3.6.2. The Report of the Auditing Committee

CENTRAL BANK OF THE REPUBLIC OF TURKEY
JOINT STOCK COMPANY
AUDITING COMMITTEE

AUDITING COMMITTEE REPORT
FOR THE EIGHTY-FOURTH ACCOUNTING YEAR OF THE
CENTRAL BANK OF THE REPUBLIC OF TURKEY

The Auditing Committee has audited the activities and resulting statements of the 2015 Accounting Year of the Central Bank of the Republic of Turkey within the framework of the provisions of the related legislation, and concluded that:

1. Cash, gold holdings, foreign exchange banknotes and securities in the service and reserve vaults of the Head Office and Branches, which were subject to audit and stock-taking, are in conformity with the records as well as the legal books, and these values are kept and administered in accordance with the instructions,

2. Dissents expressed by the Members of the Board and submitted to the Auditing Committee during the accounting period have been deliberated and no action was deemed necessary. The inventory related to the dissents and abstaining votes casted by members were included in the Auditing Committee file.

3. The books related to the Bank’s accounts were examined and it was ascertained that; the records were kept properly and per legislation, the Bank’s operations were in conformity with the Central Bank Law and the Articles of Association,

4. The Balance Sheet dated 31 December 2015 and the Income Statement for the period between 01/01/2015 and 31/12/2015 are in compliance with the Turkish Commercial Code and the Central Bank Law,

5. The financial statements compiled to present the financial position of the Central Bank of the Republic of Turkey by 31 December 2015, and the results of activities relating to the year that ended on the same date are presented in an accurate, correct and clear manner pursuant to the legislation in force in Turkey and the Central Bank Law,

6. The trial for the legal liability lawsuit filed by the Bank continues.

In conclusion, we hereby submit the Balance Sheet and the Income Statement dated 31 December 2015 for approval of the General Assembly.

Ankara, 10/03/2016