REGISTERED WITH THE SERMAYE PIYASASI KURULU (CAPITAL MARKETS BOARD) UNDER THE CAPITAL MARKETS LAW NO. 2499, AS AMENDED, AND RELATED COMMUNIQUES OF THE REPUBLIC OF TURKEY. THE SECURITIES MAY NOT BE OFFERED OR DISTRIBUTED IN A MANNER TI EAT WOULD CONSTITUTE. A PUBLIC OR PRIVATE OFFERING IN TURKEY, AND NEITHER THIS OFF

REGISTERED WITH THE SERMAYE PIYASASI KURULU (CAPITAL MARKETS BOARD) UNDER THE CAPITAL MARKETS LAW NO. 2499, AS AMENDED, AND RELATED COMMUNIQUES OF THE REPUBLIC OF TURKEY. THE SECURITIES MAY NOT BE OFFERED OR DISTRIBUTED IN A MANNER TIIAT WOULD CONSTITUTE. A PUBLIC OR PRIVATE OFFERING IN TURKEY, AND NEITHER THIS OFFE

GN SECURITIES BY PRIVATE PLACEMENT. THIS MEMORANDUM IS INTENDED SOLELY FOR QUALIFIED INVESTORS DEFINED UNDER TURKISH CAPITAL MARKET LEGISLATION OF THE REPUBLIC OF TURKEY PERMITTED TO ACQUIRE SECURITIES BY PRIVATE PLACEMENT UNDER TURKISH CAPITAL MARKETS LAW, AND THIS MEMORANDUM MAY NOT BE CONSIDERED EITHER AS A CIRCU