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Related Party Transactions

Common and recurring asset, service and liability transfer transactions between TTNET A.Ş. and Türk Telekomünikasyon A.Ş. in 01.01.2016 – 31.12.2016 financial year exceeded 10% of the reported gross sales revenue of Türk Telekom as stated under its 2016 year-end financial tables and projected to exceed in 2017. These transactions are considered to be made with fair, reasonable and suitable to arm’s length prices considering positive discrimination for operators excluding TTNET A.Ş. by current pricing regulations.

Apart from those there are no asset, service and liability transfer transactions exceeding the threshold with the related parties and is not projected to be done in 2017.

In addition, there is no non-recurring asset, service and liability transfers which reached or exceeded or projected to reach or exceed 5% of the publicly announced gross sales revenue, total assets or average of the adjusted daily weighted average market capitalization for 6 months period prior to the related Board Resolution date, as defined by the Article 9 of the Capital Markets Board Communique II-17.1 on Corporate Governance.​

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