Istanbul Stock Exchange

Istanbul Stock Exchange Markets Re-Named

Istanbul Stock Exchange (ISE) Executive Council decided on July 12 to restructure its Regional Markets (renamed as “Second National Market”) and New Companies Market (renamed as “New Economy Market”). The decision is aimed at:

facilitating fund raising from the capital markets for small and medium sized companies with high growth potential,

increasing the liquidity in these markets and providing an organized and transparent market operating in competitive conditions,

creating a special market for the technology companies active in the fields of telecommunications, information systems, electronics, Internet, computer manufacturing, hardware and software, and media, in consideration of the fast growth and increasing financing need of the technology sector.

With the amendments, the criteria for trading in the Second National Market were annulled. Henceforth, the decision of the ISE Executive Council in consideration of the financial and legal status, activities, and the liquidity potential of the company concerned will be sufficient for the trading of a company, provided that there are no limitations for the circulation of the shares.

With regard to the criteria for trading in the New Economy Market, the decision of the ISE Executive Council will be sufficient.

No amendments were made concerning the National Market and the Watch List Companies Market.

The new market structure will become effective after the technical preparations have been completed and the relevant Communiqués are announced in the ISE Official Daily Bulletin.