On January 4, 2022, Letterone Investment Holdings S.A. announced that it intends to nominate a slate of 4 director candidates unaffiliated with Letterone Investment, including 3 independent director candidates, to replace the 4 members, Afif Demirkiran, Nail Olpak, Hüseyin Arslan, and Sir Julian Horn-Smith who were appointed to Turkcell Iletisim Hizmetleri A.S.'s board of directors on April 15, 2021. IMTIS Holdings S.à r.l. delivered a letter to the Company requesting that, among other things, (i) the independence of the independent director candidates be immediately assessed by the Nomination Committee of the Board in accordance with the Company's articles of association and applicable law, (ii) the Board approve and submit to the Capital Markets Board of Turkey an independent director candidate list comprising the independent director candidates by no later than January 26, 2022, and (iii) the Board take, or cause to be taken, all actions and do, or cause to be done, all things, necessary, proper or advisable to make effective, as promptly as practicable, the nomination and the appointment to the Board of the Director Candidates, including by way of (a) adopting a Board resolution to convene a general assembly meeting with an agenda that will include a clear item for dismissing the Non-TWF Directors and replacing them with the director candidates, in each case serving for a term of 1 year expiring on the date of the annual general assembly of shareholders approving the financial statements of the Company for the fiscal year ending December 31, 2022, and (b) preparing and disclosing the information document and any other documents that may be required to adequately and timely inform the Company's shareholders of the relevant agenda items, including the identity and qualification of the director candidates. IMTIS Holdings stated that it intends to submit in due course to the next general assembly of shareholders further resolution proposals which will address other concerns raised in the letter sent by IMTIS and L1T UB Holdings to the Board on October 28, 2021.