TÜRK TELEKOMÜNİKASYON A.Ş.

Notice of Dividend Amount • Mar 3, 2020

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

Decision Date	03.03.2020
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	-

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	0,3437200	34,372	0	0,3437200	34,372
B Grubu, İşlem Görmüyor, TRETTLK00039	Payment In Advance	0,3437200	34,372	15	0,2921620	29,2162
C Grubu, İşlem Görmüyor, TRETTLK00047	Payment In Advance	0,0000000	0	0	0,0000000	0
D Grubu, TTKOM, TRETTLK00013	Payment In Advance	0,3437200	34,372	15	0,2921620	29,2162

Dividend Dates

Payment	Proposed Ex-Dividend Date	Final Ex-Dividend Date	Payment Date	Record Date
Payment In Advance	01.06.2020		03.06.2020	02.06.2020

(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

As the leader integrated telecommunications company of Turkey, Türk Telekom continue its activities to deliver its strategic targets, to carry out its investments to sustain its technological leadership and at the same time to further strengthen its balance sheet. By taking into consideration these priorities, the Board of Directors proposed that the profit for the fiscal year 2019 be distributed as follows.

It has been resolved, to be decided on our Company's Ordinary General Assembly Meeting pertaining to the fiscal year 2019, that;

1- The 2018 fiscal year's loss under our Company's legal records, amounting of TL 1,974,932,690.14, shall be deducted from the prior fiscal years' profits which have been allocated from net profits between the fiscal years of 2016 and 2017 and which includes no exemption of income. (TL 1,236,552,902.19 shall be deducted from 2017 year profit, TL 738,379,787.95 shall be deducted from 2016 year profit)

2- Our Company's net profit calculated according the independently audited consolidated financial tables prepared in accordance with the provisions of "Capital Markets Board Communique About Financial Reporting in Capital Markets No.II-14.1" is TL 2,406,783,000 and the commercial profit calculated within the scope of the provisions of Turkish Commercial Code and Tax Procedure Law is TL 895,744,275.06, for the fiscal year of 2019.

3- Pursuant to the CMB Communique on Dividends No: II-19.1, the profit after tax amount of TL 2,406,783,000 shall be the base amount for dividend distribution.

4- Since our Company already reached the general legal reserve limit in accordance with Article 519 of Turkish Commercial Code, this reserve is not required for 2019;

5- The base for the first dividend shall be TL 2,443,250,085.41 (Pursuant to the Capital Markets Board regulations, this amount is calculated by adding the donation amount in 2019, which is TL 36,467,085.41 to the net distributable profit of 2019, which is TL 2,406,783,000)

6- Accordingly,

a. TL 488,650,017.08 which corresponds to the 20% of TL 2,443,250,085.41 (the first dividend base) shall be distributed to the shareholders as first cash dividend;

b. TL 714,369,982.92 shall be distributed to the shareholders as second cash dividend;

c. the general legal reserves of TL 102,802,000 (calculated as 1/10 of the "profits to be distributed" after 5% of paid in capital is deducted from it pursuant to the CMB regulations) shall be set aside from the remaining part of the net distributable profit;

d. TL 1,100,961,000 which is the remaining of the 2019 year's distributable profit after the cash dividend distribution shall be regarded as prior year's profit and set aside within the Company, in case the amount which is set aside as 2019 fiscal year's profit is subject to redistribution, the withholding tax deductions shall be applicable on such amount.

As a result;

e. A total gross amount of TL 1,203,020,000 which corresponds to approximately 50% of our Company's net distributable profit pertaining to year 2019 shall be distributed from the profit which is stated as prior years' profit under legal records, the withholding tax deductions shall be applicable within the scope of relevant regulations on the distribution date.

f. 0.34372 Kuruş (34.37%) gross cash dividend per each share worth for 1 Kuruş nominally shall be distributed to our shareholders and total gross cash dividend distribution amount shall be TL 1,203,020,000.

7- The distribution of the cash dividends to our shareholders shall begin on 01/06/2020.

Supplementary Documents

Appendix: 1	TÜRK TELEKOMÜNİKASYON A.Ş. 2019 YILI KAR DAĞITIM TABLOSU.pdf
Appendix: 2	Türk Telekomünikasyon A.Ş. 2019 Dividend Distribution Table.pdf
Appendix: 3	Pay Başına Temettü Bilgileri 2019_03.03.2020.pdf
Appendix: 4	Dividend Per Share Information_2019.pdf

DIVIDEND DISTRIBUTION TABLE

TÜRK TELEKOMÜNİKASYON A.Ş. 01.01.2019/31.12.2019 Period Dividend Payment Table (TL)

1.Paid-In / Issued Capital	3.500.000.000
2. Total Legal Reserves (According to Legal Records)	2.664.146.806,88

*	Based on CMB Regulations	Based on Legal Records
3. Current Period Profit	2.734.758.000	895.744.275,06
4. Taxes Payable (-)	327.975.000	0
5. Net Current Period Profit	2.406.783.000	895.744.275,06
6. Losses in Previous Years (-)	0	0
7. Primary Legal Reserve (-)	0	0
8. Net Distributable Current Period Profit	2.406.783.000	895.744.275,06
Dividend Advance Distributed (-)
Dividend Advance Less Net Distributable Current Period Profit
9. Donations Made During The Year ( + )	36.467.085,41
10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated	2.443.250.085,41
11. First Dividend to Shareholders
* Stock	488.650.017,08
* Cash	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	714.369.982,92
16. Secondary Legal Reserves	102.802.000
17. Statutory Reserves
18. Special Reserves
19. Extraordinary Reserves	1.100.961.000	0
20. Other Distributable Resources		1.203.020.000

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	661.661.000	0	27,49	0,34372	34,372
B Grubu	306.770.100	0	12,75	0,29216	29.216
C Grubu	0	0	0	0	0
D Grubu	153.385.050	0	6,37	0,29216	29,216
TOTAL	1.121.816.150	0	46,61

Dividend Rate Table Explanations

Note: The ratio of gross dividend to net distributable income is 50%.

*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.