Press Release of the Chairman of Turkcell, Mr. Colin J. Williams:

Istanbul (ots/PRNewswire) -

The recent Capital Markets Board ("CMB") communiqué pertaining to
the Corporate Governance Principles marks a milestone, especially in
terms of enabling the effective disclosure to, and fair
representation of small investors. I regard this communiqué as being
of great importance, not only for Turkey in general, but also for
Turkcell in specific.

The presence of the independent board member in Turkcell's case
has paved the way for highly successful outcomes. This recent CMB
communiqué essentially binds the presence of independent members and
their actions to clearer corporate principles. I personally believe
that this communiqué in its present form will enable a balanced model
wherein the increasing weight of independent members will ensure a
management approach that safeguards the rights of all Turkcell
shareholders. This will in turn support long term strategic targets,
investments and international projects, simultaneously positioning
Turkcell as "Turkey's international player" and sustaining the
continuity of investments.

In the past, based on the support of non-obligatory corporate
governance principles, I had attempted to determine the selection
criteria for independent members and implement the requisite
processes, with the aim of increasing the number of independent board
members in order to resolve disputes among shareholders and avoid the
conflict that affected Company management. And although my efforts
were inconclusive, having not been approved at Board level, I became
subject to the unfair and baseless claims of certain shareholders,
who argued that I was personally preventing the implementation of
corporate governance principles at Turkcell.

In recent days, these claims questioning my independence have
escalated to both the courts and the Company's General Assemblies.
Yet I believe that the process ahead of us will demonstrate that the
claims laid against me are both unfair, and lacking in any legal
grounds whatsoever.

To date, all my efforts have been expended in the best interests
of the Company. And I firmly believe that this new legislation will
contribute to the execution of corporate governance principles at
Turkcell.

As Chairman, I am confident that Turkcell, in continuing to meet
international standards, will in the future successfully remain the
exemplary company that it has been thus far.

Rückfragehinweis:
Colin J. Williams and number is: +90-212-313-1000

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