Announcement regarding the amendments of the Articles of Association of the Bank
In order to comply with the Shareholders' Agreement executed on November 1, 2011 by and between our majority shareholders, Doğuş Holding A.Ş. and Banco Bilbao Vizcaya Argentaria, S.A (BBVA), and considering the relevant provisions of the new Turkish Commercial Code which will be entered into force on July 1, 2012, the Board of Directors of our Bank has resolved to amend Article 18 of our Bank's Articles of Association entitled as "Formation of the Board of Directors" on May 5, 2011.
For the foregoing reasons, it is resolved that Article 18 be amended as attached herewith and the Head Office be authorized to file necessary applications with the Banking Regulation and Supervision Agency, Capital Markets Board of Turkey and the other relevant official authorities in order to conclude the above-mentioned process and execute any and all operations related thereto.
The current and new texts of Article 18 are attached herewith.