CONDITIONS EURO/USD/GBP/TRY-PLUS SAVINGS ACCOUNT AND EURO/USD/GBP/TRY-PLUS DEPOSIT

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1 CONDITIONS EURO/USD/GBP/TRY-PLUS SAVINGS ACCOUNT AND EURO/USD/GBP/TRY-PLUS DEPOSIT These general terms and conditions were issued in 2014 by Yapi Kredi Bank Nederland N.V. and are, together with the General Banking Conditions, applicable to savings accounts and term deposits held at Yapi Kredi Bank Nederland N.V. 1 Definitions In these general terms and conditions the following words shall have the following meanings: "Account Holder(s)": one or more natural persons or legal entities in whose name a Savings Account was opened. "Bank": Yapi Kredi Bank Nederland N.V., established in Amsterdam, the Netherlands. "Conditions": these general terms and conditions for Savings Accounts and Term Deposits. "Counter Account": the operating account of an Account Holder in Euro or in Foreign Currency held in the name of that Account Holder at the Bank or at another financial institution in the Netherlands, of which the account details were notified by the Account Holder to the Bank. "Deposit Amount": the agreed amount of the balance of a Savings Account to be blocked under a Term Deposit. "Deposit Interest": the agreed interest rate calculated over the Deposit Amount during the Deposit Term. "Deposit Term": the period during which the Account Holder committed itself to have the Deposit Amount blocked by the Bank under a Term Deposit. "Foreign Currency": American Dollars, British Pounds, Turkish Lira or any other foreign currency accepted by the Bank as currency for which a Savings Account can be opened at the Bank. "General Banking Conditions": the general terms and conditions of the Bank as published in "Joint Savings Account": a Savings Account as described in Clause 3 of these Conditions. "Savings Account": a savings account in Euro or in Foreign Currency hold by a natural person or a legal entity at the Bank, including Joint Savings Accounts. "Savings Interest": the interest as established by the Bank in connection with the balance of a Savings Account which is not subject to a Term Deposit. "Term Deposit": an agreement between the Bank and the Account Holders under which the Bank agrees to pay the Deposit Interest during the Deposit Term over the Deposit Amount, provided that the Deposit Amount and its currency remain the same during the Deposit Term.

2 2 2 Opening of a Savings Account 2.1 The Bank is obliged to verify the identity of the Account Holder(s) and for that purpose the first transfer to the Savings Account should come directly from the Counter Account of the Account Holder. Furthermore, all Account Holders are obliged to deliver to the Bank a copy of their identification documents, together with written evidence of their addresses. If an Account Holder fails to comply with these identification obligations, the Bank is entitled to reject the request for the opening of a Savings Account. 2.2 Savings Accounts in the name of minors can only be opened if his or her legal representative has also signed the application form and if the legal representative has also delivered a copy of his or her identification documents to the Bank. As long as the Account Holder is a minor, only his or her legal representative can operate the Savings Account. In addition to this the legal representative, as long as the Account Holder is a minor, is jointly liable with the minor Account Holder for the performance of the minor Account Holder of his or her obligations towards the Bank in relation to the Savings Account and in relation to any Term Deposit. Only when the Account Holder reaches the legal age, he or she can dispose of his or her Savings Account and Term Deposits. 3 Joint Savings Accounts 3.1 A joint Savings Account is a Savings Account opened in the name of two or more Account Holders. The Account Holders of a Joint Savings Account are independently authorized to give instructions to the Bank in relation to the Savings Account or in relation to opening, extending or closing of any Term Deposit connected with the Savings Account. The Bank is not obliged to verify if one Account Holder of a Joint Savings Account agrees with the instructions given by the other Account Holder. In case one of the Account Holders of a Joint Savings Account dies, the remaining Account Holder remains entitled to freely dispose of the Savings Account and the Term Deposit connected therewith. 3.2 The Bank is entitled to invoke the set-off provisions from the General Banking Conditions also against the Account Holder(s) of a Joint Savings Account, even if the claim for which the set-off provision is invoked by the Bank is not a claim directed towards all Account Holders of a Joint Savings Account. Account Holders of a Joint Savings Account are each jointly and severally liable towards the Bank for the costs related to the Savings Account and to any Term Deposit connected with that Savings Account. 3.3 If the Account Holders of the Joint Savings Account give conflicting instructions to the Bank, the Bank shall suspend the execution of their instructions until the Account Holders have given a joint written instruction to the Bank or have delivered to the Bank a true copy of a final decision of a Dutch Court specifying which instructions the Bank needs to follow.

3 3 4 Counter Account 4.1 The Counter Account from which the first payment to the Savings Account is made shall be in the name of the Account Holder. Payments into the Savings Account may only come directly from the Counter Account. Payments into the Savings Account and coming from any other account than the Counter Account, may be refused anytime by the Bank without further explanation required. 4.2 If the Counter Account of a Joint Savings Account is not in the name of both Account Holders, both Account Holders shall each inform the Bank of a Counter Account opened in their individual names and each of them is obliged to make a first transfer to the Savings Account from its own Counter Account. 4.3 For each Savings Account only two Counter Account can be used. From the Savings Account payments can only be made to the Counter Account. 5 Foreign Currency 5.1 If the Account Holder has a Savings Account in Euro and wants to make transfers from its Counter Account to its Savings Account in Foreign Currency, then the Bank shall exchange these Foreign Currency to Euro against the then for the Bank prevailing exchange rate, after which the resulting Euro amount, after subtraction of commission and costs, shall be credited to the Savings Account. 5.2 If the Account Holder has a Savings Account in Foreign Currency and wants to make transfers from its Counter Account to the Savings Account in Euro or in another Foreign Currency than the Foreign Currency for which the Savings Account was opened, the Bank shall exchange these Euros or other Foreign Currency into the Foreign Currency for which the Savings Account was opened against the then for the Bank prevailing exchange rate, after which the resulting amount of Foreign Currency, after subtraction of commissions and costs, shall be credited to the Savings Account. 5.3 Account Holders should be aware that exchanging currency comes at a cost and that currency exchange rates can be volatile, due to which the value of one currency versus another currency can increase or decrease. The Bank does not give advice to Account Holders in relation to the exchange of currency, but only executes exchange instructions given by Account Holders. 6 The Savings Account 6.1 The Savings Account is not an operating account, which means that payments from a Savings Account can cost more time. Payment instructions for amounts less than Euro 1 (or the counter value in Foreign Currency) will not be executed. The Bank can charge costs for urgent payment transfers.

4 4 6.2 No cash payments can be made to and no cash withdrawals can be made from the Savings Account. Withdrawals from the Savings Account can only be done by means of transfers to the Counter Account connected with the Savings Account. 6.3 Natural persons being Account Holders can give the Bank payment instructions in relating to their Savings Account in writing, per telephone or from the address which was submitted to the Bank at the opening of the Savings Account. Legal entities being Account Holders can only give these payment instructions by means of a transfer form signed by an authorized representative of that Account Holder, unless the Bank has agreed to other means of accepting payment instructions from such legal entity being an Account Holder. For a business savings account, the bank will charge once a year an amount of 100 euros as account maintenance fee. The amount will be debited automatically at the end of each year. 6.4 The Account Holders, whether they are natural persons or legal entities, accept all risks related to the means of communication used by them in their contacts with the Bank. 6.5 In case of changes in the balance of the Savings Account, the Bank will send account statements on a monthly basis to the Account Holder(s) by . In case the balance of a Savings Account remains unchanged, then the Bank will send account statements on a quarterly basis. The Bank is entitled to stop sending hard copy account statements, if the Account Holders are given the option to check the balance of their Savings Account via the internet. 6.6 In case there are no Term Deposits connected to a Savings Account, the Account Holder can cancel the Savings Account with immediate effect by sending a written notice to the Bank, in which case the Bank shall transfer the balance of the Savings Account and the accrued Savings Interest to the Counter Account specified in the cancellation letter of the Account Holder. In case of cancelation of a Joint Savings Account, the cancellation letter and the transfer instructions contained therein needs to be signed by all Account Holders. Cancellation letters which are only signed by the legal representative of an Account Holder will not be accepted. 6.7 If the Bank has reasons to believe that a payment into the Savings Account may be originating from criminal sources or from persons or entities against whom sanctions are imposed or are likely to be imposed by any governmental or supranational organization, the Bank may refuse to accept such payment into the Savings Account and/or may transfer such amount back to the account where it came from. In case the Bank has reasons to believe that a Savings Account is used for illegal purposes, the Bank is entitled to cancel the Savings Account and any Term Deposits connected therewith with immediate effect. The balance of the Savings Account and the amounts of the Term Deposits connected with this Savings Account, including accrued Savings Interest and Deposit Interest (calculated on the basis of Clause 8.6), shall be transferred by the Bank to a Counter Account of the Account Holders as chosen by the Bank.

5 5 7 Savings Interest 7.1 Amounts credited to the Savings Account will become interest bearing on the day of receipt of that amount on the Savings Account. The percentage of the Savings Interest is chosen by the Bank in its own discretion and can be changed unilaterally at any time by the Bank. The amount of Savings Interest will be calculated on the basis of 365 days per calendar year, in case of a leap year this is 366 days. 7.2 Savings Interest will be credited at the end of every quarter to the Savings Account, meaning at the end of the months of March, June, September and December. 8 Term Deposits 8.1 From time to time either via its website or directly to an Account Holder the Bank may make offers for the opening of a Term Deposit. The Bank is only obliged to open a Term Deposit if the Account Holder has accepted in writing or via digital communication means the offer of the Bank to open a Term Deposit without reservations. In that case the Bank shall as soon as possible open that Term Deposit and shall block the agreed Deposit Amount. Term Deposits are always connected to a Savings Account. 8.2 During the Deposit Term the Bank shall credit the agreed Deposit Interest to the Term Deposit calculated over the actual Deposit Amount. Deposit Interest is credited on the interest dates agreed in the relevant Term Deposit and in the currency in which the Term Deposit was opened. 8.3 If the Account Holder requests the Bank to cancel the Term Deposit against the last day of the Deposit Term, the Account Holder can freely dispose of the Deposit Amount and the accrued Deposit Interest at the end of the Deposit Term, except in case of extension or interruption of the Deposit Term. 8.4 In case before the end of the Deposit Term the Bank has not received a request from the Account Holder to release the Deposit Amount, then the Deposit Amount, including any accrued Deposit Interest, will be automatically blocked under a new Term Deposit with an equal Deposit Term against the Deposit Interest then offered by the Bank for this kind of Term Deposits. The new Term Deposit can be cancelled with immediate effect within 14 days from the commencement of the new Deposit Term. The Bank is not obliged to notify the Account Holder of the end of a Deposit Term. 8.5 Except in case of the situations described in Clause 8.7, none of the Account Holders is entitled to cancel a Term Deposit against a date other than the last day of the Deposit Term, nor is any of the Account Holders, except in case of the below situations, entitled to dispose of all or a part of the Deposit Amount and the accrued Deposit Interest before the end of the Deposit Term.

6 6 8.6 In case an Account Holder due to the occurrence of any of the events described in Clause 8.7, wants to dispose a part of or all of the Deposit Amount before the end of a Deposit Term, the Account Holder is over that prematurely claimed part of the Deposit Amount only entitled to receive Deposit Interest against a percentage as was offered by the Bank at the opening of that Term Deposit for a Deposit Term equal to the period between the date of opening of that prematurely terminated Term Deposit and the date on which the Account Holder requested for premature release of (a part of) the Deposit Amount. In case that period amounts to X years and less than or exactly 6 months, then this period for the recalculation of the Deposit Interest will be rounded of to X years. In case that period amounts to X years and more than 6 months, that period will be rounded off to the next number of whole years. 8.7 Only in case any of the below exception events occurs, is the Account Holder (or in case of a Joint Savings Account one of the Account Holders) or its heirs, after a written request to the Bank (and together with submission of the below documents of evidence) entitled to freely dispose of the Deposit Amount as soon as possible, over which amount the Bank shall credit the Deposit Interest calculated in accordance with Clause 8.6 up to the date of that written request: (i) purchase of a house for own use, to be evidenced by a copy of a signed irrevocable purchase contract; (ii) marriage, to be evidenced by a copy of the marriage deed; (iii) death, to be evidenced by a copy of the death certificate (also see below under Clause 9); (iv) work disability, to be evidenced by a doctor's statement; and (v) unemployment, to be evidenced by a statement from a social security organization. 9 Death of the Account Holder In case the Account Holder dies, the bank needs to be informed of this as soon as possible. Relating to the assets that the bank holds in the name of the deceased, the heirs and/ of beneficiaries will enter into the rights of the Account Holder upon presentation of the Declaration of Inheritance. Is the total balance of the savings account and related deposits of the deceased client more than EUR 5,000, then will the bank after presentation of an original Dutch notarial certificate of inheritance and a copy of the death certificate transfer the amount to the counter-account which is known by the bank. If the amount is less than EUR 5.000, then a copy of the death certificate and a copy of a Dutch notary certificate of inheritance are requested by the bank. The interest will be calculated in accordance with article 8.6 of these conditions. In case one of the Account Holders of a Joint Savings Account dies, the other Account Holder remains entitled to dispose of the Savings Account and any Term Deposits connected with that Savings Account. 10 Personal details and telephone conversations Personal details of the Account Holder disclosed to the Bank will be used by the Bank for the opening of the Savings Account and for any possible Term Deposits, and for managing the relation with the Account Holder, including the prevention, detection and stopping of fraud and money laundering. All telephone

7 7 conversations are recorded by the Bank. These recordings can be used for training purposes and are binding evidence of what was discussed between the Bank and the Account Holder. 11 Amendments to the Conditions The Bank is entitled to amend these Conditions and/or the General Banking Conditions at any time. The Bank shall inform the Account Holder of such amendments in writing or by digital means of communication. In case the Account Holder is of the opinion that these amendments have a serious negative impact on his or her position, then that Account Holder is entitled to terminate his or her Term Deposits within 30 days after receipt of the amended conditions, in which case the Bank shall pay the Deposit Interest accrued up to the date of cancellation of that Term Deposit. This right to terminate does not apply in case the amendments to the Conditions and/or to the General Banking Conditions were caused by changes to mandatory laws applicable to the Bank. 12 Deposit guarantee scheme The deposit guarantee scheme applies to the Bank. More information on this deposit guarantee scheme can be found on the website of De Nederlandsche Bank N.V. ( and on the website of the Bank ( 13 General Banking Conditions In addition to these Conditions the General Banking Conditions also apply to the relationship between the Bank and the Account Holders. The General Banking Conditions amongst others contain a set-off provision in favour the Bank, and the Bank is also entitled to invoke this set-off provision in relation to balances of Savings Accounts and Term Deposit. In case of conflicts between these Conditions and the General Banking Conditions, these Conditions shall prevail. 14 Translation This document is a translation of the Dutch original of these Conditions, named the "algemene voorwaarden voor spaarrekeningen en termijndeposito's". In the event of any discrepancy between this English translation and the original Dutch version, the latter shall prevail. **