| Q3-2011 Permission to share buybacks for publicly traded companies |
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In light of the provisions of new Turkish Commercial Code (No.6102), the CMB issued a new principal decision dated 10 August 2011 and numbered 26/767 allowing publicly traded companies to repurchase their own shares. The buyback ratio has been determined as 10% of a company's issued/paid-in capital subject to certain conditions stipulated in the said decision. |

