Share call is announced as the condition of GALATASARAY merger

Capital Markets Board of Turkey demanded that before they could accept the merger application for evaluation, Galatasaray Sportif has to make a share call. CMB stated that the share call price should not be lower than the last three month average of weighted average prices, which would be calculated as for the term prior to their initial merger announcement on 4 August 2006. Calculated price for the share call is TRY 108.5, which is 33% higher than 26/04/2007 closing of TRY 81.5.

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