TURKCELL SECOND QUARTER OF 2013

August 23, 2013

This presentation may contain statements that are forward looking. These statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially due to factors discussed in this presentation, in our press release, in the Risk Factors section of Turkcell’s most recent Form 20-F or in other reports and filings with the US Securities and Exchange Commission. We undertake no duty to update or revise any forward looking statements, whether as a result of new information, future events or otherwise. Please note that all financial data are consolidated whereas non-financial data are unconsolidated unless otherwise specified.

NOTICE

2

BUSINESS OVERVIEW

Süreyya Ciliv Turkcell CEO

TRY MILLION1 Q2 2012 Q2 2013 Growth YoY %

H1 2012 H1 2013 Growth YoY %

Revenue 2,565 2,855 11% 4,947 5,544 12%

EBITDA2 779 869 12% 1,482 1,677 13%

EBITDA Margin 30.4% 30.4% - 30.0% 30.2% 0.2pp

EBIT 436 502 15% 805 950 18%

Net Income 534 556 4% 1,049 1,122 7%

TURKCELL GROUP: FINANCIAL HIGHLIGHTS

4

QUARTER

HIGHLIGHTS OF THE SECOND QUARTER

1 TRY figures are based on IFRS TRY figures 2 EBITDA is a non-GAAP financial measure. Please refer to the press release for the reconciliation of EBITDA to net cash from operating activities.

• Double-digit revenue, EBITDA and EBIT growth continued year-on-year led by Turkcell Turkey and subsidiaries

• Highest quarterly and first half revenue ever

HALF YEAR

5

TRY MILLION1 TURKCELL TURKEY

TURKCELL SUPERONLINE

ASTELIT

Revenue 2,318 8% 223 37% 207 16%

EBITDA 698 9% 58 78% 66 22%

EBITDA Margin 30.1% 0.2pp 26.1% 6.0pp 31.8% 1.5pp

EBIT 459 11% 13 331% 11 185%

% of Group Revenues 81% 8% 7%

Q2 20132

TURKCELL GROUP: IMPROVEMENT IN MAJOR BUSINESS LINES

1 TRY figures are based on IFRS TRY figures 2 Standalone figures, does not include consolidation eliminations * Other revenue and EBITDA were TRY107 million and TRY47 million

YoY % YoY % YoY %

6

TURKCELL GROUP: KEY REVENUE GROWTH DRIVERS

1 Voice revenues include other revenues which totals less than 2% of Turkcell Turkey

• Voice1

• Mobile Broadband

Subsidiaries

↑4%

↑42%

↑29%

Turkcell Turkey

Turkcell Group ↑11%

Q2 2013 (YoY GROWTH)

TURKEY: REGULATION &COMPETITION

7

• Major regulatory decisions effective from H213

- Increase in minimum on-net voice & SMS price of Turkcell

- Decrease in voice and SMS MTRs

TRY kurus Before Current Change

Minimum onnet voice price 3.13 4.28 37%

Minimum onnet SMS price - 0.73 -

Voice MTR 3.13 2.50 (20%)

SMS MTR 1.70 0.43 (75%)

Turkcell to be adversely impacted by the regulatory changes

REGULATION COMPETITION

• Volatile pricing environment continued to prevail

- Competitors continued to

- push for lower prices

- high incentives through bundled packages

Turkcell continues to differentiate through innovation & operational

excellence

TURKCELL TURKEY: LEADING TECHNOLOGY THROUGH INNOVATION

*The test was carried out with the permission of the ICTA 8

RECORD 4G SPEED NEW TURKCELL SMARTPHONE T40

• Turkey’s first domestic smartphone (designed by Turkcell Technology) to be introduced to market in September

• Android 4.1 operating system

• NFC enabled

• Turkcell reached 891.6 mbps speed at

LTE Advanced (4G) data speed test *

9

TURKCELL TURKEY: LEADING TECHNOLOGY THROUGH INNOVATION

URFAKART

MOBILE TICKET

SMS+

SMARTMAP

MOBILE FAX

SMART VEHICLE

CONSUMER CORPORATE

9

Fax documents thru mobile

Manage your fleet with real-time reports

First in Turkey; analyze, locate and target your

customer

Pay with your mobile

First in Turkey; directing, blocking,

archiving SMS

First in FIFA history; buy tickets and enter games thru mobile

NEW PRODUCTS & SERVICES LAUNCHED IN THE FIRST HALF

ARPU (TRY) Q2 2012 Q2 2013 Growth YoY %

Postpaid 37.7 37.9 0.5%

Prepaid 11.3 12.2 8.0% 67%

33%

13.8

20.9

Postpaid Prepaid

TURKCELL TURKEY: OPERATIONAL IMPROVEMENT THROUGH VALUE FOCUS

SUBSCRIBER BLENDED ARPU & MoU

20.7 22.3

250

269

2Q12 2Q13

ARPU (TRY) MoU (min)

↑8%

in ARPU YoY

10

SHARE IN REVENUES (Q213)

Postpaid net add

↑293K in Q213

Total: 34.7

million

Postpaid share

↑2pp YoY

MILLION

Total subscriber

↓191K in Q213

TURKCELL TURKEY: SOLID DATA GROWTH CONTINUED

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SMARTPHONES

MILLION

MOBILE BROADBAND

60

107

166

240

340

3% 5%

8%

11%

15%

Q209 Q210 Q211 Q212 Q213

Revenue % in Turkcell Turkey

TRY MILLION

• Total mobile broadband & service revenues

reached TRY653 million; 28% of the Turkcell Turkey total

4.8 6.9 7.6

15%

22% 24%

Q212 Q113 Q213

Number of Smartphones Penetration

↑620K QoQ

Revenue

↑6X since 3G

↑42% YoY

Note: Smartphone numbers are calculated based on GFK’s definition (i.e. terminals with open operating system and hard/soft qwerty keyboard)

TURKCELL SUPERONLINE: CONTINUED FIBER INVESTMENTS

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• 32,000 km of fiber network

• The only operator providing 1000 Mbps residential service in Turkey

• Synergies with Turkcell: Total telecom solutions strategy

1.5 million ~500K

FTTH SUBSCRIBERS HOMEPASS

TOTAL HOUSEHOLDS IN TURKEY

18 MILLION

2,9 Mbps

25 Mbps

1000 Mbps

Turkey Avg internet speed

FIBER = BROADBAND

= SPEED

Turkcell Superonline’s fiber broadband speed

SUBSCRIBER & HOMEPASS

to

TURKCELL SUPERONLINE

UKRAINE: SOLID OPERATIONAL PERFORMANCE

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SMARTPHONE & DATA OPERATIONAL FIGURES

7.4 8.2 8.6

4.6 4.1 4.5

Q212 Q113 Q213

Subscribers (million) ARPU ($)

SUBSCRIBER & ARPU TREND (3-MONTH ACTIVE)

• Regional marketing approach focusing more on value

• Simple, clear voice and data offerings

• Strong subscriber growth in all regions

13%

17% 20%

8% 10%

12%

2011 2012 H113

Smartphone penetration Mobile bb / Total revenues

Note: Smartphone penetration is calculated based on 3-month active subscribers and a smartphone is defined as a terminal with open operating system and hard/soft qwerty keyboard

FINANCIAL OVERVIEW

Murat Erden Turkcell Acting CFO

NOTICE:

Please note that all financial data are consolidated whereas non-financial data are unconsolidated unless otherwise specified.

EBITDA is a non-GAAP financial measure. Please refer to the press release for the reconciliation of EBITDA to net cash from operating activities.

All non-financial data are unconsolidated, prepared in accordance with IFRS and expressed in US$ and/or TRY.

The figures used in this presentation are rounded while percentage changes are calculated based on the figures disclosed in the Q2 2013 result announcement press release.

30.4% 30.4%

(1.3pp) 0.2pp 1.1pp

EBITDAQ212

Δ in Direct cost

of revenues*

Δ in G&A exp.

Δ in S&M exp.

EBITDAQ213

2,279

2,565

2,855

Q211 Q212 Q213

TURKCELL GROUP: REVENUE & EBITDA MARGIN

15

11% yoy

13% yoy

Δ in interconnect

(1.3pp)

REVENUE EBITDA MARGIN

TRY MILLION %

*Excluding depreciation and amortization

2% yoy

534

556

67

4 (6) 30 (19)

(23)

(31)

Net incomeQ212

Δ in EBIT Δ in Interest Inc./Exp.

Δ in Equity in

Net Inc./Loss

Δ in FX Gain/Loss

Δ in Monetary Gain/Loss

Δ in Taxation Δ in Other Net incomeQ213

Q213 vs. Q212 YoY ↑ 4%

TURKCELL GROUP: NET INCOME

16

∆ in EBITDA 90 ∆ in D&A (24)

∆ in interest income (9) ∆ in interest expense 13

TRY MILLION

6,611 7,003

869 (355)

127 (83) (166)

Q113 EBITDA Capex* Net interestincome

Net changein debt

Other cash flowitems

Q213

Corporate tax payment of Turkcell Turkey (120) Working capital (46)

TURKCELL GROUP: BALANCE SHEET & NET CASH DEVELOPMENT

TRY million Q2 2012 Q1 2013 Q2 2013

Total Cash 6,041 6,611 7,003

Total Assets 17,366 18,863 19,554

Total Debt 3,129 3,015 3,120

Net Cash 2,913 3,596 3,883

Total Equity 11,814 13,284 13,777

BALANCE SHEET HIGHLIGHTS

17 * Including operational and non-operational capex

NET CASH DEVELOPMENT

18

THANK YOU For further information please e-mail

investor.relations@turkcell.com.tr or call Turkcell Investor Relations at

(+90 212 313 1888)

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APPENDIX

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SUMMARY INCOME STATEMENT AS PER CMB1 FINANCIALS

1 Capital Markets Board of Turkey 2 Depreciation and amortization is included

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Summary income statement Q2 2012 Q1 2013 Q2 2013 YoY (%) QoQ (%)

Revenue 2,565.1 2,688.4 2,855.2 11% 6%

Direct Cost of Revenues2 (1,570.3) (1,685.7) (1,769.8) 13% 5%

S&M (434.3) (425.0) (452.5) 4% 6%

G&A (122.6) (129.0) (128.9) 5% -

EBITDA 779.0 807.6 869.2 12% 8%

EBITDA Margin 30.4% 30.0% 30.4% - 0.4pp

Net Income 535.8 566.9 558.1 4% (2%)

(TRY MILLION)

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SUMMARY INCOME STATEMENT AS PER IFRS FINANCIALS

1 Depreciation and amortization is included

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Summary income statement Q2 2012 Q1 2013 Q2 2013 YoY (%) QoQ (%)

Revenue 1,431.2 1,504.5 1,547.9 8% 3%

Direct Cost of Revenues1 (876.9) (944.2) (959.3) 9% 2%

S&M (242.7) (237.7) (245.5) 1% 3%

G&A (68.4) (72.1) (69.8) 2% (3%)

EBITDA 434.3 452.1 471.5 9% 4%

EBITDA Margin 30.3% 30.0% 30.5% 0.2pp 0.4pp

Net Income 297.4 316.5 302.3 2% (4%)

($ MILLION)

CONSOLIDATED BALANCE SHEET ($ MILLION)

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Consolidated Balance Sheet ($ mn) Q2 2012 Q1 2013 Q2 2013 YoY (%) QoQ (%)

Cash & Bank 3,344 3,655 3,638 9% (0%)

CURRENT ASSETS 4,771 5,477 5,472 15% (0%)

Fixed Assets, Net 4,063 4,223 3,999 (2%) (5%)

Other Long Term Assets 778 729 688 (12%) (6%)

TOTAL NON-CURRENT ASSETS 4,841 4,952 4,686 (3%) (5%)

TOTAL ASSETS 9,613 10,429 10,159 6% (3%)

S/T Debt 1,348 892 841 (38%) (6%)

TOTAL CURRENT LIABILITIES 2,428 1,958 1,875 (23%) (4%)

L/T Debt 385 775 780 103% 1%

TOTAL NON-CURRENT LIABILITIES 645 1,126 1,126 75% 0%

MINORITY INTEREST (74) (81) (84) 14% 4%

Share Capital 1,636 1,636 1,636 0% 0%

TOTAL EQUITY 6,539 7,345 7,158 9% (3%)

TOTAL EQUITY AND LIABILITIES 9,613 10,429 10,159 6% (3%)

2.33 2.31

2.36 2.40 2.44

2.35 2.32

2.51

2011 2012 1Q13 2Q13

Average Period-End

CURRENCY TRENDS

USD / TRY EUR / TRY

USD / BYR USD / UAH

1.67

1.79 1.79 1.84

1.89

1.78 1.81

1.92

2011 2012 1Q13 2Q13

5.038

8.326 8.627 8.687

8.350 8.570 8.670 8.790

2011 2012 1Q13 2Q13

7.97

7.99 7.99 7.99

7.99 7.99 7.99 7.99

2011 2012 1Q13 2Q13

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