Pursuant to the approval of the Capital Markets Board on March 10, 2017 regarding the issuance of all The Chairman of Board of Directors Mr. Ferit Faik Sahenk has notified Turkiye Garanti Bankasi A.S. that as of September 19, 2017 he would be resigning from the Board of Directors of Bank and his position as the Chairman of the same, with a view to focus more on the projects of Dogus Holding and Dogus Group companies. The Board of Directors of Bank has convened a meeting on September 19, 2017 at which the resignation of Mr. Sahenk has been accepted. The Board further resolved to appoint Mr. Süleyman Sözen as the new Chairman of the Board of Directors and appointed Mr. Jorge Saenz-Azcunaga Carranza as the new Vice Chairman. The appointment of an alternate member for the vacancy resulting from the resignation will be finalized at a later stage.