Ziraat Participation Bank US$75,000,000 Syndicated Murabaha Dual Currency Financing Facility

10 March 2016
Ziraat Katılım Bankası A.Ş. ("Ziraat Participation", or the "Bank"), has mandated ABC Islamic Bank (E.C.) ("Bank ABC") as the Coordinator, and Bank ABC, Dubai Islamic Bank PJSC, and Warba Bank K.S.C.P (each an "Initial Mandated Lead Arranger" and "Bookrunner") to arrange a US$75,000,000 Syndicated Dual Currency Murabaha Financing facility (the "Facility").

The Facility has been structured as a Shari'a compliant Murabaha facility with a one-year and two days tenor. The Facility will be denominated in USD and EUR and the proceeds from the Facility will be used for general funding purposes.

Syndication was launched on 8th March 2016 and is expected to close in April 2016.

Bank Overview

Ziraat Participation was founded by permission of Banking Regulation and Supervision Agency of Turkey on 10 November 2014 with a capital of TL 675,000,000 which was fully paid by the Turkish Treasury. The Bank commenced operations by opening its first branch on 29 May 2015 with its governance body in Istanbul. Ziraat Participation is the first state owned participation bank in Turkey. In 2015 it opened 26 branches across Turkey and its aim is to increase to 50, 100 and 170 branches in 2016, 2017 and 2018 respectively. The number of employees as of 2015 was 459 and the Bank's aim is to increase this figure to 768 and 1405 and 2,080 in 2016, 2017 and 2018 respectively.

Ziraat Participation is a 99.99% subsidiary of Türkiye Cumhuriyeti Ziraat Bankası A.Ş. which is Turkey's 1^st ranked bank in terms of total assets, cash loans, non-cash loans, deposits and profit. Ziraat Participation's vision is to become a global, reputable and leading participation bank that strengthens participation banking not only in Turkey, but in the region.

Ziraat Participation managed to increase its assets from TL 778 million in June 2015 to TL 2,177 million in December 2015, demonstrating significant growth in 6 months. Ziraat Participation anticipates 3.5 times growth in assets reaching TL 7.7 billion by the end of 2016.

Turkey is rated Baa3 by Moody's, BB+ by S&P and BBB- by Fitch.