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Investing in Türk Telekom

Regulatory Disclosures

Regulatory Disclosures
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  • 7 January 2017 dated Regulatory Disclosure – TT Ödeme Hizmetleri A.Ş Operating License1/9/2017

    Our Company's subsidiary TT Ödeme Hizmetleri A.Ş. has been granted an operating license for payment services by the Banking Regulation and Supervision Agency ("BRSA"). The decision was published on the Official Gazette on January 6th, 2017.

    Under this operating license, mobile payment services and the collection intermediary services of our Group Companies can be provided through TT Ödeme Hizmetleri A.Ş. and our payment product and service portfolio will be enriched by extending the network of member merchants.

  • 04.01.2017 dated Regulatory Disclosure – Senior Management Change1/4/2017

    Our Company's Legal Assistant General Manager Doğan Coşgun has decided to leave his position.

  • 26 December, 2016 dated Regulatory Disclosure - Long Term Loan Agreement12/26/2016

    Our company signed a long-term loan agreement with Raiffeisen and Unicredit under the insurance coverage of EKN (Swedish export credit agency) in order to finance our company's and its affiliates' capital expenditures. The amount of the facility is USD 120 million, maturity is 9 years and interest rate is LIBOR + 0.65% p.a.

  • 12 December 2016 dated Regulatory Disclosure_Organizational Changes12/12/2016

    In order to increase efficiency and effectiveness under its integrated structure, Türk Telekom Group (TTG) announces organizational changes. With the new organization, TTG aims to achieve maximum benefit from the synergies of shared operations at the Assistant General Manager level and strengthen execution, while maintaining its customer centric approach and consumer and corporate customer focus. In addition to increased efficiencies, TTG targets to create additional value to total customer experience via the streamlined operations. Accordingly;

    • “Consumer Business Unit CEO, TTNET” position (as per the announcement dated 12.08.2016) and “Corporate Business Unit CEO, TTNET” position are abolished. Meanwhile, CXO positions under Consumer and Corporate Business Units at the previous organization are also abolished.
    • “Marketing Assistant General Manager” position is established, reporting directly to CEO, responsible for end to end management of marketing activities for corporate and consumer customers; accordingly, the current Corporate Marketing department, Consumer Marketing department and TV department will report to Hakan Dursun, who is appointed as Marketing Assistant General Manager (under TTNET).
    • “Sales and Customer Care Assistant General Manager” position is established, reporting directly to CEO, responsible for management of corporate and consumer sales and customer care activities; accordingly, the current Corporate Sales department, Consumer Sales department, Corporate Customer Care department, and Consumer Customer Care department will report to Ümit Önal who is appointed as Sales and Customer Care Assistant General Manager (under TTNET).
    • Finance Assistant General Manager will be responsible for end to end management of financial processes for all business units and functions; and accordingly, Corporate Finance and Consumer Finance departments will report to Kaan Aktan.
    • Business Planning Department and Strategy & Business Development Departments are integrated under “Strategy and Business Planning” department. Fırat Yaman Er is appointed as Strategy and Business Planning Assistant General Manager, directly reporting to CEO.
    • “Business Support Assistant General Manager” position is established, reporting directly to CEO; and accordingly current Human Resources department, Regulation department and Support Services department will report to Şükrü Kutlu who has been assigned as the Business Support Assistant General Manager.
    • Yavuz Yıldırım will continue his current role as “Wholesale Assistant General Manager”.
    • “Chief Procurement and Vendor Relations Management Officer” position has been abolished. This position is reorganized at Director level, directly reporting to the CEO.

    ÜMİT ÖNAL
    Mr. Ümit Önal’s last position was Acting CEO and Executive Board Member of Digiturk in 2015-2016, where he was entrusted with company preparation for subsequent acquisition by a new owner (change of control from SDIF).

    During his management tenure at Digiturk, he introduced an efficient churn management strategy, focusing on elevating brand reputation with an encompassing engagement strategy. In addition, he handled coordination and relationship management with relevant public authorities, as well as regulatory bodies to ensure successful transfer, including preparation of the management team in readiness for the new shareholder.

    After obtaining his Bachelor degree with a major in Advertising and Public Relations Department from Istanbul University, Mr. Önal held various managerial positions in the areas of advertising, production, content/broadcasting/advertisement sales in Turkey’s leading media companies including TGRT and Kanal 7. He has 20+ year expertise in media industry, which gave him a chance to be a part of Turkey’s media transformation.

    Later, he joined Turkuvaz Medya Group, initially as the General Manager of ATV and subsequently became the Advertising VP for all brands operating under the Group. Mr. Önal also served as the General Manager of Show TV.

    Before joining Digitürk, he assumed the position of General Manager and Chairman of the Board of İpek Media Group.

    Mr. Önal has been active in sectoral NGOs throughout his career. He is the former Chairman and current Board Member at TİAK (TV Monitoring and Research Committee) and committee head at TVYD (Association of TV Broadcasters).

    He is married with 3 daughters.

  • 12 December 2016 dated Regulatory Disclosure- Regulatory Disclosure Regarding Corporate Governance Rating Update12/12/2016

    Our Company successfully received an overall Corporate Governance rating of 9.02 out of 10 as a result of an independent assessment by SAHA Corporate Governance and Credit Rating Company incorporated by Capital Markets Board of Turkey (CMB). Corporate Governance Rating was determined as a result of the assessment made under four major topics (Shareholders, Public Disclosure and Transparency, Stakeholders, Board of Directors) weighted differently within the framework of the CMB's Corporate Governance principles.

    Breakdown of our corporate governance rating under major categories:

    Subcategories
    Weight(%)
    Rating
    Shareholders
    25
    84.56
    Public Disclosure and Transparency25

    97.29

    Stakeholders
    15

    92.69

    Board of Directors
    35

    88.22

    Total100

    90.24

  • 1 December 2016 dated Regulatory Disclosure – Resignation Announcement12/1/2016

    Kaan Aktan who is appointed as the Chief Financial Officer of Türk Telekom effective from 01.12.2016 as per the regulatory disclosure dated 10.11.2016 resigned from his previous position of TTNET Chief Consumer Finance Officer.

  • 25 November 2016 dated Regulatory Disclosure – Senior Management Change11/25/2016

    TTNET Corporate Business Unit CEO Mehmet Ali Akarca decided to leave his position at Türk Telekom Group effective from December 31, 2016. Türk Telekom General Manager/CEO, Boulos H.B. Doany will execute his responsibilities.

    We sincerely thank Mehmet Ali Akarca for his efforts and invaluable contributions to our Company through his service, and wish him every success in his future career.

  • 23 November 2016 dated Regulatory Disclosure – Senior Management Change11/23/2016

    TTNET Chief Consumer Sales Officer Hüseyin Balcı decided to leave his position at Türk Telekom Group effective from November 30, 2016. Türk Telekom General Manager/CEO, Boulos H.B. Doany will execute his responsibilities until a new appointment for the related position.

  • 21 November 2016 dated Regulatory Disclosure - Long Term Loan Agreement of Avea11/21/2016

    Our subsidiary Avea İletişim Hizmetleri A.Ş. signed a long-term loan agreement with BNP Paribas, Raiffeissen, and Unicredit under the insurance coverage of Finnvera (Finnish export credit agency) and under Türk Telekom guarantee. The purpose of the loan is to finance LTE related investments. The amount of the facility is EUR 90 million, maturity is 9 years and interest rate is EURIBOR + 0.38% per annum.

  • 11 November 2016 dated Regulatory Disclosure – Senior Management Change11/11/2016

    Arif Kaan Sümer is appointed as Chief Finance Officer to one of our group companies, Assistt Rehberlik ve Müşteri Hizmetleri A.Ş. and he resigned from TTNET Chief Corporate Finance Officer position.

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