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Individual Pension System 2016 Progress Report

Change in Contributions Paid for Contracts in Force according to Years

      Amount (TL Million)  15,000          Total Amount of Contributions for the Relevant Year Escalated by Mid-Year Inflation Rates Until 2016
                           14,000
                           13,000          2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
                           12,000
                           11,000
                           10,000

                            9,000
                            8,000
                            7,000
                            6,000
                            5,000
                            4,000
                            3,000
                            2,000
                            1,000

                                  0

G.50                                 2004

      Total amount of initial (new entry to system), regular and additional contributions paid for contracts that came in force
      as of 2016 year-end are analyzed according to payment years. Contributions paid during the year escalated by mid-year
      inflation rates until 2016.

Distribution of Contributions* according to Marketing Channel and Payment Period

                                           Monthly  Quarterly                          Semiannual  Annual

        Individual
      Direct Sales

        Corporate
              Sales

             Agent

                           Bank

                           Other           25 50                                                   75      100
                                    0                               Contributions (%)

G.51  Distribution of the total amount of initial (new entry to system), regular and additional contributions (TL Million 14,059)
      paid to contracts in 2016, in terms of “Payment Period”, in the detail of “Marketing Channel” is analyzed. “Other” include
      “Call Center”, “Broker” and “Internet” channels. Regardless of the intermediary who has signed the contract, marketing
      channel is the channel which has been effective in reaching the participant. Contracts with monthly payment period are
      providing 83 and contracts with annual payment period are providing 15 percent of contributions.

      *Contributions are total of initial, regular and additional contributions paid in 2016.

Individual Pension System Data                      34
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