AKBANK T.A.Ş. — Capital/Financing Update 2016

Sep 5, 2016

Summary Info	Applications to CMB and Borsa Istanbul to issue bills/or bonds domestically
Update Notification Flag	Yes
Correction Notification Flag	No
Postponed Notification Flag	No

Authorized Member Decision Date	23.08.2016
Issue Limit	10.000.000.000
Currency Unit	TRY
Issue Limit Security Type	Dept Securities
Sale Type	Public Offering-Private Placement-Sale To Qualified Investor
Domestic / Oversea	Domestic
Capital Market Board Application Date	05.09.2016

Additional Explanations

Reference: Public disclosure dated 23.08.2016

It has been announced in the referenced disclosure that the Board of Directors of our Bank had authorized the General Directorate to issue bills and/or bonds in Turkish Liras on behalf of our Bank, with varying maturities, up to 10 Billion Turkish Liras domestically, through one or more issuances; to determine the maturity of the bills and/or bonds planned for issuing to be no more than 5 years; to realize the sales via public offering and/or private placement or by selling to qualified investors; to issue with discounts and/or coupon depending on the market conditions and to issue coupon bonds with fixed or floating interest rate; to take as reference one or more treasury bills and/or government bonds which are matching with the bills and/or bonds to be issued; to add extra premium, if necessary; to determine the rate of extra premium to be added; to designate all terms and conditions regarding the issues, including the due interest rates; and to make all required applications to the Banking Regulation and Supervision Agency, to the Capital Markets Board and other authorities.

In this context; our Bank has made necessary applications to Capital Markets Board of Turkey and Borsa İstanbul A.Ş. and also notified the Banking Regulation and Supervision Agency for the issuance of bills and/or bonds to be sold domestically by our Bank in different maturities, through public offerings and through private placements.

In case of contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.