The Turkish media has recently published news involving allegations with regards to KCell, a mobile operator in Kazakhstan. KCell is a subsidiary of our 41.45% owned subsidiary Fintur Holdings B.V. Below is our announcement pertaining to this news, based on the Circular VIII, No: 54 of Turkey’s Capital Markets Board within the context of “the confirmation of news and speculations”:
The allegations concerning Fintur Holdings B.V., where Turkcell has minority ownership, were discussed within the Turkcell Board of Directors’ agenda on March 23, 2011. The Board members who represent Turkcell on Fintur Holdings B.V.’s Board of Directors have been assigned in an attempt to investigate the allegations.
The assigned Turkcell representatives have requested the initiation of the necessary assessment and investigation regarding these allegations during the Board of Directors meeting of Fintur Holdings B.V., again dated March 23, 2011.
In the event of any material development which needs to be publically disclosed, our Company will make the necessary announcements according to the Circular VIII, No: 54 of Turkey’s Capital Markets Board.
TURKCELL ILETISIM HIZMETLERI A.S.
For further information please e-mail to investor.relations@turkcell.com.tr
or call Turkcell Investor Relations (+ 90 212 313 1888)