Istanbul, January 30, 2017

Announcement Regarding the Board of Directors Resolution on Buy-Back of Securities

Our Company's Board of Directors authorized the management to execute share buy-back transactions on July 27, 2016, within the scope of the announcements dated July 21, 2016 and July 25, 2016 made by the Capital Markets Board. The purpose was to protect our investors against potentially negative reflections on Turkey that could arise due to the instability perception in the short and medium term subsequent to the events on and after July 15, 2016, and/or due to potential global macroeconomic volatilities. In this context, it was resolved that the maximum fund amount set aside for share buy-back would be TRY150 million and the maximum share number to be bought back would be determined so as not to exceed this amount.

Our Company's Board of Directors has decided to increase the above mentioned fund amount to TRY300 million in order to be utilized for share buy-back, including our American Depositary Receipts (ADRs) being traded at the New York Stock Exchange (NYSE) and bond buy-back; and to buy, sell and/or redeem at the price and level that the management will determine, within the maximum fund amount set above.

For more information:

Turkcell Investor Relations investor.relations@turkcell.com.tr Tel: + 90 212 313 1888

Turkcell Iletisim Hizmetleri AS published this content on 30 January 2017 and is solely responsible for the information contained herein.
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