Turkcell Iletisim Hizmetleri : 1.10.2020 | Announcement Regarding the Completion of Sale of İnteltek Shares

Istanbul, October 01, 2020

Announcement Regarding the Completion of Sale of İnteltek Shares

With reference to our announcements dated January 15 and June 19, 2020, the transfer of our total 55% shareholding in İnteltek İnternet Teknoloji Yatırım ve Danışmanlık Ticaret A.Ş. ("İnteltek") to Intralot, the other shareholder of İnteltek, has been completed on September 30, 2020. The final value of the transaction is realized as TRY 6,063,099. Approximately TRY 1.6 million profit, generated from the transaction, is to be reflected in our 2020 third quarter financial statements.

Board Decision Date for Sale

Is There Majority Approval of Independent Directors Regarding the Resolution Related to Sale Transaction

Title of Non-current Financial Asset Sold

Field of Activity of Non-current Financial Asset sold

Capital of Non-current Financial Asset sold

Date on which the Transaction was/will be Completed

Sales Conditions

Nominal Value of Shares Sold

Sales Price Per Share

Total Sales Value

Ratio of Shares Sold to Capital of Non- current Financial Asset (%)

Total Ratio of Shares Owned in Capital

of Non-current Financial Asset After

Sales Transaction (%)

Total Voting Right Ratio Owned in Non- current Financial Asset After Sales Transaction (%)

Ratio of Non-current Financial Asset Sold to Total Assets in Latest Disclosed Financial Statements of Company (%)

• 30.10.2019
• Yes
• İnteltek İnternet Teknoloji Yatırım ve Danışmanlık Ticaret A.Ş. ("İnteltek")
• Information and entertainment services
• TRY 10,000,000
• 30.09.2020
• Cash
• TRY 5,500,000
• TRY 0.011
• TRY 6,063,099
• 55.0%
• 0%
• 0%
• 0.02%

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Ratio of Transaction Value to Sales in Latest Annual Financial Statements of Company (%)

Effects on Company Operations

Profit / Loss Arised After Transaction

How will Sales Profit be Used if Exists?

Board Decision Date for Use of Sales Profit if Exists

Title/ Name-Surname of Counter Party Bought

Is Counter Party a Related Party According to CMB Regulations?

Relation with Counter Party if any

Agreement Signing Date if Exists

Value Determination Method of Non- current Financial Asset

Did Valuation Report be Prepared?

Reason for not Preparing Valuation Report if it was not Prepared

Date and Number of Valuation Report

Title of Valuation Company Prepared Report

Value Determined in Valuation Report if Exists

Reasons if Transaction wasn't/will not be performed in Accordance with Valuation Report

• 0.6%
• The parent-subsidiary relationship will cease.
• Approximately TRY 1.6 million
• -
• There is no decision taken for this matter.
• Intralot Iberia Holding SAU ("Intralot")
• No
• The other shareholder of İnteltek with 45% stake
• 29.07.2020
• Determined by negotiations considering financials of İnteltek and market conditions.
• Not prepared
• Not required by the legislation
• -
• -
• -
• -

For more information:

Turkcell Investor Relations

[e-mail]

Tel: + 90 212 313 1888

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