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Interest payment

An our news release dated January 3, 2005, we had announced that:

The total interest due to our Bank on December 31, 2004 (in accordance with the Financial Restructuring Agreement signed between our Bank and Çukurova Group companies on December 31, 2002) was US$ 101,761,556.

On December 31, 2004, two Çukurova Group companies had paid US$ 1,374,511 of this amount to our Bank.

The outstanding of US$ 100,387,045 could be paid within the 60 day period described in the Article V.6 of the Financial Restructuring Agreement Today, Çukurova Holding has paid this outstanding US$ 100,387,045 together with its interest of US$ 1,069,066.

Yapı Kredi / 28 Feb 2005

 
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