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INTRODUCTION

ACTIVITIES

CORPORATE GOVERNANCE

FINANCIAL INFORMATION AND RISK MANAGEMENT

İŞBANK

ANNUAL REPORT 2012

Provisional Article 17

- In accordance with the Law nr. 5274

related to changing the Turkish Commercial Code, each Group

(A) share with a nominal value of TL 500, each Group (B) share

with anominal value of TL 10,000 and each Grop (C) share with

a nominal value of TL 40,000 have been changed into Group (A)

share with a nominal value of 1 New Kurus, Group (B) share with a

nominal value of 1 New Kurus and Group (C) share with a nominal

value of 4 New Kurus.

As a result of this change, total number of shares has decreased

and thus, 1 Goup (A) share with a nominal value of 1 New Kurus

will be given for 20 Group (A) shares with a nominal value of

TL 500; 1 Group (B) share with a nominal value of 1 New Kurus

will be given for each Group (B) share with a nominal value of

TL 10,000 and 1 Group (C) share with a nominal value of 4 New

Kurus will be given for each Group C shares with a nominal value of

TL 40,000.

As a result of the above mentioned change; in accordance with

article 399 of the Turkish Commercial Code, which has been

changed by the Law nr. 5274, 20 Group (A) shares each with a

nominal value of TL 500 will be changed with a Group (A) share

with a nominal value of 1 New Kurus, each Group (B) share with

a nominal value of TL 10,000 will be changed with a Group (B)

share with a nominal value of 1 New Kurus, and each Group (C)

share with a nominal value of TL 40,000 will be changed with a

Group (C) share with a nominal value of 4 New Kurus. Group a, B,

and C shareholders have the right to change their shares with the

nominal values mentioned above with the shares with nominal

values stated as New Kurus.

Related to the changes mentioned above, the shareholders’ share

bound rights remain reserved.

Those shareholders whose Group (A) shares are not sufficient for

getting a full share with a nominal value of 1 New Kurus, will be

given a fraction receipt and in case of presenting the rounded up

fraction receipts, they will be changed with a share.

In line with the dematerialization principles, book-entries are

made for the shares representing the capital.

Provisional Article 17 -

In accordance with the Law Nr. 5274 on

the amendment of the Turkish Commercial Code and the Law

regarding the Monetary Unit of the Turkish Republic Numbered

5083 each Group (A) share with a nominal value of TL 500, each

Group (B) share with a nominal value of TL 10,000 and each Group

(C) share with a nominal value of TL 40,000 have been changed

into Group (A) share with a nominal value of 1 New Kurus, Group

(B) share with a nominal value of 1 New Kurus and Group (C) share

with a nominal value of 4 New Kurus.

As a result of this change, total number of shares has decreased

and thus, 1 Group (A) share with a nominal value of 1 New Kurus

is given for 20 Group (A) shares with a nominal value of TL 500;

1 Group (B) share with a nominal value of 1 New Kurus is given

for each Group (B) share with a nominal value of TL 10,000 and 1

Group (C) share with a nominal value of 4 New Kurus is given for

each Group C shares with a nominal value of TL 40,000.

As a result of the above mentioned change; in accordance with

article 399 of the Turkish Commercial Code, which has been

amended by the Law Nr. 5274, 20 Group (A) shares each with a

nominal value of TL 500 is changed with a Group (A) share with

a nominal value of 1 New Kurus, each Group (B) share with a

nominal value of TL 10,000 is changed with a Group (B) share with

a nominal value of 1 New Kurus, and each Group (C) share with a

nominal value of TL 40,000 is changed with a Group (C) share with

a nominal value of 4 New Kurus. Group A, B, and C shareholders

have the right to change their shares with the nominal values

mentioned above with the shares with nominal values stated as

New Kurus.

Related to the changes mentioned above, the shareholders’ share

bound rights remain reserved.

Those shareholders whose Group (A) shares are not sufficient for

getting a full share with a nominal value of 1 New Kurus, will be

given a fraction receipt and in case of presenting the rounded up

fraction receipts, they will be changed with a share.

The shares representing the capital shall be monitored through

records, within the context of the principles of dematerialization.

The face value of the shares was changed as per the Law Nr.5274

on the amendment of the Turkish Commercial Code, such that

each share will have a minimum face value of 1 New Kurus;

and subsequently, the “New Turkish Lira” and the “New Kurus”

inscriptions were changed as “Turkish Lira” and “Kurus” as per

the Council of Ministers Resolution regarding the Removal of the

“New” inscription in “New Turkish Lira” and “New Kurus”, and the

Related Codes of Practice dated 4 April 2007 and under article

1007/11963

(*) Includes the amendments in the Articles of Incorporation made at Extraordinary General Meeting on 30 March 2012.

Amendments in the Articles of Incorporation in 2012