Istanbul, May 13, 2013

Announcement regarding the Board of Directors' proposal on the dividend distribution policy

Subject: Statement made pursuant to Circular VIII, No: 54 of the Capital Markets Board

The Turkcell Board of Directors' proposal regarding the Company's dividend distribution policy starting from 2013 fiscal year, to be submitted for the approval of the General Assembly in accordance with capital markets regulations, is as follows:
"The Company shall target a dividend payout of at least 50% of its distributable net income. This policy will be subject to the Company's cash projections, business outlook, investment plans and capital market conditions. The actual dividend decision will be made for each year separately with the approval of the General Assembly of Shareholders.
Additionally, in order to create added value for its shareholders, the Company may also consider share repurchase programs depending on the conditions set forth above and applicable regulations."

For more information:

Turkcell Investor Relations

investor.relations@turkcell.com.tr

Tel: + 90 212 313 1888

You can follow us on twitter at http://twitter.com/TurkcellNews

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