SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 or 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
Report on Form 6-K dated March 1, 2004
____________________
TURKCELL ILETISIM HIZMETLERI A.S.
Turkcell Plaza
Mesrutiyet Caddesi No.153
34430 Tepebasi
Istanbul, Turkey
____________________
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F:
Form 20-F: |X| Form 40-F: |_|
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1):
Yes: |_| No: |X|
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7):
Yes: |_| No: |X|
Indicate by check mark whether the registrant by furnishing the information
contained in this form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes: |_| No: |X|
Enclosures: Press release dated February 11, 2004 --"Turkcell Announces
New Financing Arrangements."
Press release dated February 18, 2004 -- "Turkcell Announces
the Results of the GSM License Tender in Iran."
Forms on Announcement of Special Situations (11).
[TURKCELL logo]
FOR IMMEDIATE RELEASE
TURKCELL ANNOUNCES NEW FINANCING ARRANGEMENTS
Istanbul, Turkey: February 11, 2004--Turkcell (NYSE: TKC, ISE: TCELL), the
leading provider of mobile communications services in Turkey, today announced
that it has secured US$200 million through two new financing arrangements
provided equally by Akbank (US$100 million) and Garanti Bank (US$100 million),
two of the leading private banks in Turkey.
Both of these uncollateralized facilities have a maturity of three years. The
Akbank facility has a total cost of LIBOR plus 3.50%, while the Garanti Bank
facility has a total cost of LIBOR plus 3.40%. These new domestic bank loans,
which will be primarily used in the financing of investments, show the strong
financial standing of Turkcell as well as its credibility in the financial
markets. Turkcell will continue to pursue strategies for lowering its cost of
borrowing and extending borrowing maturity.
www.turkcell.com.tr
About Turkcell
Turkcell is the leading GSM operator in Turkey with 19 million postpaid and
prepaid customers as of December 31, 2003. Turkcell had revenues of US$1,839.4
million during the nine month period ended September 30, 2003. Turkcell provides
high-quality wireless telephone services throughout Turkey and has coverage of
100% of the towns with more than 10,000 inhabitants. Turkcell provides roaming
with 352 operators in 141 countries as of September 30, 2003. At the end of
1999, Turkcell became the first GSM operator in Turkey to be awarded the
prestigious ISO 9001 certificate for the quality of its service. Turkcell is the
only NYSE listed company in Turkey. Turkcell has interests in international GSM
operations in Azerbaijan, Georgia, Kazakhstan, Moldova and Northern Cyprus,
which have a total of 2.1 million subscribers as of September 30, 2003.
1
For further information please contact:
Contact:
Turkcell: Citigate Dewe Rogerson
--------- Europe:
Investors: Kate Delahunty
---------- Tel: +44-20/7282-2934
Koray Ozturkler, Investor Relations Email: kate.delahunty@citigatedr.co.uk
Tel: +90 212 313 1500 -------------------------------
Email: koray.ozturkler@turkcell.com.tr Toby Moore
------------------------------- Tel:+44-20/7282-2999
Murat Borekci, Investor Relations Email: toby.moore@citigatedr.co.uk
Tel: + 90 212 313 1503 ---------------------------
Email: murat.borekci@turkcell.com.tr or
-----------------------------
investor.relations@turkcell.com.tr United States:
---------------------------------- Victoria Hofstad/Jessica Wolpert
Tel: +1-201-499-3500
Media: Email: victoria.hofstad@citigatefi.com
------ -------------------------------
Nazli Candan, Corporate Communications jessica.wolpert@citigatefi.com
Tel: + 90 212 313 2310 ------------------------------
Email: nazli.candan@turkcell.com.tr
----------------------------
or
Bahar Erbengi, Corporate Communications
Tel: + 90-212/313-2309
Email: bahar.erbengi@turkcell.com.tr
-----------------------------
2
[TURKCELL logo]
FOR IMMEDIATE RELEASE
TURKCELL ANNOUNCES THE RESULTS OF THE GSM LICENSE TENDER IN IRAN
Istanbul, Turkey: February 18, 2004--Turkcell (NYSE: TKC, ISE: TCELL), the
leading provider of mobile communications services in Turkey, today announced
that the consortium led by Turkcell has provided the best offer in the
nationwide GSM900/1800 license tender in Iran. Turkcell will be awarded the
license upon the payment of the (euro)300mn license fee and the signing of a
license agreement between the consortium led by Turkcell and the regulatory
authorities in Iran.
There is only one nationwide GSM phone operator in Iran, which is the
state-owned Telecommunication Company of Iran ("TCI"). Iran has a population of
approximately 70 million, and a mobile phone penetration rate of approximately
4%.
www.turkcell.com.tr
About Turkcell
Turkcell is the leading GSM operator in Turkey with 19 million postpaid and
prepaid customers as of December 31, 2003. Turkcell had revenues of US$1,839.4
million during the nine month period ended September 30, 2003. Turkcell provides
high-quality wireless telephone services throughout Turkey and has coverage of
100% of the towns with more than 10,000 inhabitants. Turkcell provides roaming
with 352 operators in 141 countries as of September 30, 2003. At the end of
1999, Turkcell became the first GSM operator in Turkey to be awarded the
prestigious ISO 9001 certificate for the quality of its service. Turkcell is the
only NYSE listed company in Turkey. Turkcell has interests in international GSM
operations in Azerbaijan, Georgia, Kazakhstan, Moldova and Northern Cyprus,
which have a total of 2.1 million subscribers as of September 30, 2003.
1
For further information please contact:
Contact:
Turkcell: Citigate Dewe Rogerson
--------- Europe:
Investors: Kate Delahunty
---------- Tel: +44-20/7282-2934
Koray Ozturkler, Investor Relations Email: kate.delahunty@citigatedr.co.uk
Tel: +90 212 313 1500 -------------------------------
Email: koray.ozturkler@turkcell.com.tr Toby Moore
------------------------------- Tel:+44-20/7282-2999
Murat Borekci, Investor Relations Email: toby.moore@citigatedr.co.uk
Tel: + 90 212 313 1503 ---------------------------
Email: murat.borekci@turkcell.com.tr or
-----------------------------
investor.relations@turkcell.com.tr United States:
---------------------------------- Victoria Hofstad/Jessica Wolpert
Tel: +1-201-499-3500
Media: Email: victoria.hofstad@citigatefi.com
------ -------------------------------
Nazli Candan, Corporate Communications jessica.wolpert@citigatefi.com
Tel: + 90 212 313 2310 ------------------------------
Email: nazli.candan@turkcell.com.tr
----------------------------
or
Bahar Erbengi, Corporate Communications
Tel: + 90-212/313-2309
Email: bahar.erbengi@turkcell.com.tr
-----------------------------
2
FORM ON ANNOUNCEMENT OF SPECIAL SITUATIONS
Turkcell Iletisim Hizmetleri A.S.
Turkcell Plaza, No:153 Tepebasi
34430, Istanbul
Tel No: (212) 313 10 00
Fax No: (212) 292 93 22
Subject: Statement in made pursuant to Circular VIII, No: 39 of the Capital
Markets Board.
THE CHAIRMAN OF THE CAPITAL MARKETS BOARD
ANKARA
------
Special Subjects:
-----------------
The announcement prepared according to the request of Istanbul Stock Exchange is
as follows:
Previously, we have reported that during the Board of Directors' meeting dated
August 20, 2003, Board of Directors has authorized Turkcell management to enter
into the GSM license tender in Iraq covering three regions for two year as part
of a consortium and that the announcement date for the results of this tender
was expected on September 5, 2003. Although we have not received a formal
notification, different media agencies reported that the tender process has been
finalized and revealed the names of the winners. Turkcell's name does not appear
in these lists of the winning parties reported by the media.
Even though Turkcell has demanded an explanation regarding the selection
criteria exercised in the tender and the reason why Turkcell failed to prevail,
no response was received from the officials.
We hereby confirm that the above-mentioned explanations are furnished as per the
provisions of the Communique Serial no VIII/39, that they reflect all
information we have gathered so far, that they are in accordance with our
corporate documents, that we have used all endeavours to collect the complete
and true related information and that we assume the responsibility for this
disclosure.
TURKCELL ILETISIM HIZMETLERI A.S.
Koray Ozturkler Serkan Okandan
Investor Relations Financial Reporting
30.01.2004, 12:00 30.01.2004, 12:00
FORM ON ANNOUNCEMENT OF SPECIAL SITUATIONS
Turkcell Iletisim Hizmetleri A.S.
Turkcell Plaza, No:153 Tepebasi
34430, Istanbul
Tel No: (212) 313 10 00
Fax No: (212) 292 93 22
Subject: Statement in made pursuant to Circular VIII, No: 39 of the Capital
Markets Board.
THE CHAIRMAN OF THE CAPITAL MARKETS BOARD
ANKARA
------
Special Subjects:
-----------------
On our special situation announcement dated December 4, 2003, we reported that
Turk Telekom has stopped making monthly interconnection fee payments based on
the injunction obtained from the Ankara First Commercial Court dated November
14, 2003.
The Ankara First Commercial Court partially accepted Turkcell's appeal
concerning the injunction decision obtained by Turk Telekom and lifted the
injunction on 30% of the monthly payments. The total amount demanded by Turk
Telekom in this lawsuit amounts to TL490,009,745,321,552. Accordingly, Turk
Telekom will start making 30% of the monthly interconnection fee payments, while
the injunction will continue to be effective on the remaining 70%.
During the same hearing, the Court expanded the extent of the injunction dated
November 14, 2003 to two other lawsuits continuing at the same Court. These
cases are related to the same dispute, while covering different time periods
with the demanded payments amounting to TL1,083,197,475,599,420 and
TL280,149,208,506,494.
We hereby confirm that the above-mentioned explanations are furnished as per the
provisions of the Communique Serial no VIII/39, that they reflect all
information we have gathered so far, that they are in accordance with our
corporate documents, that we have used all endeavours to collect the complete
and true related information and that we assume the responsibility for this
disclosure.
TURKCELL ILETISIM HIZMETLERI A.S.
Koray Ozturkler Serkan Okandan
Investor Relations Financial Reporting
30.01.2004, 12:00 30.01.2004, 12:00
FORM ON ANNOUNCEMENT OF SPECIAL SITUATIONS
Turkcell Iletisim Hizmetleri A.S.
Turkcell Plaza, No:153 Tepebasi
34430, Istanbul
Tel No: (212) 313 10 00
Fax No: (212) 292 93 22
Subject: Statement in made pursuant to Circular VIII, No: 39 of the Capital
Markets Board.
THE CHAIRMAN OF THE CAPITAL MARKETS BOARD
ANKARA
------
Special Subjects:
-----------------
Turkcell has previously stated its interest in the International GSM license
tenders through special situation announcements. Within this context, Turkcell
is evaluating the GSM tenders in Oman and Kosova. While both tenders are in the
preliminary evaluation stages, Turkcell has not made a decision regarding its
participation.
Developments regarding these subjects will be announced according to the
Circular VIII, No: 39 of the Capital Markets Board.
We hereby confirm that the above-mentioned explanations are furnished as per the
provisions of the Communique Serial no VIII/39, that they reflect all
information we have gathered so far, that they are in accordance with our
corporate documents, that we have used all endeavours to collect the complete
and true related information and that we assume the responsibility for this
disclosure.
TURKCELL ILETISIM HIZMETLERI A.S.
Ekrem Tokay Murat Erden
Chief Financial Officer Treasury
05.02.2004, 17:00 05.02.2004, 17:00
FORM ON ANNOUNCEMENT OF SPECIAL SITUATIONS
Turkcell Iletisim Hizmetleri A.S.
Turkcell Plaza, No:153 Tepebasi
34430, Istanbul
Tel No: (212) 313 10 00
Fax No: (212) 292 93 22
Subject: Statement in made pursuant to Circular VIII, No: 39 of the Capital
Markets Board.
THE CHAIRMAN OF THE CAPITAL MARKETS BOARD
ANKARA
------
Special Subjects:
-----------------
In 2002, the Ministry of Finance notified Turkcell that it is obliged to pay VAT
on the 15% Treasury share fee paid to the Turkish Treasury, including all
payments made since April 1998.
We have previously disclosed that Turkcell benefited from the Tax Amnesty Law
for the amounts covering the period between April 1998 and November 2001. In
addition, we also disclosed that although Turkcell began to pay VAT on the
Treasury fee with a reserve starting from June 2003, it applied to the Istanbul
Tax Court against Bogazici Tax Office (full Turkish name: Bogazici Kurumlar
Vergi Dairesi Baskanligi) for cancellation of the payment.
The Istanbul Tax Court has now decided in favor of Turkcell. As a result, the
Company is not obliged to pay VAT on the Treasury share fee.
We hereby confirm that the above-mentioned explanations are furnished as per the
provisions of the Communique Serial no VIII/39, that they reflect all
information we have gathered so far, that they are in accordance with our
corporate documents, that we have used all endeavours to collect the complete
and true related information and that we assume the responsibility for this
disclosure.
TURKCELL ILETISIM HIZMETLERI A.S.
Selen Kocabas Meltem Kalender
Chief Business Support Officer Human Resources
09.02.2004, 09:30 09.02.2004, 09:30
FORM ON ANNOUNCEMENT OF SPECIAL SITUATIONS
Turkcell Iletisim Hizmetleri A.S.
Turkcell Plaza, No:153 Tepebasi
34430, Istanbul
Tel No: (212) 313 10 00
Fax No: (212) 292 93 22
Subject: Statement in made pursuant to Circular VIII, No: 39 of the Capital
Markets Board.
THE CHAIRMAN OF THE CAPITAL MARKETS BOARD
ANKARA
------
Special Subjects:
-----------------
Previously, we have reported that Turkcell has passed the prequalification round
in the GSM 900/1800 license tender of the Islamic Republic of Iran and that
Turkcell's Board of Directors has authorized the management of Turkcell to carry
out the necessary transactions.
On February 9, 2004, Turkcell bid for the GSM 900/1800 license tender of the
Islamic Repubic of Iran. Developments regarding this subject will be announced
according to the Circular VIII, No: 39 of the Capital Markets Board.
We hereby confirm that the above-mentioned explanations are furnished as per the
provisions of the Communique Serial no VIII/39, that they reflect all
information we have gathered so far, that they are in accordance with our
corporate documents, that we have used all endeavours to collect the complete
and true related information and that we assume the responsibility for this
disclosure.
TURKCELL ILETISIM HIZMETLERI A.S.
Koray Ozturkler Serkan Okandan
Investor Relations Financial Control and Reporting
10.02.2004, 09:30 10.02.2004, 09:30
FORM ON ANNOUNCEMENT OF SPECIAL SITUATIONS
Turkcell Iletisim Hizmetleri A.S.
Turkcell Plaza, No:153 Tepebasi
34430, Istanbul
Tel No: (212) 313 10 00
Fax No: (212) 292 93 22
Subject: Statement in made pursuant to Circular VIII, No: 39 of the Capital
Markets Board.
THE CHAIRMAN OF THE CAPITAL MARKETS BOARD
ANKARA
------
Special Subjects:
-----------------
On our special situations announcement dated January 21, 2004, we have reported
that the Danistay, the highest administrative court in Turkey, has rejected
Turkcell's claim concerning the exclusion of certain value-added services,
transaction fees, incoming roaming revenues and interest charges for late
collections from the determination of the 15% Treasury share paid to the Turkish
Treasury.
We also stated that Turkcell was evaluating the merits of further appeal.
Accordingly, Turkcell has filed an appeal on February 10, 2004.
We hereby confirm that the above-mentioned explanations are furnished as per the
provisions of the Communique Serial no VIII/39, that they reflect all
information we have gathered so far, that they are in accordance with our
corporate documents, that we have used all endeavours to collect the complete
and true related information and that we assume the responsibility for this
disclosure.
TURKCELL ILETISIM HIZMETLERI A.S.
Ruhi Dogusoy Meltem Kalender
Chief Operating Officer Human Resources
11.02.2004, 09:30 11.02.2004, 09:30
FORM ON ANNOUNCEMENT OF SPECIAL SITUATIONS
Turkcell Iletisim Hizmetleri A.S.
Turkcell Plaza, No:153 Tepebasi
34430, Istanbul
Tel No: (212) 313 10 00
Fax No: (212) 292 93 22
Subject: Statement in made pursuant to Circular VIII, No: 39 of the Capital
Markets Board.
THE CHAIRMAN OF THE CAPITAL MARKETS BOARD
ANKARA
------
Special Subjects:
-----------------
The international rating company, Fitch, upgraded Turkcell's Long-term foreign
currency rating to B+ from B, while stating the Outlook as Stable. Moreover, the
Long-term domestic currency rating was affirmed as B+ and the Outlook remained
Positive.
We hereby confirm that the above-mentioned explanations are furnished as per the
provisions of the Communique Serial no VIII/39, that they reflect all
information we have gathered so far, that they are in accordance with our
corporate documents, that we have used all endeavours to collect the complete
and true related information and that we assume the responsibility for this
disclosure.
TURKCELL ILETISIM HIZMETLERI A.S.
Koray Ozturkler Ruhi Dogusoy
Investor Relations Chief Operating Officer
17.02.2004, 09:30 17.02.2004, 09:30
FORM ON ANNOUNCEMENT OF SPECIAL SITUATIONS
Turkcell Iletisim Hizmetleri A.S.
Turkcell Plaza, No:153 Tepebasi
34430, Istanbul
Tel No: (212) 313 10 00
Fax No: (212) 292 93 22
Subject: Statement in made pursuant to Circular VIII, No: 39 of the Capital
Markets Board.
THE CHAIRMAN OF THE CAPITAL MARKETS BOARD
ANKARA
------
Special Subjects:
-----------------
Previously, following the failure of the negotiations between Turkcell and
Is-Tim Telekominikasyon Hizmetleri A.S. regarding national roaming, the
Telecommunications Authority ("TA") intervened in the talks and with a written
statement dated March 14, 2002, gave Turkcell 30 days to come to an agreement
with the operators holding GSM1800 licenses on the basis of issued regulations.
Accordingly, on April 11, 2002, Turkcell initiated proceedings before the
International Chamber of Commerce ("ICC") against application of the new
regulations and that the TA is not authorized to intervene in the negotiation
process, which is now rejected by the ICC, stating that the subject is not under
its authority. In other words, ICC implied that the dispute should be overseen
not before the international legislators but the local courts. This resolution
does not reveal any outcome regarding the essence of the dispute, while the
lawsuit filed by Turkcell on the same subject continues before the Danistay, the
highest administrative court in Turkey.
We hereby confirm that the above-mentioned explanations are furnished as per the
provisions of the Communique Serial no VIII/39, that they reflect all
information we have gathered so far, that they are in accordance with our
corporate documents, that we have used all endeavours to collect the complete
and true related information and that we assume the responsibility for this
disclosure.
TURKCELL ILETISIM HIZMETLERI A.S.
Koray Ozturkler Ruhi Dogusoy
Investor Relations Chief Operating Officer
17.02.2004, 09:30 17.02.2004, 09:30
FORM ON ANNOUNCEMENT OF SPECIAL SITUATIONS
Turkcell Iletisim Hizmetleri A.S.
Turkcell Plaza, No:153 Tepebasi
34430, Istanbul
Tel No: (212) 313 10 00
Fax No: (212) 292 93 22
Subject: Statement in made pursuant to Circular VIII, No: 39 of the Capital
Markets Board.
THE CHAIRMAN OF THE CAPITAL MARKETS BOARD
ANKARA
------
Special Subjects:
-----------------
On December 18, 2000, the Turkish Treasury demanded that Turkcell include the
special transaction tax ("STT") and the stamp tax ("ST") in the calculation of
the Treasury share starting from December 1999.
Turkcell filed a lawsuit on this issue before the 10th court of Danistay, the
highest administrative court in Turkey, and the Court decided on the essence of
the dispute and rejected Turkcell's court case. Turkcell will file an appeal
within the legal time frame. Turkcell does not have any provisions for this
dispute and in case of unfavorable decision the financial risk amounts to TL76
trillion as of September 30, 2003.
We hereby confirm that the above-mentioned explanations are furnished as per the
provisions of the Communique Serial no VIII/39, that they reflect all
information we have gathered so far, that they are in accordance with our
corporate documents, that we have used all endeavours to collect the complete
and true related information and that we assume the responsibility for this
disclosure.
TURKCELL ILETISIM HIZMETLERI A.S.
Koray Ozturkler Umit Akin
Investor Relations Legal Affairs
23.02.2004, 09:30 23.02.2004, 09:30
FORM ON ANNOUNCEMENT OF SPECIAL SITUATIONS
Turkcell Iletisim Hizmetleri A.S.
Turkcell Plaza, No:153 Tepebasi
34430, Istanbul
Tel No: (212) 313 10 00
Fax No: (212) 292 93 22
Subject: Statement made pursuant to Circular VIII, No: 39 of the Capital Markets
Board.
THE CHAIRMAN OF THE CAPITAL MARKETS BOARD
ANKARA
------
Special Subjects:
-----------------
Several media outlets reported that the Assembly of Civil Law Chambers of Court
of Appeals ruled that the dispute between Turk Telekom and Turkcell concerning
the annulment of the Annex 1-A.1 of the interconnection agreement, which deals
with call termination pricing, between parties should be overseen by the
administrative courts. Also, same reports implied that this decision has paved
the way for Turk Telekom to collect its receivables from Turkcell.
Turkcell has previously made the necessary announcements on this subject
pursuant to Circular VIII, No: 39 of the Capital Market, while our last
statement was dated January 30, 2004.
This decision of the Assembly of Civil Law Chambers of Court of Appeals is not
officially submitted to Turkcell. However, based on the information received,
this judgment of the Assembly is not a verdict about the essence of the dispute
but it is about determining the appropriate legal authority.
We hereby confirm that the above-mentioned explanations are furnished as per the
provisions of the Communique Serial no VIII/39, that they reflect all
information we have gathered so far, that they are in accordance with our
corporate documents, that we have used all endeavours to collect the complete
and true related information and that we assume the responsibility for this
disclosure.
TURKCELL ILETISIM HIZMETLERI A.S.
Koray Ozturkler Ruhi Dogusay
Investor Relations Chief Operating Officer
26.02.2004, 10:00 26.02.2004, 10:00
FORM ON ANNOUNCEMENT OF SPECIAL SITUATIONS
Turkcell Iletisim Hizmetleri A.S.
Turkcell Plaza, No:153 Tepebasi
34430, Istanbul
Tel No: (212) 313 10 00
Fax No: (212) 292 93 22
Subject: Statement made pursuant to Circular VIII, No: 39 of the Capital Markets
Board.
THE CHAIRMAN OF THE CAPITAL MARKETS BOARD
ANKARA
------
Special Subjects:
-----------------
Cukurova Holding A.S. informed Turkcell that it sold Turkcell's 8,998,845,000
shares (nominal value at TL8,998,845,000,000) to Yapy Kredi Bankasi A.S. for its
debt payment of US$98,937,601 due December 31, 2003, including the accumulated
interest cost, in the context of the Financial Restructuring Agreement (FRA)
signed between Yapi Kredi Bankasi A.S. and Cukurova Holding A.S.. These shares
are not in circulation and the transaction price is calculated according to the
last 30 days weighted average price of Turkcell in Istanbul Stock Exchange based
on the "realistic price" principles.
Following this transaction, the direct ownership of Cukurova Holding A.S. and
Yapi Kredi Bankasi A.S. in Turkcell is 7.47% and 2.89%, respectively.
We hereby confirm that the above-mentioned explanations are furnished as per the
provisions of the Communique Serial no VIII/39, that they reflect all
information we have gathered so far, that they are in accordance with our
corporate documents, that we have used all endeavours to collect the complete
and true related information and that we assume the responsibility for this
disclosure.
TURKCELL ILETISIM HIZMETLERI A.S.
Koray Ozturkler Selen Kocabas
Investor Relations Business Support
27.02.2004, 10:00 27.02.2004, 10:00
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
Turkcell Iletisim Hizmetleri A.S. has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.
TURKCELL ILETISIM HIZMETLERI A.S.
Date: March 1, 2004 By: /s/ MUZAFFER AKPINAR
---------------------------
Name: Muzaffer Akpinar
Title: Chief Executive Officer