With respect to the Bankrupt Aks Menkul Degerler A.S., whose certificates of authorization were cancelled by the Board on the date of 09.05.2001 and its bankruptcy was requested and against whom a bankruptcy award given by the Istanbul Court of First Instance No. 6 under the award dated 09.10.2001 and liquidation operations are carried out by the Istanbul Bankruptcy Administration via the file with merits number 2001/18, a payment was made from the bankruptcy agency at rate of 51% of its existing creditors and the remaining receivables of the creditors arising from the share certificates were paid by taking into consideration the item number in the bankruptcy list in accordance with the CML 46/A and 46/B and Investors Protection Fund Regulation and Regulations on Procedures and Principles for Progressive Liquidation of the Intermediary Institutions.

The Bankruptcy Administration awarded that collection fee of 3.6% be taken from the payments made by the Fund. The said award dated 07.04.2003 was made subject at dispute before the Istanbul Executive Inspection Authority No. 8 and the said objection was rejected by the local court under award dated 01.05.2003. As a result of examination during the appeal stage, the Supreme Court did not find the said award contrary to the procedure and rejected the request for withdrawal. This time, the Fund requested for Award Correction and no award has already been taken by the Supreme Court for the request of the award correction.