Investor Presentaiton

Effective Balance Sheet Risk Management LIQUIDITY MANAGEMENT Principal & Interest Payments¹ NET FX POSITION 1,675 Investor Presentation US$ Mn Short FX position 1,675 Limited Short FX position Positive/Neutral FX position 588 335 221 271 211 253 221 271 211 Dec15 Dec16 Dec18 Dec19 2020 2021 2022 2023 2024+ FX ■Local Currency • US$1.4 Bn equivalent of cash holdings covers maturities until 2024 • Almost all cash in hard currency • Strong free cash flow generation • 50% of FX denominated debt is hedged • Available credit lines from diversified funding sources • Hedging for whole maturity (principal & interest) (1) Data of Turkcell Group, excluding consumer finance business. 61

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