At the Extraordinary General Meeting of the Board of Directors held on June 26th, 2006, it was decided to increase the capital which issued from the merger with Tansaş Perakende Mağazacılık A.Ş. from TRY 158,355,000 to TRY 176,266,866 within the registered authorized capital by meeting capital liability nominally which is transferred from Tansaş. Capital was increased through the restriction of the rights of current Migros shareholders.

Share certificates representing the capital increase were registered with the Capital Markets Board dated 26/07/2006 under the registration number 1408/13348. Registered issued shares of Migros were distributed through the exchange of current shares to the share holders of Tansaş (excluding Migros) which was dissolved due to the merger. Because of the merger 0.15691991448112 Migros shares were given for each Tansaş share to Tansaş shareholders. The ratio of 1:0.15691991448112 was used for this exchange. As a result of the merger Tansaş was dissolved and since the start of the share exchange Tansaş shares have not been traded on the Istanbul Stock Exchange. Shares issued by Migros qualify for dividend as of the 2006 fiscal period and the first dividends will be paid from any year 2006 profits.

Shares can still be exchanged at all the branches of Yapı Kredi Bankası A.Ş. and Yapı Kredi Menkul Değerler A.Ş.’de (Head Office). There is no time limit on exercising the right to exchange shares

Shareholders who wish to exercise the right to exchange their shares can acquire Migros shares by presenting their Tansaş shares to Yapı Kredi Bank branches or Yapı Kredi Menkul Değerler A.Ş (Headoffice).

Place of Application:
Yapı Kredi Yatırım Menkul Değerler A.Ş. and all branches of Yapı Kredi A.Ş.
Information about the General Meeting of Shareholders

Migros Ticaret