Turkcell Wins Award in Euromoney's 2010 Best Managed Companies in Central & Eastern Europe Survey

ISTANBUL, May 7, 2010 /PRNewswire-FirstCall/ -- Turkcell (NYSE:TKC, ISE:TCELL), the leading communications and technology company in Turkey, announced today that it has received the Award for the "Most Convincing and Coherent Business Strategy in the Telecoms - Cellular sector" in the Euromoney Best Managed Companies in CEE - 2010 survey. Furthermore, Turkcell was ranked 3rd in the 'Overall Best Managed Company in CEE' category.

Companies were judged on achievements and developments from April 1st 2009 to March 31st 2010. 214 companies received 1274 individual nominations from 71 market analysts in 22 countries in over 20 sectors in the Euromoney Magazine survey, based on the opinions of market analysts from major banks, research institutes and consulting firms. Respondents were asked to nominate their top three companies for each country or sector they covered, using the criteria:

• Market strength    
• Profitability    
• Growth potential    
• Quality of management    
• Earnings

Quantitative data was combined with Euromoney's established performance criteria.

Turkcell CEO Sureyya Ciliv noted "We are very proud to have received these two awards which recognise the quality of Turkcell's business strategy and of its management team. I congratulate all the Turkcell family and team for their successful work that resulted in this award. I would also like to thank Turkcell's stakeholders and investors who chose Turkcell and helped us to receive this award."

Simon Brady, Managing Director of Euromoney said, "Turkcell frequently ranks impressively in this important poll, and with this year's regional 1st place in the "Telecoms-Cellular" sector it has shown a sustained following from the analyst community."

This Award follows the "Best financial disclosure procedures in Europe" Award which Turkcell received earlier this year at the 2010 Investor Relations Global Rankings Awards.

About Euromoney's Best Managed Companies in Central & Eastern Europe 2010 Survey:

Euromoney's Sixth Annual Emerging Europe Company ranking is based on a survey of market analysts at leading banks and research institutes in the region. Respondents were asked to nominate the top three companies in each of the countries or sectors they covered, bearing in mind market strength, profitability, growth potential and quality of management and earnings.

About Turkcell

Turkcell is the leading communications and technology company in Turkey with 34.3 million postpaid and prepaid customers and a market share of approximately 56% as of March 31, 2010 (Source: Our estimations, operators' and Authority's announcements). Turkcell provides high quality data and voice services to approximately 70% of the Turkish population with its 3G and EDGE technology supported network. Turkcell reported TRY 2.2 billion ($ 1.5 billion) net revenue for the period ended March 31, 2010 and its total assets reached TRY 14.3 billion ($ 9.3 billion) as of March 31, 2010. Turkcell is the only Turkish operator among the global operators to have implemented HSDPA+ and has become one of the first operators in the world to reach to 42.2 Mbps speed with its 3G network, as of March 5th 2010. Turkcell is a leading regional player and has interests in international mobile operations in Azerbaijan, Belarus, Georgia, Kazakhstan, Moldova, Northern Cyprus and Ukraine which, together with its Turkish operations, had approximately 62 million subscribers as of March 31, 2010. Turkcell has been listed on the NYSE and the ISE since July 2000 and is the only NYSE-listed company in Turkey and is among the top 15% companies listed on NYSE by its size. 51.00% of Turkcell's share capital is held by Turkcell Holding, 0.05% by Cukurova Group, 13.07% by Sonera Holding, 2.32% by M.V. Group and 0.08% by others while the remaining 33.48% is free float. Read more at http://www.turkcell.com.tr/en

    For further information please contact Turkcell
    Nihat Narin, Investor and International Media Relations
    Tel: +90-212-313-1244
    Email: [email protected] 
    [email protected] 
    http://www.turkcell.com.tr 

SOURCE Turkcell

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