Investor Presentaiton

Mobile/SMS Termination Rates in Turkey MTR RATES TRYKr. Mobile Voice Rates SMS Rates OLD Since 2013 Asymmetry OLD Since 2013 Asymmetry Turkcell 3.13 2.50 1.70 0.43 Vodafone TR 3.23 2.58 3% 1.73 0.43 TTKOM 3.70 2.96 18% 1.87 0.47 9% EVOLUTION OF MTR Investor Presentation TRY kuruş per min. 17.2 15.7 14.4 13.6 Turkcell MTR is half of the European MTR level 11.1 11.1 9.1 8.1 MTR-Turkcell Europe-MTR 6.6 6.5 4.9 5.0 4.8 3.1 3.1 3.1 4.2 4.4 4.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2007 2008 2009 2010 2011 2012 MTR: Mobile Termination Rate Source: BEREC July 2019 report, Cullen International 2013 2014 2015 2016 2017 2018 2019 69 59

View entire presentation