The Board of Directors of the Bank has adopted a resolution to issue Garanti Bank Investment Institution Warrants  and in accordance with the authorization granted by Article 8 of the Bank's Articles of Association, I hereby submit for your approval to issue  15,000,000,000, Garanti Bank Investment Institution Warrants in the nominal value of  TRY 0,1  for each and 150,000,000 Turkish Lira (One hundred and fifty million Turkish Lira) in total and authorized  the Head Office to apply to Capital Markets Board of Turkey for the issuance of such Warrants, to determine terms and conditions of such issuance including but not limited to the applicable issue dates, warrant type, settlement type, underlying asset, issue price, exercise price, expiration date, conversion rate; to appoint Garanti Yatırım Menkul Kıymetler A.Ş. as market maker and accordingly to make and fulfill necessary applications and conduct any and all acts before Banking Regulation and Supervision Agency, Capital Markets Board, Borsa İstanbul A.Ş., Merkezi Kayıt Istanbul  and other relevant authorities, to publish and register the publication of the approved and updated prospectus texts on the website (www.kap.gov.tr) of Public Disclosure Platform and the website (www.garantibbva.com.tr) of T. Garanti Bankası A.Ş.

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