September 2019 CPI (Consumer Price Index) – Yi-PPI (Producer Price Index Domestic) Ratio was determined by the Turkey Statistical Institute.

Pursuant to Article 344 of the Turkish Code of Obligations; if no agreement has been reached by the parties, the rent value shall be determined provided that the rate of change does not exceed the twelve-month averages in the consumer price index of the previous lease year; September 2019 The rate of increase in rent was 18.27%.

According to the disclosed data, the new rates are as follows.

See the Indices (Rates) applied by the Supreme Court of Appeal to Rent Increase in the important information folder for the rent increase rates for previous dates.

September 2019 Inflation (CPI– D-PPI) Rates Determined

September 2019 CPI (Consumer Price Index) – Yi-PPI (Producer Price Index Domestic) Ratio was determined by the Turkey Statistical Institute. The new rates are as follows:

Please refer to the Inflation Rates (WPI – PPI – CPI Rates) in our Important Information folder for the CPI D-PPI rates for previous dates. References made to the Wholesale Price Index (WPI) and Producer Price Index (PPI) shall be deemed to be made to the Domestic Producer Price Index (D-PPI) calculated by the Authority and to the WPI and PPI of the agricultural sector.

** In cases where there is no special provision, the rate of increase in rent according to Article 344 of the Turkish Code of Obligations is based on the 12-month average CPI rate.