gill Sans Ultra Bold,sans-serif; text-align: left; margin-top: 0; margin-right: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 12pt Gill Sans Ultra Bold,sans-serif; text-align: left; margin-top: 0; margin-right: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 12pt Gill Sans Ultra Bold,sans-serif; text-align: left; margin-top: 0; margin-right: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 12pt Gill Sans Ultra Bold,sans-serif; text-align: left; margin-top: 0; margin-right: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 12pt Gill Sans Ultra Bold,sans-serif; text-align: left; margin-top: 0; margin-right: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 12pt Gill Sans Ultra Bold,sans-serif; text-align: left; margin-top: 0; margin-right: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 12pt Gill Sans Ultra Bold,sans-serif; text-align: left; margin-top: 0; margin-right: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 12pt Gill Sans Ultra Bold,sans-serif; text-align: left; margin-top: 0; margin-right: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 12pt Gill Sans Ultra Bold,sans-serif; text-align: left; margin-top: 0; margin-right: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 12pt Gill Sans Ultra Bold,sans-serif; text-align: left; margin-top: 0; margin-right: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 12pt Gill Sans Ultra Bold,sans-serif; text-align: left; margin-top: 0; margin-right: 0; margin-bottom: 0">&nbsp;</P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Gill Sans Ultra Bold,sans-serif; text-align: left; margin-top: 0; margin-right: 0; margin-bottom: 0"></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"><B></B></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"><B>SIGNATURES</B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-bottom: 12pt"><B>TURKCELL ILETISIM HIZMETLERI A.S.</B> <BR>
<BR></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 49%">Date:&nbsp; August 18, 2023</TD>
    <TD STYLE="width: 4%">By:</TD>
    <TD STYLE="width: 45%"><FONT STYLE="font-variant: small-caps">&nbsp;<U>/s/</U></FONT><U> Ali Serdar Ya&#287;c&#305;</U></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Name:&nbsp;&nbsp;Ali Serdar Ya&#287;c&#305;</P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Title:&nbsp;&nbsp;&nbsp;&nbsp;Investor Relations and Corporate Finance
    Director</P></TD>
    <TD>&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="font: 11pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-bottom: 12pt"><B>TURKCELL ILETISIM HIZMETLERI A.S.</B> <BR>
<BR></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 49%">Date: &nbsp;August 18, 2023</TD>
    <TD STYLE="width: 3%">By:</TD>
    <TD STYLE="width: 46%"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT><U>/s/ Kamil Kalyon</U></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">Name:&nbsp; Kamil Kalyon<BR>
Title:&nbsp;&nbsp;&nbsp;&nbsp;Chief Financial Officer (Acting)</TD>
    <TD>&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 Arial, Helvetica, Sans-Serif; margin: 6pt 0 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 0; text-align: justify"><B><I>&nbsp;</I></B></P>

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

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

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

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>


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