RNS Number : 6086E
Commercial Bank of Qatar (Q.S.C.)
19 July 2016
Announcement Regarding Exercise of Put Option at Alternatifbank A.Ş.
Doha 18 July 2016 : The Commercial Bank ("Commercial Bank"), holding
75% shares of Alternatifbank A.Ş, Turkey ("ABank") received a notice from Anadolu Endüstri Holding A.Ş.
("AEH"), to exercise the put option with respect to 192,500,000 registered shares held by AEH in ABank and accounting for
25% of shares in ABank under the Shareholders' Agreement signed with Commercial Bank on 18 July 2013. Share sale value
has been calculated at USD 222.5m as of the date 18 July 2016 based on the base price method specified in the Shareholders'
Agreement and the notice on this matter has been advised to Commercial Bank as of the aforementioned date. Completion of
the transaction and procedures will be subject to regulatory approvals in Qatar and Turkey.
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