Convenience translation into english

III. INFORMATION AND DISCLOSURES ON INTERIM FINANCIAL STATEMENTS

a. The consistent accounting policies and methods with the policies applied in the preparation of the year-end financial statements are applied in the preparation of the interim financial statements, without being changed. These accounting policies are explained in Section three in detail.

b. There are no transactions of a seasonal or periodical nature in the interim period.
c. There are no fundamental errors or significant temporary transactions affecting the financial statements.
d. There are no accounts affecting the shareholders’ equity, net income and cash flows which originated from extraordinary transactions.
e. There are no changes in the estimated amounts related to the current period on the basis of the materiality principle.
f. There are no repayments within the period related to securities issued .
g. Explanation related with dividends paid:
The ordinary General Assembly meeting of the Bank was held on 29 March 2004. In the ordinary General Assembly meeting, it was decided that of the TL1,324,524 net income obtained from 2003 operations; TL420,156 would be distributed in cash to the Bank shareholders, founder’s share and usufruct shares, and TL300,000 of the profit would be added to the paid-in capital by issuing bonus shares to the shareholders; and the remaining TL604,368 would be set aside as Legal and Extraordinary reserves (the amounts were stated in the purchasing power of TL at 31 December 2003).
The required applications related to the capital increase were made as of the preparation date of these financial statements. Cash dividend payments have been substantially completed and; the Bank started required procedures for share capital increase through issuing bonus shares as of date of these financial statements .
h. There are no important subsequent events whose effects should be reflected in the interim financial statements.
i. There are no transactions affecting the structure of the Bank, like purchase or sale of subsidiaries, long-term investments restructuring or discontinuing of operations.
j. There have been no changes in contingent liabilities following the preparation date of the financial statements.