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Profit Distribution Policy

It is decided to determine the profit distribution policies for 2012 and the following years pursuant to the regulations of the Capital Market Board.

Pursuant to this resolution, it is decided unanimously to submit the profit distribution policy of our company for 2012 and subsequent years to the general assembly by taking a profit distribution decision within the framework of Turkish Commercial Code, Capital Markets Law and the relevant legislation by taking into account the financial structure, profitability of the company and general economic conjuncture, and in a manner to distribute at least 20% of the distributable net profit in cash, and the remaining balance as cash dividend and/or bonus shares and/or as reserve in a manner not to adversely affect the capital structure and the market value of the partnership; and to review the profit distribution policy in accordance with the changing conditions.