PRIVILEGED SHARES

PRIVILEGES : (Turkish Trade Registry Gazette dated  9th March 1998 and no.4497)

Article 9:

If the Company's General Assembly determines the Board of Directors as 5 members, at least three of the Board members shall be selected from among the candidates nominated by the Group (B) shareholders; if it determines the Board of Directors as 7 members, at least five shall be selected from among the candidates nominated by the Group (B) shareholders; if it determines the Board of Directors as 9 members, at least seven shall be selected from among the candidates nominated by the Group (B) shareholders; and if it determines the Board of Directors as 11 members, at least nine of the Board members shall be selected from among the candidates nominated by the Group (B) shareholders. If the General Assembly determines the number of auditors as one, this auditor shall be selected from among the candidates nominated by the Group (B) shareholders; if it determines the number of auditors as three, at least two auditors shall be selected from among the candidates nominated by the Group (B) shareholders.