Under such circumstances which require changes on constituent stocks of the indices based on the public disclosures of the companies, the company should have delivered the statement to the PDP until 16:30 (or 12:00 if a half day) on the business day that precedes the realization date. Otherwise, the relevant change will be made so that it will be effective on the second business day that succeeds the delivery of the statement to PDP.

• Stocks whose trading are halted permanently, stocks whose trading are suspended for more than 5 consecutive trading days except those that are suspended due to additional public offering, stocks which are transferred to the Watchlist Market from their current markets and stocks which are transferred from Lists A or B to List C are excluded from all the indices under which they are covered, to be effective on the date of halt, suspension or transfer. Stocks which are excluded from İMKB 30, İMKB 50, İMKB 100, İMKB 10 Bank and İMKB Dividend 25 indices are replaced with substitute stocks.

• Stocks which are transferred to a market other than the Watchlist Market from their current markets are excluded from the former market index and included in the new market index, effective from the date the transfer takes place. Accordingly, stocks which are excluded from İMKB 30, İMKB 50, İMKB 100, İMKB 10 Bank and İMKB Dividend 25 indices are replaced with substitute stocks.

• Stocks which are excluded from the indices because of the above mentioned reasons (suspension, transfer between markets or between lists) are not included in İMKB 30, İMKB 50, İMKB 100, İMKB 10 Bank and İMKB Dividend 25 indices until the end of the index period in which the stocks are excluded. If the suspended stocks re-start trading or the stocks are re-transferred from List C to Lists A or B in the same index period of exclusion, they are included in all of the other relevant indices, effective on the re-start or re-transfer date.

• Stocks that will trade for the first time are included in all relevant indices other than İMKB 30, İMKB 50, İMKB 100, İMKB 10 Bank, İMKB Dividend and İMKB Dividend 25 indices, as of the first date they start to trade.

• If the market value of the publicly-held portion of the stocks of a company or bank at the date of expiry of public offering is:
- higher than TL 1 billion or 1% of the total market value of shares outstanding in the National Market; and
- higher than the lowest among the market values of shares outstanding of the companies included in İMKB 30 index;
then, effective from the 5th business day they have been traded, they are included in the index in place of the stocks with the lowest market value of shares outstanding in İMKB 30, İMKB 50, and İMKB 100 indices.

• If the market value of the publicly-held portion of the stocks of a bank at the date of expiry of public offering is:
- higher than TL 1 billion or 1% of the total market value of the shares outstanding in the National Market; and
- higher than the lowest among the market values of the shares outstanding of the companies included in İMKB 10 Bank index;
then, effective from the 5th business day they have been traded, they are included in the index in place of the stocks with the lowest market value of shares outstanding in İMKB 10 Bank indices.

• Companies who change their scope of activities in such a way to result in a change of sector will be excluded from their former sector indices and included in new sector indices effective from the first business day of the week that succeeds the one in which the statement regarding the inception of new activities is published on the PDP.

• If a Company included in a İMKB City Index remains outside the scope of the index because of a change in the scope of its activities or it changes the main location where its production/operation/administration takes place, the stocks of the company are excluded from the index and included in the scope of the index which corresponds to its new production/operation/administration premises, effective from the first business day of the week that succeeds the week in which the statement of change is published on the PDP.

• If a Company not included in any of İMKB City Indices becomes eligible for inclusion in İMKB City Indices due to a change in the scope of its activities, the stocks of the company are included in the scope of the corresponding city index, effective from the first business day of the week that succeeds the week in which the statement of the inception of the new operation is published on the PDP.

• If, with regards to the stocks covered by İMKB Corporate Governance Index;
- the new corporate governance rate disclosed in PDP is lower than the minimum rate required,
- the termination of the rating agreement is disclosed in PDP for any reason,
- the exclusion of the rating institution from the “List of Rating Institutions" authorized by the CMB is disclosed in PDP,
- it is disclosed in PDP that the rating institution is no longer independent,
- the rating is not renewed or confirmed until the end of the 1-year term following the award of the rating,
such stocks are excluded from the index effective from the business day succeeding the date the relevant disclosure is announced in PDP or succeeding the date on which the 1-year term expires. After the elimination of the above reasons, if a rating is disclosed to the PDP which is higher than the minimum rate required, the stocks are included in the index effective from the business day that succeeds the date of disclosure.

• In case two or more companies which are included in İMKB 30, İMKB 50, İMKB 100, İMKB 10 Bank or İMKB Dividend 25 indices merge or acquire one another, the stocks of the resulting or surviving company, as the case may be, remain within the index and the vacancies which arise due to the merged/acquired company/companies are completed with substitutes effective from the date of the distribution of the stocks issued as a result of the merger or acquisition.

• If a company whose stocks are included in İMKB 30, İMKB 50, İMKB 100 or İMKB 10 Bank indices acquires or is acquired by a company which is not included in the scope of the index, then the market in which the resulting company will be included is examined. If the resulting company is included in the National Market or Corporate Products Market, it remains within the scope of the index. If it is not included in the National or Corporate Products Market, it is excluded from the index and replaced with substitute stocks, effective from the date of the distribution of the stocks issued as a result of the acquisition.

• If a company whose stocks are included in the scope of İMKB Corporate Governance Index acquires another company or companies, it remains in the scope of the index.

• If a company whose stocks are included in the scope of İMKB Corporate Governance Index is acquired by another company which is not covered by the index, it is excluded from the index effective from the date of the distribution of the stocks issued as a result of the acquisition.

• In case of mergers and acquisitions of companies whose stocks are included in İMKB City Indices, the condition of the new company after the merger or the acquiring company is reevaluated.

• If a company whose stocks are included in İMKB 30, İMKB 50, İMKB 100, İMKB 10 Bank or İMKB Dividend 25 indices spins-off into two or more companies, then the company with the highest market value of shares outstanding amongst the resulting companies remains within the index until the end of the index period, whereas the others are excluded from the index effective from the date the spin-off takes place.

• If a company whose stocks are included in İMKB Dividend and İMKB Dividend 25 Indices acquires or is acquired by a company which is not included in the scope of the index, then the market in which the resulting company will be included is examined. If the resulting company is included in the National Market, Second National Market, or Corporate Products Market, it remains within the scope of the index; if it is not included in the National Market, Second National Market, or Corporate Products Market, it is excluded from the index, effective from the date the distribution of stocks to the shareholders of the acquired company is started. A substitute stock is included in İMKB Dividend 25 Index in place of the excluded stock.