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THIRD QUARTER OF 2016November 2, 2016

TURKCELL GROUP

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Business Overview

AGENDA

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2 Financial Overview

3 Q&A

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This presentation may contain statements that are forward looking. These statements arebased 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 thispresentation, in our press release, in the Risk Factors section of Turkcell’s most recent Form20-F, or in other reports and filings with the US Securities and Exchange Commission. Weundertake no duty to update or revise any forward looking statements, whether as a resultof new information, future events or otherwise.

Please note that non-financial data is unconsolidated unless otherwise specified.

NOTICE

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BUSINESS OVERVIEW

Kaan TerzioğluTurkcell CEO

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10,242 8.6%

3,248 5.4%

31.7% (1.0pp)

1,822 4.8%

1,141 (23.1%)

21.5% 3.3pp

ConsolidatedTRY Million1

Revenue 3,658 8.8%

EBITDA 1,218 4.9%EBITDA Margin 33.3% (1.2pp)Net Income- Proforma2 705 4.2%

Net Income- IFRS 163 (74.2%)

Op.Capex/Sales3 18.6% 1.5pp

9 MONTHS

9M 2016 Growth YoY %

1 TRY figures are based on IFRS TRY figures2 Net Income excluding FX gain / (loss) (including tax and minority impact), interest Income of Turkcell Iletisim Hizmetleri, interest expense on loans and borrowings, share of profit of equity accounted investees (Fintur), 4.5G license amortization and one-off items..3 Excluding licence fees

QUARTER

Growth YoY %Q3 2016

TURKCELL GROUP

FINANCIAL HIGHLIGHTS

• Excluding the impact of free emergency communication packages revenue growth would be 10.4% yoy and

EBITDA margin would be 34.4% in Q316

• 2016 guidance maintained

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TRY Million1

Revenue 3,276 7.9%

EBITDA 1,095 3.2%

EBITDA Margin 33.4% (1.5pp)

Net Income- Proforma2 662 1.9%

Net Income- IFRS 145 (76.0%)

XXX

9,211 8.6%

2,934 4.7%

31.9% (1.2pp)

1,735 1.6%

1,094 (44.4%)

9 MONTHS

9M 2016 Growth YoY %

QUARTER

Growth YoY %Q3 2016

TURKCELL TURKEY

FINANCIAL HIGHLIGHTS

• Excluding the impact of free emergency communication packages provided revenue growth would be 9.7% yoy and EBITDA margin of 34.7% in Q316

1 TRY figures are based on IFRS TRY figures2 Net Income excluding FX gain / (loss) (including tax and minority impact), interest Income of Turkcell Iletisim Hizmetleri, interest expense on loans and borrowings, share of profit of equity accounted investees (Fintur), 4.5G license amortization and one-off items.

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Excluding the impact of free emergency package

TURKCELLINTERNATIONAL

4%OTHER BUSINESSES

6%

TURKCELL TURKEY

90%

69.9%YoY

Q316 Revenue Growth

5.2%YoY

7.9%YoY

% in TurkcellGroup

Q316 Revenue Growth

TURKCELL GROUP

SOLID GROWTH

6,4%7,5%

8,3% 8,6%8,8%

10,4%

34,5%

31,7% 31,1% 30,7%

33,3%34,4%

Q315 Q415 Q116 Q216 Q316 Q316

YoY Revenue Growth EBITDA Margin

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177248 273

Q315 Q216 Q316

727886

1,430

Q315 Q216 Q316

72%14%

14%

Mobile Broadband

Fixed Broadband

Services&solutions

Total

TRY 2 bn

76.5%

Mobile Broadband

Services & Solutions

Fixed Broadband

213 255269

Q315 Q216 Q316

27%YoY

54%YoY

97%YoY

TRY Million

TURKCELL TURKEY

GROWTH DRIVERS

YoY

9

47,4 48,751,6

22,5 24,5 27,9

2014 2015 Q316

Fixed Residential Mobile

28.4

6.9%

YoY

ARPU (TRY)

TURKCELL TURKEY

OPERATIONAL PERFORMANCEMOBILE

32.8mnTotal subscribers

YoY Postpaid Net Add

897K8.8%*

5.1%YoY

QoQ Net Add

179K

1.7mnTotal subscribers

58%Share of fiber

296KYoY Fixed Sub. Net Add

FIXED

*Excluding the impact of free emergency communication packages

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TURKCELL TURKEY

SMARTPHONE TRENDS

15,2 16,1 16,617,5 18,5

49% 52%55%

60% 62%

Q315 Q415 Q116 Q216 Q316

Smartphone (million) Penetration

1,6 1,7 1,82,3 2,6

4,3 4,3

Q315 Q415 Q116 Q216 Q316

Total Users 4.5G Users

DATA USAGE (GB/USER)

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29%30%

32%

42%38%

34%

30%

33% 34%

Q116 Q216 Q316

Single Play Double Play Multiplay with TV

36% 33%28%

43% 43% 44%

21% 24%28%

Q116 Q216 Q316Single Play Double Play Triple Play

Mobile Fiber ResidentialSubscriber Breakdown* Subscriber Breakdown

*Breakdown among mobile voice users which excludes subscribers who do not use their line in the last 3 months. Mobile multiplay users revised to include «My account» users

4ppQoQ

1ppQoQ

TURKCELL TURKEY

MULTIPLAY

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INSTANT MESSAGING

10.3 M downloads

MUSIC

7.4 M downloads

MOBILE TURKCELL TV+

2.3 M downloads

MY ACCOUNT

9.3 M downloads

SPORTS

2.7 M downloads

PERSONAL CLOUD

3.4 M downloads

DIGITAL PUBLISHING

630K downloads

TURKCELL ACADEMY

1.1 M downloads

TURKCELL GROUP

GROWTH IN CORE SERVICES

Data as of October 2016

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Mobile and IP TV

• Exclusive mobile broadcaster of EPL

• Turkcell users mobile TV watching duration increased to 27 minutes from 7 minutes

(Thousand)

TURKCELL GROUP

TV HIGHLIGHTS

171

303 323

171

480

665

Q315 Q216 Q316

IP TV Mobile TV

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TURKCELL GROUP

GAMING PLATFORM

• Launched on September 26th

• Approx. 2000 games in platform

• Installments via mobile payment

• eSport tournaments

• 30 million players

• 18 million paid subscribers

• 2 billion TL market size

• Average user spending 110 TRY

GAMECELL

Turkey Market Dynamics*

* Source: Newzoo, June 2016

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TURKCELL GROUP

SYRIAN CUSTOMERS

• Turkcell serves

• more than 1.2 million Syrian customers

• 70% market share

• Hello Hope, the mobile app, is a global pioneer.

•Helps Syrians integrate with Turkish language

• Turkish-Arabic instant speech translation

•Arabic speaking call center

• Critical and practical information such as health,

nearest service points, etc. 100K active usersin one month

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TRY MILLION1

Revenue 222 (5.2%) 623 1.5%

EBITDA 60 (13.1%) 167 (6.3%)

EBITDA

Margin27.2% (2.4pp) 26.8% (1.4pp)

9M 2016Q3 2016YoY Growth YoY Growth

TURKCELL GROUP

TURKCELL INTERNATIONAL

HIGLIGHTS

lifecell

Revenue Growth YoYin UAH

EBITDA Margin

BeST

KKTCELL

Revenue Growth YoYin BYR

EBITDA Margin

Revenue Growth YoYin TRY

EBITDA Margin

26.9%4.7%

4.6%11.0%

40.1%2.7%1 TRY figures are based on IFRS TRY figures

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FINANCIAL OVERVIEWBülent AksuTurkcell CFO

NOTICE:

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

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

The figures used in this presentation are rounded while percentage changes are calculated based on the figures disclosed in the Q3 2016 result announcement press release.

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3.364

3,658241

(12)62 4

RevenueQ315

Δ TurkcellTurkey

Δ TurkcellInternational

ΔTCF* Δ OtherSubsidiaries

RevenueQ316

TRY MillionREVENUE

TURKCELL GROUP

REVENUE & EBITDA DEVELOPMENT

1.161 1.218

295 (235) (9)6

EBITDAQ315

Δ Revenues Δ Directcost of

revenues**

Δ G&Aexp.

Δ S&Mexp.

EBITDAQ316

TRY MillionEBITDA

* Turkcell Consumer Finance Company ** Excluding depreciation & amortization

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705

163

(193)

(39)(138)

(81)(48)

(43)

Q316 ProformaNet Income

FX Impact(tax&minority

incl.)

Net InterestIncome/Expense

Provision for taxamnesty

4.5G LicenceAmortization

Expense

EmergencyCommunication

Packages

Other one-offImpacts*

Q316 IFRS NetIncome

TURKCELL GROUP

NET INCOMETRY Million

Proforma net income is the net Income excluding FX gain / (loss) (including tax and minority impact), interest Income of Turkcell Iletisim Hizmetleri, interest expense on loans and borrowings, share of profit of equity accounted investees (Fintur), 4.5G license amortization and one-off items.* Other one off impacts includes minority profit/loss, fixed asset impairments and other impacts

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TRY Million Q3 2015 Q2 2016 Q3 2016

Total Cash 3,902 3,769 5,646

Total Assets 20,579 28,595 30,230

Total Debt 3,467 7,307 8,132

Net Debt (436) 3,538 2,485

Total Equity 13,798 15,350 15,445

SUMMARY BALANCE SHEET

3.769

5.6461.218 (743)

75 518809

Q216 EBITDA Capex* Netinterestincome

Netchangein debt

Other Q316

CASH DEVELOPMENT

* Including operational and non-operational CAPEX

TURKCELL GROUP

BALANCE SHEET Other cash flow items (TRY mn) Q316 Advances given for fixed asset 210Prepaid expense 168

Other working capital 431

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79%

21%

FX Local Currency

82%

18%

NET DEBT/EBITDA

(5,334)

1,295 1.506

3.5382.485

(1.4x)

0,3x 0.4x

0,8x0,6x

2014 2015 Q116 Q216 Q316

Net Debt (TRY mn) Net Debt/EBITDA

Turkcell Turkey

~30%

~70%

TURKCELL GROUP

BALANCE SHEET

CASH DEBT CAPEXTurkcell GroupTurkcell Group

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TURKCELL GROUP

HEDGING STRATEGY

51% of debt hedged against potential FX volatility

• 250 million USD participating cross currency

swap in Q3 2016

• Approx. EUR 500 million and USD 250 million

debt was hedged

• As of Q316, net FX short position reduced to

0.7 bn USD compared to 2.0 bn USD as of Q415

(1.979) (1.987)

(1.239)

(688)

Q415 Q116 Q216 Q316

NET FX POSITION (million USD)

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For further information please e-mail

investor.relations@turkcell.com.tror call Turkcell Investor Relations at

(+90 212 313 1888)

Have you downloaded Turkcell IR app?

THANK YOU

For Android For iOS

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APPENDIX

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Summary Income Statement As Per CMB1 Financials

1 Capital Markets Board of Turkey2 Depreciation and amortization is included

Summary income statement Q3 2015 Q2 2016 Q3 2016 YoY (%) QoQ (%)

Revenue 3,364 3,358 3,658 9% 9%

Direct Cost of Revenues2 (1,987) (2,236) (2,356) 19% 5%

S&M (474) (483) (468) (1%) (3%)

G&A (168) (176) (177) 5% 1%

EBITDA 1,161 1,029 1,218 5% 18%

EBITDA Margin 34.5% 30.7% 33.3% (1.2pp) 2.6pp

Net Income 631 416 182 (71%) (56%)

(TRY MILLION)

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Consolidated Balance Sheet

Consolidated Balance Sheet Q3 2015 Q2 2016 Q3 2016 YoY (%) QoQ (%)

Cash & Bank 3,902 3,769 5,646 45% 50%

CURRENT ASSETS 9,188 9,952 11,649 27% 17%

Fixed Assets, Net 9,401 15,652 15,815 68% 1%

Other Long Term Assets 1,990 2,991 2,766 39% (8%)

TOTAL NON-CURRENT ASSETS 11,391 18,643 18,581 63% (0%)

TOTAL ASSETS 20,579 28,595 30,230 47% 6%

S/T Debt 2,884 1,098 1,686 (42%) 54%

TOTAL CURRENT LIABILITIES 5,374 6,103 7,333 36% 20%

L/T Debt 582 6,209 6,445 1007% 4%

TOTAL NON-CURRENT LIABILITIES 1,407 7,142 7,452 430% 4%

MINORITY INTEREST 73 42 43 (41%) 2%

Share Capital 2,200 2,200 2,200 - -

TOTAL EQUITY 13,798 15,350 15,445 12% 1%

TOTAL EQUITY AND LIABILITIES 20,579 28,595 30,230 47% 6%

(TRY MILLION)

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2,54 2,903,02 3,31

2,94 2,823,18 3,36

2013 2014 2015 Q316

Average Period-End

Currency TrendsUSD / TRY EUR / TRY

USD / BYR USD / UAH

1,91 2,192,73 2,97

2,13 2,322,91 3,00

2013 2014 2015 Q316

0,89 1,03 1,591,97

0,95 1,191,86 1,93

2013 2014 2015 Q316

7,99 11,87

21,79 25,287,9915,77

24,00 25,91

2013 2014 2015 Q316