Purchase and Sale of Notes by Turkish Residents (5764A)

TIDM45EU

RNS Number : 5764A

Akbank T.A.S

02 February 2011

Akbank T.A. . ("Akbank")

$1,000,000,000 5.125 per cent. Notes due 2015 (the "Notes")

CUSIP number 00971YAA8, ISIN code US00971YAA82 and Common Code number 052801869 with respect to the Rule 144A Note

CUSIP number M0300LAA4, ISIN code USM0300LAA46 and Common Code number 052795427 with respect to the Regulation S Note

2 February 2011

Investors will be aware that in its decision relating to the issuance of the Notes, the Banking Regulation and Supervision Agency of Turkey (the "BRSA") required that the Notes (or beneficial interests therein) were only offered or sold by Akbank to real persons and legal entities resident outside of Turkey. In accordance with this restriction, the Notes (and beneficial interests therein) were neither offered nor sold to Turkish residents by Akbank.

Notice is hereby given that: (i) the aforementioned restriction only applies to the initial offer and sale of the Notes by Akbank at the time of their issue, and (ii) Turkish residents are permitted under such restriction to purchase or to sell the Notes in the secondary markets. This information has been confirmed by the respective authority in writing upon Akbank's application to clarify the scope of the restriction.

Further, investors are reminded that as set out in the notice dated 13 January 2011, as a result of the change in tax laws in Turkey, Akbank no longer requires Noteholders to comply with the collection of information procedures regarding the identity and tax residence of Beneficial Owners of Notes. Pursuant to such change in tax laws, the withholding tax rate applicable to the Notes is reduced to 0% irrespective of the identity and tax residence of the investors, and Akbank is not required to make any withholding or deduction for any taxes in Turkey.

Noteholders are advised that no changes have been made to the terms and conditions of the Notes in connection with this announcement.

For further information, please contact:

Mr. Levent Cem Egritag

Foreign Borrowings Vice President

International Banking Business Unit

Akbank Head Office

Sabanc1 Center 34330, Istanbul, Turkey

Tel: +90 212 385 62 46

Fax: +90 212 281 81 88

This announcement is not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation. This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "Securities Act"), or under the securities legislation of any state or territory or jurisdiction of the United States and may not be offered, sold, transferred or delivered, directly or indirectly, in or into the United States except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any relevant state securities laws.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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