Finansbk.gdr(s) Regulatory News (FBKD)

May 13, 2011

Ref: D-MK-D-L-2011-008

Company Announcement Office

London Stock Exchange

Fax : 44 207 588 6057

The meeting of the Board of Directors was held under the presidency of Mr.Aras, the Chairman of the Board.

At the end of deliberations, the following resolution was taken unanimously by the attendees;

1-    Being within the registered capital which has been determined as 6.000.000.000.-TL;

To increase the current paid-in capital of our Bank of 2.205.000.000.-TL, by 115.000.000.-TL, to 2.320.000.000.-TL in free issue, through

110.250.000.-TL from the first dividends of the year 2010

    4.750.000.-TL from general reserves

2- To allocate the dematerialized shares to be issued by free issue to the shareholders in line with the Capital Market legislation related to the dematerialization,

3- To apply to Capital Markets Board in order to obtain the necessary permissions and to authorize  General Management  for execution of required  proceedings for the capital increase. 

Yours truly,

Gökhan Yücel

Senior Vice President,

Financial Control and Planning Division