İŞBANK ANNUAL REPORT 2014

ACTIVITIES

İŞBANK

ANNUAL REPORT 2014

ANNUAL REPORT COMPLIANCE OPINION

CONVENIENCE TRANSLATION INTO ENGLISH OF THE COMPLIANCE OPINION RELATED TO

ANNUAL REPORT ORIGINALLY ISSUED IN TURKISH

To the General Assembly of Türkiye İş Bankası Anonim Şirketi:

We have audited the accuracy and the consistency of the financial information in the annual report of Türkiye İş Bankası Anonim Şirketi

(“the Bank”) as of 31 December 2014 with the audited financial statements as of and for the year then ended. This annual report is the

responsibility of the Bank’s management. Our responsibility, as independent auditors, is to express an opinion on whether the financial

information included in the annual report is consistent with the financial statements expressed in the auditor’s report dated 30 January

2015 based on our audit.

We conducted our audit in accordance with the regulations on preparation and issuance of annual report in (Turkish) of Banking Law

No 5411 and Standards on Auditing which is a component of the Turkish Auditing Standards (“TAS”) published by the Public Oversight

Accounting and Auditing Standards Authority (“POA”) and Article 397 of Turkish Commercial Code (“TCC”) No 6102. Those regulations

require that we plan and perform the audit to obtain reasonable assurance regarding whether the financial information presented in the

annual report is free of material misstatement. We believe that the audit evidence we have obtained is sufficient and appropriate to provide

a basis for our opinion.

In our opinion, the financial information presented in the accompanying annual report presents fairly, in all material respects, the

information regarding the financial position of Türkiye İş Bankası Anonim Şirketi as of 31 December 2014 in accordance with the effective

regulations described in Article 40 of Banking Law No 5411 and includes Independent Auditor’s Report issued by us and Summary of Board

of Directors’ Report and is consistent with the audited financial statements and explanatory notes.

Report on Other Regulatory Requirements

In accordance with the third clause of Article 402 of TCC, no significant matter has come to our attention that shall be reported about

Türkiye İş Bankası Anonim Şirketi’s ability to continue as a going concern in accordance with TAS 570 Going Concern.

Akis Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş.

A member of KPMG International Cooperative

Murat Alsan, SMMM

Partner, SMMM

6 March 2015

İstanbul, Turkey