NEWSLETTER-2017

359 MISCELLANEOUS Company. The assets of the Turkish Wealth Fund, with the exception of the authorized activities and transactions to be conducted by the Turkish Wealth Fund and sub-funds, including obtaining cash and fi- nancing from capital markets for the account of Turkish Wealth Fund, may not be provided as collateral, nor be pledged, may not be disposed of for any other means, may not be attached for any reason, including the collection of public receivables, may not be subject to provisional injunction, and may not be included within the bankrupt’s assets. The debts and obligations of the Company to third parties, and the receiv- ables of the Turkish Wealth fund from the same third parties may not be set off in exchange for each other. With these provisions, it is understood that the assets of the Wealth Fund are secured, and that these assets are distinguished from the assets of the Company. Exemptions and Exceptions concerning the Wealth Fund Article 8 of Law No. 6741 defines exemptions and exceptions concerning the company and the Wealth Fund, as well as the compa- nies and sub-funds to be incorporated by the Company. As examples, under conditions set forth in the relevant Law, income tax, certain taxes collected pursuant to Municipality Income Law No. 2464, published in the Official Gazette dated May 29, 1981 and numbered 17354, and stamp taxes may be paid in relation to the operations conducted by the Company, including the incorporation and registry operations and registration and publication of its articles of association. Additionally, the Company, the Wealth Fund and the companies and sub-funds to be incorporated by the Company, are not subject to the legislation, practices and restrictions applied to public bodies, institutions and partnerships whose majority shares are held by the state, or established by special legislations, including government business enterprises.