DISCLOSURE POLICY OF ASYA KATILIM BANKASI A.Ş.

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1 DISCLOSURE POLICY OF ASYA KATILIM BANKASI A.Ş. 1. Purpose and Scope Asya Katılım Bankası A.Ş. provides any financial information, other information and disclosures primarily within the framework of Turkish Banking Law and additionally within regulations of said Law, Capital Market Regulations, Turkish Commercial Code and the Istanbul Stock Exchange (ISE), where the Bank s stocks are traded in accordance with generally accepted accounting principles and corporate governance principles. The Bank adopts the policy of detailed information and public disclosure within this regard. The main purpose of this disclosure policy is to provide the necessary information and explanations out of the scope of trade secrets to the shareholders, investors, employees, customers, funders and other relevant parties as to help them make decisions in a timely, fair, correct, complete, clear, easy, affordable and accessible manner. Asya Katılım Bankası A.Ş. is in compliance with regulatory provisions, and is adhering to the most current applications in the world on disclosure and informing the public with the purpose of adopting and applying Corporate Governance Principles published by Capital Markets Board (CMB). The Disclosure Policy of Asya Katılım Bankası A.Ş. has been approved and put into practice by the Board of Directors upon being prepared in accordance within the aforementioned framework and the provisions of CMB. 2. Authority and Responsibility The Disclosure Policy of Asya Katılım Bankası A.Ş. is determined and approved by the Board of Directors of the Bank, and this information is provided to the shareholders, beneficiaries and the public in the General Assembly. The Board of Directors is responsible for the follow-up, review and development of the Disclosure Policy. The coordination of information is carried out by the Corporate Management Committee. With regards to public disclosure, the applicable law shall apply and the principles of Corporate Governance are put into practice. Any new regulations or amendments to the existing Disclosure Policy will be announced on the website of our Bank within one week. 3. Public Disclosure Principles In accordance to the provisions of applicable law, the main public disclosure principles used by Asya Katılım Bankası A.Ş. are as follows: Consolidated and unconsolidated three-month period financial tables, annual financial tables, footnotes and explanations regarding the relevant financial tables, independent audit reports issued within the Framework of Banking Regulation and Supervision Agency, CMB regulations, Turkish Accounting Standards and Turkish Financial Reporting Standards are first uploaded online to the Public Disclosure Platform by the Bank and published on its website, 1

2 Investor Relations Section. Financial tables and reports from at least the last 5 years can be accessed from this section. The Bank s independent audit report is sent to Banking Regulation and Supervision Agency, Central Bank of the Republic of Turkey and the Participation Banks Association of Turkey. Any information regarding the General Assembly Meeting and General Assembly Agenda is disclosed to the public at least two weeks before the meeting in the Head Office, branches, and via the Bank s web site. The resolutions are submitted online to the shareholders after the General Assembly Meeting. During the preparation of the agenda, matters conveyed by the shareholders to the Shareholder Relations Service which they require to have on the agenda may be taken into account by the Board of Directors. The Annual Report, Auditor s Report and Independent Audit Reports in the agenda articles of the General Assembly are read and negotiated in the Ordinary General Assembly Meetings. Additionally, the Board of Directors proposal regarding profit distribution and balance-profit loss accounts is examined and negotiated. Any amendments to the Disclosure Policy or Ethical Principles of the Bank, as well as the donations made within the year are disclosed to the General Assembly. At the end of the year, following the Ordinary General Assembly Meetings, a general evaluation of the previous year is made by the Chairman of the Board of Directors and/or General Manager via press conference, or a press conference concerning the general evaluation of the previous year is published. Pursuant to the Capital Markets Board Communiqué serial VIII and numbered 54 Principles of Public Disclosures, any necessary explanations concerning the news or rumors potentially affecting the investment decisions of the shareholders or the share prices will be published on the website ( of Public Disclosure Platform within the terms specified by the Shareholder Relations Service in the Communiqué. Additionally, these explanations can be accessed through the Disclosure to ISE link under Investor Relations section on the Bank s website. Follow-up to unsubstantiated rumors will be made by a media tracking agency. When groundless rumors and gossips are found out, public disclosure will be made when verification is demanded by CMB and/or ISE, or when required by the management. The publicly disclosed projected information, including the financial tables and its footnotes, is explained by using forecasts and statistical data. This information is always correlated to the financial state and operating results of the bank. In case these projections are not realized, updated information and reports will be disclosed immediately to the public, along with the reasons for change. 2

3 Profit distribution policy is included in the activity report and published in the Investor Relations section of the Bank s website. The Bank takes the requisite systematic and administrative measures in order to provide the utmost confidentiality of internal information. The list of individuals that have access to internal information consists of the Board of Directors and Auditing Board, General Manager, Assistant General Managers, and third party contractors who work for the Bank. The List of Having to Access to Internal Information is available to the public through the Bank s website. This list is updated in case of amendments. 4. Persons Authorized to Disclose Information Any press releases made to print, visual media or data distribution channels such as Reuters, Foreks etc. are made by the Chairman of Board of Directors, General Manager, and Assistant General Managers, or by the Directorate of Corporate Communication. Without prior authorization, no employee of Asya Katılım Bankası A.Ş. is permitted to reply to any questions of capital market participants. 5. Persons Under Administrative Responsibility Pursuant to the Communiqué serial VIII and numbered 54 issued by the Capital Market Board, all transactions realized by the persons (or closely-related persons) having administrative responsibility within the partnership regarding the corporate stocks and other capital market instruments based on these shares are informed by the transactor to the ISE. The List of Having Administrative Responsibility includes Executive Management and Audit Board members of Asya Katılım Bankası A.Ş. and the persons having direct or indirect Access to the internal information of the Bank, affecting the future development and commercial targets of Asya Katılım Bankası A.Ş. and having the authority to make administrative decisions. The List of Persons Having Administrative Responsibility is published and updated on the Bank s website. The determination of the persons having administrative responsibility and closely-related persons is made under the provisions of the Communiqué, and said lists are reserved. 6. Information Instruments a. Website According to the Corporate Management Principles of the Capital Markets Board, detailed information and data concerning the Bank is available on the Bank s website in both Turkish and English. The Turkish website can be accessed through and the English website can be accessed through The postal address, telephone and fax numbers, and address of Investor Relations Section are provided to shareholders. Additionally, frequently asked questions and their relevant answers are also available on the 3

4 Bank s website. The website is maintained and updated regularly by the Directorate of Investor Relations Department in conjunction with the Shareholder Relations Service. In the Investor Relations Section of the Turkish website, the Bank provides detailed information on corporate management, such as contact information, the company history, shareholder structure, trade registry information, articles of association, organization, executive management team, the member list of Board of Directors and Auditing Board of the Bank, credit rating given by the Credit Rating Agencies to Asya Katılım Bankası A.Ş., information on corporate management and General Assembly Meetings, voting by proxy form, list of General Assembly participants, resolutions of the General Assembly, periodic financial tables and annual reports of the Bank prepared in accordance with Banking Regulation and Supervision Agency and international accounting standards, investor calendar, periodic presentations for the investors, disclosures to ISE, disclosure policy and ethical principles. All news and letters published in the press regarding Asya Katılım Bankası A.Ş. can be accessed through the Pressroom section of the website. The Bank puts great emphasis on developing the corporate website as a means of access to quality information. The website s security is provided by the Directorate of System Development and the Directorate of Software Development. Updates to the website are made by the Directorate of Branchless Banking. The security of the website is guaranteed by Asya Katılım Bankası A.Ş. b. Social Responsibility Projects Asya Katılım Bankası A.Ş. participates in environmental organizations with a wide range of activities, along with a number of sponsorships. These are within the scope of the social responsibility project initiated with the aim of providing various activities in order to increase environmental consciousness. The Bank s Social Responsibility Activities are displayed on the website, both in Turkish and English. c. Annual Report The Annual Report is prepared in accordance with Banking and Capital Market Legislation, Corporate Governance Principles and approved by the Bank Board of Directors. The Annual Report is prepared in both Turkish and English for foreign investor accessibility. Annual Reports are submitted to shareholders and will be published on the corporate website at least 15 days before the General Assembly Meeting. Annual Reports dating back at least 5 years are included in the Investor Relations section of the Bank s website. d. Meetings for Investors and Shareholders Asya Katılım Bankası A.Ş. may organize information meetings following the reporting periods upon demand of the Board of Directors, shareholders or investors. In these meetings, questions asked to Bank authorities will be answered in detail, provided they do not divulge trade secrets. Information transfer is provided to the shareholders and other relevant parties via teleconferences made following the ends of these reporting periods. These teleconferences are coordinated by the Directorate of Investor Relations. The Directorate of Investor Relations of Asya Katılım Bankası A.Ş. will announce the current developments of our Bank in a clear, 4

5 equal, stable, complete and timely manner by providing a detailed analysis on financial data, holding proactive and regular meetings with corporate investors and bank analysts through the representation channel on the website. e. Media and Press Releases The Directorate of Corporate Communication provides press releases through print and visual media in order to share the important developments, financial tables and financial status, future expectations and strategies of the Bank with the public and shareholders in accordance with work flow and approval procedures. f. Trade Registry Gazette, Other Gazettes Any amendments to the Articles of Association, including the Agenda of the General Assembly Meeting, the Proxy form, General Assembly Resolutions and Capital Increases will be announced to the public via the Turkish Trade Registry Gazette. General Assembly Meetings, amendments to the Articles of Association, profit allocation and capital increase resolutions will be announced to the public by two national newspapers determined by the Bank. As per regulations, the annual financial tables and reports will be announced in the Turkish Trade Registry Gazette within 30 days following the Ordinary General Assembly Meeting, and then in the Official Gazette. g. News Channels (Reuters, AP, Bloomberg, Foreks etc.) Press releases made by the Bank will be delivered to news and data delivery institutions such as Reuters, AP, Bloomberg and Foreks. h. Communication Instruments such as Letter, Fax, Electronic Mail, Telephone etc. Questions asked via letter, fax, and telephone by the shareholders and other relevant parties regarding any matters disclosed to the public by the Bank will be answered coordinately by the Investor Relations Department and Shareholder Relations Service as soon as possible. 7. Enforcement: The Disclosure Policy of Asya Katılım Bankası A.Ş. enters into effect on the date of approval by the Board of Directors. 5