Resolution of Board of Directors Regarding Change in Capital Increase within the scope of Secondary Public Offering


Our board of Directors has resolved the following matters in the Board of Directors Meeting dated 18.05.2018

1. General Assembly of our Company dated 2 April 2018 resolved to increase our Company's issued share capital in the amount of TL 1,000,000,000 (one billion Turkish Liras) by TL 210,000,000 (two hundred ten million Turkish Liras) to TL 1,210,000,000 (one billion two hundred ten million Turkish Liras) within the registered capital ceiling of TL 2,000,000,000 (two billion Turkish Liras) as per the Capital Markets Law and its related communiqués, and authorised the Board of Directors to conduct the necessary procedures within the scope of capital markets legislation;

2. Taking into consideration the economical conjuncture of our country and international markets, redetermination of the number of offered shares as per the third paragraph of article 16 of General Assembly resolution dated 2 April 2018 and within this framework, increase our Company's issued share capital by TL 140,000,000 (one hundred forty million Turkish Liras) to TL 1,140,000,000 (one billion one hundred forty million Turkish Liras); and

3. The amendment of all the documents related to the public offering accordingly, including the Prospectus (İzahname), and notification and application to all relevant institutions including Capital Markets Board and Borsa Istanbul A.Ş. as per this resolution.​