Regarding Moody's Press Release

Regarding Moody's Press Release

On July 19, 2016, Moody's Investors Service ("Moody's") has placed under review for downgrade the ratings of 17 Turkish banks, including the bank, following the related placement of the Turkish sovereign rating under review for downgrade on July 18, 2016.

Please see Moody's rating action dated July 18, 2016 regarding placement of the sovereign rating on review for downgrade at https://www.moodys.com/research/--PR_352273

Please see Moody's rating action dated July 19, 2016 regarding placement of the ratings of 17 Turkish banks, including the bank, under review for downgrade at https://www.moodys.com/research/Moodys-Reviews-for-Downgrade-the-Ratings-of-17-Turkish-Banks--PR_352342.