REGULATION ON TARIFF IMPLEMENTATION PRINCIPLES FOR MOTOR VEHICLES COMPULSORY THIRD PARTY LIABILITY INSURANCE

REGULATION ON TARIFF IMPLEMENTATION PRINCIPLES FOR MOTOR VEHICLES COMPULSORY THIRD PARTY LIABILITY INSURANCE Official Gazette of Publication: 14.07.2007-26852 Issued by: Undersecretariat of Treasury (Prime Ministry) PART ONE Objective, Scope, Basis and Definitions Objective and scope ARTICLE 1 (1) The objective of this Regulation is to regulate the principles and procedures for the determination of tariffs freely by insurance companies for motor vehicles compulsory third party liability insurance that are established by the Minister in charge of the Treasury Undersecretariat. (2) This Regulation covers provisions concerning the principles for the determination of insurance premiums by insurance companies, application of premium discounts and increases, minimum insurance coverage amounts and the liability insurance required for those carrying out professional activities related with motor vehicles, and those holding races, within the scope of the motor vehicle compulsory third party liability insurance. Basis ARTICLE 2 (1) This Regulation has been prepared pursuant to Article 12 of the Insurance Law No. 5684 and dated 3/6/2007, and the sub-section (e) of the first paragraph of Article 2 of the Law on Organization and Duties of the Treasury Undersecretariat and Foreign Trade Undersecretariat No. 4059 and dated 9/12/1994. Definitions ARTICLE 3 (1) The following expressions in this Regulation shall have the following respective meanings; a) Minister: Minister who is in charge of the Treasury Undersecretariat, b) Association: Association of the Insurance and Reinsurance Companies of Turkey, c) (Abolished: OG 6.2.2008-26779) ç) Operator: Operator defined in the Highway Traffic Law No. 2918 and dated 13/10/1983, d) Undersecretariat: Undersecretariat of Treasury, e) Insurance company: Insurance companies holding license in the motor vehicle liability insurance branch, f) Insurance coverage: Financial coverage and treatment expenses, injuries and death coverage provided within the scope of traffic insurance, g) Traffic insurance: Motor vehicle compulsory third party liability insurance which is mandatory to be procured as per the Highway Traffic Law No. 2918, ğ) TRAMER: Traffic Insurance Information Centre. PART TWO Motor Vehicle Operators Principles for determining insurance premiums ARTICLE 4 (Amended: OG 6.2.2008-26779) (1) (Amended: OG-19.06.2009-27263) Traffic insurance premiums are determined freely by insurance companies as per this Regulation. (2) (Amended: OG-19.06.2009-27263) Insurance companies are obliged to act in compliance with this Regulation provisions. Provided that they are subject to the provision of Article 15 of this Regulation, insurance companies may freely determine the basic insurance premium on city basis, based on the

type of vehicle set forth in the charts appended to the Regulation. Insurance companies may freely determine reasons for increase and/or discounts provided that they do not exceed the range of 10% discount and 20% increase based on the amounts specified. Insurance companies may not change the premiums they have determined before 6 months have elapsed. The Undersecretariat is authorized to increase, or entirely abolish, the upper limit for increase in premiums set forth in this paragraph. (3) It is essential that the insurance contracts concluded on behalf of an insurance company for the vehicles and/or operators with the same risks should be arranged on the same premium. Implementing discounts and increases ARTICLE 5 (Amended: OG 6.2.2008-26779) (1) Premium discount due to no claims or premium increase due to claims are implemented as per the level principle specified in this article. Step No Discount % Increase % 7 20-6 15-5 10-4 - - 3-20 2-40 1-60 (2) The level with no premium increase and discount is applicable for those who will be in the traffic for the first time as operators. (3) In case no damage payment is made to the operator throughout the duration of the insurance contract, the premium discount rate applicable for the subsequent insurance contract is determined based on the next level. For each damage payment within the insurance period, the premium increase applicable for the subsequent insurance contract is determined based on one lower level. (4) The practice of premium increase realized due to the premium discount or damage payment shall continue for the operator. (5) In case a vehicle operator has more than one motor vehicle, or in case more than one motor vehicle is operated under the title of an enterprise, or an establishment name, or with the ticket issued by such enterprise, a separate insurance contract shall made for each vehicle, and the premium level applicable shall be determined individually for each vehicle. Documents which are required to be presented and kept ARTICLE 6 (1) In order to determine the premium level, the insured is obliged to present: a) The notary sales statement or the invoice or other documents indicating the relevant transaction, the copy of the vehicle license of the previous owner of the vehicle, and the transportation certificate, if any, in the case of vehicles sold but not yet registered, b) The copy of the vehicle license and the transportation certificate if any, in the case of vehicles registered in the relevant name. (2) In case the most recent policy data of the insured cannot be checked by the insurer through the TRAMER database, the insured shall submit a sample of the most recent policy to the company which will offer the insurance. (3) The Insurance company shall determine the discount and increase rates to be applied on the insurance contract depending on the documents presented by the insured and the claim status certificate to be obtained from TRAMER. In case the document demonstrating the vehicle sale transaction or the copy of the vehicle license, and where necessary, a sample of the most recent policy for the purposes of determining the premium level, the premium increase shall be calculated by adding

10% to the premium rate at the highest level. (4) In case insurance companies apply no-claim discounts, or increase premiums due to payment of damages, they should write the date and number of the claim status certificate on the insurance contract, and they should keep the claim status certificates for at least three years, either as hard copies or in electronic medium. Insurance contracts not renewed in time ARTICLE 7 (Amended: OG 6.2.2008-26779) (1) Vehicle operators are obliged to renew insurance contracts as of the date of expiry. For each 30 days of failure of the vehicle operator to renew as of the date of the expiry of the insurance contract, the premium is calculated by adding 5% in the subsequent insurance contract, provided that it shall be limited with 50%. Calculation of discounts and increases ARTICLE 8 (Amended: OG 6.2.2008-26779) (1)Discount and increase rates shall not be implemented on the insurance premium by adding, but on a back-to-back basis. Acquiring vehicle operator status and discounts for compulsory third party liability insurance for road passenger transportation ARTICLE 9 (-With the title- Amended: OG 6.2.2008-26779) (1) Those who acquire vehicle operator status should conclude a traffic insurance as of the date they acquire such status. For each 30 days of failure to fulfill the liability of making insurance contracts as of such date, the premium is calculated by adding 5% in the subsequent insurance contract, provided that it shall be limited with 50%. (2) In case inter-city and international passenger carriers subject to the Highway Transportation Law No. 4925 certify that they have concluded Compulsory Third Party Liability Insurance for Road Passenger Transportation as per this Law for bodily injuries which the passengers may incur, a 20 per cent discount shall be applied. Losing vehicle operator status ARTICLE 10 (Abolished: OG 6.2.2008-26779) Change of operator and vehicle ARTICLE 11 (1) Insurance contract shall follow the vehicle operator that is the party to the contract. However, in case the operator changes during the contract period, the insurance contract shall be valid for the new operator as well for a period of ten days as of the date the operator has changed, without the need for any further action, and without having to pay premiums. (2) The operator shall inform the insurance company about the details of the new vehicle s/he owns. The no claim discount right that the operator is entitled to shall continue to cover the vehicles of the same type. In case the operator acquires a vehicle of a different vehicle type, the existing contract shall be terminated and a new insurance contract shall be issued. The provision of the second paragraph of article 5 shall be applicable for the new insurance contract to be issued for the operator who receives a premium discount on the existing contract. The premium level applicable for the insurance contracts to be issued for the operators the premiums of whose existing contracts are increased shall continue from where it was. (3) When a new insurance contract is made as per the second paragraph, the premium that the insurance company is entitled to until the date the operator changes, shall be calculated on a daily basis, and the excess shall be returned to the insured.

Vehicles taken abroad ARTICLE 12 (Abolished: OG 6.2.2008-26779) Short term insurance ARTICLE 13 (1) Insurance period is one year. However, if vehicles with temporary license plates, international goods and passengers carriers subject to the Highway Transportation Law No. 4925 and dated 10/7/2003 and vehicles with foreign license plates included in the scope of international multi-party or mutual agreements that do not have any insurance policies accepted with international multi-party or mutual agreements valid in Turkey, they may procure short term traffic insurance when entering the Turkish borders. Short term insurance shall not be applicable for any other vehicles. (2) The premium amount for short term insurance shall be determined on a daily basis, provided it is not less than 25% of the yearly premium calculated with the level four figures. (3) (Amended: OG 6.2.2008-26779) No claim discount shall not be applicable for short term insurance. However, premium increase may be applied for such contracts due to damage, and Compulsory Transportation Insurance discount may be offered. (4) (Amended: OG 6.2.2008-26779) In case the new insurance contract to be issued following the short term insurance contract is a yearly contract, no claim discount shall not be applicable. Facultative third party liability insurance ARTICLE 14 (1) It is possible to offer coverage above the minimum coverage amounts determined with this Regulation, or by the Minister, provided that additional premiums are charged within the scope of the motor vehicle facultative third party liability insurance. Tariffs determined by Insurance Companies ARTICLE 15 (-With the title- Amended: OG 6.2.2008-26779) (1) Insurance companies may determine tariffs provided that they remain in the discount and increase range allowed for them with Article 4 of this Regulation. It is essential that the data within TRAMER that is related with the sector in general also needs to be taken into account when the tariffs are being prepared, and they should be submitted to the Undersecretariat through TRAMER at least 15 days before the implementation starts. The report to be prepared by the authorized company actuary about the company tariffs shall be kept at the headquarters in such a way as to ensure that it is ready for the audit. The tariff related summarised justifications shall be submitted to the Undersecretariat by the companies. (2) TRAMER shall demonstrate the position of the tariffs sent to it in terms of the existing damage and premium data in the Traffic Insurance branch, and shall send them to the Undersecretariat in order to be taken into account when making assessments about the tariff. (3) It is obligatory to arrange the insurance policies through the TRAMER database. No traffic insurance policies may be issued by insurance companies before a TRAMER database is prepared according to the basic insurance premium data determined on a city basis, as per the vehicle type. In addition to compliance with the provisions of this Regulation, TRAMER also checks whether the discount and increase ranges allowed for companies within the scope of Article 4 are exceeded or not. (4) The Association may prepare a Traffic Insurance Guide Tariff as per the principles set forth by the Undersecretariat provided that it is not binding. The Guide Tariff shall be published on the website of the Association. Amendments ARTICLE 16 (Amended: OG 6.2.2008-26779) (1) The Undersecretariat may change the premium amounts determined by the insurance companies, within the scope of the increase and decrease limits pursuant to Article 4, taking into account the financial structures of insurance companies, in compliance with the principles of the prevention of unfair competition in the sector, and with the insurance principles, without being bound by the above period.

Traffic insurance tenders held by public institutions and establishments ARTICLE 17 (1) (Amended: OG 6.2.2008-26779) The insurance premium to be quoted for the traffic insurance tenders held by public institutions and establishments shall be freely determined by insurance companies. (2) Insurance companies that are awarded the traffic insurance tenders within the scope of this article shall send the tender details to TRAMER within 3 working days at the latest, as of the date of the tender. TRAMER shall notify the tender information to the Undersecretariat on a monthly basis. PART THREE Those Carrying Out Professional Activities in relation with Motor Vehicles Coverages ARTICLE 18 (1) Owners of enterprises carrying out professional activities related with motor vehicles shall be obliged to procure third party liability insurance for the liability they are subject to, due to the damages caused by a motor vehicle entrusted with them for monitoring, repair, maintenance, buying and selling, modification purposes, or for similar purposes. Determining premiums ARTICLE 19 (1) Premiums shall be freely determined by the insurance companies and collected as single payments. When determining premiums, along with other factors affecting the risk of the insured, for establishments which carry out monitoring services (parking lots-garages) and buying and selling transactions (automobile galleries), the vehicle park capacity of the work place, for establishments which carry out maintenance and repair services (repair facilities-service stations), the number of permanent employees shall be taken as the basis. (2) Insurance contract may be terminated in case the work place is transferred, activities cease or are terminated, or in similar cases. The premium that the insurance company is entitled to until the date of termination shall be calculated on a daily basis, and the excess shall be returned to the insured. PART FOUR Race Organizers Coverages ARTICLE 20 (1) Race organizers should conclude liability insurance with the minimum coverage set forth in this Regulation for motor vehicle operators depending on the types of vehicles, which are in the race or show, which accompany them, and which are used during the race or show, in order to cover the liabilities of the persons taking part in the race, and those assisting them, towards third parties during the course of the race. (2) The coverage for bicycles used in bicycle shows may not be below the coverage amounts determined for motorcycle or cargo motorcycle operators. Determining premiums ARTICLE 21 (1) Premiums are freely determined between the insurance companies and those holding races and shows, and collected as single payments.

Insurance period ARTICLE 22 (1) The period of the insurance contracts should cover the pre-race rehearsals and trainings, along with the races. PART FIVE Miscellaneous and Final Provisions Furnishing information ARTICLE 23 (1) It is mandatory to present in a legible manner the reasons, rates and amounts for the discounts and increases taken as the basis when issuing insurance policies. Application of new coverage amounts to the contracts that are in effect ARTICLE 24 (1) The coverage amounts specified with this Regulation are applicable for all insurance contracts in effect without charging any additional premium. (2) Insurance companies shall be obliged to write the following expression on the front side of the policies they issue: "In case the coverage amounts are increased by the Minister in charge of the Undersecretariat of Treasury, during the contract period, the coverage amounts specified in this contract shall be applicable based on the new coverage amounts without the need for any further procedure, and without charging any additional premiums. Policy records and information to be sent to TRAMER ARTICLE 25 (1) Insurance companies shall be obliged to generate the traffic insurance policies on-line. (2) Insurance companies shall be obliged to send to TRAMER the policies and damage data related with traffic insurance with a delay of at most one day. Compulsory traffic insurance stamp ARTICLE 26 (1) Insurance companies shall be obliged to give the insured parties the Compulsory Traffic Insurance Stamps printed by the Association of the Insurance and Reinsurance Companies of Turkey, bearing the serial number as well as name of the insurance company, and insurance period, along with the insurance contracts, to be placed on the windshield of the insured vehicle. Clearing room ARTICLE 27 (1) sons who have suffered from damages in a traffic accident involving more than one vehicle may apply to any insurer of the vehicles, or to the assurance account in cases stipulated in Article 14 of the Insurance Law No. 5684, for their damages to be covered. The insurer that pays the expenses or the assurance account may ask the amount it has paid, to be shared in proportion with the respective responsibility rates. (2) The demands for recourse to be made within the scope of this article shall be reimbursed through the clearing room specified in section (i) of the second paragraph of Article 5 of the Regulation on Traffic Insurance Information Centre published in the Official Gazette No. 26490 and dated 11/4/2007. Confidentiality ARTICLE 28 (1) The issues determined by the insurance companies within the scope of Article 4 may not be given to the TRAMER Board members in any manner whatsoever.

(2) TRAMER Board members and TRAMER personnel may not use, or share with anyone else, the information conveyed to TRAMER throughout, and upon the termination of their relevant duties. TRAMER obtains a confidentiality statement, to be approved by the Undersecretariat, from the persons who are included in the scope of this article but who do not hold public offices. Sanctions ARTICLE 29 (1) Administrative fines shall be applicable for the insurance companies and their intermediaries who violate this Regulation or the principles, as required by sub-section (j) of the second paragraph of Article 34 of the Insurance Law No. 5684. Tariffs for 2007 and 2008 PROVISIONAL ARTICLE 1 (1) Among the tariffs specified in the first paragraph of Article 12 of the Insurance Law No. 5684, those included within the scope of this Regulation are indicated in the annex to this Regulation. Principles to be applicable in 2007 and 2008 PROVISIONAL ARTICLE 2 (1) Within the scope of the first paragraph of Article 15, and provided that it is for 2007 only, the principles prepared by the Association shall be sent to the Undersecretariat to be approved by 15/7/2007. The principles approved by the Undersecretariat shall enter into force on 1/8/2007. The 6- month period specified in Article 16 shall not be applicable for the principles to become applicable on 1/1/2008. The proposal for the principles to become effective on such date shall be submitted for the opinion of the Undersecretariat at the latest by 30/11/2007. Inspections to be carried out by TRAMER in 2007 PROVISIONAL ARTICLE 3 (Amended: OG 6.2.2008-26779) (1) For the inspections to be carried out by TRAMER within the scope of the third paragraph of Article 15 by 1/7/2008, compliance with the principles shall be taken into account. PROVISIONAL ARTICLE 4 (Addition: OG 6.2.2008-26779) (1) Among those who lose their vehicle operator status before 1/7/2008, and the operators who take their vehicles abroad for professional activities or for work related purposes, for those who meet the conditions set forth in Articles 10 and 12, these articles shall be applicable upon request. Entry into Force ARTICLE 30 (1) This Regulation shall enter into force as indicated below: a) The first paragraph of Article 4 on 1/8/2007, b) Other provisions on the date of publication. Enforcement ARTICLE 31 (1) The provisions of this Regulation shall be executed by the Minister in charge of the Undersecretariat of Treasury.

EK_KMAZMSS Tariff Implementation Principles ** ** The relevant annex has been amended, to become effective on 01.01.2012, pursuant to the Regulation Amending Regulation on Tariff Implementation Principles for Motor Vehicles Compulsory Third Party Liability Insurance published in the Official Gazette of 15.09.2011, no. 28055. Please click for the Regulation. EK_KMAZMSS Tariff Implementation Principles ** REGULATION ON TARIFF IMPLEMENTATION PRINCIPLES FOR MOTOR VEHICLES COMPULSORY THIRD PARTY LIABILITY INSURANCE ANNEX Chart 1 The minimum insurance coverage applicable for motor vehicle operators as of 1/3/2010 Coverage (TRY) A-Financial *5 B-Treatment Expenses C-Injury and Death Vehicle Vehicle Group Group Code Vehicle son son 1 Automobile 17.500 35.000 175.000 875.000 175.000 875.000 2 Taxi 17.500 35.000 175.000 875.000 175.000 875.000 3 Van (9-15 seats including the driver) 17.500 35.000 175.000 1.750.000 175.000 1.750.000 4 Bus (16-30 seats including the driver) 17.500 35.000 175.000 2.800.000 175.000 2.800.000 5 Bus (31 seats and above including the driver) 17.500 35.000 175.000 5.425.000 175.000 5.425.000 6 Pick-up Truck 17.500 35.000 175.000 1.750.000 175.000 1.750.000 7 Truck 17.500 35.000 175.000 1.750.000 175.000 1.750.000 8 Work Machinery *1 17.500 35.000 175.000 1.750.000 175.000 1.750.000 9 Farm Tractor 17.500 35.000 175.000 875.000 175.000 875.000 10 Trailer *2 17.500 35.000 175.000 1.750.000 175.000 1.750.000 11 Motorcycle and Cargo Motorcycle 17.500 35.000 175.000 525.000 175.000 525.000 12 Tanker Truck 17.500 35.000 175.000 1.750.000 175.000 1.750.000 13 Tractor Trailer 17.500 35.000 175.000 1.750.000 175.000 1.750.000 14 Special Purpose Vehicle *3 17.500 35.000 175.000 875.000 175.000 875.000 16 Dolmuş (5-8 seats including the driver) 17.500 35.000 175.000 875.000 175.000 875.000 17 Van Dolmuş (9-15 seats including the driver) 17.500 35.000 175.000 1.750.000 175.000 1.750.000 18 Bus Dolmuş (16-30 seats including the driver) 17.500 35.000 175.000 2.800.000 175.000 2.800.000 19 Bus Dolmuş (31 seats and above including the driver) 17.500 35.000 175.000 5.425.000 175.000 5.425.000 20 Other Vehicles *4 17.500 35.000 175.000 875.000 175.000 875.000 1 Agricultural motor vehicles other than farm tractors are included in this scope.

2 Trailers used for human transportation. Trailers not used for human transportation are included in the insurance of the motor vehicles towing them. 3 Motor vehicles manufactured for special purposes, for human transport or for carrying goods, and motor vehicles such as fire trucks, ambulances (SA), live broadcast and recording (radio, cinema, television), library, recreational vehicles (SA), armored vehicles (SB), research cats, funeral coaches (SD) and motor vehicles used for special purposes such as towing, transporting or removing broken or damaged vehicles. 4 Vehicles not included in the above definitions. 5 The amount of coverage for tangible assets other than the vehicle equals to the coverage amount per accident. Chart 2 The minimum insurance coverage applicable for motor vehicle operators as of 1/1/2011 Coverage (TRY) A-Financial *5 B-Treatment Expenses C-Injury and Death Vehicle Vehicle Group Group Code Vehicle son son 1 Automobile 20.000 40.000 200.000 1.000.000 200.000 1.000.000 2 Taxi 20.000 40.000 200.000 1.000.000 200.000 1.000.000 3 Van (9-15 seats including the driver) 20.000 40.000 200.000 2.000.000 200.000 2.000.000 4 Bus (16-30 seats including the driver) 20.000 40.000 200.000 3.200.000 200.000 3.200.000 5 Bus (31 seats and above including the driver) 20.000 40.000 200.000 6.200.000 200.000 6.200.000 6 Pick-up Truck 20.000 40.000 200.000 2.000.000 200.000 2.000.000 7 Truck 20.000 40.000 200.000 2.000.000 200.000 2.000.000 8 Work Machinery *1 20.000 40.000 200.000 2.000.000 200.000 2.000.000 9 Farm Tractor 20.000 40.000 200.000 1.000.000 200.000 1.000.000 10 Trailer *2 20.000 40.000 200.000 2.000.000 200.000 2.000.000 11 Motorcycle and Cargo Motorcycle 20.000 40.000 200.000 600.000 200.000 600.000 12 Tanker Truck 20.000 40.000 200.000 2.000.000 200.000 2.000.000 13 Tractor Trailer 20.000 40.000 200.000 2.000.000 200.000 2.000.000 14 Special Purpose Vehicle *3 20.000 40.000 200.000 1.000.000 200.000 1.000.000 16 Dolmuş (5-8 seats including the driver) 20.000 40.000 200.000 1.000.000 200.000 1.000.000 17 Van Dolmuş (9-15 seats including the driver) 20.000 40.000 200.000 2.000.000 200.000 2.000.000 18 Bus Dolmuş (16-30 seats including the driver) 20.000 40.000 200.000 3.200.000 200.000 3.200.000 19 Bus Dolmuş (31 seats and above including the driver) 20.000 40.000 200.000 6.200.000 200.000 6.200.000 20 Other Vehicles *4 20.000 40.000 200.000 1.000.000 200.000 1.000.000 1 Agricultural motor vehicles other than farm tractors are included in this scope. 2 Trailers used for human transportation. Trailers not used for human transportation are included in the insurance of the motor vehicles towing them. 3 Motor vehicles manufactured for special purposes, for human transport or for carrying goods, and motor vehicles such as fire trucks, ambulances (SA), live broadcast and recording (radio, cinema, television), library, recreational vehicles (SA), armored vehicles (SB), research cats, funeral coaches (SD) and motor vehicles used for special purposes such as towing, transporting or removing broken or damaged vehicles. 4 Vehicles not included in the above definitions. 5 The amount of coverage for tangible assets other than the vehicle equals to the coverage amount per accident.

Chart 3 Minimum insurance coverage applicable as of 1/3/2010 for those carrying out professional activities in relation with motor vehicles Coverage (TRY) A- Financial B-Treatment Expenses C- Injury and death Enterprise Owners Vehicle son son 1-Those in charge of monitoring (parking lots-garages) 17.500 35.000 175.000 875.000 175.000 875.000 2- Those in charge of repair and maintenance services (repair facilitiesservice stations) 17.500 35.000 175.000 875.000 175.000 875.000 3- Those dealing in buying and selling transactions (galleries) 17.500 35.000 175.000 875.000 175.000 875.000 Chart 4 Minimum insurance coverage applicable as of 1/1/2011 for those carrying out professional activities in relation with motor vehicles Coverage (TRY) Enterprise Owners A- Financial B-Treatment Expenses C- Injury and death Vehicle son son 1-Those in charge of monitoring (parking lots-garages) 20.000 40.000 200.000 1.000.000 200.000 1.000.000 2- Those in charge of repair and maintenance services (repair facilitiesservice stations) 20.000 40.000 200.000 1.000.000 200.000 1.000.000 3- Those dealing in buying and selling transactions (galleries) 20.000 40.000 200.000 1.000.000 200.000 1.000.000 ARTICLE 2 The below sentence has been added to the first paragraph of Article 25 of the same Regulation. It is mandatory to print in 12 font size the Insurance Information Centre Number and the Information Processing Reference Number generated by the Insurance Information Centre for each policy, which appears on the traffic insurance policies. ARTICLE 3 The below provisional article has been added to the same Regulation. PROVISIONAL ARTICLE 5 The existing discount rights of the insured parties whose policies shall be renewed according to the new vehicle types added and defined through the amendment made in the charts appended to this Regulation, effective as of 1/1/2010 shall be reserved. ARTICLE 4 This Regulation shall become effective on 1/1/2010. ARTICLE 5 The provisions of this Regulation shall be enforced by the Minister that the Treasury Undersecretariat operates under. Date The Official Gazette in which the Regulation is Published No.

14/7/2007 26582 The Official Gazette in which the Regulations Amending the Regulation are Published Date No. 1-6/2/2008 26779 2-19/6/2009 27263 REGULATIONS From The premium Ministry (Treasury Undersecretariat): REGULATION AMENDING REGULATION ON TARIFF IMPLEMENTATION PRINCIPLES FOR MOTOR VEHICLES COMPULSORY THIRD PARTY LIABILITY INSURANCE ARTICLE 1 The annex to the Regulation on Tariff Implementation Principles for Motor Vehicles Compulsory Third Party Liability Insurance published in the Official Gazette of 14/7/2007, no. 26582 has been amended as follows. ANNEX Chart 1 Minimum insurance coverage applicable for motor vehicle operators as of 1/1/2012 Vehicle Group Code Vehicle Group Coverage(TRY) A-Financial *5 B-Health Expenses C-Injury and Death Vehicle son son 1 Automobile 22.500 45.000 225.000 1.125.000 225.000 1.125.000 2 Taxi 22.500 45.000 225.000 1.125.000 225.000 1.125.000 3 Van (9-15 seats including the driver) Bus (16-30 seats including the driver) 22.500 45.000 225.000 2.250.000 225.000 2.250.000 4 Bus (31 seats and above including the driver) Van (9-15 seats including the driver) 22.500 45.000 225.000 3.600.000 225.000 3.600.000 5 Bus (16-30 seats including the driver) Bus (31 seats and above including the driver) 22.500 45.000 225.000 6.975.000 225.000 6.975.000 6 Pick-up Truck 22.500 45.000 225.000 2.250.000 225.000 2.250.000 7 Truck 22.500 45.000 225.000 2.250.000 225.000 2.250.000 8 Work Machinery *1 22.500 45.000 225.000 2.250.000 225.000 2.250.000 9 Farm Tractor 22.500 45.000 225.000 1.125.000 225.000 1.125.000 10 Trailer *2 22.500 45.000 225.000 2.250.000 225.000 2.250.000 Motorcycle and Cargo 11 Motorcycle 22.500 45.000 225.000 675.000 225.000 675.000 12 Tanker Truck 22.500 45.000 225.000 2.250.000 225.000 2.250.000 13 Tractor Trailer 22.500 45.000 225.000 2.250.000 225.000 2.250.000 14 Special Purpose Vehicle *3 22.500 45.000 225.000 1.125.000 225.000 1.125.000 16 Dolmuş (5-8 seats including the driver) Van Dolmuş (9-15 seats including the driver) 22.500 45.000 225.000 1.125.000 225.000 1.125.000 17 Bus Dolmuş (16-30 seats including the driver) 22.500 45.000 225.000 2.250.000 225.000 2.250.000

18 19 Bus Dolmuş (31 seats and above including the driver) 22.500 45.000 225.000 3.600.000 225.000 3.600.000 Dolmuş (5-8 seats including the driver) 22.500 45.000 225.000 6.975.000 225.000 6.975.000 20 Other Vehicles *4 22.500 45.000 225.000 1.125.000 225.000 1.125.000 1 Agricultural motor vehicles other than farm tractors are included in this scope. 2 Trailers used for human transportation. Trailers not used for human transportation are included in the insurance of the motor vehicles towing them. 3 Motor vehicles manufactured for special purposes, for human transport or for carrying goods, and motor vehicles such as fire trucks, ambulances (SA), live broadcast and recording (radio, cinema, television), library, recreational vehicles (SA), armored vehicles (SB), research cats, funeral coaches (SD) and motor vehicles used for special purposes such as towing, transporting or removing broken or damaged vehicles. 4 Vehicles not included in the above definitions. 5 The amount of coverage for tangible assets other than the vehicle equals to the coverage amount per accident. Chart 2 Minimum insurance coverage applicable as of 1/1/2012 for those carrying out professional activities in relation with motor vehicles Coverage (TRY) Enterprise Owners A- Financial B-Health Expenses C- Injury and death Vehicle son son 1-Those in charge of monitoring (parking lots-garages) 22.500 45.000 225.000 1.125.000 225.000 1.125.000 2- Those in charge of repair and maintenance services (repair facilities-service stations) 22.500 45.000 225.000 1.125.000 225.000 1.125.000 3- Those dealing in buying and selling transactions (galleries) 22.500 45.000 225.000 1.125.000 225.000 1.125.000 ARTICLE 2 This Regulation shall become effective on 1/1/2012. ARTICLE 3 The provisions of this Regulation shall be enforced by the Minister in charge of the Treasury Undersecretariat. The Official Gazette in which the Regulation is Published Date No. 14/7/2007 26582 The Official Gazette in which the Regulations Amending the Regulation are Published Date No. 1-6/2/2008 26779 2-19/6/2009 27263 3-9/12/2009 27427