TÜRK TELEKOMÜNİKASYON A.Ş.

Capital/Financing Update • Jan 7, 2019

Summary Info	Board Resolution and CMB Application Regarding Bond Issue
Update Notification Flag	No
Correction Notification Flag	No
Postponed Notification Flag	Yes

Authorized Member Decision Date	26.06.2018
Issue Limit	500.000.000
Currency Unit	USD
Issue Limit Security Type	Dept Securities
Sale Type	Oversea
Domestic / Oversea	Oversea
Capital Market Board Application Date	07.01.2019

Additional Explanations

Our Company's Board of Directors resolved in accordance with Clause 7 of Articles of Association of our Company and paragraph 3 of Clause 31 of Capital Markets Law that, subject to completion of all the necessary procedures in accordance with the relevant legislation, and in particular the legislation of the Capital Markets Board, one or more foreign currency and / or Turkish Lira denominated debt capital market instruments shall be issued overseas without being offered to the public within one year from the approval of the Capital Markets Board, in the structure of a conventional Eurobond and/or sukuk up to a total amount of USD 500 Million or its equivalent (including the equivalent of USD 500 Million). Within this resolution scope, necessary approval application has been made to the Capital Market Board today. In relation to the subject of the bond issuance mentioned in this disclosure, in order to ensure that the legitimate interests of our Company and our investors are protected amid volatile market conditions and for the evaluation of different possibilities in the issuance process and/or for a possible deferral for more appropriate market conditions, until the completion of related studies, the disclosure of insider information was decided to be postponed pursuant to article 6 of the Material Events Disclosure Communiqué numbered II-15.1 by the Capital Markets Board (CMB). This disclosure is made pursuant to the relevant legislations, based on the fact that the reasons for postponement have been removed.