Increase in the Share Capital

The paid-in capital of the Company has been increased from TL 530,302,645 to TL 600,302,645 with a portion of TL 70,000,000 funded by 2015 profit shares allocated in the form of share certificates in line with the 2015 yearly profit distribution proposal approved by shareholders in the Annual General Assembly held on 25 March 2016, and distribution of the bonus shares have been completed on 17 June 2016, the capital increase processes have been completed on 20 June 2016.

Annual General Assembly Held Within the Period

The Company’s 2015 Annual General Assembly has been held at the address of İş Kuleleri, Kule 1 Kat:41 4.Levent / İstanbul on 25 March 2016. Ordinary General Assembly Meeting of 2015 was held with the presence of the shareholders representing 600,000,000 Group A and 31,440,441,938 Group B shares from 53,030,264,500 shares corresponding to the Company’s total equity of TL 500,302,645. In the meeting, the motions filed by the shareholders with respect to the agenda topics have been approved in unanimity.

Profit Distribution

According to the Profit Distribution Table submitted by the Board of Directors and approved by the General Assembly of Shareholders within the framework of the Decision No. 2322 and dated 19.02.2016 of the Company’s Board of Directors, it has been resolved that the shareholders be distributed as first dividend 2.000 thousand TL of cash and in the form of bonus share the whole of the sum 70.000 thousand TL which is calculated based on the Company’s distributable net profit of the year of 77.929 thousand TL as found by deducting the statutory primary reserve of 4.074 thosuand TL, which is calculated based on the profit figure of 81.481 thousand TL included in the statutory records of the Company, from, and adding the donation of 1 thousand TL made during the year to the Company’s net profit of the year of 82.003 thousand TL, which is taken as the basis of the profit distribution in accordance with the Capital Markets Laws and Regulations; a cash dividend of 18.000 thousand TL be distributed as cash dividend from the Company’s extraordinary reserves; the deferred tax expenses of 2.488 thousand TL as included to the Company’s consolidated net profit of the year be transferred to the extraordinary reserves ccount after being deducted from the deferred tax reserves which is consisted of the Company’s undistributed tax revenues in the previous periods; the distribution of the shares to be deposited as profit share be started after the approval of the issue certificates for the referred shares by the Capital Markets Board; and the cash dividend distribution be completed until 31.03.2016. Distribution of the cash dividends has been completed on 30.03.2016, and distribution of the bonus shares has been completed on 17.06.2016.

Changes in Articles of Association

During the period of 01.01.2016 – 31.12.2016, no amendment has been made in the Articles of Association, and in the course of increase of our Company’s registered share capital from TL 600,000,000 to TL 1,200,000,000 and Company’s share capital from TL 461,503,000 to TL 530,302,645, Article 6 “Capital and Types of Shares” of our Company’s Articles of Association has been amended, and these amendments have been registered respectively on 05.04.2016 and 20.06.2016.