According to CMB’s notice dated 13/05/2015 and numbered 12233903-335.99-436; Yapı Kredi Asset Management’s portfolio management and investment advisory license dated 13/05/2015 and numbered PYŞ/PY.17-YD.9/391, replaced its portfolio management license dated 08/03/2007 and numbered PYŞ/PY/25-20, and investment consultancy license dated 08/03/2007 and numbered PYŞ/YD/10.