RNS Number:3003R
Turk Ekonomi Bankasi A.S.
24 October 2003


Name of the Company        :   Turk Ekonomi Bankasi A.S. (TEB)
Address                    :   Meclisi Mebusan Caddesi, 35 80040 Findikli/Istanbul
Telephone                  :   +90-212-251 21 21
Fax                        :   +90-212-249 65 68





                                                      Istanbul, October 24, 2003









TEB Portfoy Yonetimi A.S., which is our affiliate, and ABN AMRO Portfoy Yonetimi
A.S. have applied, at October 24, 2003, to Capital Markets Board for permission
of merger transactions and we have been notified about the state of affairs as
of the same date.







We hereby declare that the foregoing explanation is in accordance with the
principles set forth in the Regulation Series VIII, No. 39 of the CMB; that it
reflects all information we have received in connection with this matter, that
the information is in accordance with our books and records, that we have spent
all required efforts to obtain accurate and complete information regarding this
matter and that we are responsible for this explanation.










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