The Communiqué No. 2005/1 regarding Statutory Reserves (the “Communiqué”) was amended on 23 March 2011 and 21 April 2011 to be effective as of 1 April 2011 and 13 May 2011, respectively. The amendments to Article 5 of the Communiqué increased Turkish lira and foreign exchange statutory reserve ratios dependent on the type of account held with the Central Bank of the Republic of Turkey (the “Central Bank”).