TO: Investment Community

FROM : Garanti Bank / Investor Relations

SUBJECT: TRSGRAN61815 ISIN-Redemption of the Debt Instrument

DATE: June 22, 2018

The 368-day maturity discounted bonds, which were issued  upon the approval of the Capital Markets Board dated March 10, 2017 by sale to qualified investors on June 19, 2017 with bookbuilding on June 16, 2017 with TRSGRAN61815 ISIN code and TRY 477,752,739 nominal value, is redeemed today on 22.06.2018.

In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.

We declare that our above statements are in conformity with the principles included in the Board's Communiqué, Serial II Nr.15.1, that it exactly reflects the information we received; that the information complies with our records, books and documents; that we did our best to obtain the correct and complete information relative to this subject and that we are responsible for the declarations made in this regard.

Yours sincerely,

Garanti Bank

Contact Garanti Bank Investor Relations:

Tel: +90 212 318 2352

Fax: +90 212 216 5902

E-mail: investorrelations@garanti.com.tr

www.garantiinvestorrelations.com