TL saving deposit accounts opened by natural persons at domestic branches of banks based and licensed to accept deposits in Turkey and gold deposit and FX deposit accounts in the form of savings deposit as well as their interest rediscounts are covered by deposit insurance.

Deposits at banks exclusively organized to act as an off-shore bank in Turkey are not covered by deposit insurance.

Sums up to 100,000 Turkish lira of the principal sum in an account of a natural person at a bank plus its rediscounts are covered by the insurance.

Where the interest amount which will be charged by a bank making payments to its depositors out of the Savings Deposit Insurance Fund (the “Fund”) on deposit accounts as of the date on which the license to accept deposits is cancelled exceeds the amounts to be calculated at the average interest rates applicable by those top five banks with the highest deposit amounts as of the said date and the maximum interest rate disclosed by the bank to the public and Turkish Central Bank, such exceeding portion is not covered by the insurance even if those sums may be within the limits set out in the preceding paragraph.

Insurance payments will be made in Turkish lira. Turkish lira equivalent of FX deposit accounts will be calculated at such FX buying rates applicable by Central Bank on the date on which the bank’s license to do banking transactions and accept deposits is cancelled. Turkish lira equivalents of gold deposit accounts will be calculated as per the session closing price at Istanbul Gold Exchange and the FX buying rate applicable by Turkish Central Bank on the date on which the bank’s license to do banking transactions and accept deposits is cancelled.