TÜRK EKONOM? BANKASI A.?. Public Disclosure

Address of the Company

:

TEB Kampüs C ve D Blok, Saray Mahallesi, Sokullu Caddesi, No: 7A-7B Ümraniye/?STANBUL

Telephone and Fax Number

:

(0216) 635 35 35 - (0216) 636 36 36

Telephone and Fax number of the Investors/Shareholders and Relationship Unit of the Company

:

(0216) 635 35 35 - (0216) 636 36 36

Date of Disclosure

:

31 January 2013

Is the Disclosure postponed?

:

No

Summary

:

Our Bank's possession of an indirect subsidiary and merger of Fortis Faktoring A.?. and TEB Faktoring A.?., which is a subsidiary of our Bank

EXPLANATION:

We have been notified that the merger process of Fortis Faktoring A.?. and TEB Faktoring A.?., which is a subsidiary of our Bank, has been commenced; and the Sale and Purchase Agreement dated 31 January 2013 has been signed for the purpose of the completion of the share transfer prior to the merger.
Pursuant to the Sale and Purchase Agreement, a portion corresponding to TRY 14,499,996.- of Fortis Faktoring A.?. shares with a nominal value of TRY 14,500,000.- shall be purchased by TEB Faktoring A.?.
Consequently, our Bank shall be indirectly holding 100% shares in Fortis Faktoring A.?. Following such share transfer, it is intended that TEB Faktoring A.?. and Fortis Faktoring
A.?. merge under TEB Faktoring A.?.
The abovementioned share transfer and merger transactions shall be realized following the approvals by the Banking Regulation and Supervision Agency and the Competition Board. Necessary public disclosures in relation to subsequent developments in the transfer and merger processes shall be made as per the Capital Markets Board Communiqué Series VIII, No. 54.
We declare that the disclosure made above is in accordance with the CMB Communiqué Series: VIII, No. 54, and that it fully reflects the information provided to us regarding this subject. The information disclosed above complies with our records and we have made all necessary efforts to obtain all the relevant information regarding this subject. We further declare that we are responsible for the content of this disclosure.

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