Alernatifbank purchased 99.9% stake in ALease

NEWS RELEASE

The Commercial Bank of Qatar

Acquisition of Alternatif Finansal Kiralam A.S. (ALease) by Alternatifbank (ABank)

Thursday 21 November, 2013, Doha, Qatar: Commercial Bank of Qatar announces that its subsidiary in Turkey, Alernatifbank (ABank) has purchased a 99.9% stake in ALease. This transaction consists of a purchase of 2,727,259,500 shares from Anadolu Endustri Holding A.S and 115,488,748 shares from minority shareholders for a total cost of TL 120.5m (equivalent of QR 215.2m). For information the balance sheet size of ALease at 30 September 2013 was TL576.2m (equivalent of QR 1bn)."

- END -