Affiliated Companies and Subsidiaries

Company Name	Affiliated Company / Subsidiary	Field of Activity	Paid-up Capital	Ownership (%)
Tuna Gayrimenkul Yatırım Ortaklığı A.Ş. *	Subsidiary	Real Estate and Project Development	100.000.000 TL	22.94
Nil Yönetim Hizmetleri Emlak Turizm San. ve Tic. A.Ş.	Subsidiary	Tourism and Accommodation	55.500.000 TL	99.93
Işık Sigorta A.Ş.	Subsidiary	Insurance	40.000.000 TL	65.42
Asya Kart Teknoloji Hizmetleri A.Ş.	Subsidiary	All types of Chip Cards and Magnetic / Optic reader Card Systems	50.000 TL	99.50
Asyafin Sigorta Aracılık Hizmetleri Ltd. Şti.	Subsidiary	Insurance Intermediary Services	10.000 TL	95.00
Yeni Mağazacılık A.Ş.**	Affilated Company	Retail Store	90.000.000 TL	21.84
Landmark Supply Holding A.Ş.**	Affilated Company	Retail Store	22.565.000 TL	21.84
Kredi Garanti Fonu A.Ş.	Affilated Company	Fund allocation and management to small and medium sized enterprises for loan guarantee purpose	240.000.000 TL	1.66
Tamweel Africa Holding SA	Affilated Company	Financial Services	26.109.798 EUR	40.00

* Also our subsidiary, Nil Yönetim Hizmetleri Emlak Turizm San. ve Tic. A.Ş. has 46.45 % share of Tuna Gayrimenkul Yatırım Ortaklığı A.Ş.

** The Bank participated in Yeni Mağazacılık A.Ş. and in Landmark Supply Holding A.Ş. by means of joint investment method, amounting to TL 19.653 Thousand and TL 4.928 Thousand respectively. These are recorded as associates in accordance with the Uniform Chart of Accounts published in the Official Gazette numbered 26415 and dated January 26, 2007. Yeni Mağazacılık A.Ş. operates with common investment method, a Financing Method for Participation Banks explained in the regulation no:19 regarding Banks’ Lending Transactions published in and enacted with the Official Gazette numbered 26333, dated November 1, 2006. Yeni Mağazacılık A.Ş. operates with the name of A.101.