“Law No 5951 on Amending the Law on Collection Procedure of Public Receivables and Some Other Certain Laws” was accepted in the General Assembly of Grand National Assembly of Turkey on 28 January 2010. Please find below our explanations on the amendments made to the Law no 6183 with the mentioned Law.

- Under Article 58/3 of the Law No 6183, if the public debtor, who objects to the payment order, provides guarantee according to the Law No 6183, legal prosecution will be suspended until the objection commission (tax court) gives a final decision about the issue.

This provision is annulled with the Article 1 of the Law No 5951, to be effective as from the date when the Law is published on the Official Gazette.

- In case of the presence of the conditions specified under temporary Article 8 of the Law No 6183, immovable properties owned by the public debtor may be purchased by the Ministry of Finance and therefore public receivables may be cancelled. With the Article 2 of the Law No 5951, validity of this provision which expired as of 31 December 20009 is extended until 31 December 2014.

This regulation will come into force upon the promulgation of the law, to be effective as of 31 December 2009.

Our explanations provided above include general information on the issue. No responsibility can be claimed against Ernst & Young and Kuzey YMM A.Ş. due to the implications arising from the context of this document or emerging with respect to its context.

Best Regards,

KUZEY YEMİNLİ MALİ MÜŞAVİRLİK A.Ş.

İhsan Akar