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Turkcell (NYSE: TKC, ISE: TCELL), the leading provider of mobile communications in Turkey,
announced today that its number of subscribers reached 20.9 million by the
end of second quarter 2004, implying a 6% rise compared to the first quarter
2004 figure of 19.7 million.

Turkcell's postpaid subscribers totaled 5.0 million and prepaid
subscribers amounted to 15.9 million, a 2% and 7% increase, respectively
compared to the first quarter. The second quarter recorded a sizeable 75%
increase in net new additions, 1,186,000 subscribers compared to the previous
quarter's figure of 678,000. The postpaid subscribers made up 12% of the
gross new subscribers acquired in the second quarter of 2004.

    In the first half of 2004, Turkcell's gross new subscriber additions
increased just slightly compared to the first half of 2003. Nevertheless,
lower churn, achieved through segmented churn prevention activities and mass
loyalty programs, reinforced expansion in the number of subscribers, as the
first half 2004 net new additions registered a 27% increase amounting to 1.9
million compared to 1.5 million in the same period the previous year. The
growth trend in subscribers continues in line with Turkcell's expectations,
while the lower churn levels led to better than expected overall growth.

    Mr. Muzaffer Akpinar, CEO, stated, "The favorable growth in the first
quarter 2004 extended to this quarter and we realized a strong expansion in
our subscriber base. We surpassed the 20 million milestone and reached 20.9
million subscribers. The main reason behind this achievement was our success
in keeping churn levels under control with our mass and segmented retention
efforts, which was also supported by the market environment. We maintain our
positive outlook for 2004."

    http://www.turkcell.com.tr/
    About Turkcell
    Turkcell is the leading GSM operator in Turkey with 20.9 million postpaid
and prepaid customers. Turkcell provides high-quality wireless telephone
services throughout Turkey and has coverage of 100% of the towns with more
than 10,000 inhabitants. Turkcell provides roaming with 403 operators in 167
countries as of May 30, 2004. Turkcell is the only NYSE listed company in
Turkey. Turkcell has interests in international GSM operations in Azerbaijan,
Georgia, Kazakhstan, Moldova and Northern Cyprus, which have a total of 2.7
million subscribers as of March 31, 2004.