Section 2-Public Disclosures and Transparency

The Disclosure Policy Framework Document, regarding public announcements in accordance with the domestic and international capital markets regulations to which Turkcell is subject was prepared and presented to shareholders at the Ordinary General Assembly held in 2005. Following the General Assembly, the Disclosure Policy Framework Document was published in the Investor Relations section of the Company's website, www.turkcell.com.tr, under Corporate Governance heading. Turkcell's Disclosure Policy was revised in 2009 and published on the website.

Turkcell makes public disclosures in compliance with the CMB , ISE , SE C and NYSE regulations to which it is subject. The purpose of Turkcell's Disclosure Policy is to ensure an active and transparent communication which is complete, fair, correct, timely, clear, and cost effectively and equally accessible for all stakeholders including shareholders, investors, employees and customers in accordance with the regulations to which the Company is subject. Turkcell follows-up news and rumors about the Company and in accordance with the Company's Procedure on Follow-up of News and Rumors public disclosures may be made if deemed appropriate or necessary. The responsibility to maintain and monitor this Disclosure Policy is incumbent on the Company's Investor and International Media Relations Division.

In 2010, Turkcell made a total of 45 public disclosures to the domestic and foreign capital markets to which it is subject. Since Turkcell shares are quoted on the New York Stock Exchange, these disclosures were made both in English and Turkish. Public Disclosures are available on the Turkcell website (www.turkcell.com.tr) in the Investor Relations section.

Information provided by our Disclosure Team and/or Disclosure Committee is evaluated under the coordination of the Investor and International Media Relations Division and with the compliance advice of the Capital Markets and Corporate Governance Compliance Unit in accordance with the local and the international capital market regulations to which our Company is subject. In cases in which public disclosure is required, such disclosure is to be made by the Investor and International Media Relations Division.

Furthermore, in 2009, Turkcell created a mechanism for the postponement of the public disclosure of inside information, within the framework of Article 15 of the Capital Markets Board Communiqué on Disclosure (Series: VIII, No. 54), which regulates the postponement of public disclosure of inside information.

Turkcell's website is www.turkcell.com.tr. Information for shareholders is provided under the following headings in the Investment Relations section:

The shareholder structure of our Company is as follows:

Turkcell's Disclosure Policy contains guidelines concerning the Blackout Period Practice relating to insider trading issues. In accordance with these guidelines, employees are prohibited from selling or purchasing Turkcell securities during the blackout period. Turkcell employees with access to inside information that can affect the price of capital market instruments are restricted from selling or purchasing Turkcell securities regardless of blackout periods.

Pursuant to CMB regulations, a list of those having access to inside information is maintained, rules and regulations pertaining inside information were provided to management and employees, and regular reminders were made through e-mail and mobile training programs. Furthermore, this information is provided to every new Turkcell employee through the Orientation Program. Employees are required to sign an affirmation stating that these regulations are an indispensible part of their employment contracts.