TCMA ANNUAL REPORT 2018

Auditors’ Report TO THE GENERAL ASSEMBLY OF THE TURKISH CAPITAL MARKETS ASSOCIATION AUDITORS’ REPORT 28.03.2019 The Association’s accounts and transactions have been audited on a monthly basis. It has been established that the records of the Turkish Capital Markets Association have been kept in accordance with the relevant regulations and accounting principles, at that they present at true and fair view of the financial position of the Association. We hereby present the balance sheet, income statement and final chart of accounts as well as the Auditors’ Report for the year ended 31.12.2018 for your approval, and hereby recommend that the Board of Directors be acquitted from its liabilities. BOARD OF AUDITORS Adnan BAHAR A.Albert KRESPİN C. Cem ÖNENÇ AUDITOR AUDITOR AUDITOR M. Selim YAZICI Mehmet AHKEMOĞLU AUDITOR AUDITOR 57 TCMA 2018 ANNUAL REPORT