STATEMENT OF RESPONSIBILITY AS PER THE CAPITAL MARKETS BOARD’S COMMUNIQUE ON PRINCIPLES OF FINANCIAL REPORTING IN CAPITAL MARKETS (II-14.1., BULLET 9)

We hereby would like to state that the annual report of Türk Ekonomi Bank A.Ş. prepared for the period 01.01.2016 - 31.12.2016 in accordance with the Communiquè on Principles of Financial Reporting in Capital Markets (II-14.1) of Capital Markets Board is examined by us; and

• within the frame of information held by us in our fields of duty and responsibility in the Bank, the annual report does not contain any untrue statement on material events or any deficiency which may make it misleading as of the date of statement; and
• within the frame of information held by us in our fields of duty and responsibility in the Bank, the annual report fairly reflects the progress and performance of business and the financial situation of the Bank, together with material risks and uncertainties exposed by the Bank.