Press Release 12 December 2019

Largest fresh funding to Turkish economy via USD 1.1 billion syndicated loan to

DenizBank secured her historical record syndicated loan of USD 1.1 billion from international markets.

The loan, which is the largest fresh funding obtained by a Turkish in 2019, also strengthened the confidence in Turkish economy especially with its maturity up to two years.

With the participation of 45 from 22 countries, the transaction became one of the most broadly participated syndicated loan facilities of the year. It is also worthy to note that this is the first time for European Bank for Reconstruction and Development (EBRD) to participate into a Syndicated Loan Facility of a Turkish Bank together with the consortium of international banks.

Under the new ownership of ENBD, DenizBank returned to international markets by signing a syndicated loan receiving a record demand of USD 1.1 billion in her history in one and two year tranches. The transaction is coordinated by Abu Dhabi , Bank of America Merrill Lynch and Emirates NBD Capital while Mizuho Bank has acted as the Facility Agent.

Being the largest fresh funding provided to the Turkish economy in 2019, the transaction can also be recognized as the most broadly participated syndicated loan facility in the second half of 2019 with 45 banks from 22 countries. Another important aspect of the transaction is the involvement of European Bank for Reconstruction and Development (EBRD) into a syndicated loan facility of a Turkish Bank together with the consortium of international banks.

The Facility will be utilised to support international trade activities of DenizBank’s customers including tourism and maritime sectors, whereas EBRD funds will specifically be available to support agricultural activities of DenizBank customers’ in rural areas.

“An evidence demonstrating DenizBank’s power”

Emphasizing that this loan facility proves DenizBank’s strong recognition in international markets, DenizBank’s CEO Hakan Ateş said “Our syndicated loan facility which is breaking grounds in the sector demonstrates once again DenizBank’s sound financial structure and position in the international arena. This transaction which is of high importance in terms of providing fresh funding to the Turkish economy is also valuable for its tenor up to two years and being the first transaction participated by EBRD together with a consortium of the international banks. As a result of the positive developments arising in this re-balancing period of our economy, the transaction closed, with

a record oversubscription, at 1.1 billion dollars, almost doubling the planned amount. We are also proud that this is the highest amount of fresh funding brought to our country in 2019. A large part of this loan will be used for international trade activities of our customers including tourism and maritime sectors; and the EBRD tranche will be used to finance the working capital and investment needs of Turkish farmers. Under the ownership of a strong group like ENBD, we will continue to bring new and additional funding sources to our economy and execute other capital market transactions in the upcoming periods, as well.”

About DenizBank

DenizBank started its journey when it was acquired by Zorlu Holding in 1997 in the form of banking license from the Privatization Administration. The Bank was acquired by Dexia, one of the leading finance groups of Europe, in October 2006; and then its shares were sold to Russia’s largest bank SberBank on September 28, 2012. As of July 31, 2019, the Bank was transferred to ENBD, again one of the largest institutions in its region.

Aiming to create a “financial supermarket” gathering various under one roof, DenizBank Financial Services Group has 749 branches in total including the branches of subsidiaries and close to 14 thousand employees operating in 81 provinces of , five domestic and three international financial subsidiaries, six domestic non-financial subsidiaries and a branch in Bahrain. DenizYatırım, Deniz Real Estate Investment Trust, DenizPortfolio Management, DenizLeasing, DenizFactoring, Intertech, DenizKültür, Ekspres Bilgi İşlem ve Ticaret, Deniz Card Payment Systems, Açık Deniz Radio – TV and Bantaş are the group’s domestic subsidiaries while Eurodeniz, DenizBank AG and DenizBank Moscow are its international subsidiaries.