TÜRK TELEKOMÜNİKASYON A.Ş.

Notice of Dividend Amount • Jan 25, 2021

Summary Info	Board of Directors' Resolution for Profit Distribution
Update Notification Flag	No
Correction Notification Flag	No
Postponed Notification Flag	No

Decision Date	25.01.2021
Type of Cash Dividend Payment	Payment In Advance
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.

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	Payment In Advance	0,1718200	17,182	0	0,1718200	17,182
B Grubu, İşlem Görmüyor, TRETTLK00039	Payment In Advance	0,1718200	17,182	15	0,1460470	14,6047
C Grubu, İşlem Görmüyor, TRETTLK00047	Payment In Advance	0,0000000	0	0	0,0000000	0
D Grubu, TTKOM, TRETTLK00013	Payment In Advance	0,1718200	17,182	15	0,1460470	14,6047

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

Our Company's Board of Directors had resolved by its decision dated 03.03.2020 and numbered 31, to distribute a total gross amount of TL 1,203,020,000 which corresponded to approximately 50% of our Company's net distributable profit for the year 2019 from the previous year's profit under legal records.

According to the Provisional Article 13, which was added to the Turkish Commercial Code ("TCC") numbered 6102, with the Law No. 7244 published in the Official Gazette dated 17.04.2020 and numbered 31102, capital companies were allowed to pay up to 25% percent of the net profit for the year 2019 and were restricted to distribute the profits of previous year and legal reserves until 31.12.2020. In order to comply with the aforementioned restriction on dividend distribution, 25% of the distributable profit for the year 2019 was decided to be distributed at the Ordinary General Assembly Meeting dated 25.07.2020 and the dividend distribution commenced on 28.07.2020.

The dividend distribution restriction within the framework of TCC Provisional Article 13 and the provisions on Communiqué on the Procedures and Principles Regarding the implementation of the Provisional Article 13 of the TCC, has ended as of 31.12.2020; and no further regulation came into effect in this regard. Therefore, the TCC procedures which were in force before Provisional Article 13 shall apply.

Accordingly, our Company's Board of Directors has resolved to propose the following to the shareholders at the Company's first upcoming General Assembly Meeting:

(i) An amount of TRY 601,370,000.00, which was decided to be distributed by the Board of Directors' decision dated 03.03.2020 and numbered 31, but was set aside within the Company as prior year's profit, because it could not be distributed within the year 2020 in compliance with the aforementioned dividend distribution restriction, shall be distributed to the shareholders.

(ii) Withholding tax deductions shall be applicable during the distribution within the scope of relevant regulations.

(iii) Thus, 0.17182 Kuruş (17.182%) gross cash dividend per each share worth 1 Kuruş nominally shall be distributed to our shareholders and total gross cash dividend distribution amount shall be TL 601,370,000.00.