Disclosures

03.11.2008

Şekerbank sold 34% of its shares in Çalık Şeker Investment Consortium A.Ş. with nominal value of 17.098.600,00 YTL under the put option agreement to Çalık Holding A.Ş for USD 20.289.483 which will be paid in cash within the month of November. The Book value of the Bank’s share is YTL 17.096.937,65. The difference between the book value and sales price will be calculated and booked when the funds will be received. Further announcement will be made upon receiving the sales amount.

18.08.2008*

Trabzon Branch will continue its operations at the address " Kunduracilar Caddesi, No: 74 TRABZON " as of August 18, 2008.

05.08.2008

Sekerbank ensured the amount of 170 million USD syndication loan with 1 year tenor from international markets for revising the 1 year timed tranche of 250 million USD dual tranched syndication loan which provided last year to contribute foreign trade business of the Bank. The agreement will be signed today in Istanbul.

Commerzbank Aktiengesellschaft, Emirates NBD PJSC, Raiffeisen Zentralbank Österreich Aktiengesellschaft ve Wachovia Bank, N.A. were among the arrangers of 21 Banks that provided dual (EUR and USD) currency syndication.

1 year tranche syndication loan will be provided with Libor + 0.80% p.a.

05.08.2008

We had implied that Sekerbank had targets regarding opening branch on abroad in its medium and long term plans. In this context; we are still working on feasibility plans in order to open Branch in Macedonia and Kosovo.

28.07.2008

Beyoglu Branch will continue its operations at the address "Sehit Muhtar Bey Caddesi, No:37-A Beyoglu / ISTANBUL"

24.07.2008

The main shareholder of Sekerbank T.A.S., TuranAlem Securities JSC’s name has been changed to “BTA Securities JSC”

11.07.2008

The 13th term of the labor agreement negotiations between Sekerbank T.A.S. and The Bank-Insurance Worker Union for the period 01.05.2008–30.04.2010, has been finalized with reconcilement for signing.

Increase in compensation is assessed as below:

For the first year 01.05.2008 – 30.04.2009;
%11+30 YTL,
Fort the second year 01.05.2009 – 30.04.2010;
Inflation + %1

24.06.2008

Sekerbank signed a loan agreement with KfW Entwicklungbank on June 23, 2008 for 15 million Euro with a tenor of 10 years in order to support small and medium enterprises. The loan is provided as a subordinate loan. One-third of it has been allocated from German Government Funds.

16.06.2008

Sekerbank delegated arranger Banks; Commerzbank Aktiengesellschaft, Emirates Bank International, Raiffeisen Zentralbank Österreich Aktiengesellschaft and Wachovia Bank to ensure an initial amount of 100 million USD syndication loan for revising the 1 year timed tranche of the syndication loan provided last year to contribute foreign trade financing. Syndication loan will be USD or EURO for 1 year Libor (or EURIBOR) + 0.80%

02.06.2008

Sekerbank T.A.S. has signed an agreement with Wachovia Bank N.A. for USD 10 million non repayable for 2,5 years with a tenor of 5 years in order to finance SME and Small Enterprises under the guarantee of Overseas Private Investment Corporation-OPIC)

27.05.2008

Sekerbank T.A.S. has been chosen among four Banks in order to mediate to the Small Enterprises Loan Programme-SELP II conducted by KfW, targets to provide medium term credit facility to small enterprises in order to increase economic development and employment and to level regional differences.

15.05.2008

The 13th term of the labor agreement negotiations between Sekerbank T.A.S. and The Bank-Insurance Worker Union has been started.

01.05.2008

Þekerbank T.A.Þ. Ordinary General Assembly held on 29.04.2008, please click to see the minutes of meeting.

29.04.2008

The net profit of our Bank that amounts to TRY 101.246.042,88 after deduction of the previous year’s loss and constitutes the basis for the distribution of profit arising from the financial statements of our Bank for the year 2007 within the framework of the Articles of Association of our Bank and the provisions of the Turkish Commercial Code was resolved to distribute in Ordinary General Assembly Of Þekerbank T.A.S. held on 29/04/2008 as follows: TRY 5.062.302,14 YTL corresponding to 5% for Legal Reserves,
Calculation of the first dividend for the shareholders that amounts to TRY 20.000.000,00 corresponding to 5% of the paid-up capital over the balance TRY 96.183.740,74, allocating TRY 1.523.674,81 corresponding to 2% of the balance TRY 76.183.740,74 to the Board Members as dividends,

Setting up TRY 152.367,48 corresponding to one tenth of the amount remaining from the profit distributed, as the Secondary Legal Reserves in accordance with sub-paragraph three, paragraph two of Article 446 of the Turkish Commercial Code,

Transfer of the balance TRY 74.507.698,44 and the deferred tax income that amounts to TRY 18.892.910,45 to the Extraordinary Reserves account as TRY 93.400.608,89 in total, and That the time and method of distribution to be decided by the Board of Directors.

29.04.2008

At Şekerbank’s Ordinary General Meeting held on 29 April 2008, It is decided to pay shareholders a total net amount of NTL 20.000.000 as dividend which is an equivalent of gross TRY 0.05, and net TRY 0,0425 with a nominal value of NTL 1

22.04.2008

Karadeniz Ereğli, Hopa, Pınarbaşı, Biga, Akçaabat branches of Şekerbank got into swing with 304, 302, 307, 309, 303 branch codes at the addresses respectively “Müftü Mahallesi, Erdemir Caddesi, No:64 Ereğli / ZONGULDAK”, “Merkez Kuledibi Mah. Turgay Ciner Cad. No:32 08600 Hopa / ARTVİN” “Çanakkale Caddesi, 105.Sokak, No:1 Pınarbaşı Bornova / İZMİR”, “İstiklal Mahallesi, İstiklal Caddesi, No:69 Biga / ÇANAKKALE”, “Dürbinar Mahallesi, Hükümet Caddesi, Tosun İhanı No:81/A Akçaabat / TRABZON” as of April 22, 2008 on Tuesday.

21.04.2008

Nizip Branch of Şekerbank got into swing with 308 branch code at the address “Fevzi Paşa Mahallesi, Necip Mahmut Caddesi, No:82 Nizip / GAZİANTEP” as of April 21, 2008 on Monday.

18.04.2008

Aliağa Branch of Şekerbank got into swing with 301 branch code at the address “Kazımdirik Mahallesi, İstiklal Caddesi, No:62 Aliağa / İZMİR”, Ankara Caddesi/Bursa Branch of Şekerbank got into swing with 306 branch code at the address “Anadolu Mahallesi, Ankara Caddesi, No:75 16260 Yıldırım/ BURSA” as of April 18, 2008 on Friday.

11.04.2008

Hadimköy Branch of Sekerbank got into swing with 297 branch code at the address “Çakmakli Mahallesi, Hadimköy Baglanti Yolu, No:21 Kiraç Büyükçekmece / ISTANBUL”, Sarigazi Branch of Sekerbank got into swing with 298 branch code at the address “Sarigazi Mahallesi, Eski Ankara Caddesi, Saray Sokak, No:65 Ümraniye / ISTANBUL” and Besevler/Bursa Branch of Sekerbank got into swing with 305 branch code at the address “Besevler Mahallesi, Koçman Caddesi, No:407 Nilüfer / BURSA”as of April 11, 2008 on Friday.

09.04.2008

The Ordinary General Assembly Meeting of our Bank for the fiscal year of 2007 shall be held on April 29, 2008, Tuesday, at 11:00 a.m. at the headquarters located at Büyükdere Caddesi No: 171 Metrocity A Blok 1.Levent/ISTANBUL
Agenda
Opening & Establishment of Presidential Board and To authorize the Presidential Board to sign general shareholders’ minute book.
Reading Board of Director’s Annual Report & Audits Report and discussion of Audit Report Reading Independent Audit’s Summary Report and Election of Independent Audit Firm and approval of the firm according to Banking Regulation and Supervision Agency’s regulations, Reading of Balance Sheet and Profit & Loss, Discussions, Certification and Approval or disapproval of Distribution of the Bank’s profit according to Board of Directors suggestions, Amendment of the articles 8., 20., 28., 29., 30., 32., 33., 34. and 39.of Articles of Association of Sekerbank T.A.S. as approved by Board of Directors
Approval of the substitute Members of Board of Directors who are assigned to serve residual term of membership of Board of Directors
To discharge Board of Directors and Auditors
To set Board of Directors and Auditors compensations
To furnish information on donations with our shareholders’
Requests
Closing.

04.04.2008

Bucak Branch of Sekerbank got into swing with 299 branch code as of April 4, 2008 on Friday at the address "Konak Mahallesi, Süleyman Demirel Bulvarı, No:24 Bucak / BURDUR"

28.03.2008

As stated in our disclosures dated 21.03.2007 & 08.08.2007 that Sekerbank has been collected tax return amount of totaling YTL 47.708.126,58. Further to our negotiations with the Tax Authority; The Bank has agreed on returning YTL 1.106.913,12 to the Tax Authority in accordance for the years 2001/2005. The amount of YTL 1.106.913,12 will be booked as an expense item to our books.

24.03.2008

Giresun Branch will continue its operations as of March 24, 2008 on Monday at the address "Hacimiktat Mahallesi, Alpaslan Caddesi, No: 31 GIRESUN"

19.03.2008

As per the resolution of the Board of Directors it has been decided to amend articles 8, 20, 28, 29, 30, 32, 33, 34 and 39 of Sekerbank’s Articles of Association at the first General Assembly.

18.03.2008

Konya/Mevlana Branch will continue its operations with the name "Karatay Sanayi" as of March 18, 2008 on Tuesday at the address "Karatay Sanayi Sitesi, Isik Mahallesi, Saka Sokak, No:43 Selçuklu/KONYA"

17.03.2008

We have been received TRY 61.000.000 of non performing loan portfolio TRY 243.793.215,60 on March 14, 2008. As it has been announced on February 25, 2008 that the operations related with sale TRY 243.793.215,60 of nonperforming loans to Lehman Brothers as the highest bidder for TRY 61.000.000.

29.02.2008

Etimesgut Branch of Sekerbank got into swing with 296 branch code as of February 29, 2008 on Friday at the address “Istasyon Mah. Tüzün Sok. No:45 Etimesgut / ANKARA”

29.02.2008

ISS Corporate Services, Inc. (ISS) which has been certified by Capital Market Board of Turkey (CMB) to perform Corporate Governance Rating assessment, has rated our Bank with a good rating of 70.16 within the context of “Shareholders”, “Public Disclosure and Transparency”, “Stakeholders” and “Board of Directors”. Sekerbank is started the application procedures to ISE CG Index.

26.02.2008

We had announced that the operations related with the sale of nonperforming loans were started as of September 27, 2007 and the operations related with the sale of non performing loans were conducted as of December 14, 2007. As a result of the mentioned operations; the Board of Directors resolved to sell the nonperforming loans amount of TRY 243.793.215,60, to Lehman Brothers which offers the highest price TRY 61.000.000. The transaction will be finalized after the completion of procedures.

22.02.2008

Our Mamak Branch commenced its operations on February 22, 2008 Friday with branch number 295 at the address General Zeki Dogan Mahallesi, Natoyolu Caddesi No:10 Mamak/ANKARA

06.02.2008

It has been resolved that resigning requests of Saduakas Mameshtegi and Kairat Bektanov among members of the Board of Directors shall be accepted and Khalil Kamalov and Oleg Tsurkan shall be appointed as the new Members of Board of Directors according to the resolution of the board of directors of our Bank dated 05.02.2008 with resolution number 11.

01.02.2008

General Manager-CEO of our bank, Dr. Hasan Basri Göktan assigned his duty to Meriç Ulusahin on the date of 01.02.2008 as stated in the disclosure that we have been made on 18.12.2007. Dr. Hasan Basri Göktan started to act as Chairman of the Board of Directors of our Bank on the same date. Erdal Arslan who acted as Chairman of the Board of Directors until that date shall henceforth act as Member of the Board of Directors.

16.01.2008

Our majority shareholders carry out prediction studies about the equity requirement in terms of the strategies and business plans approved by our Board of Directors and they have revised this requirement within the scope of both long term and annual budget studies. An equity scale in corresponds to the business plan of our bank is updated in compliance with both provisions of the effective regulation and the administrative predictions. Paying dividends is one of the components determining the scale of equity and the respective explanations put across the considerations and wishes.

The competent body of our Bank for paying dividends is General Assembly. After Board of Directors announces the agenda than it will be presented to the General Assembly for their approval on paying dividends according to the financial results of the completed fiscal year, to the public via the Istanbul Stock Exchange.

Opening Branches abroad according to the effective regulation is subject to the permission of BRSA (Banking Regulation and Supervision Agency). BRSA has been applied for opening branch in Bahrain but it has not been finalized yet. Following finalization of our application; our business plan with regard to this Branch opening shall be announced to the public.

14.01.2008

Our Kurköy Branch commenced its operations on January 14, 2008 Monday with branch number 294 at the address Seyhli Mah. Ankara Cad. No:25 Pendik/Istanbul.

Authorized Personnel to Disclose Material Events

Mesut OZDINC Executive Vice President, H. Cenk EYNEHAN, Vice President of Investor Relations and Subsidiary Division and Irem SOYDAN, Vice President of Financial Control and Accounting Division are authorized to disclose the material events of the Sekerbank T.A.S.