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CORPORATE GOVERNANCE
Investing in Türk Telekom

Related Party Transactions

Related Party Transactions

Common and recurring asset, service and liability transfer transactions between TTNET A.Ş. and Türk Telekomünikasyon A.Ş. in 01.01.2015 - 31.12.2015 financial year exceeded 10% of the reported gross sales revenue of Türk Telekom as stated under its 2015 year-end financial tables and projected to exceed in 2016. These transactions are considered to be made on arm's length basis as fair, non-discriminative, reasonable by taking into consideration the negative discrimination on TTNET A.Ş. due to current pricing regulations.

Apart from those there are no asset, service and liability transfer transactions exceeding the threshold with the related parties and is not projected to be done in 2016.

In addition, there is no non-recurring asset, service and liability transfers which reached or exceeded or projected to reach or exceed 5% of the publicly announced gross sales revenue, total assets or average of the adjusted daily weighted average market capitalization for 6 months period prior to the related Board Resolution date, as defined by the Article 9 of the Communique.

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