BORSA ISTANBUL INITIAL PUBLIC OFFERING IN 2015

The Borsa Istanbul is the sole exchange entity of Turkey combining the former Istanbul Stock Exchange, the Istanbul Gold Exchange and the Derivatives Exchange of Turkey under one  umbrella.

The initial public offering (IPO) of shares in the stock exchange Borsa Istanbul by December 31, 2015 has been announced with a Decree. According to the Decree, type B share certificates of Borsa Istanbul, which are owned by the Undersecreteriat of Treasury, will be offered to the public. The offering consists up to 42.75 percent of the bourse's shares. The Treasury is authorized to determine an extension of the IPO through 2016 about the percentage that is planned to go public. Borsa Istanbul (former Istanbul Stock Exchange) will determine the timing and details of the IPO.

Although Borsa Istanbul will determine the details and the timing of the IPO in both local and international capital markets, the price of shares will be asked from the Council of Ministers and money will be kept in separate accounts at Ziraat Bank. After 3 months of offsetting of the consultancy fees, listing fees and fees of the Capital Markets Board, the money kept in the account will be transferred to the Undersecreteriat of Treasury.

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