STATEMENT OF RESPONSIBILITY FOR ANNUAL REPORT 2019 OF TÜRK EKONOMİ BANKASI A.Ş.

We have reviewed the annual report of Türk Ekonomi Bank A.Ş. prepared for the period 01.01.2019 - 31.12.2019 in accordance with the Capital Markets Board of Turkey Communiqué (no. II-14.1) on Principles of Financial Reporting in Capital Markets and the Regulation on Principles and Procedures Concerning the Preparation and Publishing of Annual Report by Banks published by the Banking Regulation and Supervision Agency (BRSA), and we hereby represent that, within the frame of our duty and responsibility at the Bank and to the best of our knowledge, the year-end Annual Report:

• Does not contain any misrepresentations about material events, nor does it omit any information which might be misleading as of the date of the relevant declaration,
• Presents a true and fair view of the progress and performance of the business, and the Bank’s financial condition, as well as major risks and volatilities facing the Bank.