Reference: Public disclosure dated  14.04.2022. 

In reference to our public disclosure, it had been announced that our request on the revision of the decision was accepted by the Council of State against the decision of the Competition Board regarding the administrative fine imposed on Akbank, and the file was sent to the court of first instance to be re-decided. The court of first instance has decided to persist its decision,and our Bank appealed the persistence judgment of the court of first instance before the Plenary Session of the Administrative Law Chamber of the Council of State, and the Plenary Session of the Administrative Law Chamber of the Council of State accepted our Bank's appeal . The application for correction of the decision made by the Competition Authority to the the Plenary Session of the Administrative Law Chamber of the Council of State was rejected. 

In the decision of the Ankara 2nd Administrative Court, subject to appeal,  it was decided that the annulment action filed by our Bank against the decision of the Competition Board about the administrative fine imposed on Akbank, was accepted. The legal process is ongoing and the necessary process for the refund of the relevant fine has been  initiated by our Bank.

In case of contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.