KAP : AKBANK T.A.S. / AKBNK [SAHOL] OZEL DURUM ACIKLAMASI (GENEL) 04.03.2015 18:28:41

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KAP : AKBANK T.A.S. / AKBNK [SAHOL] OZEL DURUM ACIKLAMASI (GENEL) 04.03.2015 18:28:41

OZEL DURUM ACIKLAMASI (GENEL)
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ORTAKLIGIN ADRESI : SABANCI CENTER 34330 4.LEVENT/ISTANBUL
TELEFON VE FAKS NUMARASI : TEL: (0212) 385 55 55 FAX: (0212) 319 52 52
E-POSTA ADRESI : HTTP://WWW.AKBANK.COM/TR-TR/GENEL/SAYFALAR/ILETISIM-FORMU.ASPX
ORTAKLIGIN YATIRIMCI/PAY SAHIPLERI ILE ILISKILER BIRIMININ TELEFON VE FAKS NUMARASI : TEL: (0212) 385 54 45 FAX: (0212) 278 40 28
YAPILAN ACIKLAMA ERTELENMIS ACIKLAMA MI? : HAYIR
OZET BILGI : CITIGROUP HISSE SATISI HK.


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ILGI (A) : 24.5.2012 TARIHLI OZEL DURUM ACIKLAMAMIZ
ILGI (B) : 25.5.2012 TARIHLI OZEL DURUM ACIKLAMAMIZ
ILGI (C) : 17.10.2006 TARIHLI OZEL DURUM ACIKLAMAMIZ

ILGI (A) VE (B)`DEKI ACIKLAMALARIMIZDA;

- BANKAMIZIN DOLAYLI ORTAGI OLAN CITIGROUP INC. (`CITIGROUP`) TARAFINDAN BANKAMIZIN %10.1 ORANINDAKI HISSESININ PIYASADA HIZLANDIRILMIS TALEP TOPLAMA YONTEMI ILE SATILDIGI,
- CITIGROUP, CITI OVERSEAS INVESTMENTS CORPORATION, H.O. SABANCI HOLDING A.S. (`SABANCI HOLDING`) VE BANKAMIZ ARASINDA 30 NISAN 2012 TARIHINDE IMZALANAN SOZLESMEYE GORE CITIGROUP`UN SATISTAN SONRA ELINDE KALACAK OLAN %9.9 ORANINDAKI STRATEJIK ISTIRAKINI, SINIRLI HALLER DISINDA, 3 YIL SUREYLE SATMAYACAGI, CITIGROUP`UN BANKAMIZ SERMAYESINDEKI PAYININ AZALMASI SONUCUNDA ILGI (C)`DE KAYITLI OZEL DURUM ACIKLAMAMIZ ILE KAMUYA DUYURULMUS MUHTELIF HISSEDARLIK HAKLARININ YURURLUKTEN KALKACAGI, ANCAK CITIGROUP`UN BANKAMIZDA SAHIP OLMAYA DEVAM EDECEGI HISSELERIN UCUNCU KISILERE SATISINA ILISKIN OLARAK SABANCI HOLDING`IN ON ALIM VE ONCELIKLI TEKLIF VERME HAKLARININ YURURLUKTE KALACAGI BILGISI VERILMISTIR.

CITIGROUP INC. DEVAM EDEN SERMAYE PLANLAMA CALISMALARININ BIR PARCASI OLARAK KENDI ANA FAALIYETLERINE ODAKLANMA VE AZINLIK PAYI SAHIBI OLDUGU SIRKETLERDEN AYRILMA KARARI ALDIGINI VE BU SEBEPLE HALIHAZIRDA SAHIP OLDUGU VE BANKAMIZ SERMAYESININ %9.9`UNA TEKABUL EDEN YAKLASIK 396,000,000 AKBANK T.A.S HISSESINI, PIYASADA, ONCEDEN BELIRLI OLMAYAN COK SAYIDA ALICI ADAYINA HIZLANDIRILMIS TALEP TOPLAMA (ACCELERATED EQUITY OFFERING) YONTEMI ILE SATMA KONUSUNDA BIR PRENSIP KARARI ALDIGINI BANKAMIZA BILDIRMISTIR.

BU BAGLAMDA SERMAYE PIYASALARINDAKI GLOBAL IYILESME, CITIGROUP`UN ANA FAALIYETLERINE ODAKLANMA VE SERMAYE GELIRLERINI AZAMI MIKTARA CIKARMA KARARIYLA PARALEL OLARAK, CITIGROUP INC. VE SABANCI HOLDING, CITIGROUP`UN HISSELERINI UCUNCU KISILERE SATABILMESI ICIN, YUKARIDA BAHSI GECEN SATIS YASAGININ SURESINDEN ONCE SONA ERDIRILMESINE KARAR VERMISLERDIR.

BOYLECE TARAFLAR ARASINDA 19 SUBAT 2015 TARIHINDE YAPILAN ANLASMA ILE;

- SABANCI HOLDING, CITIGROUP INC., CITIBANK OVERSEAS INVESTMENT CORPORATION VE (SINIRLI KONULAR ILE ILGILI OLMAK UZERE) BANKAMIZ`IN TARAF OLDUGU 17 EKIM 2006 TARIHLI HISSEDARLAR SOZLESMESI (`HISSEDARLAR SOZLESMESI`) UYARINCA, SABANCI HOLDING`IN CITIGROUP`UN HISSE DEVIRLERINE ILISKIN OLARAK SAHIP OLDUGU ONCELIKLI TEKLIF VERME HAKKI (RIGHT OF FIRST OFFER) ILE ONALIM HAKKI`NDAN (RIGHT OF FIRST REFUSAL) VE
- SABANCI HOLDING, CITIGROUP INC. VE CITIBANK OVERSEAS INVESTMENT CORPORATION`IN TARAF OLDUGU 30 NISAN 2012 TARIHLI MEKTUPTA MUTABIK KALINMIS OLAN CITIGROUP INC.`IN BANKAMIZDA DOLAYLI OLARAK SAHIBI OLMAYA DEVAM EDECEGI YAKLASIK %9.9 ORANINDA HISSENIN, SINIRLI SAYIDAKI BIR TAKIM ISTISNA HALLERI DISINDA, 3 YIL SURE ILE UCUNCU KISILERE SATILAMAYACAGI SARTINDAN

YUKARIDA TANIMLANAN HISSE SATIS ISLEMI ILE SINIRLI OLMAK SARTIYLA 31 MART 2015 TARIHINE KADAR GECERLI OLACAK SEKILDE FERAGAT EDILMISTIR.

AYRICA HISSE SATIS ISLEMININ TAMAMLANMASINDAN SONRAKI 180 GUN SURESINCE SABANCI HOLDING`IN HALIHAZIRDA SAHIBI OLDUGU BANKAMIZ HISSELERINI 3. KISILERE DEVRETMEYECEGI KONUSUNDA DA ANLASILMISTIR.

BAHSEDILEN HISSE SATISLARI NETICESINDE CITIGROUP`UN BANKAMIZ`DAKI HISSEDARLIK ORANININ %3`UN ALTINA DUSMESI HALINDE HISSEDARLAR SOZLESMESI KENDILIGINDEN FESHOLACAKTIR.

ISBU ACIKLAMAMIZ ILE KAMUYA DUYURULAN SOZ KONUSU HUSUSLARIN KAMUYA ACIKLANMASI, SABANCI HOLDING VE BANKAMIZ TARAFINDAN ALINAN 19 SUBAT 2015 TARIHLI BIR KARAR ILE ERTELENMISTIR.

SOZ KONUSU ERTELEME KARARI, CITIGROUP`UN BANKAMIZ SERMAYESINDE SAHIP OLDUGU HISSELERIN TAMAMININ YUKARIDA ANILAN HIZLANDIRILMIS TALEP TOPLAMA YONTEMI ILE SATILMASI HUSUSUNDA BIR NIYET OLMAKLA BIRLIKTE BU ISLEMIN GERCEKLESMESI PIYASA KOSULLARININ ELVERISLI OLUP OLMAMASINA BAGLI OLMASI, DOLAYISIYLA ISLEMIN GERCEKLESIP GERCEKLESMEMESININ HENUZ BELIRSIZ OLMASI, ZAMANLAMASININ BELLI OLMAMASI NEDENIYLE, KAMUYA ACIKLAMA YAPILMASI HALINDE YATIRIMCILARDA YANILGI OLUSMAMASI, SPEKULATIF ISLEMLERE YOL ACILMAMASI, BANKAMIZ HISSELERINDE GERCEK DEGERINDEN UZAKLASAN FIYAT HAREKETLERI OLUSMAMASI, SONUCTA, HISSE SENEDI VE BONO YATIRIMCILARIMIZIN MESRU MENFAATLERININ KORUNMASI AMACIYLA ALINMISTIR.


ACIKLAMANIN INGILIZCE VERSIYONUNA ASAGIDA YER VERILMEKTEDIR./ ENGLISH VERSION OF THE DISCLOSURE IS STATED BELOW.


RE (A): OUR DISCLOSURE DATED 24 MAY 2012
RE (B): OUR DISCLOSURE DATED 25 MAY 2012
RE (C): OUR DISCLOSURE DATED 17 OCTOBER 2006

AS DISCLOSED IN OUR RELATED DISCLOSURES (A) AND (B);

- INDIRECT SHAREHOLDER OF AKBANK, CITIGROUP INC. (`CITIGROUP`) HAD INFORMED US THAT IT HAD FINALIZED THE SALE OF SHARES CORRESPONDING TO APPROXIMATELY 10.1% OF THE SHARE CAPITAL OF AKBANK THROUGH AN ACCELERATED EQUITY OFFERING (`AEO`)
- IN LINE WITH THE AGREEMENT SIGNED ON 30 APRIL 2012 BETWEEN CITIGROUP, CITIBANK OVERSEAS INVESTMENT CORPORATION, H.O. SABANCI HOLDING A.S. (`SABANCI HOLDING`) AND AKBANK, CITIGROUP COMMITTED TO HOLD THE BALANCE OF ITS 9.9% STRATEGIC STAKE IN AKBANK FOLLOWING ITS SALE FOR A THREE YEARS LOCK-UP PERIOD SUBJECT TO LIMITED EXCLUSIONS AND ACCEPTED THAT CERTAIN RIGHTS UNDER THE SHAREHOLDERS` AGREEMENT DISCLOSED UNDER OUR DISCLOSURE (C) ABOVE WILL TERMINATE, EXCEPT FOR SABANCI HOLDING`S RIGHT OF FIRST REFUSAL AND RIGHT OF FIRST OFFER IN CONNECTION WITH ANY SALE OF REMAINING AKBANK SHARES BY CITIGROUP TO THIRD PARTIES.

AS PART OF ITS DECISION AND ONGOING CAPITAL PLANNING EFFORTS TO FOCUS ON ITS KEY BUSINESSES AND DISPOSAL OF COMPANIES WHERE CITIGROUP HAS A MINORITY STAKE, CITIGROUP INC. HAS INFORMED OUR BANK ON ITS DECISION TO SELL 9.9%, EQUIVALENT TO APPROXIMATELY 396,000,000 OF AKBANK T.A.S. SHARES, THROUGH AN ACCELERATED EQUITY OFFERING TO A LARGE NUMBER OF POTENTIAL BUYERS WHICH ARE NOT PRE-SPECIFIED.

IN THIS CONTEXT, WITH THE GENERAL IMPROVEMENT IN GLOBAL EQUITY CAPITAL MARKETS AND CONSISTENT WITH CITIGROUP`S FOCUS ON CORE BUSINESSES AND MAXIMIZING RETURNS ON CAPITAL, CITIGROUP INC. AND SABANCI HOLDING HAVE DECIDED TO LIFT THE ABOVE MENTIONED RESTRICTION ON SALE OF CITIGROUP`S SHAREHOLDING TO THIRD PARTIES, BEFORE THE EXPIRATION OF THE LOCK-UP PERIOD.

IN LINE WITH THE AGREEMENT BETWEEN PARTIES DATED 19TH FEBRUARY 2015 AND WITHIN THE CONTEXT AND LIMITED TO THE ABOVE MENTIONED TRANSACTION, UNTIL 31ST MARCH 2015;

- SABANCI HOLDING WAIVES ITS RIGHTS RELATING TO RIGHT OF FIRST REFUSAL AND RIGHT OF FIRST OFFER AS PER THE AGREEMENT SIGNED ON 17 OCTOBER 2006 (SHAREHOLDERS AGREEMENT) IN WHICH SABANCI HOLDING, CITIGROUP INC. AND CITIBANK OVERSEAS INVESTMENT CORPORATION AND OUR BANK (WITH LIMITATION TO CERTAIN SUBJECTS) HAS BEEN A PARTY TO,
AND AGAIN WITH THE SAME AGREEMENT

- WAIVES THE 3 YEAR LOCK-UP PERIOD IN THE LETTER AGREEMENT DATED 30TH APRIL 2012 WHERE SABANCI HOLDING, CITIGROUP INC. AND CITIBANK OVERSEAS INVESTMENT CORPORATION HAD DECIDED REGARDING THE INDIRECT 9.9% SHAREHOLDING OF CITIGROUP`S AKBANK SHAREHOLDING, SUBJECT TO LIMITED EXCLUSIONS.
BESIDES, SABANCI HOLDING HAS AGREED NOT TO TRANSFER ANY OF ITS SHARES IN AKBANK FOR 180 DAYS AFTER THE COMPLETION OF THE SALES TRANSACTION.

UPON COMPLETION OF THE PROPOSED SALE, IF IT RESULTS IN A REDUCTION IN CITIGROUPS`S SHARE OWNERSHIP TO BELOW 3% OF THE SHARE CAPITAL OF AKBANK, THE SHAREHOLDERS AGREEMENT WILL TERMINATE.

THE ABOVE DISCLOSURE IS A POSTPONED ANNOUNCEMENT. AKBANK AND SABANCI HOLDING HAVE DECIDED TO POSTPONE THE ABOVE DISCLOSURE THROUGH A DECISION TAKEN ON 19TH FEBRUARY 2015. THE REASON FOR THE POSTPONEMENT IS EXPLAINED BELOW:

ALTHOUGH CITIGROUP MADE A DECISION TO INITIATE AN AEO PROCESS TO REDUCE ITS SHAREHOLDING IN AKBANK, THERE WAS UNCERTAINTY AS TO WHETHER THE AEO WOULD BE REALIZED DUE TO GENERAL MARKET CONDITIONS AND THEREFORE UNCERTAINTY REGARDING THE REALIZATION OF THE TRANSACTION, THE UNCERTAINTY OF ITS TIMING, THE FACT THAT MAKING SUCH AN ANNOUNCEMENT UNDER SUCH UNCERTAINTY WOULD BE MISLEADING THE INVESTORS AND WOULD LEAD TO SPECULATIVE MOVES, AND PRICE VOLATILITY IN OUR SHARES AND IN ORDER TO PROTECT THE LEGITIMATE RIGHT

IN CASE OF CONTRADICTION BETWEEN THE TURKISH AND ENGLISH VERSIONS OF THIS PUBLIC DISCLOSURE, THE TURKISH VERSION SHALL PREVAIL.


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