Ziraat Participation 2017 Annual Report

Changes in the Articles of Association in 2017

Pursuant to a resolution passed at the annual general assembly of Ziraat Participation Bank held on 13 July 2017, the Bank’s paid-in capital was increased to TL 1,250,000,000 by means of a cash injection in the amount of TL 500,000,000 which was provided by the Treasury Undersecretariat and TL 3,000,000 provided from internal sources. This increase was registered on 20 July 2017 and the section of the bank’s articles of association concerning this action was revised as indicated below.

DRAFT AMENDMENT SHOWING THE OLD AND NEW FORMS OF THE SECTIONS OF ZİRAAT KATILIM BANKASI A.Ş.’S ARTICLES OF ASSOCIATION THAT ARE TO BE CHANGED
OLD VERSION		NEW VERSION
Article 6		Article 6
The nominal value of the Company’s capital is TL 747,000,000.00. This capital is divided into 747,000,000 shares, each of which has a par value of one Turkish lira. The entire TL 675,000,000.00 of the previous capital was paid in cash in a manner free from collusion and unlawful conduct. The entire TL 72 million cash increase was subscribed to by T.C. Ziraat Bankası A.Ş. and was paid before the date of its registration. The bank’s ownership structure is as follows: Share transfers and establishments of rights thereon shall take place after they have been authorized by the bank’s general assembly of shareholders. Such assignments shall be effected in accordance with the provisions of the Turkish Commercial Code and of other applicable laws, regulations, and administrative provisions. Shares are registered in the name of their bearers.		The nominal value of the Company’s capital is TL 1,250,000,000.00. This capital is divided into 1,250,000,000 shares, each of which has a par value of one Turkish lira. The entire TL 747,000,000.00 of the previous capital was paid in cash in a manner free from collusion and unlawful conduct. TL 500,000,000 cash increase was subscribed to by T.C. Ziraat Bankası A.Ş. and was paid before the date of its registration. TL 3,000,000 of the increase was provided from internal sources. The bank’s ownership structure is as follows: Share transfers and establishments of rights thereon shall take place after they have been authorized by the bank’s general assembly of shareholders. Such assignments shall be effected in accordance with the provisions of the Turkish Commercial Code, Banking Law and of other applicable laws, regulations, and administrative provisions. Shares are registered in the name of their bearers.