RNS Number:6519R
Turk Ekonomi Bankasi A.S.
04 November 2003



The following replaces the "Result of Meeting" announcement released November 3,
2003, 16:14 under RNS number 6144R.

The reason of the replacement is translation mistake.








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, November 3, 2003

In the Board of Directors Meeting of our Bank held at November 3, 2003, it was
unanimously decided to authorize the Bank's management to sign a Participation
Undertaking to participate in and pay for the capital increase for the shares,
amounting to 3,337,500,000,000.- which is the sum of our pre-emptive rights
arising due to being a shareholder of TEB Sigorta A.S., and the pre-emptive
rights that were not utilized by the other shareholders that were assigned to us
by the Board of Directors of TEB Sigorta A.S., in accordance with the decisions
taken at the Extraordinary General Assembly Meeting of our affiliate, TEB
Sigorta A.S. held at October 30, 2003, to increase, in cash, its capital of TL
3,325,000,000,000.- by TL 6,675,000,000,000.- to TL 10,000,000,000,000.-


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.




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

ROMEAAFLESEDFFE