* The Türk Telekom Shareholders’ Agreement and the Articles of Association further state that the Turkish Treasury owns a “golden share” (Class C share). The “golden share” is required under the Telephone Law and provides that, in order to protect Turkey’s national interests relating to national security and the economy, the Turkish Treasury’s approval is required for the following matters:

• Any proposed amendments to the Articles of Association;
• The transfer of any of the Company’s registered shares (i.e., the Class A shares) which would result in a change in management control;
• The registration of any transfer of the Company’s registered shares in the shareholder ledger.