TÜRK TELEKOMÜNİKASYON A.Ş.

Notice of Dividend Amount • Mar 19, 2021

Summary Info	Ordinary General Assembly Decision for Profit Distribution
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No

Decision Date	18.03.2021
Date of Related General Assembly	19.03.2021
Was The Issue of Dividend Payment Negotiated?	Discussed
Type of Cash Dividend Payment	3 installment
Currency Unit	TRY
Stock Dividend	Will Not Be Paid
The Reason For Applying A Lower Dividend Withholding Rate Than The Current Rate In Calculating Net Amount	Group A shares of our Company are owned by LYY Telekomünikasyon A.Ş. LYY Telekomünikasyon A.Ş. is a fully tax payer corporation, accordingly there will be no withholding tax in the dividend payment. There is 1 Group C share, which is owned by the Republic of Turkey Ministry of Treasury and Finance and does not have the right to get dividend payment according to our Articles of Association.
Information Regarding How To Calculate That Lower Dividend Witholding Rate Than The Current Rate	Group A shares of our Company are owned by LYY Telekomünikasyon A.Ş. LYY Telekomünikasyon A.Ş. is a fully tax payer corporation, accordingly there will be no withholding tax in the dividend payment. There is 1 Group C share, which is owned by the Republic of Turkey Ministry of Treasury and Finance and does not have the right to get dividend payment according to our Articles of Association.

Cash Dividend Payment Amount and Rates

Share Group Info	Payment	Cash Dividend To Be Paid For Share With Par Value of 1 TL - Gross (TL)	Cash Dividend To Be Paid For Share With Par Value of 1 TL - Gross (%)	Withholding Rate (%)	Cash Dividend To Be Paid For Share With Par Value of 1 TL - Net (TL)	Cash Dividend To Be Paid For Share With Par Value of 1 TL - Net (%)
A Grubu, İşlem Görmüyor, TRETTLK00021	1. Installment	0,1783366	17,83366	0	0,1783366	17,83366
A Grubu, İşlem Görmüyor, TRETTLK00021	2. Installment	0,1783366	17,83366	0	0,1783366	17,83366
A Grubu, İşlem Görmüyor, TRETTLK00021	3. Installment	0,1783366	17,83366	0	0,1783366	17,83366
A Grubu, İşlem Görmüyor, TRETTLK00021	TOTAL	0,5350098	53,50098	0	0,5350098	53,50098
B Grubu, İşlem Görmüyor, TRETTLK00039	1. Installment	0,1783366	17,83366	15	0,1515861	15,15861
B Grubu, İşlem Görmüyor, TRETTLK00039	2. Installment	0,1783366	17,83366	15	0,1515861	15,15861
B Grubu, İşlem Görmüyor, TRETTLK00039	3. Installment	0,1783366	17,83366	15	0,1515861	15,15861
B Grubu, İşlem Görmüyor, TRETTLK00039	TOTAL	0,5350098	53,50098	15	0,4547583	45,47583
C Grubu, İşlem Görmüyor, TRETTLK00047	1. Installment	0,0000000	0	0	0,0000000	0
C Grubu, İşlem Görmüyor, TRETTLK00047	2. Installment	0,0000000	0	0	0,0000000	0
C Grubu, İşlem Görmüyor, TRETTLK00047	3. Installment	0,0000000	0	0	0,0000000	0
C Grubu, İşlem Görmüyor, TRETTLK00047	TOTAL	0,0000000	0	0	0,0000000	0
D Grubu, TTKOM, TRETTLK00013	1. Installment	0,1783366	17,83366	15	0,1515861	15,15861
D Grubu, TTKOM, TRETTLK00013	2. Installment	0,1783366	17,83366	15	0,1515861	15,15861
D Grubu, TTKOM, TRETTLK00013	3. Installment	0,1783366	17,83366	15	0,1515861	15,15861
D Grubu, TTKOM, TRETTLK00013	TOTAL	0,5350098	53,50098	15	0,4547583	45,47583

Dividend Dates

Payment	Proposed Ex-Dividend Date	Final Ex-Dividend Date	Payment Date	Record Date
1. Installment	01.04.2021	01.04.2021	05.04.2021	02.04.2021
2. Installment	01.07.2021	01.07.2021	05.07.2021	02.07.2021
3. Installment	01.10.2021	01.10.2021	05.10.2021	04.10.2021

(1) The date that the dividend will be paid and the share will start trading without dividend right (proposed).

(2) The date that the dividend will be paid and the share will start trading without dividend right (finalized).

(3) Date of entry to the accounts of the shareholders whose shares are traded on the stock exchange.

(4) Date of determination of the right holders of the type of shares traded on the stock exchange.

Amount and Rate of Cash Dividend Stock Dividend Payment

Share Group Info	Amount of Stock Dividend (TL)	Rate of Stock Dividend (%)
A Grubu, İşlem Görmüyor, TRETTLK00021	0	0
B Grubu, İşlem Görmüyor, TRETTLK00039	0	0
C Grubu, İşlem Görmüyor, TRETTLK00047	0	0
D Grubu, TTKOM, TRETTLK00013	0	0

Additional Explanations

The details of the dividend distribution announced on the Public Disclosure Platform dated 18 March 2021 were discussed and approved at the General Assembly Meeting of our Company held on 19 March 2021. It has been decided that the dividend distribution to our shareholders shall be made in 3 equal installments on 1 April 2021, 1 July 2021, 1 October 2021.

Supplementary Documents

Appendix: 1	TÜRK TELEKOMÜNİKASYON A.Ş. 2020 Kar Dağıtım Tablosu_TR.pdf
Appendix: 2	TÜRK TELEKOMÜNİKASYON A.Ş. 2020 Dividend Distribution Table.pdf
Appendix: 3	Pay Başına Temettü Bilgileri 2020.pdf
Appendix: 4	Dividend Per Share Table_2020.pdf

DIVIDEND DISTRIBUTION TABLE

TÜRK TELEKOMÜNİKASYON A.Ş. 01.01.2020/31.12.2020 Period Dividend Payment Table (TL)

1.Paid-In / Issued Capital	3.500.000.000
2. Total Legal Reserves (According to Legal Records)	2.706.811.807

*	Based on CMB Regulations	Based on Legal Records
3. Current Period Profit	3.801.941.000	862.181.953
4. Taxes Payable (-)	624.068.000	0
5. Net Current Period Profit	3.177.873.000	862.181.953
6. Losses in Previous Years (-)	0	0
7. Primary Legal Reserve (-)	0	0
8. Net Distributable Current Period Profit	3.177.873.000	862.181.953
Dividend Advance Distributed (-)	0
Dividend Advance Less Net Distributable Current Period Profit	0
9. Donations Made During The Year ( + )	61.571.359
10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated	3.239.444.359
11. First Dividend to Shareholders	647.888.872
* Cash	647.888.872
* Stock	0
12. Dividend Distributed to Owners of Privileged Shares	0
13. Other Dividend Distributed	0
* To the Employees	0
* To the Members of the Board of Directors	0
* To Non-Shareholders	0
14. Dividend to Owners of Redeemed Shares	0
15. Second Dividend to Shareholders	623.276.128
16. Secondary Legal Reserves	169.753.500
17. Statutory Reserves	0
18. Special Reserves	0
19. Extraordinary Reserves	1.736.954.500
20. Other Distributable Resources	601.370.000

Dividend Payment Rates Table

Share Group	CASH DIVIDEND AMOUNT (TL) - NET	STOCK DIVIDEND AMOUNT (TL)	TOTAL DIVIDEND AMOUNT (TL) / NET DISTRIBUTABLE CURRENT PERIOD PROFIT (%)	DIVIDEND TO BE PAID FOR SHARE WITH PAR VALUE OF 1 TL - NET (TL)	DIVIDEND TO BE PAID FOR SHARE WITH PAR VALUE OF 1 TL - NET (%)
A Grubu	1.029.894.250	0	32,41	0,53501	53,501
B Grubu	477.496.425	0	15,03	0,45476	45,476
C Grubu	0	0	0	0	0
D Grubu	238.748.212,5	0	7,51	0,45476	45,476
TOTAL	1.746.138.887,5	0	54,95

Dividend Rate Table Explanations

Note: The ratio of gross dividend to net distributable income is 59%.

*Group A shares of our Company are owned by LYY Telekomünikasyon A.Ş. LYY Telekomünikasyon A.Ş. is a fully tax payer corporation, accordingly there will be no withholding tax in the dividend payment.

** Group B shares of our Company are owned by the Republic of Turkey Ministry of Treasury and Finance and Turkish Wealth Fund. The Republic of Turkey Ministry of Treasury and Finance is subject to withholding tax. Turkish Wealth Fund is not subject to withholding tax.

*** There is 1 Group C share, which is owned by the Republic of Turkey Ministry of Treasury and Finance and does not have the right to get dividend payment according to our Articles of Association.

**** As the 15% of the total capital are traded in the Borsa Istanbul, our Company is not able to idenfify shareholders as "limited or fully tax payer, real person or legal person". Gross and net dividend calculation for this group is made on the assumption that all of the Group D shares are subject to withholding tax.