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Additional Explanations
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Considering that the current price level of İşbank Group C shares, which are traded in Borsa İstanbul, is far from reflecting the quality of our Bank's operating results, responsible standing in our business processes and the financial condition; in order to protect the interests of all shareholders, especially minority shareholders and to contribute to a healthy price formation; The Board of Directors has decided to buy back İşbank Group C shares up to 130,000,000 with a maximum amount of 550,000,000 TL, from Borsa İstanbul within the scope of 5th item of Article 5 of Capital Markets Board's Communique on Buybacked Shares, and the Head Office has been authorized to execute the buyback transactions within the determined limits.
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We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.